The Consumer Financial Protection Bureau (CFPB) has released the parameters of a major regulation dictated by the 2010 Dodd Frank Wall Street Reform & Consumer Protection Act. Even though the features of the Qualified Mortgage (QM) regulation will curtail the making of risky loans, the lenders ... » Learn More about The CFPB Issues the Qualified Mortgage (QM) & Ability to Pay Rules (First of Many)
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The New Frontier – Housing Built By Robots
http://www.youtube.com/watch?v=Sn1l4IUA1Vo&feature=youtu.be[/youtube At some point in the foreseeable future, housing construction will be transitioning to a computerized process from human contractors. Several years ago Dr Behrokh Khoshnevis, a USC professor of industrial and systems ... » Learn More about The New Frontier – Housing Built By Robots
Fiscal Cliff Deal Provisions Good for Housing
The signed off Fiscal Cliff provisions are good news for real estate. Specifically the Mortgage Debt Relief Act of 2007 has been extended. If it wasn't extended, it would have effected all homeowners who will be involved in a short sale transaction, or having a loan modification resulting in a ... » Learn More about Fiscal Cliff Deal Provisions Good for Housing
Santa is Upset Over Loan Conditions on His Refi…
We have just received notice from the North Pole that all those in the lending industry will not be receiving presents this year. Apparently Santa IS UPSET!!! He is currently working on a refinance that was set to close yesterday and the lender added conditions... As he stated to us, He has had it ... » Learn More about Santa is Upset Over Loan Conditions on His Refi…
FHA Commissioner Promises Sen. Corker Expansive FHA Reforms
As expected, there will be numerous guideline changes coming to FHA insured loans early 2013... Via National Mortgage News U.S. Sen. Bob Corker (R-TN), a member of the Senate Banking, Housing and Urban Affairs Committee, has announced that after securing a commitment from Federal Housing ... » Learn More about FHA Commissioner Promises Sen. Corker Expansive FHA Reforms