Technology Solution Helps Speed Up Closings (from ALTA’s Title News Online)

Technology Solution Helps Speed Up Closings
With six months to go until the TILA-RESPA Integrated Disclosure rule takes effect Aug. 1, it’s no secret that many businesses are trying to figure out how they will adapt to the changes it will bring. Pavaso, Mountain American Credit Union and Bonneville Superior Title Company have collaborated to implemented digital solutions that have resulted in half of the closings taking 30 minutes or less.

Leave a comment

Filed under News Affecting the Real Property Industry

Business briefs: State issues alert for real estate fraud (FL)

Business briefs: State issues alert for real estate fraud

Real estate investment scams typically spread by word-of-mouth and require consumers to invest large sums of money in investment properties.

Leave a comment

Filed under News Affecting the Real Property Industry

U.S. Home Ownership Rate Falls to 20-year Low

U.S. Home Ownership Rate Falls to 20-year Low
Los Angeles Times | January 29, 2014
The national home ownership rate fell last quarter to the lowest level in two decades, the U.S. Census Bureau said Thursday.

Leave a comment

Filed under News Affecting the Real Property Industry

Ellie Mae Joins ESRA To Promote E-Signatures

Ellie Mae Joins ESRA To Promote E-Signatures
MortgageOrb | January 29, 2015
With the introduction of the Consumer Financial Protection Bureau’s new integrated disclosures going into effect this August, plus the significant advancements in e-document, e-signature, e-delivery and e-vaulting solutions in recent years, it would appear that the mortgage banking industry is poised to see significant adoption of e-mortgage technology in 2015.

Leave a comment

Filed under News Affecting the Real Property Industry

Mortgage Rates Drift Slightly Higher

Mortgage Rates Drift Slightly Higher
The Washington Post | January 29, 2015
After three weeks of declines, rates edged up but remained near 20-month lows, according to the latest data released Thursday by Freddie Mac.

Leave a comment

Filed under News Affecting the Real Property Industry

CFPB Proposes Easing Rules for Small Mortgage Lenders

CFPB Proposes Easing Rules for Small Mortgage Lenders
The Hill | January 29, 2015
In yet another revision of its mortgage rules, the Consumer Financial Protection Bureau proposed making it easier for small and rural lenders to make “qualified mortgages.” Industry representatives said the changes are poised to make a big difference.

Leave a comment

Filed under News Affecting the Real Property Industry

Mortgage Risk Rises, Causing Concerns Over Expansion of Credit Access

Mortgage Risk Rises, Causing Concerns Over Expansion of Credit Access
Mortgage News Ticker, 2015-01-28 14:48

Leave a comment

Filed under News Affecting the Real Property Industry