RESPA RESPA RESPA; Chase Adding More Mortgage Centers; News from Citi, GMAC, Wells
ByPosted To: Pipeline Press
My wife asked me last night, "What would you do if I won the Lotto?" I said, "I'd take half, then leave you." "That is excellent," she replied. "I won $12 bucks, here's $6, now get the heck out." Life throws surprises at us all the time, and unfortunately for every single person in this industry, or so it seems, the looming RESPA changes have the potential of bogging down the business. And it is not even a surprise – we've known about it for months! Loan agents are confused about the forms, small mortgage brokers are wondering how they're going to adhere to the changes (even if they can figure out what those changes are), mortgage banks are wondering about their responsibilities, and investors are concerned about both their clients following…(read more)