By Cassidy Trowbridge | Phoenix Business Journal
Phoenix homebuyers will be encountering new disclosure forms when working with mortgage lenders this October.
In an effort to add clarity and simplicity to the mortgage lending process, the Consumer Financial Protection Bureau is implementing TRID, also known as the TILA-RESPA Integrated Disclosure rule.
The acronym-laden rule will effectively do away with old forms and make loan information more concise for a homebuyer, said Martha Appel, committee chair of risk management at the Arizona Association of Realtors.
