TRID Is The New TILA-RESPA Integrated Disclosures
•The Loan Estimate replaces the initial Truth-in-Lending disclosure & Good Faith Estimate for most closed-end mortgage loans
•The Closing Disclosure replaces the final Truth-in-Lending disclosure & HUD-1 Settlement Statement for most closed-end mortgage loans
Disclosures are required on transactions for which the creditor receives an application on or after…October 3rd, 2015.
Cy-Fair ISD makes preparations to open 5 schools in 2 years
In response to the growth and new development in Northwest Harris County communities like Cypress, Cy-Fair ISD has embarked upon an aggressive expansion plan. This article from the Community Impact Cy-Fair provides an insight to the projects underway and planned. By Marie Leonard September 16, 2015
Construction is underway on two multischool sites, several new facilities and updates to older campuses as Cy-Fair ISD works to keep up with student growth.
“Because of the economic downturn in 2008, there were a lot of construction projects planned several years ago that had to be delayed,” Superintendent Mark Henry said. “We’re in the process of catching up. On the other hand, over the next five years we’re expecting around 9,000 or 10,000 new students, so we’re dealing with growth that occurred over the last seven years and growth that will occur over the next five years.”
CFISD was the fifth-fastest-growing school district in Texas during the 2014-15 school year, adding nearly 1,600 new students, according to a study by demographic firm Population Survey Analysts.
“The district is growing rapidly, and we’re pushing 115,000 students this year,” said Dillon Brady, CFISD assistant superintendent for facilities and construction. “Between now and 2017 we’re opening two high schools, two elementary schools and replacing an elementary school. We’re trying to stay in front of our needs.”
Construction is nearly 50 percent complete on Cypress Park High School, which is part of a 175-acre property at FM 529 and Westgreen Boulevard. The site will also house a middle school, expected to open by 2019, and an elementary school, which will open by 2020.
There are numerous advantages to building a multischool site—or educational village—ranging from cost savings to shared roadways and providing a sense of community for the students, Brady said.
“It’s an advantage for students and families in that your child can start kindergarten at that site and go all the way through 12th grade,” Henry said. “We think there are advantages with bus routes and transportation costs, and we have a centralized kitchen so it’s easier to deliver meals to those campuses. There are a lot of cost savings.”
The multischool site in Bridgeland is located between the Grand Parkway and future Mason Road, south of the future Bridgeland Creek Parkway. Construction began in late August on High School No. 12, which will be 570,000 square feet and four stories tall.
Construction is also underway on an adjacent 120,000-square-foot elementary school that will open for the 2017-18 school year. A middle school is planned for the site as well but has not been included in a bond.
The new campuses were designed with flexible spaces in mind, giving teachers the ability to create a unique culture of learning, Brady said.
“The way that High School No. 12 is placed and oriented allows for indoor and outdoor learning activities in a safe learning environment,” he said. “Inside you’ll see more glass, learning walls and activities built into the facility.”
From the US Consumer Protection Agency : courtesy of Fidelity Home Warranty.
More than one million
thermostats sold in the United States and Canada since 2006 are being
recalled because the batteries can leak and cause a fire. Product: The
thermostats are made by White-Rodgers, but some have different brand
names printed on the front, including ComfortSentry, DICO, Emerson,
Frigidaire, Maytag, Nutone, Partners Choice, Rheem, Ruud, Unico, Water
Furnace, Westinghouse and Zonefirst.
alkaline batteries used in the thermostat can leak onto the circuit board
posing a fire hazard.
should check thermostats for battery icon on the left side of the blue
lighted screen, if the battery icon is not shown, contact White-Rodgers
to receive a free repair or a replacement thermostat.
Consumer Contact: White-Rodgers
toll-free at (888) 624-1901 from 7 a.m. to 6 p.m. CT Monday through
Friday or click here.
Bridgeland continues its westward expansion. At the same time the developers respect the wildlife that have been calling this their home for many years...
