Mortgage applications skyrocket more than 25%

Mortgage applications skyrocket more than 25%

Big pre-TRID rush boosted final week of September

Is it OK to gatecrash a Realtor’s open house?

Yes, but only if you follow this Reddiquette

CoreLogic: Home prices rose 6.9% annually in August

Forecasts calls for 4.3% growth by August 2016
Lending / The Ticker

Loan officers commend CFPB lender compensation ruling

The Consumer Financial Protection Bureau decided not to count compensation a lender pays its loan officer employees toward the 3% points and fees cap in the Qualified Mortgage rule, National Mortgage News reports.

"The fact that they are not including compensation paid to a loan officer is huge," said Larry Platt, a partner at K&L Gates. "I think they listened to the industry," he said, and realized that adding LO compensation to the points and fees would have an adverse impact on the availability of credit.

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