Category Archives: Mortage

Good News for the title and mortgage industry

Home lending set to bounce back in 2015

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Bank of America joins Wells Fargo in decision to prepare the closing disclosure form

Bank of America Announcement: Bank of America continues to prepare for the Consumer Financial Protection Bureau’s (CFPB) Integrated Mortgage Disclosures rule under the Real Estate Settlement Procedures Act (Regulation X) and the Truth In Lending Act (Regulation Z) that go … Continue reading

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House passes HR 3211 the “Mortgage Choice Act”

On June 9, the U.S. House of Representatives unanimously passed H.R. 3211, the Mortgage Choice Act of 2013.  The bill, sponsored by Rep. Bill Huizenga, R-Michigan,  specifically exempts fees paid to businesses affiliated with the lender, such as title companies, from … Continue reading

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Are ARM loans making a comeback?

Interesting article on ARM loans from the Wall Street Journal. http://online.wsj.com/news/articles/SB10001424052702303546204579439171591130740?mod=WSJ_RealEstate_RIGHTTopCarousel&mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB100014240527023035462045

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Qualified Mortgage and Ability to Repay Rule aim to aide consumers

The Qualified Mortgage Rule, which includes the new Ability to Repay requirements became effective today.  This article gives a good overview of the rule and what outcome it might have on the mortgage industry. http://www.usatoday.com/story/money/business/2014/01/09/qualified-mortgage-borrowers-consumer-protection/4361281/

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The Qualified Mortgage (QM) Rule goes into effect tomorrow January 10th…

Here is some good news from the lending community… http://www.nationalmortgagenews.com/features/Lenders-Are-Not-as-Worried-About-Interruption-from-QM-Rule-1040553-1.html

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Good news for the housing market…

http://www.bloomberg.com/news/2013-12-18/builders-began-work-on-most-u-s-homes-in-more-than-five-years.html

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Mortgage rates on the rise but still good deal for home buyers…

http://www.bloomberg.com/news/2013-11-14/u-s-mortgage-rates-climb-for-a-second-week.html

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