Brian Gibbons
CFPB and Credit Repair - Beware!
Below is today's CFPBs Bulletin on Credit Repair Companies (Fraud)I have assisted Tenant Buyers get mortgages with damaged credit and high DTI since 1986.If you are recommending some credit repair companies to tenant ...
Brian Kempler
RMLO needed for land contract sale? 10+ sales this year
Hello, if I plan to sell 10+ houses this year on a land contract, does Dodd Frank apply to me? Does the land contract sale also require an RMLO to "originate" the financing? No lien will be secured against the house b...
Leo Kingston
RESPA WILL CHANGE AUGUST 1, 2015 WILL YOUR RE BUSINESS BE READY?
Most people who have participated in residential real estate transactions as buyers or sellers remember experiencing last-minute changes at the closing table. Real estate agents, mortgage lenders, title companies a...
Brian Gibbons
News from CFPB re: Foreclosures and Pre Foreclosures
CONSUMER FINANCIAL PROTECTION BUREAU EXPANDS FORECLOSURE PROTECTIONSUpdated Servicing Rule Provides Surviving Family Members and Other Homeowners with Same Protections as Original BorrowersWashington, D.C. – The Consu...
David Key
have rentals considering selling them and owner financing
I have rentals that I own and I am considering owner financing them to buyers. I'd like to know the downsides of turning a rental property into an owner financed property from someone who's done it. I understand that ...
Brian Gibbons
Is the CFBP going out of business?
- DSNews - http://www.dsnews.com -Appeals Court Orders Changes to CFPB’s Structure Posted By Kendall Baer The U.S. Court of Appeals for the District of Columbia on Tuesday ordered a restructuring of how the Consumer F...
Allison Jones
Multiple Credit Pulls
I know that multiple credit pulls impact your credit score. How do you get around that with talking to multiple lenders? I have 2 lenders that I work with regularly but looking at a 5 flex for the first time and may n...
Steve Hodgdon
Are you a mini Equifax?
The Equifax hack is a major deal. EVERYBODY should lock their credit report. Period. Our personal information is now in the hands of who knows who!?! Are you protecting consumer data that you see when shopping for not...
Teresa F.
TRID will end 30 day closings for non-cash investors
I attended a TRID training this week. TRID is the new process that mortgage brokers/bankers have to use that will replace the HUD-1 (for non-cash buyers) effective October 1. During the presentation, the lenders sai...
Corey Dutton
Attack on Pay Day Loan Industry Slows Loan Sharking in Britain
New regulations on payday lending companies in Britain has resulted in a stagnation or slow down in the payday lending industry there, according to numbers from the FCA (Financial Conduct Authority). After strict r...