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Rob Chrisman began his career in mortgage banking – primarily capital markets – 35 years ago in 1985 with First California Mortgage, assisting in Secondary Marketing until 1988, when he joined Tuttle & Co., a leading mortgage pipeline risk management firm. He was an account manager and partner at Tuttle & Co. until 1996, when he moved to Scotland with his family for 9 months. Read more...

Latest posts by Rob Chrisman (see all)

Zillow Porchlight
Inman
HomeOwners & Investors

8 Tips for Achieving Maximum Coziness

Gray skies don't have to mean a drab indoor life. [...]

A 3-Step Downsizing Plan

When it's time to move to a smaller home, these tips will help you save the memories while minimizing clutter in your new place. [...]

How to Carve the Best Pumpkin on the Block

To ensure your jack-o'-lantern is primed for Halloween, follow these tips. [...]

Regain Your Garage: Simple Tricks for Getting Organized

A thoughtful approach to garage storage makes the most of this valuable space and keeps every necessity at your fingertips. [...]

How to Plan an Outdoor Movie Night

How to Plan an Outdoor Movie Night

See the stars in your own backyard ... on your DIY big screen, that is. [...]

Bright MLS welcomes teams into its platform

Bright MLS welcomes teams into its platform

As teams continue to dominate the real estate industry, the major Mid-Atlantic MLS is launching new tools to help them better track their performance. [...]

WATCH: Innovation within real estate

WATCH: Innovation within real estate

We are constantly on the hunt for the latest tech or the hottest company set to change the face of the industry, but what is truly innovative, and what is just noise? [...]

Learn what’s going on outside of your real estate bubble

Learn what’s going on outside of your real estate bubble

"There is no better place to learn about what is going on outside of your real estate bubble than Inman Connect. It is vital if you are a professional." That's what Nicholas Yale, owner of Brokers Hub Realty, said after attending last month's Inman Connect Las Vegas. Grab your ticket now for the next Inman Connect — Jan. 25-27, 2022. [...]

Drop in demand for mortgage refinancing hints at what’s to come

Drop in demand for mortgage refinancing hints at what’s to come

Applications to refinance fell 41 percent from a year ago as rates increased for the third week in a row, according to The Mortgage Bankers Association’s Weekly Mortgage Applications Survey. [...]

Next year to be a ‘mixed bag’ for real estate: realtor.com report

Next year to be a ‘mixed bag’ for real estate: realtor.com report

Recent inventory shortages may ease somewhat in 2022, but demand will probably still exceed supply, and affordability will be challenging. [...]

When do we think the spring market might start?

I accepted an offer on my house last Friday and the closing is set for 12/21. I'm moving in with my fiancé at his house while we search for a house together. Looking around and packing up, I'm trying to decide what I might need for a few months and what can absolutely go to storage. And knowing what to pack/not pack is influenced by when spring market might start. Thanks! submitted by /u/sassydomino [link] [comments] [...]

Law on NonDisclosure of Home Prices in Louisiana

Hi all, I keep seeing lists of various "NonDisclosure States" in which sites like Zillow aren't supposed to show the prior sales price for homes. Can anyone tell me about the legal basis for this in the State of Louisiana? I've been looking on http://legis.la.gov/Legis/LawSearch.aspx to try to find the relevant law and am coming up dry. Nothing on the state Real Estate commission site either. submitted by /u/AspireAgain [link] [comments] [...]

Bought a home during pandemic. Feel like I'm going to outgrow it in a few years. Need help evaluating my next step.

I posted this on /r/personalfinance but got recommended to ask here instead. So here's the situation. I started a family, saved up my money for a few years...saw the housing market going crazy and decided to purchase a home I could afford. I jumped on a house with 3 bedrooms + middling garage in Southern California. Bidding wars were difficult in this area... home were constantly above ask... felt lucky to get this home for 10K above ask, this was back in 2020. I will now go into a list of items that make me uncomfortable about the home: I… [...]

Minnesota lease question

5 months ago I signed a one year lease in Minneapolis suburb, I believe it was a standard Minnesota Lease that has 3 month penalty for breaking the lease. The building has a no smoking sign, but people in the apartment next door smoke inside and there is a strong smell of cigarette smoke in my apartment. I told the landlord about it multiple times, he tried to use some oils or something of that sort, but it's obviously not working. Do I have a merit to get out of the lease early? I'm a 42 y.o. guy that never… [...]

