From my friends at CAG Group – Yesterday Equifax announced that it had been breached back in July and as many as 143 million US consumers are impacted. The company is offering free credit monitoring for those impacted by this breach. I checked my personal information – took 45 seconds – and determined it […]Read More Equifax Breach – Is Your Information Safe?
The CFPB is beefing up its ongoing investigation into Zillow for possibly violating RESPA. Full article here from my friends at HousingWire You’ve been warned: CFPB puts Realtors, Lenders on RESPA violation watchRead More CFPB fires a warning shot! Realtors and Lenders Beware!
Your right to privacy is a significant concern for mortgage professionals who are involved in the solicitation, origination, processing, closing and servicing of mortgage transactions. Multiple laws protect the privacy of borrowers, and violation of these laws can result in serious liability. Privacy laws protect borrowers from the time they receive a solicitation for a mortgage […]Read More How Safe is Your Information & Documentation?
Answer: To remove private mortgage insurance you must be up to date with your monthly payments. And you have to reach the date when the principal balance of your mortgage is scheduled to fall to 80 percent of the original value of your home. GREAT info from the CFPB’s original article – here To remove private […]Read More Can I Remove Mortgage Insurance from My Loan?
GREAT words of wisdom from my friends over at KCM – There are some renters that have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage – either your […]Read More Rent or Buy – Either Way You’re Paying a Mortgage
Great news friends – homebuyers in the DFW metro (and surrounding areas) will see increased purchasing power thanks to FHA’s decision to increase loan limits beginning his January (2016). Previously the max loan amount for Dallas – Fort Worth area was $310,500 which means buyers could buy a $321,750 home by putting the very minimum down. However, as of […]Read More FHA Increased DFW Area Loan Limit! and other useful FHA tidbits
First American Title issues a quarterly report, the Real Estate Sentiment Index (RESI), which “measures title agent sentiment on a variety of key market metrics and industry issues”. Their 2015 4th Quarter Edition revealed some interesting information regarding possible challenges with appraisal values as we head into 2016. “The fourth quarter RESI found that title […]Read More Home Prices & Appraised Values -Sellers need to sell their homes twice?