Feds Want Lenders To Do Their Jobs
Thursday, April 21st, 2011 Posted in Inside Real Estate | No Comments »Our guvment wants to save us from ourselves. The Federal Reserve Board is proposing new rules under Reg Z that would (gasp!) require lenders to determine a borrower’s ability to repay a mortgage before making a loan. Wow ~ what a concept! According ...
Why No Flyers In The Flyer Box?
Monday, April 18th, 2011 Posted in Inside Real Estate | No Comments »What in the world is so difficult about keeping flyers in a flyer box, anyway? One of the most common complaints I hear from my buyers is that there are no flyers in flyer boxes. My standard practice is to place 50 ...
Boise Home Buyers: When Do You Sign Escrow Papers?
Sunday, April 17th, 2011 Posted in Inside Real Estate | No Comments »I am currently working with buyers from another state who recently asked me how soon they would need to sign escrow instructions after we get an accepted offer. After some thought, I realized that my buyers are leaving an area where ...
Regulators Announce Servicer Enforcement Actions
Friday, April 15th, 2011 Posted in Inside Real Estate | No Comments »As I mentioned in my previous post on April 9th, The Office of the Comptroller of the Currency, Federal Reserve, and The Office of Thrift Supervision have announced formal enforcement actions against 14 mortgage servicers, as well as two firms ...
Mortgage Workforce Numbers Decline
Wednesday, April 13th, 2011 Posted in Inside Real Estate | No Comments »The mortgage industry workforce has declined by 50% since late 2005, according to an article on DSNews.com. The article cites data recently obtained from the Bureau of Labor Statistics. Nationally, the mortgage industry now employs 248,000 employees vs. 500,000 at its peak ...
