lending laws: Top 5 Changes in the Mortgage Industry - 2013
- 12/03/12 10:25 PM
Recently I attended a symposium at the Federal Reserve in Boston. The focus was to forecast economic trends in 2013, and the affect on the real estate industry. I am writing a series of blogs from the information shared by the panel of speakers. THE TOP 5 CHANGES IN THE MORTGAGE INDUSTRY FOR 2013 In a David Letterman-style countdown, speaker John Broderick, Sr VP of Mortgage Banking at Eastern Bank described the 5 most significant changes that will affect the mortgage industry in 2013. #5:Basel 3 Not a new version of the garden herb...this is a town in Switzerland. An international … (2 comments)
lending laws: Qualified Residential Mortgages - New Rules Effective April 2012!
- 04/12/11 07:53 AM
Are You Aware of the New Lending Laws Changing in April 2012? Do you know what will be required to obtain a Qualified Residential Mortgage? I was minding my own business this morning getting ready for work and listening to the news, but stopped in my tracks when the TV host said, "and lenders will require a minimum of 20% down on home mortgages..." What?! The speaker went on to explain that as of April 2012 new lending laws will establish a QRM or Qualified Residential Mortgage. These new rules include: minimum of 20% downpayment minimum equity of 25% to qualify … (3 comments)
Recently I attended a symposium at the Federal Reserve in Boston. The focus was to forecast economic trends in 2013, and the affect on the real estate industry. I am writing a series of blogs from the information shared by the panel of speakers.
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