C.A.R. Finance Helpline Relevant News on Flipboard

By Sara Sutachan | Relevant news pertaining to real estate finance.

Lenders One identifies top 3 concerns of mortgage professionals

Takeaways: The nation's largest mortgage banking co-op held its biannual member conference in early August. Interim CEO of Lenders One, Daniel …

Mortgages

Online mortgage platform claims to take consumers from application to approval in 20 minutes

Takeaways: Guaranteed Rate has averaged about 500 leads per day for its new Digital Mortgage product. The online mortgage loan application process …

Mortgages

How well do you understand your credit score? Take this quiz

The world of credit scores if often misunderstood, which is not a good thing since scores play a large role in whether or not you will qualify for a …

Credit Scores

Freddie Mac: China volatility pushes interest rates lower

Fixed mortgage rates declined to their lowest levels since May of this year due to ongoing global volatility out of China, with the 30-year …

Asia

Mortgage rates fall to lowest level since May

WASHINGTON (MarketWatch) -- Market turmoil has pushed the benchmark mortgage rate to the lowest level since May, mortgage buyer Freddie Mac said Thursday. The 30-year fixed-rate mortgage averaged 3.84% for the week ending Aug. 27, down from 3.93%. The 15-year fixed-rate mortgage averaged 3.06%, …

Mortgages

Fannie Mae just made it easier to get a mortgage

The government is once again expanding access to credit in an effort to capture a wider audience by making homeownership more available through Fannie

Mortgages

So you're prepared for TRID -- but what about your clients?

Takeaways: Are your clients aware of how the TRID regulation affects the closing process? But if this is not their first rodeo, you will need to …

Mortgages

4 Misconceptions buyers have about down payments

When consumers begin to consider homeownership, they often get stuck at the down payment. However, many buyers, especially first-timers, subscribe to …

Loans

Know Before You Owe: Information for real estate professionals > Consumer Financial Protection Bureau

Smooth and on-time closings

To help you prepare your clients, we highlight five areas you may want to focus your attention on.

New disclosures …

Real Estate

The two most harmful words in real estate

What pops into your head when you hear the phrase affordable housing? Low-income households? Low-cost housing structures? Complicated homebuyer …

Real Estate

Seriously underwater homes plateau, equity-rich homes decrease

Are you set up for success in 2016? Join 2,500 real estate industry leaders Aug. 4-7, 2015, at Inman Connect in San Francisco. Get Connected with the …

Real Estate

TRID changes: Realtors should expect longer closings, walk-through tweaks

Are you set up for success in 2016? Join 2,500 real estate industry leaders Aug. 4-7, 2015, at Inman Connect in San Francisco. Get Connected with the …

Real Estate

Mortgage defaults are up, but analysts aren't concerned

Are you set up for success in 2016? Join 2,500 real estate industry leaders Aug. 4-7, 2015, at Inman Connect in San Francisco. Get Connected with the …

Mortgages

What Gay Marriage Ruling Means for Mortgages

The Supreme Court decision making same-sex marriage legal nationwide could boost mortgage demand as it provides gay and lesbian couples with more …

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2015 Low Down Payment Buyer Affordability & Accessibility Analysis | Newsroom and Media Center

90 Percent of U.S. Markets Analyzed Still More Affordable than Historic Averages;
Average Down Payment Program Benefit – $10,443

IRVINE, Calif. – June

How to talk to millennials about money

Millennials get a bad rap. The term itself has become synonymous with “distracted” — a quality perhaps best embodied by the infamous selfie stick. Not surprisingly, appealing to millennials in financial matters can be difficult.

Patrick O’Shaughnessy, CFA, principal and portfolio manager at …

Money

CFPB changes TRID effective date — again

The Consumer Financial Protection Bureau today issued a proposed amendment to the Know Before You Owe mortgage disclosure rule, which proposes to move …

CFPB Delays TRID Two More Days to Schedule Saturday Launch

The Consumer Financial Protection Bureau's new mortgage disclosure rules will now take effect Saturday, Oct. 3, two days later than the previously …

Down payment assistance website offers gold mine for potential buyers

Although 87 percent of homes qualify for down payment assistance, many potential homebuyers have no idea that they may be eligible for programs that …

CFPB will push TRID implementation to Oct. 1

After months of denying requests from real estate, mortgage and settlement service industry professionals and trade groups to either delay …

CFPB moves TRID date to Oct. 1

The Consumer Financial Protection Bureau announced on Wednesday a proposal to delay the effective date of the TILA-RESPA Integrated Disclosure rule …

Government

TransUnion: 1.5M hit by mortgage crisis can re-enter housing market in next 3 years

More than 1.5 million homebuyers negatively impacted by the financial crisis could potentially re-enter the mortgage market in the next three years, …

CFPB throws real estate industry a bone on Aug. 1 enforcement — sort of

Takeaways: New TILA-RESPA Integrated Disclosures (TRID) regulations will take effect Aug. 1 Congressional lawmakers have requested a four-month "hold …

Discovering a down payment assistance program that can help more homebuyers

Many homebuyers have become overwhelmed by all the questions to ask before jumping into homeownership -- especially first-time buyers and those who …

Understanding the CFPB and its closing disclosure: Part 3

Takeaways:

Why three days really means seven.• 
Who does the preparation burden fall on for Closing Disclosures?
• 
What happens when errors occur?
• 
The

Understanding the CFPB and its closing disclosure: Part 2

Takeaways:

What’s the purpose of the Closing Disclosure?• 
What are the exceptions?
• 
What does that mean in practice?

The broad scope of the Consumer …

Understanding the CFPB and its closing disclosure: Part 1

Takeaways:

What’s the CFPB?• 
What’s the ability-to-pay rule?
• 
What happens when that rule is violated?
• 
What does it have to do with the new Closing

RIVERSIDE: DA’s office to hold meeting on HERO loan issues

Tamara Hunter, of French Valley, signs final refinancing documents at the dining room table after a months-long process and one she said would not …