TRID Talk: Are New Homebuyers Feeling the Effects of TRID & More

From homebuyer closings to realtor exams, the new TRID is still a major factor in all aspects of the title industry.  Impact reports and predictions continue to flood the news and the only sure thing seems to be that the TRID will be making headlines for a long time to come.

Following are the latest in a series of articles:

CFPB Pledges Leeway in Early TRID Exams
National Mortgage News | February 19, 2016
The Consumer Financial Protection Bureau openly acknowledged that the transition to new mortgage-disclosure requirements presents a major challenge for lenders, saying it will give them some leeway in upcoming exams.

Home Closing Delays from TRID Getting Longer: Ellie Mae
MarketWatch | February 21, 2016
When it comes to closing on your home loan, you better be prepared to hurry up and wait — perhaps as much as two months — before you get your keys.

Are New Homebuyers Feeling the Effects of TRID?
The MReport | February 22, 2016

AEI credits “…the implementation of the TILA-RESPA Integrated Disclosure (TRID) rule, which delayed the closing on some home purchases in late 2015″ as the leading cause for the slowdown in first-time buyer activity.”

RealtyTrac: TRID Dragged Down Fourth Quarter Mortgage Originations
MortgageOrb | Feb 18, 2016

“Primary causes of the decrease were lending institutions embracing new TRID guidelines implemented in October, as well as abnormally low listing inventories across the country.”