Capital Gains Tax Advice

Still in my first few months of real estate here in Oklahoma. If this is ignorant, I apologize. All numbers included are not the actual info of my client. I have a seller that bought his home in April of 2020 and wants to sell it now, due to job relocation. He doesn’t have to move right away but is willing to. He bought the home for $170k and I just sold one 5 houses down for $205k two weeks ago. Assuming he makes $35,000 from the sale, minus $10,250 for commission, leaving him with $24,750 before the remaining closing… [...]

MarketWatch.com - Top Stories
MarketWatch.com - Financial Services Industry News

: Chevron OKs ‘low end’ $15 billion capital budget, increases share buyback program

: Chevron OKs ‘low end’ $15 billion capital budget, increases share buyback program

Chevron Corp. late Wednesday unveiled a "low end" $15 billion capital and exploratory budget for 2022 and said it expects to increase its share buyback program thanks to an "enduring commitment to capital discipline." [...]

: CFPB promises crackdown on overdraft fees — Director Chopra says big banks need to ‘kick this addiction’

: CFPB promises crackdown on overdraft fees — Director Chopra says big banks need to ‘kick this addiction’

The nation's largest banks take in billions each year in overdraft charges, and the Consumer Financial Protection Bureau says the prevalence of what can be hefty fees are evidence of a broken market. [...]

Market Snapshot: Dow stages wild, 1,000-point swing and stocks see sharpest U-turn lower in over a year as U.S. confirms 1st omicron case

Market Snapshot: Dow stages wild, 1,000-point swing and stocks see sharpest U-turn lower in over a year as U.S. confirms 1st omicron case

Stocks end sharply lower Wednesday, squandering a solid rebound, after Dr. Anthony Fauci said U.S. has confirmed its first omicron case. [...]

The Margin: How to watch the Rockefeller Center Christmas Tree Lighting for free

The Margin: How to watch the Rockefeller Center Christmas Tree Lighting for free

Your guide to the 2021 Rockefeller Christmas Tree ceremony set for Wednesday night [...]

Personal Finance Daily: Will your home insurance cover these winter disasters and the top 3 places to invest in real estate today

Personal Finance Daily: Will your home insurance cover these winter disasters and the top 3 places to invest in real estate today

Wednesday's top personal finance stories [...]

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FDIC Financial Institution Letters
FDIC Press Releases

Bank Secrecy Act/Anti-Money Laundering Examination Manual Update

Bank Secrecy Act/Anti-Money Laundering Examination Manual Update

Financial Institution Letter | December 1, 2021 Bank Secrecy Act/Anti-Money Laundering Examination Manual Update Summary The Federal Financial Institutions Examination Council (FFIEC) is updating sections and related examination procedures in the FFIEC Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual. Statement of Applicability This Financial Institution Letter (FIL) applies to all FDIC-supervised institutions. Read the FIL The FDIC does not send unsolicited e-mail. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe. Stay Connected [...]

FDIC-Insured Institutions Reported Net Income of $69.5 Billion in Third Quarter 2021

FDIC-Insured Institutions Reported Net Income of $69.5 Billion in Third Quarter 2021

Press Release | November 30, 2021 FDIC-Insured Institutions Reported Net Income of $69.5 Billion in Third Quarter 2021 Net Income Continued to Increase Year Over Year Net Interest Margin Rose Modestly from Last Quarter’s Record Low Quarterly Loan Growth Continued Asset Quality Continued to Improve Community Banks Reported an Increase in Quarterly Net Income from a Year Ago _______________________________ “With strong capital and liquidity levels to support lending and protect against potential losses, the banking industry continued to support the country’s needs for financial services while navigating the challenges presented by the pandemic.” — FDIC Chairman Jelena McWilliams… [...]

Joint Statement on Crypto-Asset Policy Sprint Initiative and Next Steps

Joint Statement on Crypto-Asset Policy Sprint Initiative and Next Steps

Financial Institution Letter | November 23, 2021 Joint Statement on Crypto-Asset Policy Sprint Initiative and Next Steps Summary: The Federal Deposit Insurance Corporation (FDIC), the Board of Governors of the Federal Reserve System (FRB), and the Office of the Comptroller of the Currency (OCC) (collectively, the agencies) are jointly issuing this statement to summarize the work undertaken during the interagency policy sprints focused on crypto-assets, and to provide a roadmap of future planned work. The joint Statement can be found on the FDIC website. Statement of Applicability: This Financial Institution Letter (FIL) applies to all FDIC-supervised institutions. … [...]

