
What the CFPB’s TRID Clarification Didn’t Clarify
The 293-page plan addressed a number of shortcomings in the CFPB's "Know Before You Owe" rule, but did not give lenders what they wanted most: the ability to correct errors after a loan has closed and a release from liability for technical violations. All in all, ABA says it's a start. So does ICBA. NAR says it's a significant victory. [8/1/16]