by | May 28, 2016 | Closing, Industry News
Equifax, one of the three major credit reporting agencies, has announced that it will begin collecting HOA payment histories and account status though Sperlonga, a credit aggregator. Equifax says the HOA payment reporting will go live in October.
by | May 25, 2016 | CFPB, Closing, Education, Government Oversite, RESPA, TRID Truth in Lending RESPA Integrated Disclosure
The “TRID Rule” is short for the TILA-RESPA Integrated Disclosure where the Consumer Financial Protection Bureau (CFPB) consolidated the number of required disclosure forms from four to two. Under the original Truth in Lending Act (TIL) and Real Estate Procedure Act...
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