Interest Rates in an Election Year

There is no escaping it; debates, primaries and non-stop political rhetoric across all media channels. It’s 2016 and it’s an election year. And if you’re considering buying a Presidential Electionhome sometime in the next year, you may be curious about historical interest rate trends during the months before and after we’ve elected a new president.

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Can Social Business Thrive Under Regulatory Scrutiny?

For any company where professional reputations and customer relationships matter, social media is the sensible place to put marketing efforts and budget. For relatively little budget, audiences can be micro-targeted and reached easily on all devices. Individual experts can put forth their unique selling propositions, beyond the reputation of a corporate brand, in spaces where friends and friends of friends are paying attention. According to statistics portal company Statista, personal recommendations and consumer opinions posted online are the most trusted forms of advertising, so a strong online reputation is critical.

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Know Before You Owe – Tips For a Smooth Mortgage Process

Know Before You Owe – Tips For a Smooth Mortgage Process

Beginning on October 3, the CFPB’s new “Know Before You Owe” rule, also known as TRID, went into effect. The new regulations will result in some changes to the way real young coupleestate transactions are processed. The updates include new forms and timelines that are intended to make the process more transparent and easier to understand. Recently, the Mortgage Bankers Association released a set of guidelines to help educate everyone involved.

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Understanding Economic News – Tips for Non-Experts

Written by Dick Lepre

Financial decisions can be daunting, especially when planning for a large purchase or investment where interest rates influence the cost of borrowing money. While there is no crystal ball to provide completely accurate predictions about rates, understanding the women on computerbasics of economic news can help facilitate more informed decisions. Is it the right time to invest in a new home or refinance an existing one? Is a fixed rate mortgage the way to go or is there a chance rates might go lower? The U.S. Federal Reserve monitors various indicators to help guide economic policy. The media follows closely, reporting on inflation, the job market, foreign affairs, and more. So, what does it all really mean to the average consumer preparing for a big financial decision?

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RPM’s Rob Hirt Comments on CFPB Settlement

Recently the Consumer Finance Protection Bureau (CFPB) called into question RPM Mortgage’s interpretation and execution of rules regarding loan originator compensation during 2011, 2012 and 2013. As mentioned in the company’s statement, there were no allegations of harm to the company’s customers in the filed complaints. We reviewed our pricing in 2011-2013 and confirmed that RPM’s rates were always competitive and, for the majority of its loans, matched or beat the average rates in RPM’s markets of northern and southern California.

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What is TRID and How Will It Impact Mortgages?

Effective October 3, 2015, (extended from August 1, 2015) the Consumer Financial Protection Bureau (CFPB) will implement a rule intended to reconcile inconsistencies between two federal acts that regulate the mortgage qualification process. The new rule, known as TILA RESPA Integrated Disclosure (TRID), seeks to simplify standard loan documentation, limit fees charged to consumers, make documentation easier to understand, aid consumers in comparison shopping, prevent surprises at the closing table, and clarify timing requirements for disclosure of final loan terms and costs. Here’s what you need to know about the changes put forth by the new “Know Before You Owe Rule.”

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