Know Before You Owe Implementation

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As I said in The Wall Street Journal last week, the new Know Before You Owe regulation, also known as TILA-RESPA Integrated Disclosure (TRID), is without question the single largest implementation challenge that the real estate community has faced since Dodd-Frank was signed into law. Lenders and others involved in real estate transactions have spent billions of dollars on new systems and training for employees to make sure these new rules don’t disrupt home purchases.  Continue reading