Posts tagged "Mortgages"

What Will The Next Housing Crisis Look Like?

What Will The Next Housing Crisis Look Like?
On Monday I published a guest post on how mortgage lending standards have come full circle since the original housing crisis. In an effort to promote the American dream of home ownership regulators have once again eased up on the requirements for getting a mortgage. Meanwhile, it looks like Fannie Mae and Freddie Mac as... Read more »

Mortgage 360: Lending Standards Come Full Circle

Mortgage 360: Lending Standards Come Full Circle
The following guest post was written by Jackson Cooper of Jensen & Company. The Mortgage Bankers Association expects total mortgage originations to total $1.19 trillion in 2015, an increase of 7 percent from last year. Originations have increased every quarter since Q2 2014 after four consecutive quarters of steep declines. The National Association of Realtors... Read more »

Too Much Time Shopping For A Mortgage Can Cost You That Home You Want To Buy

Too Much Time Shopping For A Mortgage Can Cost You That Home You Want To Buy
Let’s say you’ve been shopping for a home for a few months and you finally found one you like. You’ve negotiated the purchase price and you are now under contract. You probably think it’s all downhill from here and you have nothing to worry about. All  you need to do now is finish shopping for... Read more »
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An Appraiser Responds To My Post On Bad Real Estate Appraisals

An Appraiser Responds To My Post On Bad Real Estate Appraisals
My post last week on Bad Real Estate Appraisals And The Appraisers Who Create Them got a lot of interest among appraisers and generated a ton of comments from them (go figure!). However, I received one particularly long and well articulated comment from one appraiser who ran into technical difficulties trying to post his comment.... Read more »

Bad Real Estate Appraisals And The Appraisers Who Create Them

Bad Real Estate Appraisals And The Appraisers Who Create Them
Every so often a real estate transaction can be a bit like Alice In Wonderland – especially when it comes to real estate appraisals. You see, in order for a buyer to get a mortgage his/ her lender has to appraise the property to ensure that it will provide adequate collateral for the mortgage. The... Read more »

Ben Bernanke And The Bizarre World Of Mortgage Qualification

Ben Bernanke And The Bizarre World Of Mortgage Qualification
In case you missed the big mortgage news today Ben Bernanke, former head of the Federal Reserve Bank and the most powerful financial guy in the world, can’t refinance his home. And the story has become a symbol of the crazy mortgage qualification standards that are in place in the aftermath of the mortgage meltdown.... Read more »
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Why You May Not Want To Use A Bank For Getting A Mortgage

Why You May Not Want To Use A Bank For Getting A Mortgage
When getting a mortgage (technically a mortgage is a conveyance of interest in a property for a loan so I think it’s the borrower who “gives” the mortgage but everyone refers to it as “getting a mortgage”) it’s not just about getting the lowest rates and up front costs. Sure that matters but it’s also... Read more »

Why You Need A Mortgage Pre Approval BEFORE You Start Shopping For A Home

Why You Need A Mortgage Pre Approval BEFORE You Start Shopping For A Home
One of the first things they taught us in our real estate training class (after you get your license is when the real training begins but it’s heavily focused on how to make money) is that a realtor should make sure that all their buyers have a mortgage pre approval before they spend too much... Read more »

Realtors Try To Preserve Fannie And Freddie Mortgage Loan Limits

Realtors Try To Preserve Fannie And Freddie Mortgage Loan Limits
About a month ago I wrote a post about how the National Association of Realtors (NAR) throws around their considerable lobbying weight to preserve the various housing market subsidies bestowed by the government. I specifically wrote about the FHA loan limits and the Homeowner Flood Insurance Act. However, there is another issue lurking around out... Read more »
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Low Mortgage Rates: It's Not Just About The Monthly Payment

Low Mortgage Rates: It's Not Just About The Monthly Payment
I just locked in a 7 year ARM the other day at 2.875%. No doubt that is one of the lowest mortgage rates in decades and it is one of the primary drivers of my buying a house at this time after renting for about 12 years. In the economic analysis the low interest rate... Read more »