TRID Archive

Contracts That Closed in January 2016 Typically Took 42 Days to Close

In a monthly survey, the National Association of REALTORS® asks REALTOR® respondents how many days it took to close their most recent contract that closed in January 2016. The median days to close a contract was 42 days, up...

TRID: Hope on the Horizon

TRID has resulted in delays and cancellations of loans, but the majority of loans are being closed on time according to lenders who took part in NAR’s 9th Survey of Mortgage Originators. While originators were advising clients for longer...

TRID Delays Stabilize

The new TRID regulations continue to dog the market, but the impact moderated slightly in January. With the spring market beginning to heat up in February, lenders will be pressed to streamline their settlement procedures while REALTORS® will need...

Where are the Closing Documents?

New rules governing the settlement process were introduced in the 4th quarter of 2015. NAR Research surveyed its members to gauge the impact of the new regulations and found a modest, but significant impact on volumes, but more insidious...

TRID: 3-months In Review

The mortgage lending process underwent a major regulatory overhaul in the 4th quarter. NAR Research surveyed its members to gauge the impact of the new regulations and found a modest impact to the market, but significant impact for those...