HousingWire recently published an article titled “You’ve been warned: CFPB puts real estate agents, lenders on RESPA violation watch.” RESPA — the Real Estate Settlement Procedures Act — is a current buzzword in the housing industry with an increased scrutiny from the industry’s top consumer watchdog. Between the Consumer Financial… Read more
The National Association of REALTORS® advocates policy initiatives that promote and protect a fundamentally sound and dynamic U.S. real estate market. NAR’s focus in 2016 will largely be centered around tax policies, credit and lending, business operations, and commercial. Both parties have expressed a lot of interest in reforming the… Read more
The Consumer Financial Protection Bureau (CFPB) has released a new online toolkit to help real estate professionals understand the new TILA-RESPA Integrated Disclosure (TRID) rule and how to explain those changes to their clients. As part of the CFPB’s larger mortgage initiative campaign called “Know Before You Owe”, the “Real… Read more
“Are you ready for TRID” was the featured topic of a free seminar for brokers sponsored by the Affiliate Council of the Seattle King County REALTORS® recently. Speakers at the forum focused on the new disclosure rule going into effect October 3, 2015, that consolidates the Truth in Lending Act… Read more
Important New Federal Rules Are Coming for Residential Real Estate Buyers, Sellers and REALTORS® New federal rules are going to affect almost all residential real estate transactions where the buyer is obtaining a mortgage. The new rules take effect on August 1, 2015. The new rules are important for buyers… Read more