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Mortgage Disclosure Rule Causes Lenders to Pay: CFPB

Friday, Oct 02 2020
Lending
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The Consumer Financial Protection Bureau, in a new five-year review of its mortgage disclosure rule, has found that the regime carried a price tag for lenders. So reports Asset Securitization Report.

In an evaluation of the CFPB’s 2015 rule known as TRID, the bureau found that the integrated disclosure carried implementation costs of about $146 per mortgage originated in 2015 and $39 per closing.

The bureau noted that the longer-term financial impact from TRID was less certain.

Read the full article from Asset Securitization Report.

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