August Regulatory Reform Update – SAFE Act Amendments Make Progress

Summer, particularly August, is typically quiet in Washington as both the House and Senate break for summer recess. Nevertheless, Congress has continued to move in its efforts to bring about changes to financial regulations. Specifically, bills were recently introduced in both the House and Senate aimed at amending provisions of the Secure and Fair Enforcement Read More

The ABCs of AMCs

Ask just about anyone and they’ll likely tell you that buying a house is stressful. Certainly, it’s the largest single purchase most Americans make. In addition to the expense, the process requires a great deal of time, not to mention completing seemingly endless amounts of paperwork when applying for a mortgage and during closing. Because Read More

Summer 2017 Snapshot: Houston Residential Real Estate Outlook

Although experts generally agree that the Houston economy has diversified significantly over the last 30 years, the fact remains that the oil and gas industry continues to dominate economic indicators here, including the housing market. As local industry observers know all too well, the dramatic drop in oil prices in 2014 dramatically affected the local Read More

CFPB Officially Releases Finalized Updates to TRID

On July 7, 2017, the Consumer Financial Protection Bureau (CFPB) issued a final rule regarding mortgage disclosure requirements. Known as the “Know Before You Owe” rule, and referred to within the industry as TRID (TILA-RESPA Integrated Disclosure), the final rule responds to requests for clarity since TRID went into effect in October 2015. The updates, Read More

July Regulatory Update – Housing Finance Reform

Many of the headlines related to financial regulatory reform since the 2016 election have revolved around banking reform and more specifically, the repeal of Dodd-Frank. Though not as prominent, calls have also been building for housing finance reform, nearly nine years after Fannie Mae and Freddie Mac were placed in conservatorship in the wake of Read More

What to Look for in an Appraiser

Given that the appraisal is one of the most critical steps in the mortgage process, it stands to reason that the choice of an appraiser and an AMC is an important consideration for lenders. So, what should you look for when searching for an appraiser? Here are three factors to help you select more wisely. Read More

Housing Market Outlook – Interpreting the Latest Data

As summer heats up, where are home sales heading? According to Reuters, economists had predicted sales of existing homes to dip slightly, so the modest 2.7 percent gain represented a surprise. Combined with the healthy 15 percent jump in new mortgage applications in May over the same period last year, the market appears to be Read More

Summer School – Keeping Up with the Latest in Industry Training

School may be out for the summer, but for mortgage industry professionals, the need to keep learning continues all year. Because Janus works with only the best and most qualified appraisers, we recognize the importance of continued training to keep up with the ever-changing regulatory, business and technology landscape in our industry. In addition to Read More

June Regulatory Reform Update

Pivoting from the Executive branch to the Legislative branch, May saw significant momentum in terms of financial regulatory reform. Specifically, the Financial Choice Act (Choice is short for Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs), a bill aimed at rolling back what some view as the more overreaching elements of Dodd-Frank, advanced through Read More

Fannie Mae sets sights on boosting millennial homeownership

Speculation about when greater numbers of millennials (the generation aged 18-34) would enter the housing market received a jolt of reality late last year. That’s when Trulia released a report, based on the latest census data, which revealed that nearly 40% of millennials continued to live with their parents – the highest percentage of that Read More

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