This guide covers community property states mortgage guidelines. Community Property States Mortgage Guidelines: Community property is derived from older Spanish law, which allows for a 50/50 split in any property owned by a married couple. This derives from the notion that maintaining equal ownership is essential to establishing a strong family unit, an important civil…
In this blog, we will discuss and cover how mortgage regulations affect homebuyers and closings. Mortgage Regulations are created and implemented by mortgage regulators. The Consumer Financial Protection Bureau, CFPB, is the new sheriff in town for mortgage companies and is in charge of creating and enforcing mortgage regulations. The powerful CFPB has the right…
This BLOG On TRID Mortgage Regulations For Mortgage Lenders And Borrowers Was UPDATED And PUBLISHED On June 10th, 2020 TRID Mortgage Regulations: What Is TRID? Borrowers going through the mortgage loan application processnow have heard of TRID Regulations that went into effect on October 3rd, 2015. The mortgage industry is extremely regulated and once we…
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