It’s been said that we’re in a seller’s market right now, but it appears that some sellers may be taking that belief a little too far. Overpricing a home could drive away many potential buyers, especially those with limited credit access. Not all of us can get jumbo loans.
Builder confidence in the 55+ housing market showed continued improvement in the third quarter of 2013, compared to the same period a year ago, as buyers and renters were attracted to more desirable communities.
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
The answer may be found somewhere between commandeering the entire process and “throwing it over the fence.” For lenders, paying more attention to the source of the data and information used in finalizing settlement (title searching, valuation and the like) could hold the key. This means data reporting collected in a more robust, accurate and verifiable fashion. Read More