Loan Disclosure Reform Incomplete without Borrower Education

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May 27, 2011 3:30PM Loan Disclosure Reform Incomplete without Borrower Education Today is the deadline to submit feedback on the Consumer Financial Protection Bureau's first attempt at combining the Good Faith Estimate and Truth in Lending statement. If you haven't shared your thoughts on the matter, I urge you to do so, especially if you're an industry professional. HERE is the feedback portal In the process of developing my own personal perspective on mortgage disclosure reform I took an approach that some folks mind find a bit odd; I sought out a consultant with no direct... May 27, 2011 1:13PM Home Sales Sag into Summer Months. NAR Harps on Tight Credit The National Association of Realtors® (NAR) released its April Pending Home Sales Index (PHSI ) today. The index is said to be a leading indicator for the housing sector; it measures sales activity based on sales of single-family homes, coops and condos. The data reflects contracts but not closings, which normally occur with a lag time of one or two months. Pending home sales fell in April with regional variations following increases in February and March, with unusual weather and economic softness... Mortgage Rates: Illustrating Positive Progress Republicans Aim to Raise FHA Down Payment Requirement Pipeline Hedging Costs; Servicer Single Point of Contact; High Concentration of Foreclosures; Looking for Jumbo Lender? MBS RECAP: Reprices for Worse Reported Loan Demand Lags Interest Rate Rally. Several Reasons Cited Foreclosures Sell at 27% Discount. Distress Focused in Few States View: Front Page | Headline Viewer Micro News 2:18 PM: Reprice for the Worse Reported 2:07 PM: 10yr TSYs Hold 3.075 Heading Into NFP Week 1:06 PM: We're Not Concerned About Late Day Weakness 12:19 PM: Sideways At Year's Best Levels as Volume Dwindles 10:53 AM: Bond Market Passes First Test of Support 10:07 AM: ECON: Pending Home Sales Fall 11.6 pct 9:56 AM: ECON: Jobs optimism lifts consumer sentiment in May 8:33 AM: U.S. consumer spending tepid in April - RTRS »View All Micro News Around the Web Economic Slowdown: Temporary or Something Worse? Lawler: Census 2010 Demographic Profile: Highlights, Excess Housing Supply Estimate, and Comparison to HVS FDIC: Regulatory Actions Related to Foreclosure Activities Peter Wallison Discusses Fannie and Freddie for the American Spectator, or: Where are the Fact Checkers? Mortgage Companies Settle Suits on Military Foreclosures Oregon Judge Denies Foreclosure, Challenges MERS »View More Around the Web Video News Summer Relief or Pain at the Pump Home Sales Still Stalled Fed QE3 Can `Definitely Be on the Table' »View More Video News Today's Comments "My lenders are already acting as if they are over capacity. They are not making promised turn times and are extending them out. They seem to be very quick..." "It will be interesting to see if volume increases!" "Will be interesting to see if lenders continue to pass along pricing improvements as volume increases, or if they pocket market increases to manage pipeline..." »View More Comments Today's Q&A "Is real estate tax Paid "in advance" or for the past..." "I have excellent credit rating/score/history but low income,..." "I stopped paying my mortgage for 9 months but it has been a year..." »View More Q&A Today's Forum Discussions "Hi everyone, I need advice from you guys on how the interest rates work. I'm going with Wells Fargo and I've locked in my interest rate at 4.25..." "I need a lender that will do USDA down to 620. We are a lender but have overlays with a minimum of 640 so it would have to be a brokered deal." "May 26, 2011 I am writing to you today on behalf of the Texas Association of Mortgage Brokers, doing business as the Texas Association of Mortgage Professionals..." »View  Forum Discussions jeffer90576 -view profile -edit profile Subscription Level: Non-Premium Manage Account Market Data Mortgage Rates 30YR 4.64 0.01 15YR 3.94 0.00 FHA30YR 4.31 -0.07 Jumbo30YR 5.10 -0.01 5/1ARM 3.25 -0.01 MBS Quotes FNMA 3.5 96-19 -0-10 FNMA 4.0 100-19 -0-08 FNMA 4.5 103-24 -0-05 FNMA 5.0 106-11 -0-02 Treasuries 2 YR 0.4804 -0.0076 3 YR 0.7990 -0.0140 5 YR 1.7189 -0.0081 7 YR 2.3969 0.0059 10 YR 3.0717 0.0127 30 YR 4.2415 0.0185 Recent Housing Data Visit our Market Data Center for all of the latest housing numbers, graphs, etc. Homeownership -0.60% Home Vacancy 8.00% New Home Prices -10.46% Forward Know someone who might be interested in this email? Forward it. Newsletter Archive Front Page | Headline Viewer | Video | Forums | Q&A | Market Data | Rates | Marketplace : Consumer - Industry © 2011 Brown House Media, Inc. All rights reserved. Brown House Media Inc. - 19706 One Norman Blvd - Cornelius, NC 28031