Links in “Integrated Mortgage Disclosures”

With the Oct. 3 implementation deadline for the TILA/RESPA Integrated Disclosures rapidly approaching, nearly 20 trade groups press the FFIEC with a request for clearly articulated details about how examinations will be handled during the transition period. The trade groups are not satisfied with the CFPB's guidance that regulators will be "sensitive to the good-faith efforts" of lenders. [9/21/15]

The new TILA/RESPA Integrated Disclosures has boxes for the license numbers of the buyer's and seller's real estate agents, plus the settlement service provider. Could that data be used to track the interactions between those three to look for clues about payment-for-referral deals? [9/16/15]

The new TILA/RESPA Integrated Disclosure rules require a complicated formula for title insurance that ends up withholding from the consumer the correct and accurate price, testified this title insurance executive to the House Financial Services subcommittee. [9/10/15]

Trade groups request "with great urgency" that the FFIEC members articulate their precise policies for examining and supervising financial institutions during the initial months after the TILA/RESPA Integrated Disclosure rules become effective on Oct. 3, 2015. [9/10/15]

Real estate agents are preparing for new TILA/RESPA Integrated Disclosure rules. Nearly 56% plan to add longer timelines to their purchase agreements, while 31% will add contingencies to their contracts. [9/2/15]

Rather than publish a Q&A regarding the TILA/RESPA Integrated Disclosure rules, the CFPB held a series of five webinars in which it addressed questions, making it unwieldy for those who wished to quickly find answers to their questions after the fact. Fortunately, the CFPB has released an index to the various questions on its website. [8/17/15]

ABA writes to the members of the FFIEC to request that it articulate its policy for examining financial institutions during the initial months after TILA-RESPA Integration Disclosure Rules take effect. [8/13/15]

Rather than retool its closed-end home equity loan disclosures to meet new TILA-RESPA Integrated Disclosure requirements, Wells Fargo has stopped offering such loans. The company will shift its focus to its non-TRID home equity lines. [8/13/15]

Does TRID permit credit unions to provide revised Loan Estimates solely for "informational purposes" when settlement costs increase, but are still within the applicable tolerance limits? If you're asking this question, you're not alone. [7/31/15]

Bills that passed the House Financial Services Committee's vote this week include measures that would roll back Operation Choke Point, designate portfolio loans as Qualified Mortgages, institute a hold-harmless period for TRID, and more. [7/30/15]