Lenders Are Underwriting Condos and Coops More Strictly Than Ever Before! In June 2021, the twelve-story, oceanfront condominium, Champlain Towers, in Miami Florida collapsed, killing ninety-eight …
DID YOU KNOW??
New Credit Score Formulas Were Recently Approved For Use By the Mortgage Industry! For the past 20 years, Fannie Mae, Freddie Mac, and FHA have used the Classic FICO credit score model delivered by …
Job Losses Abound in Mortgage and Real Estate Industries.
We’re only halfway through 2022 and we’ve already seen layoffs and job losses in the mortgage and real estate industries, the likes of which we have not seen since the Great Recession. What’s Going …
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Purchasing Real Estate with Mortgage Financing…In the Virtual World?!?
In the “Truth Is Stranger Than Fiction” Department, it seems some people are spending huge sums of money to purchase ‘real estate’ within imaginary virtual worlds online. According to the NY Times …
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Big Changes in the Availability of Condo and Coop Financing!
We all probably remember the June 2021 tragic collapse of the twelve-story, oceanfront condominium, Champlain Towers, in the Miami suburb of Surfside Florida. Ninety-eight people were killed in the …
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Thanksgiving Wishes From Me To You.
Like the year before, 2021 has been a tumultuous year. Yet on Thanksgiving, it’s important to focus on the good and to recognize what we are thankful for. I wish to express my thanks to all of my …
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