Category Archives: mortgage

Equifax Redux As Additional NPI Leaks Are Discovered!

equifax photo

In the midst of national weather disasters tragically now coupled with the mass murder in Las Vegas, the Equifax data breach story has been placed on the back-burner! But, is that where it belongs? Applying For A Mortgage, Some Other Type of Credit Or Maybe Something As Basic As Searching For A Job? For the tens of millions […]

Guest Article: Beware Marketing Services Agreements (MSA’s)!

the downside of MSA

This article concerning Marketing Service Agreements, or MSA’s, was written by Warren Goldberg, President of Mortgage Wealth Advisors and is being shared with his permission. What is an MSA or Marketing Service Agreement? ‘​The residential mortgage origination industry has long used Marketing Services Agreements (MSAs) to establish the terms of certain marketing arrangements. An MSA, written […]

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 […]