TRID Archive

Brexit: Lower Rates with Little Delays

Brexit, the vote by British citizens to leave the European Union, could have far reaching implications for international trade, but it could take several years to realize the full impact. In the near term, it means lower mortgage rates,...

Closing Documents Remain Elusive, but Change Coming

Lenders’ reluctance to share closing disclosures (CDs) with REALTORS® rose in the 2nd quarter of 2016 according to responses to NAR’s Survey of Mortgage Originators. Under the new Know Before You Owe or TRID rules, the HUD-1 closing form...

TRID Costs and Lender Optomism in the 2nd Quarter

Lenders continue to deal with the effects of TRID and wavering investor demand but are more optimistic about investor demand for mortgage in the second half of 2016.  Those are some of the sentiments expressed in the Survey of...

TRID: Back on Track in June

The average time-to-close snapped back to its downward trend in June after a May reversion. The time from contract to settlement in June relative to the same time in 2015 edged lower relative to last month. On average, sales...

Lenders Make Headway, Reducing Delays and Cancellations rom TRID

The lending industry has struggled with recent changes to the closing process. However, the 1st quarter Survey of Mortgage Originators shows clear improvements in handling the new regulations. The new Know Before You Owe or TILA RESPA Integrated Disclosures...