My father and I are frequently asked, “What is “110” anyway?” As some may guess, it does have to do with the old cliché of giving “110 %”. However, thanks to an old, grey headed, tough as nails, hard lined, “do-it-right-or-not-at-all” football coach that Jack Mendheim, (the owner), Blake (Jack’s oldest son and the owner of 110 Builders, LLC) and Andrew (Jack’s youngest son and attorney with 110 Title) had the privilege of playing for at Covington High School, the saying is not just cliché but rather a lifestyle that carries into everything we do, including real estate title transactions.… read more →
As the CFPB continually implements new initiatives aimed at consumer protection in the lending/mortgage universe, lenders are constantly seeking good information regarding ways in which they can maintain compliance despite the changing regulatory landscape. The CFPB periodically provides a webinar to assist with compliance. However, who has time for webinars? If only someone would summarize the main points. Luckily there are resources out there. Read More…
The Consumer Financial Protection Bureau (CFPB) is an independent agency of the United States government responsible for consumer protection in the financial sector. Its jurisdiction includes banks, credit unions, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief services, debt collectors and other financial companies operating in the United States. The Great Recession of ‘07-‘08, the catalyst of which was the meltdown in the secondary mortgage market, proved a difficult time for many Americans. As residential home values depreciated rapidly over the coming years while the market for employment concurrently contracted, many homeowners defaulted on their upside down mortgages. The resulting… read more →
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