It’s spring and a time when a young man’s fancies turns to love, and a Realtor’s and mortgage lender’s fancies turn to the spring buying season. The timing is good. According to study recently released by Nationwide Economics the housing market is the healthiest it’s been since 2001 with less chance of a downturn like we recently experienced (Housing). That’s…
Okay, here’s a new one. Have you heard about this? Your Quality Control audits may work against you in a court of law (Hazardous QC). Wells Fargo may get slammed in court partly as a result of the findings from their internal quality control audit findings. Now, ain’t that a hole in the boat? With all the recent chatter about…
Lately, all the buzz has been about this thing called “Big Data”. What is it and how can it best be used by business to target and attract more customers (Big Data)? Frankly, to me, it all sounds a little scary. Big data is basically all the information being collected about all of us based on what we do over…
Last week there was some rumbling about the possibility of the CFPB extending the start date for the required new TRID rules. Don’t get your hopes up (TRID Rule). CFPB is now making it quite clear that they have no intentions of extending the August 1st deadline. The requirements for the new rules and new forms will take effect for…
As a result of the upcoming TRID changes, and resultant lender liability, word on the street is that many large banks are considering handling the closings of their mortgage loans in house. Although most banks now handle equity line closings in-house, it’s not the same as doing a purchase transaction with a seller, buyer and Realtor involved. There are quite…
Like my high school prom date, I keep getting mixed signals. Is the economy improving or is it not? Will the Fed raise rates this summer or will they hold them at current levels? According to two Fed Chairmen, it still looks as though rates may go a little higher sometime this summer (Rate Hike). Only the Fed knows for…
