CFPB Dodd-Frank Patch Qualified Mortgage Act 2019-05-29 Seth Welborn Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Related Articles The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / CFPB Updates on Dodd-Frank, Qualified Mortgage Patch The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Demand Propels Home Prices Upward 2 days ago CFPB Updates on Dodd-Frank, Qualified Mortgage Patch in Daily Dose, Featured, Government, News Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: CFPB Dodd-Frank Patch Qualified Mortgage Act Print This Post May 29, 2019 2,596 Views Previous: Britain’s Barclays Returning to U.S. Mortgage-Backed Securities Market Next: Technology Coming to Loan Applications The Consumer Financial Protection Bureau has released its Spring 2019 rulemaking agenda, part of the Unified Agenda of Federal Regulatory and Deregulatory Actions.Included in the Bureau’s rulemaking is a Notice of Proposed Rulemaking to follow up on an interpretive and procedural rule that it issued in August 2018 to provide clarification regarding Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018 (EGRRCPA) amendments to the Home Mortgage Disclosure Act (HMDA). These created “partial exemptions that allow certain insured depository institutions and insured credit unions not to report certain data points for some transactions.”The Bureau also announced several new projects down the line. According to the CFPB, after completing an assessment in October 2018 of its rules to implement Dodd-Frank Act requirements for international remittance transfers:The Bureau issued in April 2019 a request for information to gather information related to the expiration of a statutorily established exception in the Remittance Rule that permits insured banks and insured credit unions to estimate certain required disclosures and other potential remittance transfer issues and related topics. The Bureau also recently completed an assessment of rules implementing Dodd-Frank Act provisions that require mortgage lenders to determine consumers’ ability to repay loans and define certain ‘qualified mortgages’ that are presumed to comply with the statutory requirements.As part of its plan, the CFPB notes that it will be focusing its attention on the Qualified Mortgage “Patch” on loans that are eligible to be purchased or guaranteed by either Fannie Mae or Freddie Mac.In addition, the CFPB will be reviewing existing regulations, such as, “conducting an assessment pursuant to section 1022(d) of the Dodd-Frank Act of its regulations to consolidate various mortgage origination disclosures under the Truth in Lending Act and Real Estate Settlement Procedures Act.”In May 2019, the CFPB published its plan for conducting reviews consistent with section 610 of the Regulatory Flexibility Act, and also “issued a request for information on the first such review, concerning the impact of certain regulations concerning overdraft services on small banks and credit unions.” Subscribe About Author: Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days ago
Follow these five tips for negotiating so you don’t pay too much.THE majority of home buyers are only in the market a few times in their lives, so negotiating on a property price can bit a bit awkward if you aren’t used to it.According to Darren Piper of Universal Buyers Agents said there were five things all buyers should do to help them negotiate like a pro.ASK FOR WHAT YOU WANT“Successful negotiators are assertive and challenge everything – they know that everything is negotiable,” Mr Piper said.He labelled this “negotiation consciousness’’ and said this was what made a big difference between negotiators.SHUT UP AND LISTENMr Piper said he was amazed by all the people he met who couldn’t stop talking.“Negotiators are detectives – they ask probing questions and then shut up. The other negotiator will tell you everything you need to know – all you have to do is listen.”DO YOUR HOMEWORKDo your home work well before the negotiating starts.More from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor2 hours agoIt was important to gather as much pertinent information as possible before you start negotiating.“What are their (the sellers) needs?’’ he said“What pressures do they feel? What options do they have?’’Mr Piper said this was vital information and you couldn’t make accurate decisions without understanding the other side’s situation.WEIGH up these three things before buying an investment property“The more information you have about the people with whom you are negotiating, the stronger you will be. People who consistently leave money on the table probably fail to do their homework.”ALWAYS BE WILLING TO WALK AWAY“When you say to yourself, ‘I will walk if I can’t conclude a deal that is satisfactory’, the other side can tell that you mean business,’’ he said.DON’T BE IN A HURRY“Your patience can be devastating to the other negotiator if they are in a hurry because they start to believe that you are not under pressure to conclude the deal,” he said.
