For the past few years, local Realtors have seen a large number of properties being purchased with cash. While many of these buyers have been foreign investors, many have been New Yorkers, flush with …
HARP or Hype? What Lenders May Not Tell You Until It’s Too Late.
You’ve probably seen these commercials over the past few years from many of the “Big Banks:” If you’re a homeowner who’s faithfully made your mortgage payments, you deserve thanks for …
Continue Reading about HARP or Hype? What Lenders May Not Tell You Until It’s Too Late. →
“QM” Threatens to Change Mortgage Lending As We Know It.
As the real estate industry continues to claw its way back from the Great Recession, the federal government continues to add obstacles. On January 10, 2014, yet another regulation will become …
Continue Reading about “QM” Threatens to Change Mortgage Lending As We Know It. →
Mortgage Lenders Expecting More Regulatory Headaches. How Will This Effect Borrowers?
According to an article published in the National Mortgage News online (Mortgage Lenders’ Many Headaches, 10/02/13), lenders are preparing to deal with a plethora of new regulations and …
Reverse Mortgage Guidelines Now More Restrictive
The Reverse Mortgage, a popular financial tool available to many senior citizens, has undergone additional changes, making it more difficult and potentially more expensive for seniors to tap into the …
Continue Reading about Reverse Mortgage Guidelines Now More Restrictive →
What is the most stupid condition you’ve gotten from an underwriter on a mortgage file?
I recently read an article in Loan Officer Magazine, written by Karen Deis, that made me laugh out loud. Karen is the Founder of Loan Officer Training, Publisher of Loan Officer Magazine and Mortgage …
