Lunch & Learn: The State of Housing

As housing supply dwindles, affordability concerns grow while competition heats up the market. This Lunch & Learn will examine the current state of housing, featuring experts who have an eye on the market.

HousingWire Annual Virtual Summit

Join us on October 25 for a chance to see a handpicked selection of sessions from HousingWire Annual along with technology demos from the most innovative tech companies! Register now for FREE to experience HW Annual just like you were there.

How credit scores impact lenders’ pipelines in a purchase market

When a lender works with a borrower to improve their credit score, they are able to offer the most competitive rate and terms. Learn more here!

Volly’s Grant Moon on challenges facing veterans

In this episode of HousingNews, we are joined by Grant Moon who discusses the difficulties veterans face during the home-buying process and misconceptions about VA loans.

Mortgage

Are you planning to buy or sell a home in August?

TILA/RESPA mortgage regulations likely to impact time to close

While the industry is bracing for the impact of the Consumer Financial Protection Bureau’s new TILA/RESPA rules coming Aug. 1, future buyers and sellers might want to reconsider when they choose to sell their home, choosing to push the process up or back several months. 

Stonegate Mortgage Corporation Founder and CEO Jim Cutillo explained in an interview that the rules will be very disruptive when they are implemented in August 2015.

Cutillo said that the industry has concerns. Not as a regulatory concern, but instead from a systems perspective and what it means to the consumer, the lender and everyone involved.

And the title industry will likely feel the biggest impact. “On a go-forward basis, you could see fundamental changes on how lenders engage title companies,” he noted.

But at the end of the day, it will be the consumers who may feel the biggest impact as it will take longer for to get a home loan closed, Cutillo explained. 

Stonegate is working to make sure borrowers are aware of the coming changes, Cutillo said, including making educational videos.

Right now, Stonegate closes in 23 days or less in some cases, but with the changes, the vast majority of loans will be extended by at least 15 days, even with certain precautions to mitigate delays by doing things electronically. 

3d rendering of a row of luxury townhouses along a street

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