ALTA Survey Shows More Homebuyers Reviewing Mortgage Disclosures
More homebuyers are reviewing their mortgage documents prior to their real estate closing under new federal regulations according to results of a Home Closing Survey conducted by the American Land Title Association (ALTA). The survey, conducted in March 2016, included title agents, real estate attorneys and escrow agents.
Stevens Blasts Senate Plan to Tax Homebuyers
David H. Stevens, president and CEO of the Mortgage Bankers Association, issued the following statement upon learning that the U.S. Senate's transportation funding bill would extend an increase of Fannie Mae and Freddie Mac's guarantee fees in order to fund transportation projects.
CFPB Allows Grace Period for New Rule Rollout
the Consumer Financial Protection Bureau (CFPB) announced that it will be “sensitive” to the good-faith efforts of lenders implementing the new Truth-In-Lending and Real Estate Settlement Procedures Integration Disclosure (TRID) regulations set to take effect on August 1.