The Consumer Financial Protection Bureau will not delay implementing the complex TILA-RESPA Integrated Disclosure requirements that go into effect Aug.1, but there will be a good-faith enforcement grace period that both the mortgage industry and a bipartisan coalition in Congress have asked ... » Learn More about CFPB will grant grace period on TRID enforcement
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2nd Lein Stripping in Chapter 7 Bankruptcies Rejected by the Supreme Court
A Chapter 7 bankruptcy proceeding may not void a junior mortgage lien when the debt owed on a senior mortgage lien exceeds the current value of the collateral if the creditor’s claim is both secured by a lien and allowed under the bankruptcy code. This technique was disallowed by the Supreme Court ... » Learn More about 2nd Lein Stripping in Chapter 7 Bankruptcies Rejected by the Supreme Court
Bill May Give Some Temporary Relief From New TRID Disclosure
It’s well known that the majority of the real estate and finance industries are not fully prepared for the impact of the upcoming Truth in Lending/RESPA Integrated Disclosure (TRID). As a Delegate from California at the National Association of Mortgage Professionals Convention in April, one of ... » Learn More about Bill May Give Some Temporary Relief From New TRID Disclosure
California Housing Construction Not Keeping Up With Population Growth
California housing costs will remain high going into the future. It's a matter of supply and demand. Even though the quantity of new housing construction permits have been going up over the past few years, the quantity is no where close to where it needs to be to house the household growth of ... » Learn More about California Housing Construction Not Keeping Up With Population Growth
How a Credit Score Affects a Mortgage and How to Improve your Score
The old 680 is today's 740... Income is one of the parameters used to qualify for a mortgage, but the rate and loan to value will be determining factors what your interest rate will be. I'll be conducting another workshop this Saturday May 16 for the Economic and Financial Education Council on how ... » Learn More about How a Credit Score Affects a Mortgage and How to Improve your Score