Dodd-Frank

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...

CFPB is revamping the entire mortgage disclosure process both at the beginning of the process (application) and at the end (settlement).

Written on March 5, 2012 at 3:15 am

CFPB stands for the Consumer Financial Protection Bureau.  Its stated mission is “to make markets for consumer financial products and services work for Americans.”         Read more here. They have been rolling out new disclosure/GFE forms in certain test markets including Philadelphia and Austin. Read the Butternut disclosure here. Read More...

Brave New Paradigm: Part II

Written on April 26, 2011 at 3:33 am

“I see the states, across this big nation. I see the laws made in Washington, D.C. I think of the ones I consider my favorites. I think of the people that are working for me.” – Lyrics from Talking Heads’ “Don’t Worry About the Government” The real estate financing paradigm shift is becoming clearer with the now  Read More Read More...