|Federal judge sides with Trump in fight over CFPB director
A federal judge ruled in favor of Donald Trump Tuesday, allowing his pick of acting director of the Consumer Financial Protection Bureau to stay in power. This past weekend, the CFPB erupted into chaos as two leaders showed up to the office as acting director - and no one knew who to follow. The judge blocked a restraining order issued by form CFPB Director Richard Cordray's pick for acting director. Cordray appointed Leandra English as acting ... [read more]
|Senate may vote on tax reform as soon as this week
Tax reform is an important, priority issue put forward by the Trump administration. And there are two different tax reform plans currently being debated, each of which has a different impact on the mortgage interest deduction. Will MID stay as is or go down a new road?
|FHFA increases conforming loan limits for 2nd straight year
Last year, the Federal Housing Finance Agency increased the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac for the first time since the housing crisis. And now, the FHFA is doing it again. For the second year in a row, and the second time since 2006, the FHFA is increasing the conforming loan limits for Fannie and Freddie in 2018. The FHFA announced Tuesday that it is increasing the conforming loan li ... [read more]
|Scott Dostal Mortgage Team Update
The Scott Dostal Mortgage Team would like to take this time to thank all our clients! We truly appreciate your business! We strive to make the home financing process a smooth one by exceeding our client's expectations when it comes to our customer service! We have been busy the last couple of months and wanted to list some of the highlights: * We financed a four-unit home in downtown Rehoboth, a block from the beach. We were able to help this c ... [read more]