Home sales ride out stock market roller coaster

Despite the recent volatility of the stock market, the U.S. economy is growing and the job market continues to improve, and home sales are holding steady, according to the National Association of Realtors’ (NAR) Pending Home Sales Index (PHSI) for July …

Lenders One identifies top 3 concerns of mortgage professionals

Heading into the home stretch of 2015, which will be marked by significant changes brought about by the Consumer Financial Protection Bureau’s (CFPB) highly anticipated TILA-RESPA Integrated Disclosures (TRID) rule and a potential Fed interest rate hike, mortgage industry professionals are carrying around a great deal of optimism for the near term. That’s the sentiment expressed by Daniel Goldman, interim CEO of Lenders One, the nation’s largest mortgage banking co-op …

Guaranteed Rate’s online mortgage application process attracts thousands

If you have watched any television lately, you may have seen “Extreme Home Makeover” host and home improvement expert Ty Pennington stumping for Guaranteed Rate in commercials, touting the mortgage lender and technology company’s “low, low mortgage rates.” …

Poor credit scores are bad for mortgage rates — and homeowners insurance rates, too

Many homebuyers are aware that having certain credit scores may affect their mortgage interest rate, but how will their credit situation affect other payments like homeowners insurance? According to a recent insuranceQuotes.com study, homeowners with p…

The real reasons millennials aren’t buying homes: Part 1

Many experts have argued that affordability, student loans, or fear of being tied down are the primary reasons millennials are not buying homes. The real reasons, however, might be quite different from what the conventional wisdom suggests …

So you’re prepared for TRID, but what about your clients?

So you’ve spent the last 23 months preparing to comply with the Consumer Financial Protection Bureau’s new TILA-RESPA Integrated Disclosures rule, or TRID, which takes effect on Oct. 3. But what about your clients? …

7 TRID facts that every real estate agent should know right now

With about six weeks to go before the Consumer Financial Protection Bureau’s (CFPB) TILA-RESPA Integrated Disclosures (TRID) rule takes effect, the bureau is offering guidance, resources and tips to help real estate agents and brokers prepare to comply with the new regulation …

Could electronic John Hancock be key to TRID compliance?

The CFPB’s TILA-RESPA Integrated Disclosure (TRID) rule is about to take effect, and the e-delivery of mortgage disclosures is taking center stage. An increasing number of lenders and brokers are turning to e-signature technology as a secure and compli…

If you want to buy a house, it matters if you’re black or white

A new study by researchers at Florida Atlantic University (FAU) finds “widespread” racial disparity in what black and white borrowers pay for mortgage rates. Racial discrimination in mortgage lending is unfortunately not a new topic, as many studies have examined whether minority mortgage applicants are more likely to be denied access credit than Caucasians …

Tactile Finance finds opportunity in CFPB’s PMI bulletin

A compliance bulletin recently issued by the Consumer Financial Protection Bureau (CFPB) directing mortgage servicers on the proper way to charge homeowners for private mortgage insurance (PMI) has provided a new opportunity for Tactile Finance, a Web-based technology company that provides homeowners with a “360-degree view” of their mortgages …