Monday, November 21, 2016

Supreme Court Hears Mortgage Case; Other Legal Updates; CFPB's Financial Status Review

Posted To: Pipeline Press

"Made up my mind to make a new start…Going to California with an aching in my heart. Someone told me there's a girl out there, with love in her eyes and flowers in her hair." But once there, can a renter afford it, and try to save money for a future down payment? Research by Trulia finds the most expensive metro areas in the country (based on monthly mortgage payment as a percentage of income) are: San Francisco, CA (52%); San Jose, CA (43%); Los Angeles, CA (42%); Orange County, CA (38%); Honolulu, HI (37%); Oakland, CA (36%); San Diego, CA (35%); Ventura County, CA (31%); New York, NY (30%); and Miami, FL (27%). As the years have rolled by, residential lending has found itself more and more entwined with legal matters . As reported in this commentary, on Friday the CFPB...(read more)
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from Mortgage News Daily http://ift.tt/2fklwP2

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