I am a reporter for a nationally syndicated real estate section published weekly in newspapers across the country. I’m looking to interview real estate agents, mortgage professionals, and other housing experts for the following article:
WHAT NEW CFPB (CONSUMER FINANCIAL PROTECTION BUREAU) RULE MEANS FOR HOME BUYERS. The CFPB’s new TILA-RESPA Integrated Disclosures (TRID) rule doesn’t go live until August, but lenders are already fretting about compliance and worrying it could make the closing process far more difficult (visit tinyurl.com/paln6v2 for details). This story would explain the new CFPB rules/forms, why they are being put in place, and how they will affect buyers/borrowers, especially at closing. For this story, I’m seeking to interview real estate agents, mortgage pros, and CFPB/TRID experts. Below is a list of questions I’m seeking answers to. I can either conduct a phone or email interview (with the latter, please email me back full-sentence written responses that I can use as quotes). My deadline is noon central time, Tuesday, April 7, 2015.
QUESTIONS:
1. Please explain what the new CFPB TRID rule is exactly and why it is being put into place?
2. What is controversial about the CFPB’s new TRID rule? Why does it have the industry in a stir?
3. In what way will this new rule make it more difficult for home buyers/mortgage borrowers? How will it make it more difficult for agents, lenders, title companies, and any other real estate pros?
4. How will it complicate and/or delay closings in any way?
5. Are there any solutions being discussed/considered that can ease the upcoming TRID rule in any way?
6. Some experts believe the CFPB will extend or postpone its August deadline; do you believe this will happen? Why/why not?
7. What should home buyers/borrowers be preparing for, assuming TRID rolls out as planned by August? How can they best prepare for their closings to ensure a speedier/more expedited process in August and thereafter?
8. Any other thoughts, tips or suggestions on this topic?
9. What is your full name, title, company, city/state location, and email address?