Is it possible rate locks will be eliminated in Mortgage Industry?
The overly ridiculous compliance rules that have been instituted in our industry over the last couple years make me think this might be the case. In an attempt to “protect” …
Blog
Preview of new TILA-RESPA Integrated Disclosure (TRID) going live August 1st 2015
2 new forms Loan Estimate (LE) (replaces GFE & TIL) [contains new total interest paid TIP calculation] Closing Disclosure (CD) replaces HUD-1 LE to consumer w/in 3 days of Application …
Opportunity Knocks as Mortgage Rates Surge Lower 1-6-15
http://www.mortgagenewsdaily.com/reports/mortgage_rates/2015/1/6/1389 All you really need to know is that if you are thinking of buying or refinancing right now (this 1st week of January 2015) has a good chance of …
Hallelujah-Hallelujah President to Announce Reduction in FHA Premiums
FHA Premiums were getting out of control. This is great news for the Residential Real Estate & Mortgage Industry. http://dsnews.com/news/01-07-2015/report-president-announce-reduction-fha-premiums http://www.mpamag.com/mortgage-originator/obama-to-announce-cut-in-fha-premiums-20819.aspx **Post Update** 1-7-15 @ 1:29pm Annoncement of HUD’s plan …
FHA’s current less than
FHA’s policy allowing less than 90 day flip transactions is set to expire at the end of 2014. For less than 90 day flip transactions, only fully executed contracts signed …
Interesting Article on the importance of keeping a competitive landscape in the Mortgage Industry
For all those homeowners, home buyers and Real Estate Agents that think they get a better deal by going to a “Bank” or “Direct Lender” (as opposed to a Mortgage …