As we economists say, “forecasting is difficult, especially the future.” Fortunately, Fannie Mae, Freddie Mac and the MBA update their quarterly and annual forecasts monthly for residential lending volumes – both refinance and purchase transactions. Driving these lending forecasts is the expectation of future interest rates. As the following table shows, there is not perfect …Read more
Join us at MBA Annual 2017 on October 22 to 25 in Denver to discuss the latest trends and advances in the real estate services industry – including Stewart’s offerings for a fully-digital customer experience and our latest technology integrations.
Advertising and marketing your title, closing and settlement financial services over social media is a great way to take reach a larger audience. Remember to take a closer look at what RESPA and your state laws require to ensure your compliance on social media platforms.
I get tons of questions about whether the changes taking place in Washington D.C. mean that settlement agents can forget about compliance. Simply put- compliance still matters!
The marketplace reality is that consumers expect a digital solution to improve their home buying experience. We must meet our customer needs and problem-solve a solution that allows real estate transactions to close electronically. A hybrid approach to e-Closing would allow the title and settlement industry to begin some form of e-Closings today while working with technology providers, Secretaries of State, county recorders and state legislatures to move the industry toward a full e-Closing in the near future.
The D.C. Circuit Court has granted the petition from the Consumer Financial Protection Bureau (CFPB) for rehearing en banc (refers to a session heard before all the judges of the Court) in the PPH case and ordered a briefing that culminates in oral argument on May 24. As you may recall, back in October the District …Read more
The Consumer Financial Protection Bureau released a report, “Project Catalyst report: Promoting consumer-friendly innovation” to coincide with the Mortgage Bankers Association Annual Convention & Expo 2016 in Boston. The 27-page report highlights many areas in which the bureau is actively involved with bank and non-bank innovators, ranging from large, established institutions to small startups, to …Read more
By now, you may have heard of the recent court decision regarding the Consumer Financial Protection Bureau (CFPB) and PHH Corporation, a mortgage lender. In a surprising turn of events, the District of Columbia Circuit Court ruled in favor of PHH against the CFPB. Here are three things you need to know upfront: RESPA (Real …Read more
For those of you that do not Tweet – you should consider doing so. If you want to talk about effective bang for the buck, the 140 total characters, letters, numbers and spaces of a Tweet on Twitter certainly qualifies. Who knew you could say so much in so little? More important perhaps, is that …Read more
September looms large regarding the outlook for interest rates. The Federal Reserve Bank is approaching the annual Jackson Hole, Wyoming meeting of the two-day Federal Open Market Committee (FOMC), which commences September 16, 2015. Hot on the agenda is the consideration of a hike in the Fed Funds Rate target – the first increase since …Read more