July 18, 2018

Lending Rule Changes Take Effect Monday

The Urban Turf offers some helpful information on new lending rules set to take effect on Oct 3: "What DC Homebuyers Need to Know Starting Monday. New home loan applications received on or after this Saturday will be subject to the Consumer Financial Protection Bureau’s final rule for TRID. TRID stands for TILA-RESPA Integrated Disclosures, forms that will replace existing closing disclosures as well as the HUD-1 settlement statement. The introduction of these new forms will come with new … [Read more...]

Double-digit gains in DC Metro contract activity in August | RBI

Real Estate Business Intelligence reports: "The Washington, D.C. Metro housing market ended the summer season with strong sales activity.  Pending sales are at their highest August levels in a decade, while sold activity is at the third highest August level in a decade.  Median sales prices dipped slightly, overall inventories increased, although at a slightly slower pace than recent months, and median days-on-market increased to 25 days. The 4,515 closed sales in August represent a 7.8% … [Read more...]

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