Wednesday , 21 October 2020

Around The Web

TRID Concerns Linger Despite Recent CFPB ‘Grace Period’ Announcement

By xhevrije Despite the recent announcement from the Consumer Financial Protection Bureau (CFPB) to provide a grace period for servicers attempting to comply in good faith with the TILA-RESPA Integrated Disclosure (TRID) requirements that are scheduled to go into effect August 1, lingering TRID concerns remain. The Association of Mortgage Professionals (NAMB) and other housing associations, requested today in a …

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TRID Concerns Linger Despite Recent CFPB ‘Grace Period’ Announcement

By xhevrije Despite the recent announcement from the Consumer Financial Protection Bureau (CFPB) to provide a grace period for servicers attempting to comply in good faith with the TILA-RESPA Integrated Disclosure (TRID) requirements that are scheduled to go into effect August 1, lingering TRID concerns remain. The Association of Mortgage Professionals (NAMB) and other housing associations, requested today in a …

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Survey Finds Many Homes Sell Within Two Weeks Based on Emotion

By xhevrije Coldwell Banker Real Estate LLC, a San Francisco real estate start-up recently conducted a survey of home sellers and discovered that since 2014, more than one in four sellers nationally sold their home in less than two weeks. Despite the multiple bids and offers a seller may receive, the survey also noted that they are more likely to …

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Third California Lender Fined for LOC Violations

By Jann Swanson Posted To: MND NewsWire For the third time this month a mortgage company, this one in the process of dissolution , has been charged with violating the Loan Originator Compensation (LOC) Rule. The Consumer Financial Protection Bureau (CFPB) said it has ordered Guarantee Mortgage Corporation, a California Mortgage Bank, to pay a civil penalty of $228,000 for …

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Mortgage Applications Increase, According to Survey; Rates Inch Closer to 4 Percent, Zillow says

By xhevrije Mortgage applications increased by 8.4 percent for the week ending June 5, 2015 from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. Last week’s data included an adjustment due to the Memorial Day holiday. The post Mortgage Applications Increase, According to Survey; Rates Inch Closer to 4 Percent, Zillow says …

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Index shows credit loosening since start of 2015

One of the federal government’s goals for the beginning of 2015 was to loosen mortgage credit availability to the marketplace. It appears that the push has been working. An index measuring credit availability shows a continued loosening in credit since January. Read on for the details. Via:: Index shows credit loosening since start of 2015       

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Texas county residents protest increased property valuations

“I will break the windows and burn buildings,” said one property owner in response to a sudden spike in the value of his home in Hidalgo County. Are some homeowners in Hidalgo County, Texas, seeing a $20,000 increase in their property values this year? That’s what residents of this county, who are concerned about the correlating spike in property taxes, …

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