With mortgage rates rising, most lenders are focusing on ways to increase volume, bank profits, and the amount of interest payments borrowers will pay. Yet, almost no one is focusing on helping …
Want to Know Why Many Mortgages Are Denied? It Often Starts With the Borrower Saying, “I’m Going to MY Bank. They Know Me There.”
In many industries, there’s a statement that professionals often hear which makes them shudder. For physicians, it could be, “Why should I quit smoking? I feel fine!” With Financial …
Maximum Loan Limits Being Reduced?? (Part II)
A few months ago, I informed you that the Fannie Mae, Freddie Mac, and FHA extended loan limits are due to expire on October 1, 2011. (Click here to read my original article, Maximum Loan …
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Real Estate in NYC is Hot Again…But It’s Not What You Think.
As another sign of a real estate recovery, Realtors, who specialize in high-end luxury apartments, are telling me that people are buying! But these buyers aren’t Wall Street traders or even …
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Maximum Loan Limits Being Reduced??
In 2008, when the mortgage implosion began, the availability of jumbo money became scarce. (Jumbo mortgage loans for single-family homes are loan sizes that exceed $417,000. Two through four family …
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Jumbo Market Has Problems. I’m Providing Solutions!
(Originally published September 26, 2009.) The Jumbo Mortgage Market is facing significant challenges. In this prolonged financial crisis, many banks are reluctant to lend in the higher-end of the …
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