It’s that time of year again; St. Patty’s Day, March Madness, and the Annual Regional Conference of MBA’s, held in Atlantic City each year. This will be the 33rd consecutive conference. This year, the meeting will be held from March 13th through the 17th at the new Convention Center in beautiful Harrah’s Marina Casino/Hotel. The conference begins with a Commercial…
Another new term in the world of home financing opportunities. No, not someone who lost a home to a fire, but rather someone who is just plain sick and tired of trying to refinance their home and reduce their debts. Do they now represent the potential for a new wave of refinances in 2016? I think so. (Burnouts) Freddie Mac…
Since the announcement of the new TRID rules, lenders have been working to integrate the use of the two new forms and comply with the requirements for information and fee disclosure. With actual implementation has come a myriad of challenges and problems reported by lenders and closing agents which have been blamed for consumer confusion, increased loan costs, closing delays…
The outlook for housing and mortgage lending in 2016 appears to be somewhat mixed. Home values are stabilizing and increasing in many markets but low inventory makes it difficult for first-time homebuyers to find affordable homes. Interest rates have remained low but refinances have declined and the Fed is still talking about raising interest rates. Fannie and Freddie both project…
If you weren’t sure, you now know who wasn’t responsible for the financial crisis of 2008. According to Richard Cordray, Director of the Consumer Financial Protection Bureau (CFPB), it wasn’t the Credit Unions. I guess it was those unscrupulous Independent Mortgage Bankers, the Mortgage Brokers and the Banks (of all sizes), along with their affiliates, that all contributed to the…
No, it’s not a new undersea adventure to raise the Titanic or find some long lost sunken treasures, it’s the movement by the Agencies and FHA to provide low down payment financing to first-time and low-to-moderate income home buyers. About a year ago, both Fannie and Freddie announced the reinstatement of their 3% down payment loan programs. This was done…
