What's New in the Mortgage Industry

Super Bowl weekend

February 5th, 2010 9:27 AM by Susan Larson

Can you believe that it's Super Bowl already?  There is so much hype.  Kind of like the mortgage business.  I am going to root for the "Saints".  The underdogs.  I hope you all have a great Super Bowl.

There have been so many changes in the mortgage industry, it would be like writing a short book to explain them all to you.  There have been RESPA changes and form changes.  This all in hoping to help the consumer.  Between you and I (and I guess the whole world, since we are on the Internet) I think some of these forms have confused the consumer and some of the new guidelines with ordering appraisals has hurt the consumer.

Like I have always said, I don't think the people that pass the regulations have ever been in our business. 

This all has come about because of the bad people that were once in our business.  Most of them are long gone by now. Don't get me wrong, I do believe in regulations and think everyone should follow them.  

I guess all we can do is keep moving forward even with tighter guidelines for everyone including the consumers.  Have a great SUPER BOWL weekend.


Posted in:General
Posted by Susan Larson on February 5th, 2010 9:27 AM

Community Mortgage & Processing Corp.

312 W. Green Meadows Blvd.
Streamwood, IL 60107