Today we are in the slowest housing market and it is even slower than 1995’s brutal market in relative terms. Today’s market is also even slower than the notoriously slow 2008 and 2011 markets.
We have a Home Equity Line of Credit (HELOC) for ADU/In-Law construction that can also be used for general renovations. What makes it unique is that credit limits go up to 125% of the property's...
Land & Lot Loans – To 80% Loan-to-Value! Prior to 2008, I personally did dozens of lot loans, and a shockingly high percentage of them went into foreclosure after 2008. […]
A jumbo loan in California is a loan amount that exceeds the conforming county loan limits set by the Federal Housing Finance Agency (FHFA). A jumbo loan is a conventional (not government-insured)...
I recently read an interview with B of A’s head of consumer lending (which includes mortgages). One of the things he predicted for 2026 was a shift to alternative mortgages. I laughed – because...
In 1999, my wife Heejin started a mortgage company (long before we were married) – and everything went wrong. She went all in too – large office, new furniture, office equipment, dozens of new...
The business environment is changing faster than ever nowadays, with AI, new technology, new rules, stricter competition, and much else. So anyone or any firm that is coasting at all, while relying...
Our Team Manager, Madeline Malinovsky, was covering for JVM over the weekend, and apparently, she’s way too smooth on the phone, as she was accused of being AI by several borrowers. This is a...
A friend of mine used to be the CEO of a commercial bank, and he tells stories about having to fire loan officers who made too many bad loans that did not get paid back. That is how all banks...
One of the biggest and most unexpected boosts to my business came from a competitor: E-Loan. Founded in the late 1990s, they were the first major entity to embrace online mortgage lending.
My son was recently looking to buy a home in Austin, Texas. He thought he held all the cards, given that he’s highly qualified and given that the internet continues to scream that Austin is ground...
Conventional loans are a favorite for homebuyers with decent credit scores and who have a fair amount of funds for a down payment. Conventional mortgages should not be confused with “Conforming...
On Monday I blogged about how the sudden emergence of the Chinese AI firm, DeepSeek, crashed the markets – making the point that because it was developed with so little money, it posed a huge...
America wields many weapon systems that are unmatched by any of our adversaries. These systems include our high-tech nuclear arsenal, F-35 stealth fighter jets, Gerald R. Ford-class aircraft...
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