By Brenna Swanson | HousingWire
The initial shockwave from TRID is over, replacing beginning fears and worries with solid evidence of what the new rule is doing to the mortgage industry.
While the rule was designed to help the industry, now nearly six months post-TRID and the CFPB is yet to address concerns, they say, which came to light since the rule went into effect.
The Association of Mortgage Investors wrote a letter to Consumer Financial Protection Bureau Director Richard Cordray to express the mortgage investor community’s concerns over the bureau’s “Know Before You Owe” mortgage disclosure rule.
