It started in late March, today the brakes are applied, we are now in a delay.  The August 1st deadline for the TRID regulations has been delayed until October 1st. The party line is there was an administrative mistake that was just discovered, in the nick of time. I’m glad that thing showed up. That provides a little relief, not much, sometimes.2 months is a day in development. Here’s what they said,

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Big news last week. There won't be a delay in the August 1st deadline, but there will be a grace period on enforcement. HousingWire has a write up on it where they say Richard Cordray informed David Stevens CEO of the MBA that there will be a delay in enforcement.

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The CFPB wants to learn about the electronic closing business and is looking for agents who currently have some electronic closing system in place. They are the government and they are here to help the consumer. The CFPB's vision is for a "knowledgeable, empowered homebuyer experiencing a more efficient, consumer-friendly process."  If you do eClosings, Read on….

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The Consumer Financial Protection Bureau (CFPB) has released a new guide to for the new forms.  This one weighs in at a scant 96 pages.  It covers the Loan Estimate and Closing Disclosure forms very well. Download a PDF of the TILA-RESPA Integrated Disclosure Guide to the Loan Estimate and Closing Disclosure forms Phew that is a mouthful.