TRID Legislation and GSA Grace Period Last week, the House passed H.R. 3192 the “Homebuyers Assistance Act.” On the same day, the Senate read a similar Bill, S. 1711, twice, and referred their Bill to the Committee on Banking, Housing, and Urban Affairs. In short, the Homebuyers Assistance Act is an effort to provide homebuyers a reprieve from perceived closing

Duty to Cooperate Ruling Narrows Insurers’ Ability to Foreclose Coverage for Settled Class Action ClaimsIn previous blog postings, we discussed an informal announcement from the Consumer Financial Protection Bureau (CFPB) of its intent to delay the effective date of the new integrated mortgage disclosure rule under Truth In Lending Act and the Real Estate Settlement Procedures Act (commonly referred to as the TILA-RESPA Integrated Disclosure rule or TRID

CFPB Proposes to Extend TRID Effective Date to October 3In a previous blog post, we discussed an informal announcement by the Consumer Financial Protection Bureau (CFPB) of its intent to delay the effective date of the new integrated mortgage disclosure rule under Regulations X and Z (commonly referred to as the TILA-RESPA Integrated Disclosure rule or TRID rule). A proposed amendment was released

CFPB Postpones TRID Implementation Date from August 1 to October 1, 2015In welcome news to the industry, the Consumer Financial Protection Bureau (CFPB) announced on June 17, 2015 that it will delay the effective date of TRID (the TILA-RESPA Integrated Disclosure rule) until October 1, 2015. Director Richard Cordray announced the CFPB’s intent to issue a proposed rule change to delay the effective date, with opportunity