"Developers started with a land plan that embraced the
bountiful natural environment. Bridgeland is located along the eastern
boundaries of the Katy Prairie, an environmental gem that has provided refuge
and foraging areas for more than 300 species of resident and migratory birds,
mammals, reptiles and amphibians. Bridgeland developers worked carefully to
protect the valuable land, including the historical Cypress Creek Corridor, a
substantial creek system that runs along Bridgeland’s northern boundaries. Careful
planning has not only preserved these natural attributes, but also revived the
areas through thoughtful development of amenities such as the Cypress Creek
Nature Trail. The first 1.5 miles of the nature trail opened in 2008. An
additional mile opened this year. Upon
completion, the trail will stretch for 6 miles." - http://www.bridgelandlife.com/
A special thanks to Mike McCurdy for the use of his video ... You'll see more videos from Mike in posts to come!
Posting this just a bit late - It's been a busy 2014 already!
I wanted to share the Bridgeland Year-End Recap with my readers. It was a great year for the community and the families that are fortunate to Live, Work, and Play here in Bridgeland!
March - Bridgeland Instagram Launched
April - Record Attendance at Nature Fest
July - Foundry Church Opened Its Doors
August - Pope Elementary Welcomed Its First Students
October - Won "Master Planned Community of the Year" Award
November - Howard Hughes Corp Wins "Best Workplace" Award"
December - Hidden Creek Construction Begins
Throughout 2014, I will post updates on the happenings in Bridgeland and Cypress Texas. I hope your will find them of interest to you and your family. And of course, if you would like to become one of my Bridgeland or Cypress neighbors in 2014 - please give me a call -
With the New Year upon us, we start to plan and resolve to move forward with hope and even excitement. It is also a good time to reflect on the year past.
It feels good to take a moment to laugh and smile at those moments with family and friends that gave you pleasure. If your year was full of challenges and difficult times, take time to say thanks for the strength that carried you through.
My “I Remember It Well…” list top 13 for 2013 includes:
I ran in the Houston Marathon – hardest thing I have ever done
Taking the kids snow skiing at Steamboat - Kyle skiing at age 2
Carmen played her first year of volleyball – such an exciting sport
My husband changed jobs – loves it
Brian and I went to The College World Series to watch Mississippi State - go Bulldogs
Lots of great family time on the boat this summer – all the kids water skiing
Kaitlyn and Carmen started piano lessons – music fills our home
We took Carmen on her first deep sea fishing trip – she caught her first saltwater fish
Girls started school at the new neighborhood school - Pope Elementary
Brian and I celebrated our 10th wedding anniversary – what a great guy
Took a girl’s trip to Carmel – saw magnificent whales in the Pacific
My brother, his wife Jessica and little Sawyer moved to Texas – so nice to have family close
My best year in real estate – really nice clients
If you made a list such as this for 2013 – what would be at the top of your list?
My friend, Russell Rhodes from SWBC Mortgage shared this news regarding FHA loans in his latest newsletter. If you need assistance with home financing, you can reach Russell at 832-382-2224 or visit his website at http://goo.gl/0QM1tl.
has made changes to how Collections, Charge Offs, Judgments and Disputed
Accounts are handled. These changes are effective as of October 15th, 2013.
Please see below a summary of the FHA Mortgagee letters 2013-24 and 2013-25
and if you have any questions please contact us. Thank you.
• These new rules are applicable for FHA case numbers issued on and after
October 15, 2013
AND/OR CHARGE OFF ACCOUNTS
collections and/or charge offs are excluded from this guidance.
letter of explanation from the borrower(s) is:
required for loans receiving an approved/eligible from FHA Total Scorecard
required for all manually underwritten loans. In addition to the letter of
explanation, the borrower(s) must provide supporting documentation that
provides the DE underwriter with evidence that the collection account was not
the result of the borrower’s disregard for financial obligation and/or
inability to manage debt.
be considered if the aggregate balance of all outstanding collections is equal to or greater than $2000.
for both manual underwrites and loans receiving a FHA Total Scorecard (DU) A/E
collections are EXCLUDED from this aggregate.
excluded by State law, the collection accounts of a non-purchasing spouse in a
community property State are INCLUDED in this aggregate.
of the following actions MUST be taken if the aggregate from all
$2000 or higher. (Note: If borrower A total is $1500 and borrower B total is
$600 the sum is over $2000 and therefore the guidance applies.
in full at or prior to closing (with the source of funds properly verified)
a payment plan has been made with creditor, include the agreed upon amount in
a payment plan has not been made, 5% of the balance must be included in DTI.
to all loans, whether approved by Total Scorecard (DU) or manually
must be paid in full at or prior to closing.
exception may be given if the borrower has entered into an agreement with the
creditor. Full documentation of the payment agreement required AND
a minimum of 3 months of scheduled payments have been made.
