Community #lender confidential: Why TRID is far worse than anyone thought: In a recent speech, CFPB Director Richard Cordray compared the implementation of the CFPB’s new TRID rules to Y2K. But many that operate within the #mortgage industry do not share that opinion. To get an understanding for just how far apart the CFPB’s opinion of TRID is from the industry itself, especially away from Wall Street, HousingWire conducted a series of interviews with community #lenders about how TRID is impacting their business. And the news isn’t good. http://www.housingwire.com/articles/35826-community-lender-confidential-why-trid-is-far-worse-than-anyone-thought ❤️ #share #mortgage
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