A look at the state legislation affecting real estate enacted during the 2011-2012 legislative session, and federal legislation enacted in 2011.
Despite the low rates being offered on fixed rate mortgages (FRMs), some homebuyers are still opting for a risky adjustable rate mortgage (ARM) with its temporarily lower interest rate. In the first quarter of 2011, ARMs comprised 7.8% of the California mortgage market, marking the highest market share of dicey ARMs since the housing market [...]
Greater numbers of California lawyers are turning down homeowners fighting for a loan modification since state advance fee law prevents them from being paid until and unless their client receives a loan modification. Strict advance fee regulations for lawyers were the result of an effort to eliminate real estate scammers, who made big promises to [...]
According to a survey by Lending Tree, 40% of homeowners obtained a single mortgage loan quote before buying their home and only 28% feel confident they got the best deal. Ninety-six percent said they compare prices when shopping for everything except a mortgage. Seventy percent said shopping for the best loan was frustrating and the [...]
A look at the legislation affecting real estate enacted during the 2009-2010 Legislative Session. For our archive of the Legislative Watch for years past, click here.
This article reviews the changes made to mortgage loan broker (MLB) compensation by the Dodd-Frank Wall Street Reform and Borrower Protection Act.
A look at the legislation affecting real estate enacted during the 2009-2010 Legislative Session. For an archive of Legislative Watch years, click here.
Get your buyer the best financial advantage – Submit multiple loan applications and compare
A look at the legislation affecting real estate enacted during the 2009-2010 Legislative Session. For an archive of Legislative Watch years, click here.
This article examines the recent changes to the Truth-in-Lending Act (TILA), also known as Regulation Z, and digests proposed future changes. 11/24/2009: Updates appear in blue. The purpose of the act The Truth-in-Lending Act (TILA), also known as Regulation Z (Reg Z), was originally enacted in 1968 to protect consumers by providing greater transparency by [...]
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