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Author Archives: Xhevrije West

Xhevrije West is a talented writer and editor based in Dallas, Texas. She has worked for a number of publications including The Syracuse New Times, Dallas Flow Magazine, and Bellwethr Magazine. She completed her Bachelors at Alcorn State University and went on to complete her Masters at Syracuse University.

CFPB Announces Proposal to Delay TRID Implementation Until October 1

This announcement comes just two weeks after the CFPB announced that a grace period will be in effect for those servicers attempting to comply in good faith with the TRID requirements that are scheduled to go into effect August 1. While the CFPB did not push back the August 1 implementation date of the rule, it attempted to ease some of those concerns by saying it would take into account a company's good faith effort to comply with the rule after it goes into effect.

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Mid America Mortgage Welcomes New National Underwriting Manager

In his previous position at Fannie Mae, the company mentions that Tracy was responsible for conducting file reviews based on Fannie Mae and desktop underwriter guidelines, identifying and investigating potential fraud, conducting risk analyses, and communicating file review results to internal and external customers.

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Fed Reports Household Wealth Rose to $85 Trillion in Q1

Americans appear to be keeping borrowing to a minimum and evading debt as the report noted that household borrowing was at its lowest rate since the end of 2013. Household debt increased at an annual rate of 2.2 percent in the first quarter of 2015 totaling $13.6 trillion.

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Lawmakers Request More Transparency From FHFA On Transfer of Credit Risk

U.S. Senators Mark R. Warner (D-Virginia), Bob Corker (R-Tennessee), Heidi Heitkamp (D-North Dakota), Mike Crapo (R-Idaho), Jon Tester (D-Montana), and Dean Heller (R-Nevada) sent a letter to the FHFA Director Mel Watt, requesting for clarity in risk sharing transactions to help drive competition in the secondary mortgage market.

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Survey: Three In Five Americans Believe Country is Still in Midst of Housing Crisis

According to the survey, of the three in five Americans that believe the housing crisis is not over, 41 percent believe we are “still in the middle” of the housing crisis, while 20 percent feel “the worst is yet to come.” This is an improvement from 2014 where 70 percent of Americans felt the housing crisis has not passed, while 77 percent felt the same in 2013.

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