Premier League clubs set a new record during the transfer window, with total spending in 2015 breaking the £1billion barrier for the first time. Transfer spending during the summer window totalled £870million – £35million more than the £835million spent last summer, according to analysis by the business advisory firm Deloitte. Just over £130million was spent in the January window. Manchester City set an individual record, with £160million splashed out on new talent this summer. :: Premier League clubs spent around £90million on deadline day compared to £85million a year ago. :: Manchester City recorded the highest-ever gross spend by a Premier League club in a summer transfer window, spending £160million on new talent this summer. :: The four Premier League clubs competing in this season’s Champions League – Arsenal, Chelsea, Manchester City and Manchester United – had a combined gross transfer spend of £340milion (around 40 per cent of the total). :: The next highest spending league was Italy’s Serie A, with a gross spend of £405million. Spain’s Primera Division was next with a gross spend of £400m, followed by the German Bundesliga with £290million and France’s Ligue 1 with £220million. :: Football League clubs benefited from net transfer fees of around £50million from Premier League clubs. The total at the start of the day stood at £790million – £45million short of the £835million record set last summer – but Anthony Martial’s £36million move from Monaco to Manchester United helped break the record. Press Association Fuelled by its huge television deals, the Barclays Premier League clubs’ spending has easily outstripped the rest of Europe – and spending on players from overseas clubs was £585million. Alex Thorpe, senior manager in the sports business group at Deloitte, said: “This summer has seen another record level of transfer spending, as Premier League clubs continue to use increases in their revenue to invest in playing talent. “Gross spending of £870million by clubs across the league has broken the record of £835million set last summer. Total spending in 2015, across both the January and summer windows, is also a new record, reaching the £1billion mark for the first time. “With all 20 of the Premier League clubs now ranked in the top 40 globally by revenue, we have seen clubs across the league compete successfully in the market for international talent. Premier League clubs’ gross spending on players from overseas clubs this summer totalled more than half a billion pounds. “Looking across Europe, Premier League clubs’ gross and net spending this summer is more than double that of any other European league. The driving force behind this is the growth and distribution mechanism of the league’s broadcast rights. “Earlier this year we reported the remarkable rebalancing of revenues and costs, such that Premier League clubs collectively generated pre-tax profitability for the first time since 1999, with clubs set to enjoy a further revenue boost when the next broadcast deals start in 2016. “Therefore, despite a new record level of player transfer spending this year, collectively Premier League clubs have a chance to invest in playing talent whilst remaining profitable in a way that was previously not the case.” Deloitte’s analysis found that:
Khadi and Village Industries Commission (KVIC) has once again appeared as a torch-bearer of Prime Minister Narendra Modi’s call and vision of ‘Make in India’. With plantation drive of saplings of special variety of Bamboos having its botanical name ‘Bamboosa Tulda’ launched recently in New Delhi at Chanakyapuri, KVIC has derived a novel and innovative way to check the wastage of time and money being spent by India’s manufacturers of incense sticks in importing raw bamboo sticks and raw Agarbatti from China and Vietnam. Also Read – An income drop can harm brainNew Delhi Lok Sabha MP Meenakshi Lekhi and KVIC Chairman Vinai Kumar Saxena, on this occasion, planted 100 saplings of Bamboosa Tulda, which would be used exclusively for agarbatti-manufacturing. KVIC Chairman informed that taking cognisance of steep decline in setting up of new Agarbatti manufacturing units in the country and multi-dimensional problems of Agarbatti industry in India, KVIC had conducted an internal research and found that if local farmers start growing high-quality bamboos on their lands, it would end total dependence on import of raw Agarbattis and sticks from abroad, which would not only save precious Forex, but also create employment opportunities to the people engaged in it, besides increasing the income of the farmers. Also Read – Shallu Jindal honoured with Mahatma AwardStating that despite huge employment potential in Bamboo sector, number of agarbatti projects have been declining and leading to heavy employment loss, Saxena said that since import duty on raw Agarbatti had been reduced from 30% to 10% in 2011 and gradually brought down to 5% in 2018 due to Indo-ASEAN Free Trade Agreement (FTA), import of raw Agarbatti into India had been surged from mere Rs 31 crore per annum in 2009 to 546 crore in 2018. KVIC has planned to plant 20,000 Bamboosa Tulda every year, so that dependency on import of bamboos could be checked by 2022.
The Alabama Public Service Commission and AT&T has announced a new area code in Central Alabama.The new area code is 659. If you already have the 205 area code that will not change. The new area code has been created for new phone numbers.Starting in April, residents in Jefferson County registering a new number will receive the 659 area code.Those who live in Tuscaloosa, Jasper, Pell City, Birmingham, Clanton and Hamilton will see this change after this spring.