Why did the CFPB delay TRID — and how are loan origination systems preparing?

After the Consumer Financial Protection Bureau (CFPB) decided to delay implementation of a new rule that will affect the homebuying process, many industry players wondered what was behind the decision. The CFPB had remained insistent that the Aug. 1 implementation date of its new TILA-RESPA Integrated Disclosures (TRID) rule would remain, despite pleas from trade associations to either delay the rule or implement a "hold harmless" period …