I was glad to see so many of our members at our 2015 Annual Convention in San Diego this week. Nowhere else do more than 4,500 leaders in the real estate finance industry come together to learn from one another and survey the regulatory and lending landscape.
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