know before you owe

CFPB Proposes Updates to “Know Before You Owe” Mortgage Disclosure Rule

Changes would provide clarity, preserve protections for consumers By Jeff Sorg, OnlineEd Blog (July 29, 2016) – The Consumer Financial Protection Bureau (CFPB) today proposed updates to its Know Before You Owe mortgage disclosure rule. The proposed amendments are intended to formalize guidance in the rule, and provide greater clarity and certainty. The changes proposed today would

The Top 10 Things Real Estate Agents Need to Know About TRID/Know Before You Owe

Real Estate Agents need to review and become familiar with the Closing Disclosure in order to answer buyer and seller questions By Jeff Sorg, OnlineEd Blog (December 23, 2015) – Every real estate agent should get familiar with the TILA-RESPA integrated disclosure forms. These new Loan Estimate and Closing Disclosure forms are required for most mortgage loan applications. While

7 Things Real Estate Brokers Need to Know About TRID

TRID, it’s really not all that complicated for the real estate broker By Jeff Sorg, OnlineEd Blog (Listen to this post in audio) (December 18, 2015) – TRID is an acronym for TILA/RESPA Integrated Disclosure and is part of Know Before You Owe – Mortgages, the CFPB’s mortgage initiative designed to help consumers understand their loan options, shop for the

It’s Official! CFPB Moves TRID Implementation Date to October 3, 2015

(Jeff Sorg, OnlineEd) – The Consumer Financial Protection Bureau has issued a final rule moving the effective date of the Know Before You Owe mortgage disclosure rule, also called the TILA-RESPA Integrated Disclosures, or TRID, to October 3, 2015. The final rule issued today also includes technical corrections to two provisions of the Know Before You