National Mortgage News: Regulators Propose Changes to Consumer Protection Exemptions | Bank of America: Bank of America to Report Second-Quarter 2016 Results on July 18 | Credit Union National Association: CUNA volunteer courses available through online portal | Credit Union National Association: African-American CU Coalition meeting set for Seattle Aug. 4-6 | National Mortgage News: FHFA: Freddie on Track to Use Common Securities Platform | National Mortgage News: Servicers Must Get Current on Flood Insurance Requirements | National Mortgage News: Legal and Settlement Expenses Keep Ocwen in the Red | National Mortgage News: Mortgage Applications Decrease as Refinancing Volume Slows |
Know How to Formulate a System to Complete the Disclosures for Construction Lending.
TILA-RESPA Integrated Disclosure (TRID) has changed the mortgage landscape in many unexpected ways. One of those ways has been with construction and construction-to-permanent loans. Because of a lack of clarity under the rule about how such loans should be disclosed, many lenders have ceased offering the product.
Join Richard Horn in this On-Demand webinar to get answers to your questions on how to disclose construction loans under TRID. Learn how you can disclose construction-to-permanent transactions in a single combined disclosure and in separate disclosures. Horn will also address important parts of the forms such as the Product, Purpose, Loan Terms, Projected Payments, and other TRID calculations.
How to disclose construction-to-permanent transactions on separate and combined disclosures
How to disclose the purpose
How to calculate the P&I payment for the construction phase
How to calculate the Total Interest Percentage and Total of Payments
How to disclose the Loan Terms, Projected Payments, and the AIR and AP tables
Who Should Attend
Real Estate Professionals
*Single User Price. For multiple users please call 1-800-223-8720
RICHARD HORN led the final TRID rule (the TILA-RESPA integrated disclosures) while a Senior Counsel & Special Advisor in the Consumer Financial Protection Bureau's Office of Regulations. He also led the CFPB's design and consumer testing of the integrated disclosures. Richard is one of the forem...
Disclaimer: The content herein does not represent any association between CFPB and Eli Financial LLC. CFPB neither endorses any product of Eli Financial LLC nor warrants accuracy of the content hereto.