Tag Archive for: mortgage lenders

Are Lenders Allowed To Speak With Appraisers?

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Prior to 2008, if you walked through the halls of any mortgage business, you would hear loan officers on the phone with appraisers cajoling them to give them a value they needed for a refinance or a high purchase price. Most appraisers pushed back, but they also knew that if they didn’t play ball, they might not get more orders.Read More

The CFPB Will No Longer Be “Protecting” Us – Thank God!

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I ran the least regulatory-compliant mortgage operation in the country. Prior to 2008, my business model focused entirely on low-documentation loans for prime (“A Paper”) borrowers.Read More

America’s Top 500 Agents; Succeeding In Down Markets = Gold Mine That Pays Forever

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I entered the mortgage business in 1994 in a market very similar to our current market, as rates had just risen sharply – bringing a sharp end to what was […]Read More

How To Find The Right Mortgage Lender For You

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Many prospective homebuyers are concerned about how to find the right mortgage lender for their financial home loan. Working with a reliable and respectable lender is the top priority for many homebuyers. The Consumer Financial Protection Bureau recommends that a potential mortgage borrower talks with at least three different lenders while shopping for a mortgage. Not all mortgage lenders are created equal - when comparing one lender to another, there are crucial differences in rates, costs, and service.Read More

Jumbo Loans Stall; IRS & India Shutdowns Slam Industry

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Here is a great article that partially explains what happened. Long story short: many major lenders face bankruptcy because servicing values are now close to zero (because of the risk of missed payments) and because lenders face massive margin calls because of the Fed’s bond-buying.Read More