CFPB Finalizes TRID Effective Date

On Tuesday, July 21, 2015, the Consumer Financial Protection Bureau (CFPB) issued a final rule delaying the effective date for the TILA-RESPA Integrated Disclosures (TRID) to October 3, 2015. The new Loan Estimate and Closing Disclosure documents will replace the Good Faith Estimate, the HUD-1, and the Truth in Lending Statement on most residential loan […]

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moneysaving

How to Save for a Home Down Payment

Like any major purchase, a home purchase will require you to put down a certain percentage of the total price as a down payment. The bigger the down payment, the less you will borrow from the mortgage company or bank, and the less your payments will be. With every day expenses and current bills, it […]

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Supreme Court Rules on Disparate Impact Claims

On Thursday, June 25, 2015, the U.S. Supreme Court ruled in favor of a civil rights group, determining that lending, zoning, sales, or rental practices would be considered discrimination if proven to have a disparate impact on racial minorities, whether that impact was intentional or not. The 5-4 decision was the result of a case […]

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CFPB Issues Statement on TRID Enforcement Concerns

The Consumer Financial Protection Bureau (CFPB) issued a statement on Wednesday, June 3, 2015, stating that its enforcement of the TILA-RESPA INTEGRATED DISCLOSURES (“TRID”) will be sensitive to mortgage lenders making a good faith effort to enforce the new rule. Richard Cordray, Director of the CFPB, addressed the statement to Senators Joe Donnelly and Tim […]

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Happy couple in front of home

Tips and Strategies for Home Buyers

Preparing to purchase a home is an exciting time. It is also one of the most important financial decisions you will make in your life. So, as you prepare to take this step, it’s important to do as much research as possible. These tips and strategies will help you ensure a smooth, successful home buying […]

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food drive

Support NFM Lending’s Annual Food Drive!

NFM Lending is currently holding its annual food drive at its corporate and retail branch locations throughout the U.S. From June 1-30, 2015, NFM Lending employees and their friends and family members will bring in canned goods and other non-perishable food items into their local NFM Lending location. Donations collected in Maryland will go to […]

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Image via Decornos

8 Creative Ways to De-Clutter

Is your house feeling a little cluttered lately? With spring now in full swing, it’s a great time to clean up, get organized, and maybe even redecorate. If you feel like you have too much stuff and not enough space, maybe it’s time to focus on de-cluttering. Here is a list of tips and tricks […]

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How to choose a Real Estate Agent

How to Choose a Real Estate Agent

Purchasing and investing in real estate is a big deal. For most Americans, the purchase of a home is the most expensive purchase they will ever make. But choosing to fly solo in such a major transaction could end up being more costly than a real estate agent’s commission. So how do you choose a […]

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lightbulb

Energy Efficiency Tips and Upgrades for Your Home

Increasing your home’s energy efficiency offers a lot of benefits: lower energy bills, lower environmental impact, and even increased home value. This Earth Day consider some of these energy-saving tips for your home that will save you money and reduce your environmental footprint. Replace Your Light Bulbs According to the U.S. Department of Energy, the […]

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