lending: Preventing Fallout: 5 Questions Every Agent Should Ask (Part III) - 07/17/07 11:09 PM
This is the third in a series of posts designed to help prevent fallout when dealing with buyers that bring their own lenders to the deal. Part I discussed down payment, and Part II income documentation. No one wants to start a new client relationship off with an argument … (3 comments)
lending: Are You Working With a Part-Time Lender? - 02/26/07 06:36 PM
“I can’t talk right now, I’m at my day job,” …came the whisper from the other end of the phone. Escrows are falling apart at an alarming rate these days. Most of the fallout—according to my agents—is caused by incompetent lenders. On a recent visit to Keller Williams, Chris … (0 comments)
lending: Sacramento Mortgage Rate Update - 02/24/07 07:13 PM
The 30 year fixed rate closed the week unchanged at 6%. Behind the Numbers In a quiet week, largely devoid of significant economic reports, the main excitement was Wednesday’s CPI report which came in higher than expected at 0.2%. The core CPI rate also rose more than expected at … (0 comments)
lending: 6 Reasons Your Next Loan May Take Longer Than It Should - 02/21/07 02:34 AM
The way the real estate market has slowed, you would think lenders would be just waiting to pounce on and approve next loan that comes through. You’d think our “turn times” would be faster for underwriting, drawing loan docs, funding and recording. You’d think loans should virtually fly through the … (17 comments)
lending: States Weigh Mortgage Loan Suitability Standards - 02/15/07 11:16 PM
What’s next for the mortgage lending industry, beset by deepening accusations of predatory lending and mortgage fraud? Well, several states are considering the creation of suitability standards, similar to what stock brokers and investment advisors live with in the securities industry. If this movement takes shape, mortgage lenders might be … (0 comments)
lending: 4 Reasons to Keep the Wage Earner Stated Income Loan - 02/07/07 01:50 AM
In the eye of the hurricane, where mortgage fraud mixes with over-inflated real estate prices, lies the stated income loan. For those unfamiliar with this bit of mortgage slang, stated income loans allow a borrower to claim a level of income they don’t have to prove. How’s that for temptation?? … (3 comments)
lending: Mortgage Horror Story of the Week: Ripped Off by Daughter's Boyfriend - 01/02/07 11:37 PM
A Rising Tide Lifts All Boats That was certainly true of the appreciation that carried real estate values high up the beach in the first half of this decade. However, the tide has since rolled out, exposing the rocks and broken glass on the beach and leaving many a boat on its side in the sand. … (2 comments)
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This is the third in a series of posts designed to help prevent fallout when dealing with buyers that bring their own lenders to the deal. Part I discussed down payment, and Part II income documentation. 
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