Monthly Archives: March 2012

UPDATE 3-16-2012:  If you’ve experienced difficulties with a financial product, the CFPB (Consumer Financial Protection Bureau) wants to hear from you. They’ll forward your issue to the company, and perhaps the scam/fraud claim to the FTC, and provide you status … Continue reading →

During the mid 2000’s housing boom, did lenders produce lot of crappy loans – yes.  Is the QRM a solution to crappy loans – yes, in a way – But isn’t it like taking a chainsaw to the table to … Continue reading →

I’ll attempt to collect real estate market predictions from “experts” around the country. My accurate prediction:  Some predictions will be right – some wrong – and some vaguely true. My real prediction:  Two forces will continue to apply downward pressure … Continue reading →

Webinar about foreclosure scams and frauds presente by HUD and the FTC representatives. 2-28-2012 Webinar presentation:  http://www.visualwebcaster.com/imageSlides/84977/Preventing%20Mortgage%20Fraud%20Foreclosure%20Scams%20Webinar%20(FINAL).pdf FTC’s Money Matters Scam Reporting Website: http://www.ftc.gov/bcp/edu/microsites/moneymatters/your-home.shtml References to products and services are not a specific endorsement, but the user must perform their … Continue reading →

Per the recent HUD press release, the Temporary Payroll Tax Cut Continuation Act of 2011 requires FHA to increase the annual MIP it collects by 0.10 %. This change is effective for case numbers assigned on or after April 1, … Continue reading →

4-4-2014: The CFPB just released 89 pages of guidelines for TILA-RESPA Integrated Disclosure Rule – (i.e., disclosure forms to be used for real estate closings) to be implemented on and after August 1, 2015. Note: The TILA-RESPA rule consolidates four … Continue reading →