TRID is the new federal consumer disclosure law that’s turning the real estate industry on its head. TRID will significantly change the way a mortgage lender discloses to consumers the …
“QM” Threatens to Change Mortgage Lending As We Know It.
As the real estate industry continues to claw its way back from the Great Recession, the federal government continues to add obstacles. On January 10, 2014, yet another regulation will become …
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Changes to Flood Insurance Requirements May Be Around the Corner
(Originally published 12/04/12.) It’s been a while since I checked my crystal ball. To be honest, its predictions have sometimes been fuzzy or even downright wrong. Nevertheless, when I …
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Want to Refinance? Here Are The Sneaky Little Secrets Your Bank Won’t Tell You.
(Originally published October 23, 2010) Interest rates are currently at historic all time lows. And homeowners are again thinking about refinancing their mortgages. During these times, banks …
Be Weary of Continuing Reform. Government “Cures” Often Do More Harm Than Good.
(Originally published May 1, 2010.) Whenever the Government promises to “fix” a problem, it’s usually cause for concern. Recent changes to the real estate industry have all been implemented with …
Seller-Funded Buydowns Are Helping Sell Homes!
(Originally published April 10, 2010.) Today’s difficult real estate market faces many challenges: A large inventory of unsold homes has caused price stagnation. Distressed sales are putting …
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