media-truth-trid
Mortgage Compliance

TRID Delays: Headlines Can Be Deceiving

As we all well know, sometimes the headlines are written to grab our attention but the story reveals something a little different. Take the headline on this article appearing in last Tuesday’s MBA NEWSLINK; “Survey: Consumers Still Report Slower Closings, ‘Surprises’ Under TRID” (Survey). This headline would lead one to believe that closings are being delayed, and consumers are being…

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Free-Training-USDA
Uncategorized

FREE USDA Training Opportunity

It is rare these days to have one of the Federal Government’s Housing Agencies (HUD, VA and USDA) offer in-depth technical training geared towards underwriters and loan processors that will result in a better understanding of the rules and regulations in effect for the programs that they administer. One such opportunity is now available to anyone interested in USDA’s Single…

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Uncategorized

There’s More to Do Than Gamble in AC

I’m attending the 33rd Annual Regional Conference of Mortgage Bankers Associations at Harrah’s new convention center in Atlantic City. Nice place. The residential segment opened yesterday with Barry Habib, Chief Market Strategist of Residential Finance Corp., giving his forecast for interest rates, what will happen to affect them and where the lending opportunities may be in 2016. A great start…

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What-you-need-to-know
Mortgage Compliance

FHA’s Revised Loan Level Certification – What Lenders Need to Know

Yesterday, HUD has officially rolled out their revised 92900-A Form which will be effective for loan transactions that obtain their FHA case numbers on or after August 1, 2016 (Mortgagee Letter 2016-06). In comments accompanying this Mortgagee Letter, Ed Golding, Principal Deputy Assistant Secretary for Housing, stated that “FHA is clearly identifying what lenders will be held accountable for –…

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