March 2016 Mortgage Market Share Report
First quarter takeaways?… Interest rates are low, but few refinances. (See mortgage charts pages 7, 9 & 10) Compare 2016 to refi years 2009, 2012 & 2013. However, the purchase market is hot. (See deed recording chart page 13) The first quarter is up considerably from two years ago. Could it be that we?re now …
January 2016 Mortgage Market Share Report
I am pleased to introduce a new team member and also tell you about changes to the roles of three other team members. Rebecca Spencer joined our closing team as a Real Estate Closer at the end of January. Rebecca brings? twelve years of experience as a closer and funder with Caliber Home Loans and …
December 2015-Mortgage Market Share Report
January 25, 2016 The volume of Monroe County sale transactions in 2015 represented the best showing for our market since 2007.? Mortgage volume, while solid, did not approach what was originated during the historic low interest rates of 2012 or the government induced borrowing of 2009. (see chart page 7)? Sales of properties marked as …
November 2015 Mortgage Market Share Report
I want to introduce you to three new team members here at John Bethell Title At the end of October we welcomed Wendy Kitchel as our new Title Counsel. Wendy came to us after fourteen years with the law firm of Foutty & Foutty in Indianapolis where she specialized in representing lenders in mortgage foreclosures. …
October 2015 Market Share Report
November 19, 2015 At the end of October and into November we experienced our first closings under the new CFPB TRID disclosures.? More recent closings are happening smoother as everyone gets familiar with the changes. I thought it important to share with you my takeaways from these initial transactions. My first takeaway is being reminded …
Market Share Report-September 2015
WASHINGTON D.C. HUD?1 passed on to the Great Regulator in the Sky at 12:00 a.m., October 3, 2015. HUD?1 is survived by?Dodd?Frank, TRID, Loan Estimate and Closing Disclosure. The funeral and interment will be consummated?following a three day waiting period. Created in 1974, HUD?1 and its partner, Good Faith Estimate maintained a long and largely …
Market Share Report – August 2015
As we all make our final preparations for the post-Trid implementation world beginning October 3rd, lets pause a?moment and reflect upon the positive aspects of this change. {{crickets}} . . . . . . . . . Just kidding! Seriously, although there?re a lot of changes to deal with, and that?s always hard for people, …
Market Share Report – July 2015
We?re now less than two months from implementation of the Truth?In?Lending and RESPA integrated?disclosures (TRID). We?ve carefully studied the rule. We?ve carefully considered how this will affect our?processes. We?ve upgraded our software. We?ve tested our software. We?ve waited for a software patch?to fix the bugs. We?ve tested the software again. We?ve started training our team. …
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