3 of the Hottest Trends Shaping Real Estate in 2017

3 of the Hottest Trends Shaping Real Estate in 2017

Hard to believe it’s the end of 2016. Seems like it just started and now we’re turning to the new year with hope and expectations. What will this year bring and what can be expected to shape real estate? First, before we get into trends...

New FHA Ruling Means Big Changes for Condo Buyers

New FHA Ruling Means Big Changes for Condo Buyers

For years, the National Association of RealtorsⓇ (NAR) has petitioned the Federal Housing Administration (FHA) to reduce its owner occupancy requirements of 50 percent on condos. That day is finally here. Why Does Owner Occupancy Matter and How Is It Changing? Owner occupancy requirements are the standard...

Has "Know Before You Owe" Benefited Credit Unions?

Has “Know Before You Owe” Benefited Credit Unions?

The TILA-RESPA Integrated Disclosure Rule (TRID), commonly referred to as “Know Before You Owe,” has been in effect for a year now. Created by the Consumer Financial Protection Bureau (CFPB) to bring more transparency to the borrowing and buying process, TRID may have evened the...

5 Things You Need to Know About the Rise of eClosings

5 Things You Need to Know About the Rise of eClosings

If you’ve ever bought or sold a house, you know the extraordinary amount of paperwork involved. There are countless jokes about the number of pens you’ll need or the number of trees that go into the closing documents. Closing has been cumbersome and time-consuming and it’s...

TRID One Year Later: A Look Back at the Effects

TRID One Year Later: A Look Back at the Effects of TRID

October 3, 2015, heralded in a huge change for the mortgage industry. It became the implementation deadline for some of the largest changes the industry had seen in decades. The TILA-RESPA Integrated Disclosure Rule (TRID) was enacted by the Consumer Financial Protection Bureau in order...

Freddie Mac’s New Pilot Program

Freddie Mac’s New Pilot Program: What You Need to Know

Freddie Mac’s new pilot program, Your Path, aims at easing income and documentation restrictions in home buying. This is expected to encourage more first-time home buyers and purchases in underserved areas where income may be more low to moderate. It takes into account the changing...