TRID Archive

Growth Forecast for REALTOR® Firms

Let’s take a snap shot into the minds of REALTOR® firms and their projection for business in the near-term from the 2016 Profile of Real Estate Firms. First, we know that roughly half (47 percent) of all firms are...
September 22, 2016

Settlement Delays Edge Upward

Delays in the time-to-close, the time from when a listing goes under contract to settlement of the deal, rose for the second consecutive month. Delays are measured by comparing the time-to-close this year with the same time frame a...

Concern about Fast-Rising Prices, or Overworked Appraisers?

While the market seems to have made steady progress adjusting to the TILA/RESPA Integrated Disclosure (TRID) rules and TRID-induced delays,[1] a new contract-delaying culprit may be re-surfacing. In addition to flashing yellow lights on affordability as home prices continue...

TRID: The Cost of a Better Experience

The implementation of the new Know Before You Owe or TRID rules were market my initial delays that have given way to relative calm. However, half of lenders surveyed in the 2nd quarter Survey of Mortgage Originators indicated that...

TRID, Brexit, or Something Else?: Delays Level Off

The average time-to-close, as measured by closed listings reported from MLSs, rose modestly in July relative to a year earlier. July’s 3-day delay was roughly in line with the 3.1 day delay averaged over the prior 3 months. The...