The Consumer Financial Protection Bureau is doing a booming business – in consumer complaints. The agency logged nearly 164,000 of them last year, nearly double the 90,000 processed the previous… Read More »
RAPID GROWTH
The Federal Tax Rules, (not the rules themselves, but the IRS explanation of the tax code and the regulations implementing it) now totals 74,608 pages — 34,108 more than in… Read More »
FAST CASH
All-cash home purchase transactions and those on which buyers make higher down payments close more quickly than those financed by low-down payment loans. Mortgage underwriting glitches pose the biggest obstacle,… Read More »
Federal bank regulators have made it clear that they will hold financial institutions responsible for the actions – and lapses – of the vendors with which they do business. This… Read More »
The Washington state Supreme Court has held that a title insurance underwriter may be liable for the allegedly illegal marketing activities of one of its agents. Although Washington state’s restrictions… Read More »
The CFPB has published a new consumer guide explaining the “ability to repay” and “qualified mortgage” rules and offering advice to consumers on how to take advantage of the protections… Read More »
The CFPB has published the final rules implementing the new “Integrated Mortgage Disclosures.” The rules, which take effect August 1, 2015, replace the RESPA Good Faith Estimate and HUD-1 disclosures… Read More »
The Consumer Financial Protection Bureau has requested comments on the closing process – specifically, how it might be improved. An article by Joe Drum, WFG’s executive vice president in charge… Read More »
Can mortgage rates predict the Super Bowl winner? HSH, an analyzer of mortgage data, thinks so. The company notes that in the divisional playoffs, the team from the city with… Read More »
Some housing analysts have blamed low household formation rates ─ the result off limited job prospects for young adults ─ for scaled-back projections of future home buying demand. Birth rates… Read More »