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Lenders & Title Agents Hesitant to Share Buyers’ Closing Documents

Prior to the TILA-RESPA Integrated Disclosure implementation last October, title companies and lenders typically shared HUD-1 closing documents with realtors so they could review them for errors and overcharges. Now, many lenders and title agents are concerned they may be violating regulations or breaking federal privacy laws by sharing “non-public” …

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Lender Profits Falling, CFPB Sets Q&A Date

The new regulatory environment has been a growing concern among mortgage, finance, and housing professionals. In congressional testimony on March 16th, the Consumer Financial Protection Bureau Director Richard Cordray promised a question-and-answer session to help industry professionals comply with TRID. Cordray also reiterated that the CFPB’s TRID enforcement has remained …

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