Escrow is the process of working through all the legal requirements of a home purchase. Escrow companies (or lawyers in some states) take in and disburse money among the parties involved. These funds include earnest money deposits, closing costs, down payments, mortgage funds, real estate commiss...
Those who are unfamiliar with TRID, the major change is that the Good Faith Estimate is going away in favor of a new “Loan Estimate” and the HUD-1 Settlement Statement is going away in favor of a new “Closing Disclosure.” TRID provides for specific deadlines as to when the Loan Esti...
How does the NSP1 Bridge Notice impact the purchase discount requirements for NSP1 funding? The primary ways that the purchase discount requirements are impacted include: elimination of the aggregate purchase discount for NSP1 acquisitions of foreclosed upon homes or residential properties. reduction...
Escrow is the process of working through all the legal requirements of a home purchase. Escrow companies (or lawyers in some states) take in and disburse money among the parties involved. These funds include earnest money deposits, closing costs, down payments, mortgage funds, real estate commiss...
Those who are unfamiliar with TRID, the major change is that the Good Faith Estimate is going away in favor of a new “Loan Estimate” and the HUD-1 Settlement Statement is going away in favor of a new “Closing Disclosure.” TRID provides for specific deadlines as to when the Loan Esti...