TRID Flubs, Fluffs, PR Victories, Training; Fannie/Freddie Weigh in on Enforcement

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Posted To: Pipeline Press

How long has your staff been on their jobs? The Fed has kept short term rates unchanged for 6 years and 9 months at this point. Does your senior management team have plans in place, or estimates of the impact on business, if (or when) that stance changes? No one owns a crystal ball, but at some point it is bound to change. "At some point" is a safe bet - time has a way of passing us by. In fact anyone who has been in the business less than 7 years wasn't even around when Countrywide existed as we knew it - but the company made news again as " The Only Banker Sued for the Housing Crisis Prepares her Appeal ." The CFPB is pushing "Know Before You Owe" but the industry knows it as TRID... Two business days in and TRID news has been interesting. Paul P. writes, "Someone asked me how we're doing...(read more)

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Source: http://www.mortgagenewsdaily.com/channels/pipelinepress/10072015-trid-enforcement.aspx

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