How “The Big Short” changed it all
New guidelines to help homebuyers understand loan disclosures.
New guidelines to help homebuyers understand loan disclosures.
On October 3, the TILA-RESPA Integrated Disclosure (TRID) took affect. TRID is complicated, but what you need to know is that mortgage lending forms used to be difficult for the homebuyer to understand. That’s why the Consumer Financial Protection Bureau (CFPB) developed new, more streamlined documents. What is TRID? New disclosures the lender must provide consumers when they Read more about What you need to know about the TILA-RESPA Integrated Disclosures (TRID)[…]