ARCHIVED BLOG POSTS
2012
“Another Perfect Example of Outsourcing American Jobs” I am all in favor of a free enterprise system, but I have a real problem with American job going overseas. Warren Buffett, Berkshire Hathaway’s founder and leader has always been looked at, as an American icon when it comes to buying pr...
10/30/2012
“The More Home Buyers Know, the Better We Look!” I have been reading article after article about how poorly informed the consumer is. Sure there are some consumers that are not very knowledgeable about buying real estate or obtaining a mortgage, but certainly not the majority. The majority of cli...
10/29/2012
“FHA Guidelines and Exceptions After a Bankruptcy” Exceptions are rare, but possible. Here is an example. In 2009 Judy battled breast cancer and beat it! She is a single mother of 3. Prior to being diagnosed, had a high paying job, but had to take a leave of absence for nearly a year. Unfortunate...
10/29/2012
“Pending Rules and Capital Requirement Will Slow Housing Recovery” I don’t know anyone in the mortgage or real estate business that doesn’t feel that we are totally over regulated. Over-regulated that it costs each consumer more money to buy a home and get a mortgage. That many of the regulations...
10/28/2012
“Since When Has Barney Frank Started Advocating for Banks?” When I originally read an article about Frank saying the justice department should not file suit against JP Morgan Chase, I thought it was a misprint. Here is Barney Frank of Dodd-Frank, who help gave our country some of the worst le...
10/26/2012
“Study Indicates: Cost of Doing a Mortgage, One of Biggest Concerns of Consumers” One thing I have learned over the years, is everyone knows what their service is worth. Unfortunately, most consumers don’t really understand what they get for their money. A local banker recently referred clients t...
10/25/2012
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“Consumers Look at Online Recommendations” I see proof each and every day. I am doing between 6-7 mortgage application per month that come directly from blogging and social media. I would never have believed it in a million years. The main reason that folks will always comment its the recomme...
10/24/2012
“Anyone That Can Qualify for a Mortgage Can Get One” The author of the article below doesn’t get it. She makes a case that the underwriters that were in the mortgage business a few years ago, just didn’t do a good job. That is truly crazy! Underwriters did their jobs based on the criteria t...
10/24/2012
“Young Home Buyers Move in with Parents to Help Them Keep Their Home?” I thought I had a unique situation. After reading the article below, this is not so unique. I got a call from clients that I did a mortgage for many years ago. They indicated that they were having difficulty making their...
10/23/2012
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“A Home Inspection is an Absolute Must” When a do a preapproval for clients, one of the discussions is about the home buying process and the importance of a home inspector. Most people understand, but from time to time I am asked why they need one. Very quickly they understand how important. Th...
10/22/2012