Tag Archives: mortgages

Hallmark Abstract’s News 12 Long Island Interview About The New Suffolk County Mortgage Recording Fees!

Suffolk County mortgage recording fees

On December 2, 2016 Hallmark Abstract President Michael Haltman wrote an article concerning the significant new mortgage recording fees set to be imposed by Suffolk County, New York! In the article Haltman opined that the new fees represented ‘an egregious money grab and as regressive a tax as has been seen in some time! And, by some […]

Suffolk County, Long Island Proposes A Huge Increase In Mortgage Recording Costs!

New

Update December 7, 2016: The new fee discussed below has been passed by the Suffolk County legislature per the County website… $300.00 per document  MORTGAGE VERIFICATION FEE effective January 1, 2017 Suffolk County, New York has announced a new fee that will be required to record certain mortgage and mortgage-related documents! To this observer, this seems to be […]

First-Time Homebuyer Seminar On May 21st In Rockville Centre, Long Island!

Long Island first-time homebuyers

If You’re Thinking About Buying Your First Home… Would you, or maybe someone you know, like to attend a short seminar where in one location you can meet all of the professionals who are involved in the process of buying a home, learn from them about some of the potential pitfalls along with the ways […]

Save The Date! Long Island Real Estate Expo On Saturday, April 23, 2016!

Long Island Real Estate Expo

Hallmark Abstract Service Is Looking Forward To Exhibiting At: The Long Island Real Estate Expo When: Saturday, April 23, 2016 Where: The Long Island Marriott, 101 James Doolittle Blvd., Uniondale, New York Time: 10:30AM until 4:00PM Special Guest: Luis D. Ortiz From The Bravo Show “Million Dollar Listing New York.” Where Do You Register To Attend: https://lnkd.in/enM-arQ Michael Haltman is […]

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 […]

The Ten Commandments For Homebuyers And Mortgage Applicants!

The desire to buy a home is all well and good but, unless it’s an all-cash transaction, financial decision-making is critically important! Post-financial crisis the underwriting methodology and criteria for residential mortgage loans swung in the exact opposite direction from where they had been in the go-go years of real estate. Before the financial crisis and in […]

Subprime Mortgages – They’re Ba-ack!

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Summary: With an eight-year easy money policy from the Federal Reserve (ZIRP) and real estate prices in some regions above pre-financial crisis highs, subprime mortgages are making a comeback! Subprime mortgage loans yes, but apparently not in the pre-2008 financial crisis form of ‘Liar Loans’! Liar Loans: ‘A category of mortgages known as low-documentation or no-documentation […]

Fed Decision: It’s The Final Countdown (Video)

Fed December rate decision,interest rates,Janet Yellen,FOMC

Summary: Fed rate hikes, like eating Lay’s potato chips, are rarely done just once. Will the Fed raise rates tomorrow as expected and then what will be its plan going forward? ‘Fed Decision: It’s The Final Countdown (Video)‘ Today the Fed begins to deliberate about what will likely be the first interest rate hike in nine […]

In The World Of Title Insurance, What Differentiates One Firm From Another Firm? (Video)

title insurance long island,title insurance new york

For anyone earning their living selling or manufacturing a quasi-commodity product, you know exactly what I’m talking about! Please notice, however, that the prefix quasi was strategically placed in front of the word commodity. The reality is that while end products may be somewhat similar from any number of providers, all of those end products are not necessarily created […]

What Are ‘Boomerang Buyers’?

boomerang buyers,mortgages,financial crisis

Many homeowners negatively impacted by the financial crisis may now, all these years later, finally be in a position to qualify for a mortgage again! These 700,000 potential 2015 reentrants into the mortgage and housing markets are known by the name ‘Boomerang Buyers’. Boomerang buyers were impacted by the financial crisis in one of these three ways: They were […]