New Effective Know Before You Owe Mortgage Disclosure Rules
On October 10, 2017, amended rules were published in the Federal Register that will provide greater clarity and certainty to the Know Before You Owe, or TILA-RESPA Integrated Disclosure Rules (TRID). Receiving a mortgage, especially if it is your first, is likely to be the biggest financial decision you will ever make. You want to…
Bankruptcy Filings at Their Lowest Rates in a Decade
In 2008, a national wave of bankruptcies began and reached its peak during 2010 when nearly 1.6 million bankruptcies were filed. The United States Courts reported that the year of 2016 saw the fewest amount of bankruptcies filed since 2006. The reported number of filings for the calendar year was 794,960 which is down nearly…