September 15, 2009
The Five Star Default Servicing Conference and Expo brings together a vast network of government, lending and service providers in the real estate industry. The annual conference gives us an opportunity to discuss every aspect of the industry, including where it’s been, where it is now, and where it might be headed.
It’s the largest conference in the foreclosure and REO industry and it offers networking opportunities designed to help us build new client relationships and strengthen our growing market presence.
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September 14, 2009
What is the Mortgage Disclosure Improvement Act? Basically, the federal government has put forth a legislation that replaces the 3-day waiting period for initial disclosure with a 7-day waiting period that does not include Sundays or holidays. Also, before the borrower can close on a transaction, they must receive the initial Good Faith Estimate (GFE), and the initial Truth in Lending (TIL) statements quoting the final Annual Percentage Rate (APR) seven days prior to closing.
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