Mortgages

TRID: How The TILA-RESPA Integrated Disclosure Works

Sandra Visser's picture
TRID Mortgage Disclosure Form

I recently attended a seminar regarding TRID. That is the TILA-RESPA Integrated Disclosure. The basic premise is that the home buyer, now known as the Consumer, should “Know before you Owe.” The consumer has the opportunity to view the Loan Estimate (previously the Good Faith Estimate) before formally applying with a particular institution and paying an application fee. Ideally the consumer will have more opportunity to compare banks.

Realtors Don't See Banks Easing Mortgage Lending Standards

Armen Hareyan's picture
Mortgage Loan Standards

On Monday, Nov. 2 Reuters published a story, which said that Fed survey showed banks easing or lower mortgage lending standards for borrowers. I asked several fellow Realtors and mortgage lenders to see if they feel any easing or lowering of mortgage lending requirements for their clients and most of the answers were negative. Here is what they said.

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