arm: How We Fell Into Equity Line Hell (And The Reckoning Yet to Come) PART 1 - 12/14/09 02:27 AM
The year was 2005 and the owner of my mortgage company strolled into my office with that "LOOK" on his face.
Clearly, I was in trouble.
He was there to scold have a serious talk with me. It seems my sin was doing too many equity lines.
I was asked to allocate more of my time to doing first mortgages. Why? Because an equity line made me (and the company) very little money.
Solemnly, I nodded in agreement and promised to change my ways.
Ignoring everything he had said, I went madly on, writing new equity lines every week. 
During those times, you didn't … (12 comments)

arm: 10 Positive Predictions for Real Estate in 2010 - 12/04/09 07:16 AM
Homeowners come to terms with the harsh reality of declining values.  I believe we will see movement in the move-up market. Enough time has passed that the reality has set in. Those "waiting it out" for a higher price will decide to sell and move on.  The return of jumbo money. Behind the scenes, I suspect lenders are trying to figure out how to capture a lucrative market that has been kicked to the side of the curb: Buyers with great credit, solid assets, and high incomes. Wait...tell me again why these people should pay far higher rates than the store clerk with … (91 comments)

arm: 10 Steps To Help You Sleep at Night... Even Though Your ARM Is About to Adjust! - 11/25/08 04:08 AM

If every single person facing a loan adjustment had educated guidance, and a solid course of action for their pending loan adjustment, I believe it would THAW out much of the PANIC causing our current economic freeze.
Ever hear of the "fear of the the unknown?" It is alive and well in the heads of those with adjustable rate mortgages, I promise you.
In an attempt to keep things very simple, allow me to say this: Adjustable rate mortgage payments that pay off NO principal and have an unknown (and difficult to understand) future event that CHANGES the payment, are … (5 comments)