By Rob Chrisman

Posted To: Pipeline Press

The mortgage industry continues to deal with unintended consequences of over-regulation, including higher prices for borrowers. The barrel industry is learning a thing or two about unintended consequences. There are many small whiskey distillers cropping up around the US, and the increased interest in drinking bourbon has led to a shortage of wooden barrels! Charred oak barrels are necessary for aging whiskey and new cooperages have begun operations around Kentucky in order to meet the new demand, anyone who can make a barrel is now in high demand, and the price of wooden barrels is going through the roof. With the ruling on overtime pay for originators , maybe fewer brokers are thinking about going into barrel making. Everyone is talking TRID. The new TILA-RESPA Integrated Disclosure (TRID…(read more)

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Via:: Court Ruling on LO Overtime; Mortgage Insurance Comparison; FHA/VA Lender Changes

      

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Written by : Mortgage News Daily

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