“good faith estimate” and “truth in lending” disclosures eliminated

| Harlan Griswold III

People will have had close to two years to get ready for this. Nobody should be surprised by this.” — CFPB Director Richard Cordray Once again, we have a new Good Faith and Truth-in-Lending disclosure change, (GFE & TIL are eliminated) with new disclosures coming, designed to be easier for the consumer to use.  The […]

People will have had close to two years to get ready for this. Nobody should be surprised by this.” — CFPB Director Richard Cordray Once again, we have a new Good Faith and Truth-in-Lending disclosure change, (GFE & TIL are eliminated) with new disclosures coming, designed to be easier for the consumer to use.  The […]

Fannie Mae lowers down-payment requirement

| Harlan Griswold III

I often meet potential homebuyers who are prevented from buying by one thing – not enough cash for the down-payment.   For the past several years, the minimum down for conventional was 5% and a 95% loan-to-value (LTV) mortgage.  FHA loans, with high mortgage insurance rates, required 3.5% down, in most cases. Fannie Mae understands the importance […]

I often meet potential homebuyers who are prevented from buying by one thing – not enough cash for the down-payment.   For the past several years, the minimum down for conventional was 5% and a 95% loan-to-value (LTV) mortgage.  FHA loans, with high mortgage insurance rates, required 3.5% down, in most cases. Fannie Mae understands the importance […]

Google search modifiers – for more accurate searches

| Harlan Griswold III

For professionals and consumers, Google can be used as a source of almost endless information – providing anything from listing information, property research, and connecting buyers and sellers with agents – making it an invaluable tool to anyone interested in real estate.  Google has become the most trafficked website around the globe, reaching an astonishing […]

For professionals and consumers, Google can be used as a source of almost endless information – providing anything from listing information, property research, and connecting buyers and sellers with agents – making it an invaluable tool to anyone interested in real estate.  Google has become the most trafficked website around the globe, reaching an astonishing […]

Functional Obsolescence in today’s housing market

| Harlan Griswold III

In a recent article from Mortgage News Daily ….it presents the idea that some of the problems with a listing shortage has to do with housing obsolescence, mostly Functional Obsolescence.   (This is different than external obsolescence,  caused by negative neighborhood dynamics.)  Housing Obsolescence: Housing Inventory is at a 13 year low with approximately only 1.7 […]

In a recent article from Mortgage News Daily ….it presents the idea that some of the problems with a listing shortage has to do with housing obsolescence, mostly Functional Obsolescence.   (This is different than external obsolescence,  caused by negative neighborhood dynamics.)  Housing Obsolescence: Housing Inventory is at a 13 year low with approximately only 1.7 […]

Listing shortage actually a housing shortage?

| Harlan Griswold III

  It is assumed by many that the real estate market will (at some point) reach equilibrium, becoming (neither a Buyer or Seller market) a balanced market.   Perhaps this will happen as interest rates rise, resulting in homes becoming less affordable, and a smaller percentage of would-be buyers being able to purchase.  The following article […]

  It is assumed by many that the real estate market will (at some point) reach equilibrium, becoming (neither a Buyer or Seller market) a balanced market.   Perhaps this will happen as interest rates rise, resulting in homes becoming less affordable, and a smaller percentage of would-be buyers being able to purchase.  The following article […]