Month: October 2015

It’s Getting Easier and Faster to Close on a Home Loan

More people are being approved for home loans, and a higher percentage of them are closing on those loans, according to a report recently released by Ellie Mae, the mortgage loan automation software company. The report could be proof that efforts by government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, to open up the “credit …

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Will the White House Veto a Formal Grace Period for TRID?

Last week we took a look at the launch of the new consumer protection measure for mortgage borrowers put in place by the Consumer Financial Protection Bureau (CFPB), called TRID. It went into effect October 4, and many in the industry predicted that the new requirements related to TRID would cause an initial slowdown in …

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Will TRID Simplify the Home Buying Process?

The Consumer Financial Protection Bureau (CFPB) rolled out its new mortgage borrower protection rule this week, TRID, or the TILA-RESPA Integrated Disclosure. TRID does exactly what it says it will do; it essentially integrates two forms created separately under the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act of 1974 (RESPA) …

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How Millennials Can Afford to Live in Southern California

Millennials, the generation born between 1980 and 2000, are now twenty and thirty-somethings, and they are starting to take over. They are the social media generation, the multi-tasking, hashtagging generation, often stereotyped as having a short attention span and a large sense of entitlement. That’s not all there is to millennials though. They are also …

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