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Here’s how to proactively maintain fair lending

Here’s how to proactively maintain fair lending

by Third Party | Feb 24, 2022 | Mortgage Information, News/Current Events

Source: Housing Wire —  HousingWire: How does Fair Lending affect mortgage servicing? Amanda Phillips: The Consumer Financial Protection Bureau (CFPB) has repeatedly signaled throughout the past year via blogs, press releases, reports, its Fall 2021 Supervisory...
Annuities And Reverse Mortgages Are Perfect Complements – So Why Have They Been Forcibly Separated

Annuities And Reverse Mortgages Are Perfect Complements – So Why Have They Been Forcibly Separated

by Third Party | Feb 24, 2022 | Mortgage Information, News/Current Events

Source: Forbes —  The answer is that the loss from absence of complementarity is not generally recognized, the population segment that is victimized is not identified, and the regulatory structure responsible for the separation of functions is oblivious to the...
Your Questions Answered: Best Home Buying Tips for First-Timers

Your Questions Answered: Best Home Buying Tips for First-Timers

by Third Party | Feb 23, 2022 | Mortgage Information, Real Estate Agent Tools

Source: Housing Logic —  Buying your first home is a big freaking deal. How do you know which loan is right for you? How do you swing the down payment? How do you ensure your offer isn’t too low or too high? What don’t you know that you don’t know? Ack! Breathe,...
Made a profit selling your home? Here’s how to avoid a tax bomb this filing season

Made a profit selling your home? Here’s how to avoid a tax bomb this filing season

by Third Party | Feb 23, 2022 | Mortgage Information, News/Current Events

Source: CNBC —  If you recently made a profit selling your home, it may come with a costly surprise this filing season: capital gains taxes on your windfall. In 2021, the average U.S. home seller scored a profit of $94,092, up 71% from $55,000 two years ago,...
‘The major question is whether rising rates will quench housing demand’: Existing-home sales surge higher, but could be set for a downturn

‘The major question is whether rising rates will quench housing demand’: Existing-home sales surge higher, but could be set for a downturn

by Third Party | Feb 23, 2022 | Mortgage Information, News/Current Events, Real Estate News

Source: Market Watch —  The numbers: Existing-home sales increased by nearly 7% between December and January, hitting a seasonally-adjusted, annual rate of 6.5 million, the National Association of Realtors said Friday. Compared to a year ago, sales were down...
Blowing the Whistle

Blowing the Whistle

by Third Party | Feb 22, 2022 | Mortgage Information, News/Current Events

Source: Scotsman Guide —  As a nearly $9 million settlement between federal regulators and Trustmark National Bank makes painfully evident, few things present more unwelcome press for mortgage bankers and servicers than accusations of redlining or...
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