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Tag Archives: Mortgage Industry

Greece Bailout Crisis May Hit Home and Influence Mortgage Market

Greek citizens delivered a surprising response to Europe’s leaders on Sunday, when a majority of voters rejected a deal offered by the country’s creditors. In this historic turn of events, the Interior Ministry reported that with more than 90 percent of the vote tallied, 61 percent of the voters said no to bailout terms offered by the country's international creditors, while 39 percent voted yes to these terms. Media outlets and industry experts gauged the connection that the Greece crisis can have on the U.S. mortgage industry finding that much of the issue rests with interest rates.

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Title Professionals, Lenders Must Prepare for Industry Changes

Following the Consumer Financial Protection Bureau’s (CFPB) announcement that its August 1 deadline will stand, lenders and mortgage industry service providers are now scrambling to prepare for the day the TILA-RESPA Integrated Disclosure rule (TRID) goes into effect. But it’s not all headache and hassle with TRID.

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