The sun will come out post-TRID
Conference Coverage, The Road to Oct. 3
Whether it’s Aug. 1 or Oct. 3, life will go on post-TRID implementation, according to a National Settlement Services Summit (NS3) panel of underwriters featuring Westcor, Old Republic Title, First American Title Insurance Co., Alliant National Title and Stewart Information Services. Westcor President and CEO Mary O’Donnell said bankers will still get up and go to banks, and Realtors will still take people to see homes. Read on to learn more.
TRID implementation delayed two months and two days
The proposed new effective date for the TILA-RESPA Integrated Disclosure rules will be Oct. 3, the Consumer Financial Protection Bureau announced. The bureau said it was proposing an Oct. 3 effective date rather than Cordray’s recent announcement of Oct. 1 because it would launch TRID on a Saturday, as it would have Aug. 1.
Placer Title and sister companies set for regulations
Randy Bradley, executive vice president and board member of Mother Lode Holdings Co., parent company of Placer Title, sat down with The Title Report to discuss industry regulations. He said despite varying state laws and the CFPB his team will be ready to implement TRID. Keep reading to learn more.
Three title companies align to create TitleConnect Alliance
Three Washington D.C.-based title companies aligned to create the TitleConnect Alliance. With 18 offices spread across Maryland, Virginia and Washington D.C., the companies said they can better service their clients by utilizing any closing location within the network. Read on to learn more.
CFPB proposes delayed implementation of TRID
Governmental Affairs, The Road to Oct. 3
The industry may be given more time to implement the TILA-RESPA Integrated Disclosure (TRID) rule. In an announcement June 17, the Consumer Financial Protection Bureau (CFPB) said it will be issuing a proposed amendment to delay the effective date of the TRID rule until Oct. 1, 2015. Keep reading to learn more about this proposal.
Breaking: TRID date pushed back to Oct. 1
As day became evening June 17, the landscape in the mortgage industry changed. More than 19 months after issuing the final TILA-RESPA Integrated Disclosure (TRID) rules that will change the way residential mortgages are conducted, the Consumer Financial Protection Bureau shifted gears and issued a statement that the effective date for TRID would be pushed back to Oct. 1, 2015.