Recent statistics show that the majority of new renters might not be searching for traditional multifamily housing; instead, they’re renting single-family homes. So is all the multifamily development in vain? That's the question being thrown around with single-family homes still a dominant force in the housing market.
The CFPB left the grace period open-ended and most in the industry interpreted that to mean that it will last throughout the rest of 2015, at least. Unfortunately, as welcome as that grace period is, TRID remains a costly and complicated fix that has enormous implications for the whole industry..
“Bad letters damage the brand,” Katherine Porter says. “There’s a contagion effect of this. I think bad letters are unjust. They disproportionately harm the borrowers we need to help the most.” Read More