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Here's how TRID will impact real estate transactions

2015-09-30 22:43:15| Real Estate - Topix.net

HousingWire asked Sharon Voss, president of the Orlando Regional Realtor Association , to discuss how the new TILA-RESPA Integrated Disclosure rule from the Consumer Financial Protection Bureau will affect real estate transactions. HousingWire: Given that TRID can't really be tested until after Oct. 3, how ready do you think the industry really is? Sharon Voss: The CFPB's new disclosure rule marks a major event that will cause some bumps in the road, but these new rules are intended to simplify the disclosure and loan-closing process for consumers and better prepare buyers for their mortgage transaction.

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