TRID Archive

Lenders Give Dodd-Frank a Second Look

The Dodd-Frank regulations were intended to correct many of the problems witnessed during the build-up to the subprime financial crisis. In recent quarters, market participants and politicians have debated both tweaks to and wholesale replacement of the Dodd-Frank laws....

Appraisal: A Candle Burnt at Both Ends

Refinancing soared in 2015 and 2016 as rates fell, while burgeoning home sales pushed over the five million sales mark and the TRID regulation was implemented. In this environment, anecdotes of delayed closing, difficulties getting appraisals and even “rush”...

29 Percent of Sales Contracts in November 2016—January 2017 Had a Delayed Settlement

In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members “In the past three months, think of your most recent sales contract that was either settled/closed or terminated. Please explain how the deal concluded (settled, delayed,...

FHA Fee Reduction On Hold

On Friday, the new administration suspended a 25 basis point fee reduction that the past administration announced on the 9th of January. NAR research estimated that the fee reduction would have benefited 750,000 to 850,000 homebuyers in 2017 whose...

Lenders Rounding Home on TRID

A year after TRID, lenders show signs of growing optimism. The TRID or the Know Before You Owe rules were implemented in October of 2015 and indented to streamline and safeguard consumers in the closing process. Delays and closing...