Borrowers may NOT prepay the scheduled payments in order to satisfy the 3 month
· Payments must be included in the DTI.
exempt by State law, the judgments of a non-purchasing spouse, in a community
property State, included in this guidance.
ACCOUNTS - DEROGATORY INFORMATION ON THE REPORT
category is used to determine if a manual downgrade to a loan is required, if
the loan is approved by Total Scorecard (DU) and there are derogatory disputed
items on the borrower’s credit report.
disputed information is defined as:
collection accounts – OR
charge off accounts – OR
accounts with late payments in the last 24 months
from the calculation are:
that are the result of identity theft; credit card theft and/or
unauthorized use. However, there must be appropriate documentation,
such as a police report, to substantiate the theft and/or unauthorized use
claim. If proper documentation cannot be obtained, then the
accounts are included in the calculation.
outstanding balances from all borrowers are $1,000 or higher the file must be
downgraded to a “Refer”. (Note: If borrower A total is
$500 and borrower B total is $600 the sum is over $1000 and therefore the
DE underwriter will then consider this derogatory disputed information in the
credit analysis as a manual underwrite.
- If the disputed information is
isolated and the overall credit profile of the borrower is acceptable, the DE
underwriter may leave the file with an open dispute.
- If the disputed information is
not isolated and/or the overall credit profile of the borrower is not
acceptable, the DE underwrite may require that the dispute be satisfactorily
resolved before the loan can be closed.
outstanding balances from all borrowers are $999 or less, a downgrade is NOT
ACCOUNTS - NON DEROGATORY INFORMATION ON THE REPORT
disputed information is defined as:
accounts with zero balance
accounts that are current and paid as agreed
accounts with late payments aged 24 months or longer
disputed accounts do NOT require a manual downgrade.
DE underwriter IS required to consider the disputed accounts and the potential
impact to the borrower’s ability to repay the loan, including the impact to the
In Houston and the surrounding communities, many
of us are fortunate to have a backyard pool or spa. For others the neighborhood
pools offer a haven from the heat, a place to cool off and to enjoy a
Unfortunately, every summer we hear news reports
about drowning victims of all ages from toddlers to seniors. Many of these
incidents could have been prevented if we all follow good water safety
What are those practices... from the Red Cross
website; I am sharing the best of best. Visit
http://www.redcross.org/prepare/disaster/water-safety for these and other
helpful information -
Follow these safety tips
whenever you are in, on or around water:
Safety Your Priority
in designated areas supervised by lifeguards.
swim with a buddy; do not allow anyone to swim alone. Even at a public
pool or a lifeguarded beach, use the buddy system!
that everyone in the family learns to swim well. Enroll in age-appropriate
Red Cross water orientation and Learn-to-Swim courses.
young children or inexperienced swimmers wear U.S. Coast
Guard-approved life jackets around
water, but do not rely on life jackets alone.
rules for your family and enforce them without fail. For example, set
limits based on each person’s ability, do not let anyone play around
drains and suction fittings, and do not allow swimmers to hyperventilate
before swimming under water or have breath-holding contests.
if you do not plan on swimming, be cautious around natural bodies of
waterincluding ocean shoreline,
rivers and lakes. Cold temperatures, currents and underwater hazards can
make a fall into these bodies of water dangerous.
you go boating, wear a life jacket! Most boating fatalities occur from
alcohol use. Alcohol impairs judgment, balance and coordination; affects
swimming and diving skills; and reduces the body’s ability to stay warm.
