We all knew that those extremely low mortgage rates couldn’t go on indefinitely. The time has come for rates to rise but it…
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December 28, 2016
ICYMI – CFPB Introduces the “No Action Policy”
It sounds a little strange. A policy created for no action. It outlines what companies must do to determine if CFPB will not take,…
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December 27, 2016
Alternative Credit: The Opportunities and Challenges
Interesting that someone who does not have what has come to be known as a ‘traditional’ credit score finds it difficult to get a…
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December 22, 2016
Let’s Make Dough
The market shows signs of improving And owners are thinking of moving The mortgage rates are still pretty low…
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December 21, 2016
Be Sure About Day 1 Certainty
Fannie Mae introduced their new Day 1 Certainty program for relief from the reps and warrants related to the verification and reverification of employment,…
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December 19, 2016
Despite Rising Rates Optimism for Housing
Some believe that the rising mortgage rates may spell a real problem for the continuance of a housing recovery. That may be. However, based…
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December 16, 2016
Defect Rates Improve but TRID Still Leads the List
Recent reports from lenders and QC vendors show that overall loan defects are on the decline, including defects related to the TRID rules. This…
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December 15, 2016
How Do Consumers Feel About Housing?
Two recent reports, one by Fannie and another by Trulia, an online marketplace, indicate that consumers may be a little less optimistic when it…
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December 14, 2016
CFPB Still on The Prowl
Don’t look now but among all the talk of the new Trump administration’s defanging of the CFPB, the CFPB has fined three Reverse Mortgage…
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December 13, 2016
Online Applications Present New Challenges
More and more lenders are providing consumers with online capabilities to obtain information about products offered and make application for a mortgage loan. More…
