Episode 8: When will the CFPB fix the TRID rule 'black hole'? Rich Horn
Rich Horn is back to update us on the proposed TRID rule amendment that could, once and for all, fix the "black hole" - the costly problem faced by lenders when loan fees increase unexpectedly prior to closing.
When will lenders be permitted to issue a corrected CD rather than eat the higher fees? What is the right balance between consumer protection and fairness? Rich fills us in and "reads the tea leaves" about what might be in store for 2018.