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...
Our GDP would be far larger, and every American would be much wealthier if we did not have so many costly and unnecessary regulations. There is currently a huge push to deregulate the American...
After the 2008 Great Financial Crisis, we saw an enormous number of non-warrantable condos. The biggest issues then were HOA (Homeowners Association) dues delinquencies and under-funded HOAs in...
In the 1990s and early 2000s, there were hundreds of loan products – with thousands of guidelines to remember – and it was brutal! This was, however, a huge boon […]
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