Posted To: Pipeline Press
I asked my cat Myrtle for her comments on the proposed TRID changes. (Blank stare.“Myrtle, make up your mind – in or out!”) I did, however, receive this note from a veteran broker regarding the changes. “Every comment I read online basically said this is onerous or worse . I didn't go through all of them but did not see one in favor of TRID. Everyone should express their opinion even if it's only 2-3 lines . (One can read the comments in the right column.) The three-day rule is a joke on refis although for purchases I can understand their reasoning - but not the practicality. If the borrower has been properly educated they should not have any surprises." Frankly I have a hard time keeping up with all the lender & investor changes in FHA & VA lending. Lenders...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/2bP431n
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