1/14/16 9:01 AM
RealyTrac Foreclosure filings drop to a nine year low
Posted by
SoftPro on 1/14/16 9:01 AM
Good news for the real estate industry. RealyTrac reported that default notices, scheduled auctions and bank repossessions were reported on 1,083,572 U.S. properties in 2015, the lowest annual total since 2006, when there were 717,522 properties with...
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1/13/16 12:30 PM
CFPB nearly doubled enforcement actions on 2015
Posted by
SoftPro on 1/13/16 12:30 PM
Interesting article on enforcement actions from the CFPB in 2015. What does this mean for 2016?
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1/13/16 12:20 PM
CFPB Issues Fact Sheet on Construction Loan Disclosures
Posted by
SoftPro on 1/13/16 12:20 PM
Earlier this week, the CFPB issued a “fact sheet” regarding construction loans under TRID. You can find it here: http://files.consumerfinance.gov/f/201601_cfpb_know-before-you-owe-mortgage-disclosures-and-construction-loans.pdf
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No permanent deputy director named yet but a new acting one was. The CFPB named David Silberman as acting deputy director replacing the current acting deputy director Meredith Fuchs. Silberman currently serves as associate director for research, markets,...
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In a letter to the Mortgage Bankers Association the CFPB's director, Richard Cordray, said administrative errors in key sections of the new disclosure rules, would not likely create a scenario where a private investor could sue the lender, or where the...
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12/10/15 4:36 PM
U.S. Bank Home Mortgage Responds to Settlement Agent TRID Inquiries
Posted by
SoftPro on 12/10/15 4:36 PM
U.S. Bank Home Mortgage, a division of U.S. Bank National Association, (“USBHM”) is providing additional responses to Settlement Agent inquiries specific to the policies and procedures for closing loans as a result of TRID implementation. The below...
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11/6/15 9:43 AM
Make Sure You Only Register for RealEC's Closing Insight One Time...
Posted by
SoftPro on 11/6/15 9:43 AM
Notification: RealEC Closing Insight Registration Issue
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10/23/15 4:03 PM
SoftPro was used to close the FIRST post-TRID loan in the Nation!
Posted by
SoftPro on 10/23/15 4:03 PM
Congratulations to Priority Title & Escrow, a SoftPro Select customer, on successfully closing the FIRST post-TRID loan! Mike Steier, Vice President of Priority Title & Escrow said, “The SoftPro upgrade process, training materials, support, and the...
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10/20/15 9:18 PM
FHA to allow a grace period for TRID enforcement
Posted by
SoftPro on 10/20/15 9:18 PM
Looks like FHA will join the CFPB, Fannie Mae and Freddie Mac in allowing a grace period for enforcement for the TRID Rule which went into effect on October 3, 2015. Read more below:
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9/30/15 10:33 AM
TDI requires use of Texas Disclosure Form (T-64) starting Oct 3, 2015
Posted by
SoftPro on 9/30/15 10:33 AM
The Texas Disclosure (T-64) is an addendum to the new federal Closing Disclosure form. On October 3, 2015, the Texas Department of Insurance (TDI) will require settlement agents to use the Texas Disclosure in addition to the Closing Disclosure Form.
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