Effective September 15, 2017, the three National Credit Reporting Agencies (NCRA) - Equifax, Experian, and TransUnion will be enhancing their ability to report accurate consumer information. As a follow-up to the National Consumer Assistance Plan that was implemented in March 2015, the following ... » Learn More about Changes Coming to Credit Reports That Can Increase Scores
Mortgage Regulations
The Government Regulations & Dodd Frank Miss the Real Target on Avoiding Another Mortgage Meltdown
Instead of the government taking a scalpel to the problems that created the economic meltdown and mortgage backed security issues in 2007, they did a shotgun blast, and missed the target. Yes, there was plenty of blame to go around that created the Great Recession. Banks underwriting not doing ... » Learn More about The Government Regulations & Dodd Frank Miss the Real Target on Avoiding Another Mortgage Meltdown
Lender Fair -California Association of Mortgage Professionals Greater Ventura Chapter May 18
Thursday May 18th there will be a Lender Fair, specifically for loan processionals. I'll be moderating a couple wholesale lender panels applicable to non-Qualified Mortgage loan programs. I'll also be giving an overview of the recent Washington DC & Sacramento Legislation Conferences, and what's ... » Learn More about Lender Fair -California Association of Mortgage Professionals Greater Ventura Chapter May 18
Fed Will Move Rate Higher Sooner, Rather Than Later
Federal Reserve Chair Janet Yellen capped a week of rising expectations about an imminent interest rate increase by explicitly supporting a hike in mid-March if U.S. economic progress persists. There would have to be a major disruption with an economic report, or politically, over the next week, for ... » Learn More about Fed Will Move Rate Higher Sooner, Rather Than Later
HERO and PACE Loans Get a New Disclosure Jan 1 – For Good Reasons
As I blogged and gave presentations on over a year ago (Think Twice About Using a HERO Energy – Water Conservation Financing Program), the PACE (Property Assessed Clean Energy) and HERO (Home Energy Renovation Opportunity) loans pitched by the government and sold by contractors to make energy and ... » Learn More about HERO and PACE Loans Get a New Disclosure Jan 1 – For Good Reasons