CFPB clarifies rule: Agents may see Closing Disclosure

WASHINGTON – July 11, 2017 – It’s acceptable for real estate professionals to receive a copy of the closing disclosure from lenders, the Consumer Financial Protection Bureau (CFPB) ruled late last week. About a year ago, the CFPB released this clarification, and...

Fannie Mae takes friendlier approach to debts

It’s the No. 1 reason why mortgage applicants nationwide get rejected: They’re carrying too much debt relative to their monthly incomes. It’s especially a deal-killer for millennials early in their careers who have to stretch every month to pay the rent and bills. But...

30-year mortgage rate falls below 4%

WASHINGTON (AP) – May 25, 2017 – Long-term U.S. mortgage rates fell this week to their lowest levels of the year. The benchmark 30-year rate dipped below the key 4 percent mark. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year fixed-rate home loans...

HUD, FEMA announce goals to Realtors in Washington

WASHINGTON – May 17, 2017 – Potential homebuyers have a lot to contend with from tight credit and low inventory to rising prices. But for buyers able to muscle past these hurdles, deals can still fall apart when needlessly high regulatory burdens get in the way. Dr....