News on Critical Defects; Two Harbors’ Purchase; Capital Markets Update

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Posted To: Pipeline Press

Huh? Nearly half of borrowers don’t rate shop? Freddie Mac tells us that this is indeed the case (although every LO and broker I know would disagree). And if they did, they could save some bucks: between $1,000 and $2,000 over the life of the loan , and $2,000 – $4,000 when the borrower obtains 5 competing quotes. Speaking of consumers, how ‘bout the CFPB issuing a final rule (2018 TILA-RESPA Rule) addressing when a Closing Disclosure may be used to reset tolerances under the TILA-RESPA Integrated Disclosure Rule!? (You can access the final rule on the Bureau’s website .) REIT Changes In the lending world, “CYS” doesn’t stand for California Youth Symphony. It is the name of a real estate investment trust , and its shares shot up about 10% yesterday after…(read more)

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