Monthly Archives: January 2014

Strong Mercer County real estate market bolstered by low unemployment rate

Written on January 29, 2014 at 5:40 pm

Local business leaders gathered for a Princeton Regional Chamber of Commerce panel discussion on the future of real estate – both residential and commercial – in both Princeton and the greater Mercer County area, with each of the 3 guest speakers forecasting a solid 2014. Read more >>> Source: The Times of Trenton, January 28,  Read More Read More...

Upcoming mortgage market rules highlighted by National Association of Realtors’ Director Richard Cordray

Written on January 29, 2014 at 9:45 am

” there will be big differences between last year and this year in the mortgage market, with the advent of new mortgage rules that Congress required our new agency to write against a hard statutory deadline. That was a great deal of work for us and I know it has meant a great deal of work  Read More Read More...

Closing Process Is Next on the CFPB’s ‘To-Do’ List

Written on January 27, 2014 at 10:52 am

Like the battery featured in an old television ad, the Consumer Financial Protection Bureau (CFPB) “just keeps going and going and going.” . . . Now the agency is turning its attention to real estate closings. Given CFPB’s history to date, title agents should be, if not afraid, then certainly aware—very aware—of what the agency is  Read More Read More...

5 ways buying a house just changed

Written on January 27, 2014 at 10:42 am

New mortgage regulations mandated by the Consumer Financial Protection Bureau went into effect this month. The rules are meant to hold lenders liable for bad loans and protect borrowers from loans they can’t afford.  New rules may make mortgages harder to get, more expensive.  Here are five ways the rules affect a home purchase (source: Springfield News-Sun  Read More Read More...

Qualified Mortgages: Do the Math

Written on January 9, 2014 at 9:06 pm

“You may have thought that surviving algebra meant you were done dealing with tough math problems. However, the upcoming Qualified Mortgage Rule from the Consumer Financial Protection Bureau (CFPB), which kicks in Jan. 10, 2014, has some industry participants back at the chalkboard, trying to get the numbers to add up.”  Article reprinted with permission  Read More Read More...