By: Amanda Phillips for Tomorrow’s Mortgage Executive
We still have more time to deal with TRID before the industry will need to refocus its attentions on what’s next, but HMDA and Fair Lending are the candidates most likely to be affected by reform.
For over a year, it has been all TRID, all the time. As we pass the TILA RESPA Integrated Disclosures (“TRID”) implementation date, regardless of how prepared lenders are feeling, one thing is certain: TRID is happening. So now the question becomes: What is the “next big thing” for the industry?