Posted by ME/NJ on 1/10/13 8:08am
Msg #449752

New rules for loans out will start 1/2014

Time to start looking for something else. Rules will cut loans big time.

Reply by pan/nd on 1/10/13 8:18am
Msg #449753

And the world was supposed to end Dec. 21st and it didn't.

I'm independently poor so it doesn't make any difference to me.

Reply by snowflake/PA on 1/10/13 8:35am
Msg #449755

Right there with you pan/nd. n/m

Reply by jba/fl on 1/10/13 9:08am
Msg #449763

"independently poor" - ROFL WITH you - common plight. n/m

Reply by Larry/IL on 1/10/13 8:46am
Msg #449756

These new rules will not affect me at all.

The new rules " ( http://files.consumerfinance.gov/f/201301_cfpb_ability-to-repay-factsheet.pdf ) ", will not affect the 40 + closings / Month I have been seeing in recent months. I don't see any of the loans I have been doing going away unless rates start to creep up slowing down the refinancing. Maybe some more documents added to the package, but that's it.

Reply by Shoshana/AZ on 1/10/13 8:55am
Msg #449759

The Sky is falling, the sky is falling!

You have a really positive attitude! Not! Many of these issues have already been dealt with. The HARP loans will last for a while.

Reply by CentralNY on 1/10/13 9:13am
Msg #449765

I agree, a lot of this

has been addressed and is in place. I currently don't see any predatory lending.

Reply by MW/VA on 1/10/13 10:05am
Msg #449768

Ditto, Shoshana. The new "rules" for lending are already

in place--no interest only loans & no "no doc" loans. I've heard interest rates will stay loan for several years, and HARP isn't going away anytime soon.

Reply by C. Rivera Chicago Notary Services on 1/10/13 10:45am
Msg #449772

If you're going to throw something out like this, at least

have the decency to post a link to what the heck you're talking about?! GEEZ!

Reply by Jim/AL on 1/10/13 11:55am
Msg #449780

I think that AL notaries should find new jobs soon. n/m

Reply by CentralNY on 1/10/13 12:35pm
Msg #449785

Pray tell, why? n/m

Reply by Jim/AL on 1/10/13 12:48pm
Msg #449786

Re: Pray tell, why? MORE $$$ for me. n/m

Reply by Linda_H/FL on 1/10/13 12:51pm
Msg #449788

ROFL!! Nice try, Jim!!.. :) n/m

Reply by MW/VA on 1/10/13 3:30pm
Msg #449833

ROFMAO! Jim. Good one--scare the competition away! ;-) n/m

Reply by Clem/CA on 1/10/13 1:34pm
Msg #449798

Re: I think that AL notaries should find new jobs soon.

I had a job once.... they are highly over rated

Reply by Shoshana/AZ on 1/10/13 1:35pm
Msg #449799

Jim, you made my day! ROTHLMAO! n/m

Reply by Bob_Chicago on 1/10/13 2:23pm
Msg #449807

Re: Jim, you made my day! ROTHLMAO!

Not up on the latest acronyms. Does that mean
"Rolling on the head laughing my etc etc? or just poor typing. LOL
Speaking of LOL, heard about a grandma, who thought that she knew how to text.
She thought that LOL meant "lots of love."

Friend's hubby died and she texted "So Sorry to hear about Bill . LOL"

Reply by Shoshana/AZ on 1/10/13 2:28pm
Msg #449809

Re: Jim, you made my day! ROTHLMAO!

Scratch that "T" and make it an "F" please! LOL!