Either toppling current market logic on its head, or demonstrating just how powerful the pull of housing markets in California, Florida, Nevada and Arizona really is -- depending on your viewpoint -- First American CoreLogic said today that its LoanPerformance Housing Price Index found annual price gains during November in 31 U.S. states.
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