Did all politicians, reporters and newscasters all flunk history?

by Builder Trade In Program May, 15

I'm sure all went to college.  You'd think they would be well versed in history. Why........because history is our best teacher and always repeats itself.


Headlines last week....5/12/15 "Scorecard: More Americans (finally) focus on savings!"


Headlines this week....5/14/15 "Consumers fail to open pocketbooks in April...


The Not So Obvious Benefits of Buying a New Home

by Builder Trade In Program May, 11


Home buyers have the choice of two types of houses on the market: resale or new.

Home buyers planning to buy a brand-new house or condominium often cite energy efficiency, open layout, a warranty, and being able to select appliances, flooring, paint colors and other design elements as factors driving their choice. 


New Home Friday 05-08-2015

by Builder Trade In Program May, 08

Big changes coming to the Mortgage industry on August 1st, 2015

by Builder Trade In Program May, 01


"The new TRIO disclosures and other requirements are major game-changers for how we will originate and close mortgages.”  

-Adam Kessler, President, Academy Mortgage


Due to changes required by the Dodd-Frank Act, the CFPB has published   revisions to Regulations Z and X (TILA and RESPA) that will create some significant changes to mortgage lending, effective August 1, 2015.  These TILA-RESPA changes-which   Academy is calling TR ID-include   2 new integrated disclosures: the Loan Estimate and the Closing Disclosure. These new disclosure forms have been extensively tested in focus groups to assure greater clarity.

Loan Estimate form: For the last 40+ years the mortgage industry has provided borrowers with a Good Faith Estimate (GFE) and an initial Truth-in-Lending disclosure ("early TILA").  The GFE and "early TILA" forms will be combined into one new form, called the Loan Estimate. The purpose of combining the previous forms into the new Loan Estimate is to help borrowers better understand key features, costs, and risks of the mortgage for which they are applying.


Closing Disclosure form: This form will be created to combine the HUD-1 and the final Truth-in-Lending disclosure.

The new Closing Disclosure form must be provided at least 3 business days before the consummation of the loan. This change and others will have an impact on the industry and provides Academy the opportunity to get out in front of the news.


Other changes:  In addition to the new forms, several rule changes and investor overlays are among the coming TRIO changes.


Here is a look at Now and Next look at how mortgages are originated and closed.




New Home Friday 05-01-2015

by Builder Trade In Program May, 01

New Home Friday 04-24-2015

by Builder Trade In Program Apr, 24

US Single-Family Landlords Are Raising Rent, now’s Your Time to Buy

by Builder Trade In Program Apr, 24

According to recent reports, some of the largest, corporate landlords in the country are planning to raise their rents an average of 4% this year.  Corporate landlords are seeking to profit from increased demand for rental homes after building a new real estate asset class on the rubble of the housing crash, as they built up their portfolios with low-priced properties.  But as the market has improved, and home prices increased, these investors are now ready to focus on optimizing revenues.  New and refurbished apartments are now renting for even more than a single family home, and landlords recognize this.


New Home Friday 04-21-2015

by Builder Trade In Program Apr, 21

New-Home Sales Up Nearly 25 percent as Builders Respond to Buyer Demand

by Builder Trade In Program Apr, 17

Depending on what part of the country you live in, a new-construction home may be your best way to avoid the bidding wars of the existing-home market.


New Home Friday 04-10-2015

by Builder Trade In Program Apr, 10