Computer-Security Incident Notification Final Rule

Computer-Security Incident Notification Final Rule

Financial Institution Letter | November 18, 2021 Computer-Security Incident Notification Final Rule Summary The Federal Deposit Insurance Corporation (FDIC), the Board of Governors of the Federal Reserve System (Board), and the Office of the Comptroller of the Currency (OCC) (collectively, the agencies) have issued a joint final rule to establish computer-security incident notification requirements for banking organizations and their bank service providers. The rule will provide the agencies with early awareness of emerging threats to banking organizations and the broader financial system, including potentially systemic cyber events. A copy of the Final Rule can be found on the FDIC’s… [...]

Joint Statement on Supervisory and Enforcement Practices Regarding the Mortgage Servicing Rules in Response to the Continuing COVID-19 Pandemic and CARES Act

Joint Statement on Supervisory and Enforcement Practices Regarding the Mortgage Servicing Rules in Response to the Continuing COVID-19 Pandemic and CARES Act

Financial Institution Letter | November 10, 2021 Joint Statement on Supervisory and Enforcement Practices Regarding the Mortgage Servicing Rules in Response to the Continuing COVID-19 Pandemic and CARES Act Summary: The Board of Governors of the Federal Reserve, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and state financial regulators (collectively, the agencies) are issuing a joint statement to alert industry that the supervisory flexibilities outlined in the April 2020 Joint Statement on Supervisory and Enforcement Practices Regarding the Mortgage Servicing Rules in Response to the… [...]

FDIC Issues CRA Examination Schedules for First Quarter 2022 and Second Quarter 2022

FDIC Issues CRA Examination Schedules for First Quarter 2022 and Second Quarter 2022

Press Release | November 30, 2021 FDIC Issues CRA Examination Schedules for First Quarter 2022 and Second Quarter 2022 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the first quarter 2022 and second quarter 2022. CRA regulations require each federal bank and thrift regulator to publish its quarterly CRA examination schedule at least 30 days before the beginning of each quarter. The Community Reinvestment Act is a 1977 law intended to encourage insured banks and thrifts to help meet the credit needs of the… [...]

FDIC-Insured Institutions Reported Net Income of $69.5 Billion in Third Quarter 2021

FDIC-Insured Institutions Reported Net Income of $69.5 Billion in Third Quarter 2021

Press Release | November 30, 2021 FDIC-Insured Institutions Reported Net Income of $69.5 Billion in Third Quarter 2021 Net Income Continued to Increase Year Over Year Net Interest Margin Rose Modestly from Last Quarter’s Record Low Quarterly Loan Growth Continued Asset Quality Continued to Improve Community Banks Reported an Increase in Quarterly Net Income from a Year Ago _______________________________ “With strong capital and liquidity levels to support lending and protect against potential losses, the banking industry continued to support the country’s needs for financial services while navigating the challenges presented by the pandemic.” — FDIC Chairman Jelena McWilliams… [...]

FDIC Makes Public October Enforcement Actions

FDIC Makes Public October Enforcement Actions

Press Release | November 26, 2021 FDIC Makes Public October Enforcement Actions;No Administrative Hearings Scheduled for December 2021 WASHINGTON - The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in October. There are no administrative hearings scheduled for December 2021. The FDIC issued three Orders in October 2021. The administrative enforcement actions in those three Orders consisted of one Order to Pay Civil Money Penalty, one Consent Order, and one Section 19 Order. To view orders, adjudicated decisions and notices and the administrative hearing details online,… [...]

Agencies Issue Joint Statement on Crypto-Asset Policy Initiative and Next Steps

Agencies Issue Joint Statement on Crypto-Asset Policy Initiative and Next Steps

Press Release | November 23, 2021 Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency Agencies Issue Joint Statement on Crypto-Asset Policy Initiative and Next Steps Federal bank regulatory agencies today issued a statement summarizing their interagency “policy sprints” focused on crypto-assets and providing a roadmap of future work related to crypto-assets. In particular, the statement describes the focus of the preliminary work conducted through the sprints undertaken by the agencies. It summarizes the agencies’ plan to provide greater clarity throughout 2022 on whether certain crypto-related activities conducted by banking organizations… [...]

Agencies Approve Final Rule Requiring Computer-Security Incident Notification

Agencies Approve Final Rule Requiring Computer-Security Incident Notification

Press Release | November 18, 2021 Agencies Approve Final Rule Requiring Computer-Security Incident Notification Federal bank regulatory agencies today announced the approval of a final rule to improve the sharing of information about cyber incidents that may affect the U.S. banking system. The final rule requires a banking organization to notify its primary federal regulator of any significant computer-security incident as soon as possible and no later than 36 hours after the banking organization determines that a cyber incident has occurred. Notification is required for incidents that have materially affected—or are reasonably likely to materially affect—the viability of a banking… [...]