As Government Affairs Co-Chair for the California Association of Mortgage Professionals (CAMP) I was a California Delegate for the National Association of Mortgage Professionals (NAMB) Legislative and Regulatory Conference. This conference is always educational and productive. We interface with ... » Learn More about Recent Washington DC Legislative Conference
TRID
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
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
Critical Last Minute TRID Information for Realtors – Presentation Friday
A streamlined presentation for seasoned and new real estate agents showing how the “TILA-RESPA Integrated Disclosure” or “Know Before You Owe” rule, effective October 3, will be changing the way realtors will have to negotiate transactions, and conduct business. This is not another overview of the ... » Learn More about Critical Last Minute TRID Information for Realtors – Presentation Friday
TRID Delayed Till October 1
The CFPB just released a statement delaying the full implementation of the complex TILA-RESPA Integrated Disclosure. WASHINGTON, D.C. — Today, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray issued the following statement on the Know Before You Owe mortgage disclosure ... » Learn More about TRID Delayed Till October 1