Mortgage Industry

Latest Articles

Hard Money Loans: Are They Worth It?

Hard money loans are an easy and fast financing option, but they are not for everyone. Here is everything you need to know to decide if they are the right option for you

August 19, 2022 4 min read
Hard Money Loans: Are They Worth It?

LoanDepot Stock Fell From $32 to $2; SO MUCH TO LEARN

COVID caused rates to plummet – which in turn ushered in the mother of all refi booms. Several large mortgage banks had initial public offerings at the height of the refi boom – with valuations...

August 18, 2022 3 min read
LoanDepot Stock Fell From $32 to $2

What Are Early Pay Off Penalties?

Early Pay Off Penalties (also referred to as EPOs) are often confused with Prepayment Penalties. The EPO meaning in mortgage language relates to fees charged to a lender when a borrower pays off...

August 16, 2022 4 min read
What Are Early Pay Off Penalties

Homebuyers: Be Aware of Fraudulent Mailers!

Desperate Mortgage Bankers Resort To Fraud After the 2008 meltdown, a prominent mortgage banker, who was accustomed to living very extravagantly, started a “Loan Modification Consulting” business...

August 8, 2022 3 min read
Homebuyers: Be Aware of Fraudulent Mailers!

China’s Banking System Collapse Is Terrifying; Why It Matters

EVERYONE IS FOCUSED ON “FED DAY” – which is the day of the month (today) on which the Fed announces its latest increase in the Fed Funds Rate (expected to […]

July 27, 2022 4 min read
China’s Banking System Collapse Is Terrifying; Why It Matters

Car Shortages to Surpluses Overnight; Things Change VERY QUICKLY

I saw this tweet over the weekend: “The auto industry collapse has just begun and this would be one of the worst times for you to buy a vehicle. In a normal market (pre-2020), Auto Loan...

July 25, 2022 3 min read
Car Shortages to Surpluses Overnight; Things Change VERY QUICKLY

A Tale Of Two Businesses; One Rising and One DYING!

I had experiences recently at two different businesses that were so contrasting and so fascinating that I had to blog about them. And yes – this much applies to mortgages […]

July 13, 2022 5 min read
A Tale Of Two Businesses; One Rising and One DYING!

Mortgage Companies Imploding Again! When to Worry

In 2006, the infamous Implode-O-Meter was established to predict and announce all of the mortgage companies that were going belly up. It was both fascinating and extremely helpful because it warned...

July 8, 2022 5 min read
Mortgage Companies Imploding Again! When to Worry

Good News! Recession Coming Soon; Rates Continue to Fall After Fed Raises “The Rate”

A week ago, I pointed out how the recent 0.75% increase in the Fed Funds rate resulted in LOWER long-term rates. I highlighted three reasons for this: (1) The markets […]

June 23, 2022 3 min read
FRED U.S. National Home Price Index

No Building + Growing Population = Strong Housing Market EVEN IF RATES ARE AT 6%!

There were about 2.3 million new homes constructed in 1973 – a number we have not seen since. This is not that big of a deal until you remember that the entire population of the U.S. was only about...

June 17, 2022 2 min read

High Rates; Softer Market; ARMs; Housing Shortages; Recessions; Refis

Highest Mortgage Rates Since 2009 Last week’s sky-high inflation numbers have pushed 10-Year Treasury rates to levels we have not seen since 2018. While mortgage rates are at levels we […]

June 13, 2022 3 min read
High Rates; Softer Market; ARMs; Housing Shortages; Recessions; Refis

Why We’re Seeing Fraud Claims Now & Will See A Lot More

I knew and worked with a bunch of hard money lenders (who loaned money based strictly on equity) prior to the 2008 meltdown. Even though they were a bit cocky with their success and they lived like...

June 10, 2022 4 min read
Why We're Seeing Fraud Claims Now & Will See A Lot More

What Every Homebuyer Must Know About Hazard Insurance & Mortgages

Here are a few tidbits about Hazard Insurance, something that is required with every mortgage. Hazard insurance is also known as fire insurance and homeowners insurance, and it should not be confused...

June 9, 2022 3 min read
Hazard Insurance & Mortgages - A Few Things To Know

Media Lies About Housing Market; Slower Market ≠ Depreciation

Agents are telling me that some of their clients are getting cold feet about buying right now for a variety of reasons, including: 1) Concerns about higher rates and payments; 2) Concerns about...

May 27, 2022 3 min read
Media Lies About Housing Market; Slower Market ≠ Depreciation
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