Unsupervised Access to the Water
and use barriers around your home pool or hot tub. Safety covers and pool alarms
should be added as additional layers of protection.
that pool barriers enclose the entire pool area, are at least 4-feet high
with gates that are self-closing, self-latching and open outward, and away
from the pool. The latch should be high enough to be out of a small
you have an above-ground or inflatable pool, remove access ladders and
secure the safety cover whenever the pool is not in use.
any structures that provide access to the pool, such as outdoor furniture,
climbable trees, decorative walls and playground equipment.
toys that are not in use away from the pool and out of sight. Toys can
attract young children to the pool.
supervise kids whenever around the water—even if lifeguards are present.
Do not just drop your kids off at the public pool or leave them at the
beach—designate a responsible adult to supervise.
stay within arm’s reach of young children and avoid distractions when
supervising children around water.
Know What to
Do in an Emergency
a child is missing, check the water first. Seconds count in preventing
death or disability.
how and when to call 9-1-1 or the local emergency number.
you own a home pool or hot tub, have appropriate equipment, such as
reaching or throwing equipment, a cell phone, life jackets and a first aid
in Red Cross home pool safety,
water safety, first aid and CPR/AED courses to learn how to prevent and
respond to emergencies.
·Get a professional AC check-up – clean and
·Adjust thermostat settings
·Increase your pool maintenance
·Re-seal your deck
·Check your hoses for leaks & set soakers
·Adjust your sprinkler schedule - check sprinkler
heads and coverage
·Clean your ceiling fans
·Check outside outlets
·Exterminate inside and outside
·Use appliances wisely – wash clothes and dishes
late evening or night / cut down on baking and indoor broiling
·Create with energy friendly window shades &
Purchase hurricanesupplies early – before the storm! With
the hurricane officially starting June 1st, here is a list** of
supplies that you should have on hand:
The 2012-2013 school year will be over before you know it and summer vacation will be upon us.
Now – is the time to register your kids for summer programs. Cypress and Northwest Houston has a great variety of programs for toddlers to tweens & teens.
You can find a program that is educational, such as math camp or one that encourages performing arts, such as children’s theatre, or a a program that hones in on athletics. like swimming or baseball, or a vacation bible school. Some programs are free for community residents; some charge a family friendly fee; while others can be a bit pricey.
If you are considering a sleepover camping experience for your child there are many things to consider. A good resource is “she knows parenting.”
Remember, enrollments are limited and registrations fill fast. I know you don’t want your kids to miss out on the fun or not be able to join their friends.
Check out my list of resources and programs below and you will won’t hear the proverbial cry of summer – “Mom, I’m bored – there’s nothing to do!
Summer 2013 Programs – General Information & Directories
Fest - April 27th 10:00am until 5:00pm Nature Fest will be a hoot as
event-goers attempt to break the Guinness World Records® title for the most
people giving a simultaneous bird call, finely feathered aerialists perform
seemingly impossible stunts and a world-renowned zoologist entertains with his
even more famous contingent of animals. Plus, camel and pony rides, bubble
runners, bumper boats and gourmet food trucks. Free!
Bridgeland - Nature Trails The trails in Bridgeland
are designed to appeal to a wide variety of homeowners seeking a broad range of
The hierarchy of trails are being developed in phases. Ultimately they will run border to border, to provide physical links
for pedestrian/bicycle traffic to various villages, village centers and
activity centers. Exercise trails with fitness stations, as well as nature
trails along waterways and creeks, meander through the development to provide
views of water fowl, aquatic plants/grasses and open up educational
the Cypress Creek Corridor and making it accessible to residents is part of
Bridgeland’s overall environmental plan, which strives to bridge the area’s
rich natural landscape and residential development.
In the early stages of
development, planners devised a multi-faceted and meaningful land use plan that
supports the legacy of the Katy Prairie, widespread environmental initiatives,
passive and active recreation for residents and community infrastructure,
Bridgeland is a wonderful community. I should know - I live here, work here, and play here. If you would like to join my family and I - just give me a call. I am sure together we can find that "just right" home!
Warner Elementary’s 6th Annual Spring Fling fundraiser and silent auction is on Saturday, April 6.
This year, we will have over 25 games and activities including a cake walk, face painting, inflatables, and much, much more! In the Warner Cafeteria you can bid on baskets in our silent auction. The Spirit Shop will also be open. Come have a great time with your children.
Bring your appetite! There will be hot dogs, pizza, nachos, cotton candy, water, soda, and more.