TRID

As the industry awaits the Consumer Financial Protection Bureau’s (CFPB) first rulemaking activity under Director Kathy Kraninger, stakeholders can reflect on the impact of some of the agency’s most significant regulations. The bureau published five-year assessments of its ability-to-repay/Qualified Mortgage rule and its mortgage servicing rule in January as statutorily required under Section 1022(d) of the Dodd-Frank Act. Both reports provide plenty of insight into the rules’ effectiveness since becoming implemented. Shortly after those reports’ publication, the industry’s attention immediately turned to another forthcoming five-year lookback on a rule that keeps many lenders and settlement agents up at night – [...]