WEICHERT FINANCIAL
As of Saturday, Oct. 3, the new TILA/RESPA regulations (better known as TRID) are in place. The efforts of our Weichert Financial Services employees, our sales leaders and our Weichert sales associates to understand the new rules and become “TRID Ready” have paid off. Since TRID went into effect, loan estimates are being issued on time, closing pieces are in place and there have been no unanticipated surprises. Nobody in the industry is more prepared than Weichert Financial Services to service our customers and clients and provide smooth and timely closings.
INDUSTRY NEWS
Some recent positive signs for homebuyers and sellers:
• Sales of new homes jumped 5.7 percent in August to the fastest pace in seven years, according to the Commerce Department.
• Consumer confidence in the housing market rose in September, according to Fannie Mae’s Home Purchase Sentiment Index.
• According to a survey from the Urban Land Institute Center for Capital Markets and Real Estate, the overall housing market should continue expanding at steady levels through 2017.
• The Conference Board said its index of consumer confidence increased in September to the highest level since January.
