Did the sound and fury of TRID actually amount to nothing?

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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