The debate rages on. Who will really benefit from the current tax reform proposals? Some say the rich, some say the middle class, and others say the big corporations. Maybe, it’s all three. One big question revolves around the elimination of the SALT deductions. Critics argue this is “double taxing” that would hurt the middle class. Others say, not so…
It seems some may still be a little confused on how to disclose and treat seller credits, according to the results of some of the reviews we do here at LoanLogics. TRID requires a lender to provide a good faith estimate of the fees that may be charged to, or imposed on, the borrower. That means that any fee disclosed…
As the Rolling Stones sang, “If you try sometimes you might find you get what you need.” If Brian Montgomery is confirmed by the full Senate as the new FHA Commissioner, and it is reported he will be, Realtors and mortgage lenders are looking for FHA to reduce their mortgage insurance premiums. He may try but it appears he may…
According to a survey of mortgage banking executives, conducted at the MBA National Convention in Denver by Genworth Financial, there’s some good news on the home buying front. The survey results indicate that we’ll see the first-time home buyer segment of home purchases growing at a faster pace than other home sales. According to respondents: 57% see the first-time buyer’s…
Based on what we hear from the news media, it seems that President Trump just can’t do anything right. No matter what the situation or decision, it’s reported that he gets it all wrong. Turns out that maybe one of his first decisions after taking office was a good one. He suspended the outgoing administration’s move to further lower the…
Move over Trulia, Redfin, Zillow, and Realtor.com. There’s a new listing site in town. Facebook, the world’s largest social interaction site is jumping into the rental housing listing business. Facebook is seriously expanding their real estate section of their Marketplace teaming up with Zumper and Apartment List.com to list available rental units there. This is their challenge to existing sites…
