CFPB Plots ‘Clarifying’ Changes to TRID in July

National Mortgage News, Apr. 28, 2016–Berry, Kate

The Consumer Financial Protection Bureau will propose changes in late July to its mortgage disclosure rule to provide “greater certainty and clarity” to the mortgage industry. Pete Mills, a senior vice president of residential policy and member services at the Mortgage Bankers Association, said the changes requested by the industry do not involve policy issues but rather resolving differing interpretations of the rule.