Category Archives: mortgage

Getting A Mortgage: Man Versus Machine

Photo: Transpanish.biz

Two weeks ago we offered our readers the advice of a mortgage professional who opined on the importance of having a live mortgage industry partner and expert involved in the process of acquiring or refinancing a mortgage! In the article, ‘It Doesn’t Take A Rocket To Get To The Top‘,  Mortgage Wealth Advisors President Warren Goldberg strongly disagreed with the […]

Record Home Equity For Senior Homeowners And Reverse Mortgages

Two articles caught my eye this week concerning reverse mortgages and the reasons why they may be an excellent tool for seniors looking to build a cash cushion for their golden years! Unfortunately and editorially while the product is excellent for the right borrowers, reverse mortgage advertising often leaves much to be desired. This fact doesn’t really help to […]

Do You Have A Comment Concerning The CFPB’s Proposed TRID Amendments?

If so, the time remaining to offer your opinion is running short! On July 26th the Consumer Financial Protection Bureau or CFPB released proposed amendments to the TILA-RESPA Integrated Disclosures aka TRID! For anyone who may want to comment the deadline to do so is October 18, 2016. An article from ALTA explains the amendments and provides […]

Free Lunch – This Time It’s Different or History Repeats Itself?

2008 financial crisis

Summary: With easy money coming back into the market, borrowers who should not be borrowing getting loans and the economy at a tipping point is the history of the financial crisis about to repeat itself? Will the return to ‘easier’ lending practices in markets spanning mortgages, student loans and used cars pose a problem? Problem for the […]

Pssst…Hey Buddy, You Want A Student Loan?

student loan delinquency rate

Summary: Like in the ‘good old days’ of the housing market when for some borrowers to qualify for a loan they needed to show a pulse…Has the same thing occurred in the student loan market? After examining used car leasing, mortgage markets and the potentially poor lending practices that could lead to a meltdown… The student […]

Pssst…You Want To Buy A Car?

subprime

‘Are ‘Almost’ Subprime Mortgages And Used Car Loans A Canary In The Coal Mine?’ Having lived through the lending environment that led to ‘The Big Short’, one has to wonder whether we are heading back in the same direction! George Santayana (circa early 1900’s): ‘Those who cannot remember the past are condemned to repeat it.‘ […]

Debt? It’s Good To Be A Country!

In an investment some debt or leverage can be good but, at some point, it can become all-consuming and impossible to repay! Think about what happened to homeowners who had a variable-rate mortgage, also known as debt or leverage, when mortgage rates began to rise and the value of the asset fell. If their income stayed […]

CoreLogic January 2016 National Foreclosure Report!

foreclosure

Courtesy of CoreLogic, this article contains most everything you wanted to know about U.S. residential property foreclosures! The report was created by, and is posted with, the permission of CoreLogic, a data and analytics company. The January 2016 National Foreclosure Report shows the foreclosure inventory declined by 21.7 percent and completed foreclosures declined by 16.2 percent compared with January […]

Subprime Mortgages: Are Auto Loan Delinquencies Waving A Yellow Caution Flag!

subprime auto loans,subprime mortgages

As mortgage loans originated to subprime borrowers are once again on the rise, so too is the delinquency rate for subprime auto loans! So for the buyers of securities backed by either subprime mortgages or auto loans as well as for the banks originating these loans, is there a cause for concern? In other words are we […]

List Of Do’s And Don’ts For Soon-To-Be Home Buyers!

For anyone who is in the market to buy a home or soon will be, finding the right property is typically only half of the battle! The other half, unless one is paying cash, is applying for a mortgage and then fighting the battle to ultimately be approved. In the pre-financial crisis world qualifying for a […]