De- Mystify
Mortgage Industry Trends

De-Mystify the Process

If you want to capture the Millennial homebuyers, you may need to provide some upfront education. Studies have found that many of this generation, although being tech savvy, know little about the home buying and financing process (Millennial Knowledge). Millennials are now moving into the home buying stage and will be shopping for their homes and related financing. Most will…

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Got your Six
Mortgage Loan Quality

Who’s got Your 6?

Under the new TRID rules, a lender is required to provide an applicant with the new Loan Estimate, along with other application disclosures, when the lender is in receipt of 6 items from the applicant; the name, address, income, estimate of value, SSN & loan amount. The lender may not require anything additional, including but not limited to, verification of…

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Basketball-Team Work LoanLogics
Uncategorized

There’s No “I” in Madness

This is my favorite sports time of the year. I love the World Series, Super Bowl, the NBA and Stanley Cup Finals. But, for me March Madness takes the cake. In the professional sports, the athletes are pampered and overpaid, playing as much for themselves as they do for their team.  Don’t get me wrong, I cheer just as hard…

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Mortgage Industry Trends

If it Quacks Like a Duck

We all have heard the old saying, “If it looks like a duck, walks like a duck and quacks like a duck; it must be a duck”. Well, this also holds true for mortgage marketing service agreements (MSA). CFPB is taking a long hard look at entities with such agreements and a tough stand on enforcement for what they determine…

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Credit Invisibles
Mortgage Industry Trends

The Credit Invisible Myth

In the never-ending pursuit of more ways to increase homeownership, we now come to another segment of the population which may be deprived of this opportunity. The “Credit Invisibles”, those without a standard credit score (Credit Invisibles).It seems there are between 30 to 35 million consumers who may fall into this category. That’s quite a large number of people being…

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Two Sides to every story
Mortgage Industry Trends

Two Sides to a Story

As is usually the case, there are two sides to a story (sometimes three). Yesterday, we heard about a potential increase in home buyers resulting from renters jumping into the market. Today, we get the other side of the story. Builder confidence is at its lowest levels in quite some time as low rates and an improving economy are not…

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