TRID One Year Later: A Look Back at the Effects

TRID One Year Later: A Look Back at the Effects of TRID

October 3, 2015, heralded in a huge change for the mortgage industry. It became the implementation deadline for some of the largest changes the industry had seen in decades. The TILA-RESPA Integrated Disclosure Rule (TRID) was enacted by the Consumer Financial Protection Bureau in order...

Freddie Mac’s New Pilot Program

Freddie Mac’s New Pilot Program: What You Need to Know

Freddie Mac’s new pilot program, Your Path, aims at easing income and documentation restrictions in home buying. This is expected to encourage more first-time home buyers and purchases in underserved areas where income may be more low to moderate. It takes into account the changing...

Where Do Home Buyers Pay More for Closing Costs?

Where Do Home Buyers Pay More for Closing Costs?

The average homebuyer spends a lot of time considering the cost of their potential home. They counter the asking price. They ask for items to be included - or discounts to be applied - for things like older roofs and air conditioners. They shop around...

TRID Updates

TRID Updates: What Lenders and Agents Need to Know

The TILA-RESPA Integrated Disclosure Rule (TRID) popularly referred to as "Know Before You Owe” went into effect in October of 2015. Since then many people in the industry have been clamoring for clarifications and they were finally updated this summer. Here’s what you need to...