Tag Archives: lending
Starting January 1, 2014, there will be a multitude of changes in mortgage lending practices as a result of the implementation of the, “Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010”. In short, some 16 new and heavy regulations on banks and lending institutions will go into full effect. Here are some of the ways the Act will affect you…
Homebuyers. Francis Bacon said, “Knowledge is power.” But a recent survey just released about home buyer’s knowledge about mortgages and mortgage lending reveals that a lot of us have something to learn and it’s costing us money. “Time is money” said Benjamin Franklin. If you are having any thoughts of buying or refinancing a home now is the time to learn about financing….
Mortgage rates climbed at the fastest pace in two months last Friday, May 3 as a result of the just released “Employment Situation Report” for April. This report which is a product of the US Bureau of Labor showed that unemployment decreased by 673,000 since the beginning of the year. Good news in the job market tends to cause lending rates to increase….