TRID Mythbusters!

My 10 year old kid is trying to tell me that having an Ipad at school is mandatory. Now that is a rumor if I ever heard one....he just wants to get out of the punishment I dished out to him for getting behavior marks at school. Nice try big guy.

 

 Speaking of rumors......

 

 TRID Rumors We are Hearing- True or False!?

• Buyers/Sellers cannot be in the same room at closing . FALSE!

• The Pre Approval Letter must match the 3rd Party Financing Addendum. FALSE

• Getting the TREC form signed allowing realtors to have a copy of CD/LE must be accepted by the lender. FALSE -Many lenders are not 'caring' if you have that form in the file. Legacy does! We will give you a copy if that form is signed!

• Saturdays count as one of the 3 days for the CD Delivery. TRUE!  Legacy is working on Saturday this weekend to initiate CD's so borrowers can close Tuesday!

  

In the markets:

READ HERE to see what happened with rates this week!

Hope you have a safe and joyous Thanksgiving!

Upcoming Events

-

Prospects Seminar/Lunch & Learn:

Retirement Planning in the 

World Today

Monday, November 23rd

@ 12:00pm

At our office

*Lunch Included!*

-

Lunch & Learn:

TRID Best Practices

Tuesday, December 1st

@ 1:00pm

At our office

*Lunch Included!*

RSVP to Annette:

713-579-3606

Annette.ernstein@legacymutual.com

Make 2016 Your Best Year Ever!

Happy Friday !

 

So 13 has actually always been a lucky number for me. It's all about what you believe you know? The power of positive thinking! Today is going to finish a great day!

 

As you are reading this, I am finishing a 2 day conference with the Core Training Inc (our biannual summit) this year in Scottsdale. As many of you know, I am in my 6^th year as a coaching student, and my 4^th year as one of the Core's Lender Coaches! So.....be sure to attend one of my 'Learns' next week on HOW TO MAKE 2016 YOUR BEST YEAR EVER!  Just a short 60 minutes of your time, and you will have a take away , I guarantee you! I know what I am talking about! I live and breathe this stuff! Pass to a coworker as well, and just be sure to RSVP to the RIGHT!

 

As a teaser...check out this 30 minute webinar about how to get a corporate account! This could explode your business this year! https://youtu.be/uTlKIxQ9GVw

 

I was honored to be highlighted in an article by Floify (one of our trusted vendors) this week. You can check it out HERE!

  

In the markets:

READ HERE to see what happened with rates this week!

Upcoming Events

-

Lunch & Learn:

How to Make 2016 Your

Best Year Ever!

Wednesday, November 18th

@ 12:00pm

At our office

*Lunch Included!*

-

Breakfast & Learn:

How to Make 2016 Your

Best Year Ever!

Thursday, November 19th

@ 9:30am

At Tradition Title Company

4000 Washington Ave, 77007

*Breakfast Included!*

-

Prospects Seminar/Lunch & Learn:

Retirement Planning in the 

World Today

Monday, November 23rd

@ 12:00pm

At our office

*Lunch Included!*

 

RSVP to Annette:

713-579-3606

Annette.ernstein@legacymutual.com

Rates are up!

Happy Friday!

Whoooop! We are taking my kids to their first Texas A&M football game! I am an Aggie, and have not been back in over a decade! I know, I'm a slacking alumni, but now my kids are at the age they can enjoy it. So here we go!!!!!!!! Beat the heck outa Auburn!

 

In the markets:

 

As of late Thursday, the rates were at the highest level in 7 weeks. Fed Chair Janet Yellen in recent Fed meetings almost all but promised that there will be a rate hike in December. In other words, investors are bracing themselves, and with that positive news means increased earnings for banks and the like. Profits! Banks have been earning very little for a long time. With the overnight funding rate at almost zero percent....that is free money!? On the other hand, businesses will have to spend more to borrow. Uh Oh...the pendelum swings both ways. Either way, this kind of news makes markets go crazy. Good and bad. So stocks have been up, and that makes bonds suffer, with lower prices from lower demand, and therefore, higher yields (rates).

 

Then we had a mid day reprice when the jobs report came out stronger than expected. More signaling of a strengthening ecomony, and more ammo for the rate hike (possibly) in December.

 

Stay tuned.........

Upcoming Events

Lunch & Learn:

How to Make 2016 Your

Best Year Ever!

Wednesday, November 18th

@ 12:00pm

At our office

*Lunch Included!*

-

Breakfast & Learn:

How to Make 2016 Your

Best Year Ever!

Thursday, November 19th

@ 9:30am

At Tradition Title Company

4000 Washington Ave, 77007

*Breakfast Included!*

 

RSVP to Annette:

713-579-3606

Annette.ernstein@legacymutual.com

Hocus Pocus

Did you know that rubbing Vick's Vapor Rub on your feet and putting socks on at night will HELP YOUR COUGH/COLD!?  I know... I thought that too, that my mother in law's 'trick' was a bunch of Mexican old wive's tale hocus pocus. But it works! Just ask my 5 year old that was cured the other night! Fever and non stop coughing, GONE!

 

Speaking of hocus pocus...have you closed your first TRID transaction yet? We have!

 

WATCH HERE !

 

In the markets:

The statement released following Wednesday's Fed meeting was not good for mortgage rates. This week's economic data was roughly neutral. As a result, mortgage rates ended the week higher.

Central banks around the world have had a heavy influence on mortgage rates recently. Last week, the increased willingness of theEuropean Central Bank (ECB) to expand its bond buying program had a favorable effect, while China's policy changes had an offsetting effect. This week, it was the U.S. Fed. Even though many recent economic reports in the U.S. contained signs of a slowing economy, the Fed statement explicitly kept the door open for a federal funds rate hike at its December meeting. The hawkish tone surprised investors and caused an unfavorable reaction in mortgage rates.

Upcoming Events

Lunch & Learn:

TRID: Best Practices

Wednesday, November 4th

@ 12:00 pm

*Lunch Included*

RSVP: annette.ernstein@legacymutual.com