We hear it on the news and read about it in newspapers. “Credit is tight.” Business owners in need of capital complain, “Banks aren’t lending.” And home buyers are still experiencing HUGE …
Changes to Flood Insurance Requirements May Be Around the Corner
(Originally published 12/04/12.) It’s been a while since I checked my crystal ball. To be honest, its predictions have sometimes been fuzzy or even downright wrong. Nevertheless, when I …
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ATTN Realtors and Attorneys: IMPORTANT INFORMATION Regarding Hurricane Sandy and Your Closings
(Originally published 10/30/12.) I hope everyone made it through Hurricane Sandy with minimal damage. As a result of Hurricane Sandy, and in reference to your clients who are currently …
Ellie Mae Issues Staggering Statistics About the Profile of Denied Loans
(Originally published 10/23/12.) Early this year, Ellie Mae, a leading provider of mortgage loan origination software, began publishing an Origination Insight Report. This monthly report …
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Inept Mortgage Originators + Restrictive Lending Standards + Regulators Gone Wild = Problems for Home Buyers and Realtors. But We Have the Solution!
(Originally published 09/25/12.) Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), said there would be enormous benefits to the nation’s economy if mortgage …
“Big Banks” Denying Over One-Third of All New York Loans!
(Originally published 09/11/12.) According to The Wall Street Journal (Tighter Lending Crimps Housing, June 25, 2011), in 2010, the nation’s 10 largest lenders denied 26.8% of their loan …
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