Tag Archives: TILA-RESPA integrated disclosures

ABA Launches New Online TRID Courses

As part of its Residential Mortgage Lender Certificate, ABA today launched two new online courses on preparing the required TILA-RESPA integrated disclosures. The new courses -- Preparing the Loan Estimate and Preparing the Closing Disclosure -- are part of the 18-course sequence toward the certificate.

Read More »

Mortgage Applications Plummet in Week After TRID

Applications for new mortgages plummeted 27.6 percent in the week of October 3-9, immediately after the new TILA-RESPA integrated disclosures took effect, according to weekly figures released by the Mortgage Bankers Association today.

Read More »

House Passes TRID Grace Period Through Feb. 1

By a bipartisan 303-121 vote, the House last night passed H.R. 3192, which would provide a safe harbor from enforcement actions and private civil actions for lenders making good-faith efforts to implement the new TILA-RESPA integrated disclosures. The safe harbor would extend to Feb. 1.

Read More »

Bipartisan ABA-Backed Bills Coming to Vote This Week

The full House is expected to vote this week on two bipartisan bills that are part of ABA’s Agenda for America’s Hometown Banks. H.R. 1553, introduced by Reps. Scott Tipton (R-Colo.), Lacy Clay (D-Mo.) and Andy Barr (R-Ky.), would raise the asset threshold for qualifying for the 18-month exam cycle from $500 million to $1 billion.

Read More »

Cordray Signals ‘Hold-Harmless’ Period for TRID Compliance

Testifying before the House Financial Services Committee today, Consumer Financial Protection Bureau Director Richard Cordray signaled that the bureau and other financial regulators are working on guidance for a formal ‘hold-harmless’ period to facilitate compliance after the TILA-RESPA integrated disclosures take effect on Saturday.

Read More »

N.H. Lawmakers Make Bipartisan Push for TRID Grace Period

The entire New Hampshire congressional delegation -- two Democrats and two Republicans -- on Thursday wrote to Consumer Financial Protection Bureau Director Richard Cordray to request a “grace period” for good-faith efforts to comply following the Oct. 3 effective date for the TILA-RESPA integrated disclosures.

Read More »

ABA, Housing Groups Seek More Clarity on TRID

ABA and several housing and financial trade groups yesterday asked the federal banking agencies to issue formal joint guidance through the Federal Financial Institutions Examination Council clarifying how they will examine compliance with the TILA-RESPA integrated disclosures after the new forms and processes take effect Oct. 3.

Read More »