In this seventh and final installment in my series about the big changes that have followed the mortgage meltdown, I’ll discuss the “Know Before You Owe” Law, also known as TRID.   In the real estate industry, the “Know Before You Owe” Law is also known by the name “TRID,” which stands for “TILA-RESPA Integrated […]

Welcome to part six of my seven-part series about the big changes that have happened since the mortgage meltdown! Today I’ll discuss the Ability to Repay Law and the Qualified Mortgage Rule. Giving loans to people without validating their ability to repay them is called “blind lending,” and this partially contributed to the 2008 market […]