Links in “Integrated Mortgage Disclosures”

Despite recent reports that TILA-RESPA Integrated Disclosures hasn't caused any major lending delays, there are signs that indicate there may be problems ahead. [12/1/15]

Predictions that the mortgage industry would implode under the requirements of the TILA-RESPA Integrated Disclosure rule may have been overblown, according to this survey, which finds that TRID's impact so far has been minor. [11/24/15]

The OCC told lenders that it will soon be starting its initial round of examinations looking at compliance with the TILA-RESPA Integrated Disclosure rule. [11/9/15]

When it comes to new HMDA requirements, two years to get compliant may sound like a long time. But coming so closely on the heels of the TRID changeover has many lenders reeling. (See Risk Watch 76 for a video overview.) [11/3/15]

While mortgage applications have been all over the map in the run-up and aftermath of the implementation of TILA-RESPA Integrated Disclosure rule, a new report suggests that the application rollercoaster is mere signal noise, with fourth quarter mortgage originations expected to rise over the previous year. Does it feel like "mere signal noise" to you? [11/2/15]

86% of banks say their top regulatory challenge is complying with the new TILA-RESPA Integrated Disclosure rule. Not far behind are the new reporting requirements for HMDA. (See Risk Watch 76 for an overview of the "new" HMDA.) [10/30/15]

Counting on a regulatory agency's grace period for the TILA/RESPA Integrated Disclosure rule implementation phase is unwise because it doesn't cover private actions borrowers or investors can take against activity conducted during this transition. [10/27/15]

Now that credit unions are using the new combined TILA/RESPA disclosures for mortgage loans, questions have arisen about how to disclose the fees for “piggyback” or “simultaneous second” liens. The NAFCU Compliance Blog demystifies the confusing rules and guidance on how to handle these situations. [10/22/15]

If creditors lowball an estimate outside specified tolerances, they have to make up the difference. So the temptation may be to highball estimate. But there are hidden drawbacks to this strategy. [10/21/15]

FHA tells lenders it will not be conducting routine quality control reviews for technical compliance with TILA-RESPA Integrated Disclosure rules until April 16, 2016. [10/20/15]