Mortgage Insights

So, I had an attorney 'friend' of mine say he wouldn't budge on his price for my parents closing when they were buying a house. 'Ok, fine, I'll go somewhere else. I've given you enough business (tens of thousands of dollars of business, not peanuts), but whatever'. Jerk.Go to attorney 'friend' nu...

From what I hear, it's true. Any agents out there have some good REO's (HUD only, it seems...  I could be wrong)? Maybe we could do some co-marketing??? :)Let's get rolling on this! I know a lot of HUD homes are dumps, but that may not be true these days. Some things have been done to add a littl...

I know this couple who are buying a house today in New Jersey. Since it's one of the few states we don't do business in (for about another 30 days or so), I couldn't do the loan for them. They searched and searched for just the right lender. They came across a local bank offering knock-out rates....

It seems these days it's very difficult to get any kind of niche financing. I have a theory that this issue is due more to the fact that lenders no longer service or hold on to any of their mortgages, but sell them instead to the secondary, who in turn sells them again...  That's what it seems li...

I received a phone call last night from a client of mine that I've done a few mortgages for- but most recently a HELOC through CITI. I have done a ton of business with CITI, and due to a few unethical things they have done, I refuse to do business with them any longer. BUT this takes the cake.It ...

It seems that this is a popular route these days. For every 'ill' that plagues our country, there inevitably has to be a scapegoat to blame it all on. When it comes to the mortgage industry, who better to blame than the mortgage brokers? In the most recent discussions and legislation, it's become...

With Spring right here at our fingertips, I've been wondering if buyers of all sorts will start coming out in droves to take advantage of not only the great interest rates but also the tremendous inventory on the market. My only concern is the 'low-ballers' out there who try to get a house for a ...