Thursday, March 31, 2016

AMI to CFPB: Don't ignore investor concerns, TRID does cause issues

The initial shockwave from TRID is over, replacing fears and worries with solid evidence of what the new rule is doing to the industry, a new letter from the Association of Mortgage Investors reveals. The CFPB did touch on this investor issue last year, but its solution was to simply tell them they’re overreacting. It was not enough.

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