Mortgage News

For the fellow investor that sell properties to retail buyers, this is a new regulation that will be in effect next October of 2015 and you need to be informed to avoid further delays in closing.

TILA-RESPA Integrated Disclosure Rule (TRID) Summary for Investors:
- Only applicable on closings that involve an institutional lender issuing a mortgage loan.
- NOT applicable to all cash, hard money, owner financing, subject to or other such investor style closings.
- Lender required to issue a Closing Disclosure 3 days prior to closing (or what they are calling “consummation”).
- In order for the lender to issue a Closing Disclosure, they will need a final HUD from the closing company well in advance of the closing date.

Can we put money in binary options trading to do make profit in real estate market?

Peer-to-peer lending (also known as person-to-person lending, peer-to-peer investing, and social lending; abbreviated frequently as P2P lending) is the practice of lending money to unrelated individuals, or "peers", without going through a traditional financial intermediary such as a bank or other traditional financial institution. This lending takes place online on peer-to-peer lending companies' websites using various different lending platforms and credit checking tools.

Contents [hide]
1 Overview
2 Characteristics
3 History
3.1 United Kingdom
3.2 United States
3.3 China
3.4 Other countries
4 Legal regulation
5 Advantages and criticism
5.1 Interest rates
5.2 Credit risk
5.3 Government protection
6 See also
7 References
Overview[edit]

This is the kind of insurance policy that protects the lender from a borrower who defaults from making payments. A borrower may be a high risk borrower who does not have a good credit rating and lending to him means a high chance of losing all the money to nonpayment. For a long time, home buyers had to foot 50% of the value of the home as down payment before living in the house.

Fannie Mae is back in the black. The mortgage finance giant reported an annual profit of $84bn today, according to a MarketWatch report. Fannie also announced it would pay the Treasury $7.2bn next month after reporting a $6.5bn Q4 profit.

And with that payment, Fannie Mae and Freddie Mac will have paid the government more in dividends than they took during their 2008 bailout.

Fannie and Freddie were placed under government conservatorship in 2008 after teetering on the brink of collapse in the wake of the financial meltdown. But after being bailed out to the tune of more than $187bn, the companies have consistently returned billions of dollars to the Treasury each quarter.

Home-buyers with little money for a down payment are finding more home loans available for a low down payment or even no down payment.

These mortgages are becoming more commonplace even as the country recovers from a housing bust made worse by the popularity of low down-payment mortgages during the housing boom.

The Federal Housing Administration insures loans with small down payments. And private mortgage insurers have lowered their down payment requirements.
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Over at foxbusiness.com this week is an article about real estate investing and focused on new or wannabe investors. The timing is all about a recent Bankrate.com survey that says a whopping 76% of consumers are currently not wanting to invest in equities. New interest in real estate is high because prices are still low and there’s been a lot of news about an improving real estate market and rising rents.

Capital Providers, whether on the debt or equity side of the transaction, inherently have short attention spans…especially when it comes to receiving the due diligence information required to fund a deal. The Capital Provider’s mindset works exactly like an electrical current taking the path of least resistance. Lenders and equity investors focus their attention on those transactions where the necessary underwriting information is forthcoming without hassles or constant reminders.

In figuring an additional tax when doing transactions im Montreal one needs to be made aware of the "Welcome Tax."
This is the only Provence that it exists in but is a cost that needs to be figured in.

The chart below lists the general transfer/welcome tax

On the portion of the value:

Rate

From 0 to $50,000:

0.5 %

Over $50,000 but not exceeding $250,000:

1.0 %

Over $250,000 but not exceeding $500,000:

1.5 %

Over $500,000:

2.0 %

As an example, taxation on a property value of $610,000 calculated on the above scale would be as follows:

The first $50,000 multiplied by 0.5%: $250
The next $200,000 multiplied by 1.0%: $2,000
The next $250,000 multiplied by 1.5%: $3,750
The last $110,000 multiplied by 2%: $2,200

There are around a million homeowners facing foreclosure and stuck in limbo, especially after a settlement was announced on Monday between the government and lenders. In a story at Economy Watch, one borrower’s story of four years fighting to keep her home highlighted the article. She found that she was not eligible for any of the various programs to help her keep her home. She had just filled out a form to see if she could benefit from a federal program set up after widespread mortgage abuses came to light in 2010. However, that program was canceled when this new settlement was reached.