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Borrower Do’s & Don’ts

from Mortgage News Daily

We’ve previously explored homebuyers’ “Do’s and Don’ts” and uncovered some vital tips that help or hinder the home buying process. In today’s special edition, we examine hints for successfully coping with TRID (the new TILA-RESPA Integrated Disclosures rules that go into effect this weekend).  As always, the “Do’s” contain very real helpful points to avoid closing delays, while the “Don’ts” offer a somewhat satirical look at potential (but hopefully improbable) real life situations that will complicate or delay closings, particularly given TRID’s stringent new requirements. (more…)

Will it be a Seller’s Market in 2016?

from Housing Wire

The majority of Lenders One mortgage banker members (60%) expect 2016 will be a sellers’ market and the vast majority (89%) of members believe the market could weather a possible interest rate increase this fall. (more…)

Know Before You Owe

from Consumer Finance Protection Bureau

Real estate professionals are trusted resources for people choosing to buy a home. New rules taking effect will change your clients’ home buying experience. Since clients turn to you for help, we’re providing you with this guide to explain the Consumer Financial Protection Bureau’s (CFPB) Know Before You Owe mortgage initiative. (more…)

Are You Prepared for TRID?

from National Mortgage Professional Magazine

Mere months remain before the implementation of the TILA-RESPA Integrated Disclosure (TRID). As lenders work to revamp processes and policies, and technology providers wrap up upgrades to their systems, the extent of the operational impacts remain unclear. We do know they will be extensive, potentially costly and absolutely necessary. The Consumer Financial Protection Bureau (CFPB) has made it clear that institutions will be expected to comply with the new rules on the Aug. 1, 2015 effective date. (more…)

Home Closing 101

from Home Closing 101

Buying a house is an exciting time. Learn what it takes to get the keys to your home and why you should purchase an owner’s title insurance policy to protect your property rights. (more…)