 Greetings!
"And the long term trend is this: the world economy will recover. The future has not been cancelled."
- Tony Hayward, CEO, BP
Like you, NRI is adapting to changes thrust upon us by the current economy; we're also busy with long term plans for future growth. Our strategy continues to focus on how we can be of greater value to you. One way is to help you revise your relocation policy to address changes coming in 2010; ensuring a smooth transition. We're here and we can help!
Sincerely,
Susan Bender
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Good News!
Lender Fee Comparisons
Made Simple 
- Origination Fee
- Application Fee
- Processing Fee
- Administrative Fee
- Lock/Re-lock Fee
- Underwriting Fee
- Commitment Fee
- Lender Inspection Fee
- Lender Courier Fee
- Lender Wire Fee
- Document Prep Fee
- Lender Notary Fee
What are all these fees? They are fees charged to the borrower by mortgage lenders for processing a loan. Most are considered "normal and customary" and there is no consistency to what each lender calls their fees. Confusing? Is it hard to compare costs between lenders? You bet.
On January 1, 2010 all lenders will be required to consolidate their fees on the Good Faith Estimate (GFE) giving borrowers the ability to quickly and easily shop and compare costs. This consolidated lender fee will be called "Our Origination Charge" on both the GFE and the final closing statement.
There will continue to be additional pass-through fees required for the loan: appraisals, credit report, tax service, flood certification, title charges, government recording and transfer charges. These are required, but they are not lender fees.
In addition to the consolidation of lender fees, spousal income is no longer considered in qualifying for a new loan. Before year-end, your relocation policy should be revised to include these changes. NRI Relocation is here to help you make the change. Contact us now for timely advice on your policy: 800-598-8887 | |
TrendSpotting: Anticipated Trend in Short-term Assignments Within Europe in the Next Year
Taken from MOBILITY Magazine, November 2009
In a Global Benchmarking Survey conducted at the Worldwide ERCŪ Global Workforce Summit in 2009 (London), 60 percent of the HR/Mobility professionals surveyed anticipate an increase in short-term assignments within Europe in the next year. Slightly over one-fourth of the respondents (28 percent) believe the number of short-term assignments will remain the same and the remaining 12 percent predict a decrease.
Watch for more information about Temporary Assignments in our next issue of Notable Relocation Insights! | |
