Capitol Hill has struck a conservative housing finance position in early recovery.

Rules and regulation have become the norm in housing policy with last year's "Know Before You Owe" or TRID continuing the trend last year. CoreLogic policy expert Faith Schwartz takes a look at the effect of TRID as well as the future of housing finance.

Schwartz highlights the importance of data and what the Consumer Financial Protection Bureau hopes to accomplish: 

Using data to achieve transparency and accountability is also the game plan behind the new Home Mortgage Disclosure Act (HMDA) reporting rules. That massive data pull is a big effort for lenders to comply with currently, and will become even more so with new transparency mandates. But the Bureau’s intention is clear: full pricing and credit transparency for nearly every mortgage loan originated.

Head over to CoreLogic to read more on housing finance in 2015 and what lies ahead for 2016 and beyond:

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