Moody’s: TRID Violations Found in 90% of Recently Reviewed Mortgages
HousingWire, Dec. 10, 2015–Lane, Ben
Despite Consumer Financial Protection Bureau Director Richard Cordray’s recent proclamation that the October implementation of the CFPB’s new TILA-RESPA Integrated Disclosures rule was akin to the unfounded panic that surrounded Y2K, a new report from Moody’s Investors Service finds that TRID compliance violations are running rampant among newly originated loans.
