The Massive Gulf Between Cordray and Industry on TRID’s Impact
When it comes to characterizing the impact of the TILA-RESPA Integrated Disclosure rule on the mortgage industry, CFPB's Cordray dismissed it as another Y2K/much-ado-about-nothing event. Many in the mortgage industry see it differently, however. "This is the most time-consuming, biggest event that I've ever had to deal with in my 23 years. And that includes the market crash." [12/15/15]