Real estate blog entries tagged with new til regulations by Security National Mortgage Corporation

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Home : Blogs : Wayne L. Brown : SDMortgagefinder's Blog : Tag "new til regulations"

new til regulations: New Laws Effective July 30th Will Affect Clsoing Dates on Your Transactions - 07/22/09 03:42 PM

The mortgage industry is certainly undergoing many changes to help provide homebuyers and homeowners better information when it comes to financing a home. July 30th is the day a new Federal Law takes effect which will have a large impact on when an escrow can close on a home purchase or refinance.
In 2008, the Housing and Economic Recovery Act ( HERA ) was passed by Congress, and the Federal Reserve Board published the regulations under the Truth and Lending Act. The regulations were written to provide a more transparent, level, and fair regulation of the real estate industry; to add … (2 comments)

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Wayne L. Brown

El Cajon, CA

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