Mortgage Industry

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Why The U.S. Can Print Money With No Inflation – But Other Countries Can’t

There is probably no more important concept for people to understand than this: why can the U.S. print so much money without inflation when other countries can’t? It is so important because so many...

April 19, 2024 5 min read
Why The U.S Can Print Money With No Inflation – But Other Countries Can’t

Terrifying Class Action Suit Against UWM (Largest Mortgage Bank); Just like NAR!

We compete viciously against mortgage brokers who send their loans to United Wholesale Mortgage (UWM) – and I am going to defend those brokers and UWM equally viciously. UWM is […]

April 12, 2024 4 min read
Terrifying Class Action Suit Against UWM (Largest Mortgage Bank); Just like NAR!

What’s Balance Sheet Runoff? (You Need to Know); Highest Rates in 2024; Rental Income From Departing Residence; Can Agents Do Loans?

Today’s blog is a “random show” of short and unrelated (but interesting, I promise) snippets. Interest Rates Hit Peak for 2024 Rates are their highest level of the year and […]

April 11, 2024 4 min read
What’s Balance Sheet Runoff? (You Need to Know); Highest Rates in 2024; Rental Income From Departing Residence; Can Agents Do Loans?

Mortgage Banks Are Reclaiming Jumbo from Commercial Banks: Why?

Not ONE of the millennials who run JVM Lending was in the mortgage industry prior to the 2008 meltdown. In their minds, it was just some ancient event like the iPhone invention, the French...

April 8, 2024 4 min read
Exterior of a home with a front porch and front door

New Take On the NAR Lawsuit From An Attorney In The Trenches

My wife Heejin and I are both licensed real estate brokers. And between the two of us, we have bought and sold at least 25 properties over the years. And […]

April 5, 2024 4 min read
New Take On the NAR Lawsuit From An Attorney In The Trenches

Awful Disease Severely Impacting Mortgages and Real Estate! (It’s Worse Than You Think)

The disease is called Gell-Mann Amnesia and it is costing you far more business and goodwill than you can possibly imagine. And worse – we ALL suffer from it! I will explain why, but I want to...

March 25, 2024 4 min read
Awful Disease Severely Impacting Mortgages and Real Estate! (It's Worse Than You Think)

Residential Financing for Commercial Property? BEWARE of Closing Cost Credits!

A borrower almost left us recently for another lender that was offering a $1,000 credit for closing costs – because … WOW! $1,000! BUT.. that lender also offered that same […]

March 22, 2024 3 min read
Residential Financing for Commercial Property BEWARE of Closing Cost Credits!

Why Fed Chair Powell Is TERRIFIED of Arthur Burns! (Why Powell Will Not Cut Rates Now; Why He Will Cut in June)

Jerome Powell is terrified of having an Arthur Burns legacy. So, he’d much rather push the U.S. into a severe recession than risk cutting too soon – and re-igniting inflation. Yes, recessions and...

March 20, 2024 3 min read
Why Fed Chair Powell Is TERRIFIED of Arthur Burns! (Why Powell Will Not Cut Rates Now; Why He Will Cut in June)

LOs Can Quote ANYTHING When You’re Not In Contract; Owner-Occupancy Fraud Alert! Hot Inflation = Higher Rates

We lost a borrower during the pre-approval stage to another loan officer (LO) who quoted an “estimated” interest rate that was 1/4% lower than ours. We tried to explain to the borrower that LOs...

March 14, 2024 4 min read
LOs Can Quote ANYTHING When You're Not In Contract; Owner-Occupancy Fraud Alert! Hot Inflation = Higher Rates

Beware of False Employment Reports! Their Impact Is Only Temporary

Hot jobs reports can push rates way up, but they should not be trusted. The actual data surfaces sooner or later, and rates adjust back downward. Sometimes it takes a day or two, and sometimes,...

March 8, 2024 3 min read
Beware of False Employment Reports! Their Impact Is Only Temporary

Rocket Fired All of Their Realtor-Loan-Officers! Why?

Rocket just fired all of its newly minted real estate agent/loan officers – surprising… nobody. Before I explain this though, I want to touch on something I missed in this […]

March 1, 2024 3 min read
Rocket Fired All of Their Realtor-Loan-Officers! Why

When Will The Stock Market Crash? Billionaires Think It’ll Be Soon

"JPMorgan CEO, Jamie Dimon’s, big JPMorgan stock sale may be a warning sign, given his stellar track record at market timing.” That is a CNBC headline from this morning. This short post on X...

February 26, 2024 3 min read
When Will The Stock Market Crash Billionaires Think It'll Be Soon

Recasting or Re-Amortizing a Mortgage – Misconceptions & No Guarantees!

Now that our bridge loans are becoming so popular, we are having a lot of conversations with borrowers about recasting. Recasting = Re-amortization of Mortgage After a Lump Sum Paydown […]

February 12, 2024 3 min read
Recasting or Re-Amortizing a Mortgage - Misconceptions & No Guarantees!

Mortgages After Bankruptcies – Easy to Get! Jobs Report Nonsense Again

Mortgage rates shot through the roof this morning in response to a very strong jobs report! This is exactly what I predicted would happen in my blog yesterday, as the official BLS jobs reports always...

February 2, 2024 4 min read
Mortgages After Bankruptcies - Easy to Get! Jobs Report Nonsense Again
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