Real estate blog entries tagged with compliance by Bruce Forge (iNET Realty, Inc.)

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Home : Blogs : Bruce Forge : Bruce's Blog : Tag "compliance"

compliance: End of the 30 day escrow - 08/17/09 08:53 PM

Maybe you've heard - the government is coming to help protect you.
For example, on July 30 a new disclosure act became law. In order to protect you the borrowing, home buying, public, your selected lender must provide you with a Truth-in-Lending (TILA) statement detailing the costs you should expect to face when financing real estate. You have three business days to review this material. Add to that an estimated three day mail transit period and you will need to wait SEVEN days before your lender is allowed to collect any fees from you (except a nominal credit report fee) and … (4 comments)

compliance: How You Can Manage Your Risks Under "HERA" - 01/05/09 01:27 PM

The Mortgage Bankers Association provides a useful "Housing and Economic Recovery Act of 2008" (HERA) Resource Center.
"As you know, on Wednesday, July 30, 2008, President George W. Bush signed major housing legislation, Public Law 110-289, the "Housing and Economic Recovery Act of 2008 (HERA)."
HERA includes reform of government sponsored enterprise (GSE) regulation that will dynamically affect FNMA and FHLMC, and modernization of the Federal Housing Administration (FHA). These are, of course, the essential sources of most of the home mortgage financing in America. Unless you only deal with all cash buyers, you need to be up to date on … (0 comments)

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Bruce Forge

Irvine, CA

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iNET Realty, Inc.

Address: 2450 Dupnt Dr, Irvine, CA, 92612

Office Phone: (714) 376-4488

Cell Phone: (714) 376-4488

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