BY: Rodney Brooks, Coloradoan November 5, 2014 It was different back in the day. You worked 30 years, got a watch and a pension. Your health care was probably provided by your company’s retiree insurance plan, or even your union. And a highlight of retirement was the ceremonial burning of the mortgage […]
3 lessons learned from the mortgage rate drop
BY: Diana Olick of CNBC, November 5, 2014 Mortgage rates are back to the highest level in a month, and if news from the U.S. economy stays positive, they could edge ever higher. While the brief drop a few weeks ago, due to concerns over global economic growth, may already seem like a distant memory, we […]
A New Era Of Compliance: Exploring RESPA-TILA And Navigating Change
From The Orb – Blog View by Leonard Ryan BLOG VIEW: Aug. 1, 2015, looms for mortgage lenders across the nation. With less than 10 months remaining until the Consumer Financial Protection Bureau’s (CFPB) new go into effect, lenders and vendors alike are kicking their preparations into high gear.Having a keen understanding of what’s ahead is more important than ever. […]
Banks and loan services liable for improper handling of loan modification requests
SunCoastToday.com By Bob Feingold 11/5/2014 The U.S. District Court ruled last week that a pattern of delay and evasive and erroneous responses to a consumer requesting a loan modification under the Home Affordable Modification Program (HAMP), can be the basis for a lawsuit under Massachusetts General Law Chapter 93A, the Consumer Protection Statute. Hanrahran v. […]
LIsa Pusateri recognized by NAMB for her Highest Ethical Standards
Lisa Pusateri has demonstrated a strong commitment to achieving the highest ethical standards in the mortgage business!
Existing Home Sales Reach Highest Peak in 8 Months
DSNews BY: Tory Barringer July 22, 2014 Existing-home sales in June touched their highest level so far this year as the supply of available homes for sale continued to improve. The National Association of Realtors (NAR) reported a 2.6 percent month-over-month rise in existing-home sales last month to a seasonally adjusted annual rate of 5.04 […]
Neighborhoods try to escape the shadow of foreclosures
Citizens Times BY: Don Davies July 13. 2014 Five years after the Great Recession, fewer homeowners are falling behind on mortgages and losing their houses. Buncombe County is down to 248 foreclosure filings so far this year, from the peak of 1,376 in 2010. But Tom Luzon is still worried. […]
Freddie Mac Sees Bittersweet Economic Outlook
DSNews BY: Derek Templeton July 22, 2014 Some things are meant to be a little sweet and a little bitter. They’re just better that way. Semi-sweet chocolate and sweet and sour sauce, just to name a few are some of the finest flavors known to man. Unfortunately, the mixture of bitter and […]
Mortgage Rates Continue to Slip
Mortgage rates have yet to find their bottom in 2014, dropping again this week to their lowest level since last October. In its weekly Primary Mortgage Market Survey, Freddie Mac recorded the average rate for the 30-year fixed-rate mortgage (FRM) at 4.14 percent (0.6 point), down from 4.20 percent last week. Last May, the 30-year fixed was at […]
Economy and Housing Market Projected to Grow in 2015
The good thing about economic recovery, even when it’s not living up to expectations, is that forecasters always remain optimistic for tomorrow. Despite many beginning-of-the-year predictions about spring growth in the housing market falling flat, and despite a still chugging economy that changes its mind quarter-to-quarter, economists at the National Association of Realtors and other industry groups expect an […]
