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WASHINGTON (June 29, 2015) — Pending home sales continued to rise in May and are now at their highest level in over nine years, according to the National Association of Realtors®. Gains in the Northeast and West were offset by small decreases in the Midwest and South.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, climbed 0.9 percent to 112.6 in May from a slight downward revision of 111.6 in April and is now 10.4 percent above May 2014 (101.9). The index… Read More

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WASHINGTON (June 29, 2015) — Pending home sales continued to rise in May and are now at their highest level in over nine years, according to the National Association of Realtors®. Gains in the Northeast and West were offset by small decreases in the Midwest and South.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, climbed 0.9 percent to 112.6 in May from a slight downward revision of 111.6 in April and is now 10.4 percent above May 2014 (101.9). The index… Read More

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Some C.A.R. members who have used DocuSign® AFTER the other party has used zipLogix Digital Ink® have reported that DocuSign® removes zipLogix Digital Ink® signatures causing the signatures to "disappear."
After investigation, it was found that this is NOT a zipLogix Digital Ink® defect but rather an issue with DocuSign® usage. This appears to only occur when the DocuSign® user uploads the PDF directly to the DocuSign® website. C.A.R. has alerted DocuSign® to this issue and they are continuing to work with C.A.R. to correct the issue when uploading PDFs directly to its website.

To avoid the problem entirely, C.A.R. members who use DocuSign® should USE zipForm® Plus to send the PDF for DocuSign® signature. For instructions on how to set up your zipForm® Plus Profile to use DocuSign® visit: http://on.car.org/esignprofile

Although this issue is not widespread, should you experience the above issue, please feel free to contact DocuSign® at 1-800-379-9973.

As a reminder, you should always open digitally signed documents with Adobe Reader, which has the necessary authentication process to ensure documents haven’t been tampered with. Adobe Reader is free and also available for mobile devices. Install Adobe Reader here

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The Consumer Financial Protection Bureau once again is proposing a new effective date for TRID. Just last week, the CFPB proposed delaying the effective date of the TRID rule until Oct. 1. As of today, the proposed effective date would be Oct. 3, 2015. The original effective date was Aug. 1, 2015.

The TRID rule requires additional mortgage disclosure forms and a more complex compliance apparatus for lenders.

The CFPB stated that it believes that scheduling the effective date on a Saturday may facilitate implementation by giving industry over the weekend to launch new systems and to test systems.

The proposal will be open for public comment until July 7.

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