Tag Archives: government regulation

Do You Have A Comment Concerning The CFPB’s Proposed TRID Amendments?

If so, the time remaining to offer your opinion is running short! On July 26th the Consumer Financial Protection Bureau or CFPB released proposed amendments to the TILA-RESPA Integrated Disclosures aka TRID! For anyone who may want to comment the deadline to do so is October 18, 2016. An article from ALTA explains the amendments and provides […]

All-Cash Residential Real Estate Transactions – New Government Oversight Rules (Update)

Summary – ‘On July 17th, 2016, the Financial Crimes Enforcement Network (FinCEN), a bureau of the U. S. Department of Treasury, issued Geographic Targeting Orders to all title companies. The orders impose temporary new data collection and reporting requirements for all cash purchases of residential real estate by corporate entities in certain counties.‘ We continue […]

In Business, Are The Inmates About To Run The Asylum?

For the Baby Boomers in the crowd who are between 51 and 70-years old, remember your first job? Mine was working for a caterer when I was 12 or 13-years old where I would arrive at their cooking facility at around 7AM to load the truck with food, plates, table clothes etc. We would then drive to […]

Hey Strategic Planner, What Are Your Projections For The 2016 U.S. Economy?

Summary: Whether real estate, mortgages, law or anything else…For large corporations, small businesses or sole proprietorships, now is the time to start making our best guesses, plans and projections for 2016. What will the state and condition of the U.S. economy be in 2016? For a business owner, department head in a company or the leader of […]

Once Implemented, New Mortgage Disclosures Will Be Good For Consumers!

But is what’s good for the consumer necessarily an easy thing for the mortgage industry to actually implement? While the new mortgage disclosures will be easier for consumers to read and understand compared to the jargon of today, for the many players in the mortgage industry that come together to make-up a successfully closed loan, […]

Innovation leads to wealth creation and economic growth! (Video)

Throughout history there are certain constants that have driven the creation of wealth and economic growth in a given society! As this video will explain, it’s the accumulation of knowledge that is the key factor moving a civilization from one era to the next. As an example, can you name the major differences between the lifestyle and […]

Title insurance premiums too high? You should see my life insurance!

title insurance New York

Follow @Hallmark Abstract Service A recent article in The Wall Street Journal  by Roland Li spoke to what the author proclaimed to be the unjustly high cost of title insurance in New York State along with alleged abuses being perpetrated by abstract companies! Now I am not here to justify or question insurance rates set by […]