Economist: TRID is Not Affecting Housing Market Potential DSNews by: Brian Honea January 19, 2016 While November’s substantial decline in existing-home sales was largely attributed to the impact of the TRID, or “Know Before You Owe” mortgage rule, which went into effect on October 3, one economist said the CFPB’s controversial rule is […]
Category: Homeownership
How Successful Has TARP Been After Seven Years?
DSNews BY: Brian Honea January 2, 2016 Saturday, October 3, 2015, marked the seven-year anniversary of then-President George W. Bush signing the government’s Troubled Asset Relief Program (TARP) into law in order to help stabilize financial markets and restore Americans’ confidence in the economy. TARP became law in 2008 at the depth of the financial […]
Fannie Mae Change Aimed at Helping More Struggling Borrowers Avoid Foreclosure
DSNews By: Brian Honea December 7, 2015 The GSEs have made helping families avoid foreclosure one of their top priorities since the start of the housing crisis, and Fannie Mae just announced an update to support a policy change to assist in that initiative. Fannie Mae announced it has updated its Servicing Management Default Underwriter […]
Borrower Outreach Events Proving Successful at Preventing Foreclosures
DSNews BY: Brian Honea November 17, 2015 Foreclosures have been continually on the decline nationwide for a few years. While much of the decline can be attributed to a recovering economy, another driver of the drop in foreclosures is increased borrower outreach efforts from various organizations. Borrower outreach events include HUD-approved housing counselors and mortgage […]
CUNA Asks CFPB to Delay TRID Effective Date Until January 1, 2016
DSNews By: Brian Honea The Credit Union National Association (CUNA) has asked the Consumer Financial Protection Bureau (CFPB) to delay implementation of the TILA-RESPA Integrated Disclosure (TRID) Rule, also called the Know Before You Owe Mortgage Rule, until January 1, 2016. CUNA, which represents America’s credit unions and their more than 100 million members, issued […]
What’s a Home Worth? A View From the Other Side of the Table
DSNews By: John B. Montalbano June 19, 2015 As a mobile notary, like McDonald’s, I have served millions and millions. I have met homeowners grateful they will lower their mortgage payments by hundreds of dollars or get rid of high interest credit, or finally in retirement able to afford that dream vacation. Most exhilarated and […]
Senator Proposes Legislation to Help Underwater Borrowers Avoid Foreclosure
DSNews By: Brian Honea June 19, 2015 U.S. Senator Bob Menendez (D-New Jersey) has proposed legislation that will help underwater homeowners avoid foreclosure and remain in their homes, according to an announcement onMenendez’s website. The Preserving American Homeownership Act is intended to help the estimated 5.1 million Americans who are underwater, or owe more on […]
Presidential Candidates Urged to Address Housing Crisis on Campaign Trail
DSNews By: Brian Honea June 15, 2015 A former U.S. Senator and a former U.S. Department of Housing and Urban Development Secretary combined to urge 2016 presidential candidates to address the issues of a lingering American housing crisis. In a piece published as a Fox News Opinion earlier this week, Scott Brown, a […]
Flood Insurance Effective April, 2015
As required by HFIAA, the maximum deductible for a flood insurance policy will increase to $10,000 for single-family and two- to four-family dwellings. If used, the deductible must apply to both building and contents. For single-family homes, choosing the maximum deductible will result in up to a 40 percent discount from the base premium. It […]
Economists Predicting Good News for Job Market, Housing
DSNews Author: Brian Honea February 13, 2015 A survey conducted among economists by theFederal Reserve Bank of Philadelphia on economic growth in the United States released on Friday revealed that predictions have been revised upward for the labor market – which means good news for the economy and for housing recovery. The Philadelphia Fed […]
