TRID — the acronym you’ve never heard of and how it affects you

In October a new set of regulations came into effect for residential mortgages. In the real estate business, they’re commonly referred to as the TRID rules (for TILA-RESPA Integrated Disclosure), and apply to virtually all residential mortgages initiated in the U.S. after Oct. 3rd. The rules, under development for the past few years, were implemented…