I have talked at length in my blog entries about professional service providers. I have also talked about how important it is for a professional Realtor to study everything about the market, lending, politics, etc. As an example of both the information that we need to know AND professionalism exemplified, I have copied the latest news update e-mail that David Grunden of First Financial Bank has just sent out. I am doing this with his permission.
New mortgage rules from the CFPB and more
Hello everybody! I hope you're all keeping warm. It's been a long, cold winter, but the good news is that spring isn't too far away. Welcome Home Funds will be available in March which will hopefully coincide with an warm, early spring this year.With that out of the way, we are all absorbing the new mortgage rules from the CFPB. The new rules are still fluid, and interpretation of these rules is subject to debate. What I can tell you is 45% is the maximum we see receiving an Approve/Eligible from ... read full post