TRID Archive

TRID: A Business Opportunity?

On October 3rd the new closing process and documents known as Know Before You Owe or “TRID” was implemented. These changes could make it harder for lenders to complete closings on time. But they might also present an opportunity...

Applications for Purchase Mortgages

Applications for purchase mortgages eased 0.6 percent for the week ending October 23rd after a 3.1 percent decline in the prior week, but the 4-week moving average remains strong. A boom and bust pattern developed around the implementation of...

Modest Improvements to Lending in the 3rd Quarter

NAR research continues to monitor access to credit and other issues affecting the ability of homebuyers to finance their purchase. In the 3rd Quarter Survey of Mortgage Originators, lenders were queried about recent production trends and expectations for the future....

Applications for Purchase Mortgages

Applications for purchase mortgages tumbled 34.1 percent for the week ending October 9th after surging 27.4 percent in the prior week, but the 4-week moving average remains strong. The new TILA RESPA Integrated Documentation (TRID) closing documents and process...

Applications for Purchase Mortgages

Applications for purchase mortgages spiked 27.4 percent for the week ending October 2nd, likely a result from implementation of the new TILA RESPA Integrated Documentation (TRID) closing documents and process also known as the Know Before You Owe rule...