This is the second contribution of how real estate and lending is recalibrating.  The first article focused on how the lending climate has changed.  This second article touches upon Buyers' changing expectations and how the Lending model is evolving to meet the new expectations. Younger buyers are seeking turnkey homes.  In the recent past, it seemed that most young buyers were looking for homes that offered the sweet return of sweat equity.  Today, however, with ever

From what I know about conducting residential and commercial closings over the past sixteen plus years, I can tell you that since the "recession", there were many new regulations enacted to eradicate predatory lending and marginal loans (to try to avoid the foreclosure "title" wave).  In doing so, however, regulators created a much stricter lending environment. For one thing, Fannie Mae and Freddie Mack, in addition to other loan guarantors, now back almost all mortgages.  Hence, more

Recently, the Consumer Financial Protection Bureau (CFPB) issued its final rules creating new mortgage disclosure documents, which are scheduled to be implemented on August 1, 2015. The final rules combine various RESPA and TILA regulations to create all-new disclosure documents.  These documents were devised in an attempt to be more helpful to consumers, while integrating information from a myriad of existing sources, to reduce the overall number of documents needed to close on real estate.

To learn more about purchasing or leasing commercial space, please read David Waring's article, Buying vs. Leasing Commerical Real Estate,  featured in FitSmallBusiness.com's blog section. Our office is mentioned under the "Up front costs" section of the article!