SOURCE: Mortgage News Feed
For all the sound and fury surrounding the implementation of the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosures rule earlier this month, early indications are that TRID isn’t actually going to have any impact on the lifeblood of the mortgage business – originations. Mortgage applications have been all over the board in the run-up and aftermath of the Oct. 3 implementation of TRID, with applications surging more than 25% in the last week of September in a pre-TRID rush, followed the next week by a 25% drop back down on TRID fears. But, a new report from FBR & Co., suggests that the application rollercoaster is mere signal noise, and the reality is that fourth quarter mortgage originations are expected to rise over last year. Read Full Article Here >>
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Each week we post articles on FHA/VA Government news topics, ranging from FHA Direct Endorsement Underwriters, to current FHA underwriting guidelines, to new FHA rules/regulations, FHA compliance, FHA lending requirements and much more! PLEASE NOTE: We are NOT owned, operated or affiliated with HUD, FHA or the Federal Government in any way.