Updates in Mortgage Lending

This course examines the new RESPA and TILA changes that are going into effect in August of 2015. It details their intent as well as their likely practical implications for residential real estate transactions. Additionally, the course covers new loan products from Fannie Mae and Freddie Mac designed to increase home ownership, outline how lending guidelines have begun to loosen, and the effect FHA loans has had on the purchase market.

Finally, the course identifies new trends, as well as some of the "dirty little secrets" of the mortgage business that help attorneys more effectively represent their clients in these types of transactions.

Learning Objectives:

I.  Grasp the overall lending landscape 

II. Represent home purchasers and sellers by staying current on recent changes in the mortgage lending environment including:

• Regulatory updates
• Fannie Mae/Freddie Mac and FHA guidelines