I've been saying it for years when I give credit seminars, I recommend that everyone pulls their own credit from the credit bureaus once a year to verify the accuracy of the information in the system, but ignore the credit scores they supply. I've been calling those scores "toys". Now the ... » Learn More about TransUnion and Equifax Fined for Giving Consumers Useless Credit Scores
Dodd Frank financial regulations
Break Up The Big Banks – Political Rhetoric or Reality?
The general political rallying cry of "break up the big banks" is an obsolete statement, and as retired Democratic Congressman and Financial Services Committee Chairman Barney Frank put it on CNBC the other day, “they don’t know what they’re talking about”. Barney Frank was one of the architects ... » Learn More about Break Up The Big Banks – Political Rhetoric or Reality?
A Sample of Pending California Real Estate Legislation
As a Government Affairs Chair for the California Association of Mortgage Professionals I was recently in Sacramento advocating for the consumer of housing, discussing housing issues and pending legislation with our state Senators and Assembly Members. One thing of interest, our representatives in ... » Learn More about A Sample of Pending California Real Estate Legislation
Where New Bubbles are Being Formed, and the Affect on the Housing Market
As a follow up to the presentation “The Big Short, the Housing Bubble and Subsequent Mortgage Meltdown Explained", this presentation will cover the history of governmental policies, where new bubbles are being formed, and the future of the local housing market. Ron Henderson President / Broker ... » Learn More about Where New Bubbles are Being Formed, and the Affect on the Housing Market
TRID Violations Found in 90% of Recently Reviewed Mortgages per Moody’s
Here's an article from Housingwire giving an update on how the first month of the TRID implementation went. The CFPB says it was no problem. The secondary money market says 90% of the loans have technical and execution issues. Considering how the the CFPB has been penalizing lenders for technical ... » Learn More about TRID Violations Found in 90% of Recently Reviewed Mortgages per Moody’s