good faith estimate (GFE) | firsttuesday Journal

MLO Mentor: Changed circumstances and TRID disclosures

by Bethany Correia | Aug 29, 2022 | Feature Articles, Mortgages, Real Estate, Your Practice | 0

This article discusses changed circumstances in the course of the mortgage origination process and the disclosures required.

Form-of-the-Week: Good Faith Estimates of Seller’s Net Sales Proceeds and Buyer’s Acquisition Costs — Forms 310 and 311

by ft Editorial Staff | Dec 13, 2021 | Forms, Real Estate | 0

RPI Forms 310 and 311 inform buyers and sellers on the amounts they either have available to fund the purchase of a property or will receive on a sale of their property.

The Uniform Residential Loan Application and post-submission activities

by ft Editorial Staff | Oct 27, 2014 | Appraisal, Feature Articles, Loan Products, Real Estate | 1

Understand the components of the Uniform Residential Loan Application and guide your buyer through the closing process.

Even with new forms, borrowers must protect themselves

by Jeffery Marino | Jan 11, 2014 | Real Estate | 1

Even with the CFPB’s vastly improved mortgage disclosures, double apping is still the way for borrowers to get the best deal.

Mortgage loan brokers: What to know about “know before you owe”

by Jeffery Marino | Dec 10, 2013 | Real Estate | 0

We dissect the CFPB’s new forms and offer a solution to their shortcomings.

Mortgage smarts: your buyer is not a lamb!

by Nicole Jessen | Aug 16, 2013 | Feature Articles, Real Estate | 1

Even if homebuyers diligently practice safe spending prior to closing, they are still susceptible to last minute surprises due to permissible but deceptive lender behavior.

Be an industry advocate: Take your red pen to the new mortgage cost estimate forms

by Sarah Cantino | Aug 9, 2012 | Finance, Reader Polls, Real Estate, Your Practice | 0

Compared with the old mortgage disclosure forms, do you think these new forms will be easier for...

Lender GFE abuse

by Carrie B. Reyes | Jun 15, 2012 | Reader Polls, Real Estate | 4

Do you represent buyers who receive more than one good faith estimate (GFE) from a single lender?...

Why shouldn’t we hate Wall Street?

by ft Editorial Staff | Feb 6, 2012 | Feature Articles, Finance, Market Watch, Real Estate | 0

This article disputes the claim that Wall Street is a vital component of a thriving economy and argues the current mortgage lending environment actually stifles the upward mobility of the middle class.

Higher FHA-insured loan costs push homebuyers to prowl the market

by ft Editorial Staff | May 16, 2011 | Real Estate | 2

Annual default premiums (MIPs) on 30-year Federal Housing Administration (FHA)-insured loans for homebuyers with less than 5% down payment rose to 1.1 or 1.15% of the home value from 0.85 or 0.9%, effective April 18, 2011. For a...