Chase to pay Conn. $2 million to settle ‘Robo–Signing‘ allegations
State and federal officials claimed the bank illegally engaged in “robo–signing”— signing mass quantities of documents without verifying the data in the …
FHA to Allow Changes to Settlement Certification Due to TRID
The Federal Housing Administration addressed changes settlement agents can make to the new settlement certification, which replaces the current addendum to the HUD-1, in a new FAQ document to its Single Family Housing Policy Handbook. The FHA’s new handbook goes into effect Sept. 14, 2015.
Zillow Acquires DotLoop, An E-Signing Service For Real Estate Agents
Tech Crunch | July 23, 2015
Online real estate service Zillow today announced that it has acquired DotLoop, a service that aims to simplify the complex process of buying and selling real estate by taking much of the document sharing and signing process online.
Mortgage Rates Dip After Stock Market Reacts to Poor Earnings Reports
The Washington Post | July 23, 2015
The 30-year fixed-rate average dropped to 4.04 percent with an average 0.6 point. It was 4.09 percent a week ago and 4.13 percent a year ago. The 30-year fixed rate has remained above 4 percent the past seven weeks.
Fannie Mae Ups Its Outlook for Home Sales
MarketWatch | July 23, 2015
Fannie Mae now expects total home sales in 2015 to hit an eight-year high of 5.75 million, according to the company’s July forecast. Fannie’s June estimate pegged 2015 home sales at 5.65 million. This follows the Mortgage Banker’s announcement that it expects purchase originations to reach $801 billion this year and $885 billion in 2016, up $71 billion and $94 billion, respectively. MBA says total originations in 2015 should reach $1.35 trillion this year, up from $1.14 trillion in 2014.
Becker County Recorder Begins E–recording with Simplifile | Benzinga
Becker County is now accepting electronic documents for recording through Simplifile, the nation’s largest e–recording service, providing document …