What we have right now is a wrong definition of recession. The current definition that Congress goes by is two or more consecutive quarters of decline in gross domestic product, but that doesn’t cover the pain factor. I think the new definition should be six or more consecutive months of decline in employment because I don’t see how you can ever have a jobless recovery.
Posted via web from Title Insurance We’ve had three months to work with the “new” good faith estimate designed by HUD. We had an even longer period of time to review this document, however in a mortgage originators defense, I will say that until you can use this GFE “in real practice”, you don’t truly know the nuances. With all the updates to the RESPA FAQs, I’ll argue that HUD’s in the same boat! Posted via web from Title Insurance The Real Estate Settlement Procedures Act (RESPA) is a consumer disclosure and anti-kickback statute designed to inform consumers of their settlement costs and to prohibit kickbacks that can increase the cost of obtaining a mortgage. Take this quiz to find out how well you know about this important issue to stay on the right side of the law. Posted via web from Title Insurance
Continuing Ed for Title Agents
Three months into the 2010 Good Faith Estimate…and We Still Have Issues | Rain City Guide
Continuing Ed for Title Agents
Respa Quiz and Answers Below « MeredithMortgageTeam’s Blog
Continuing Ed for Title Agents
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