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Will Trump End Reverse Mortgages?

Will Trump End Reverse Mortgages?

Reverse mortgages are in trouble. In fact, it’s fair to say that reverse mortgages may well be gone under the Trump Administration. “For most older people, the use of home equity in retirement is not a question of if, but when and how,” said Jay Greenberg, CEO of NCOA Services, a subsidiary of the National […]

Home Loan Size Hits New Record, Powered By Low Mortgage Rates

Home Loan Size Hits New Record, Powered By Low Mortgage Rates

Real estate lending is now in record territory, in large measure because of lagging mortgage rates. According to the Mortgage Bankers Association the average purchase mortgage is now $318,200, the highest level on record since the Association began tracking such data in 1990. The MBA data is important because it demonstrates the widespread willingness of […]

Why Hasn’t The Internet Killed Off Real Estate Brokers?

Why Hasn’t The Internet Killed Off Real Estate Brokers?

The internet was supposed to be the great leveler, disrupting businesses, overturning professions, and driving prices to zero. In the Internet era real estate brokers would go the way of dial telephones while self-sellers — owners of so-called “for-sale-by-owner” properties or FSBOs — were going to rule the market with all of information, forms, and […]

How Dodd-Frank Creates Low Mortgage Rates

How Dodd-Frank Creates Low Mortgage Rates

An amazing thing happened in Washington during the past week, something that positively impacts mortgage rates. A new report shows that the Dodd-Frank Act, a piece of 2010 legislation which the President and much of the Congress have vowed to emasculate if not completely overturn, actually works. The purpose of Dodd-Frank is to prevent another […]

Flailing Money Markets Power Today’s Real Estate Prices

Flailing Money Markets Power Today’s Real Estate Prices

If you’ve looked at mortgage rates recently you might have noticed something interesting, money markets worldwide are making real estate financing costs lower than they were at the end of 2016. Not very much lower, but lower. As far as anybody knows the Federal Reserve is still poised to raise bank rates higher at several […]

Why Can’t Chefs Rate Restaurant Reviews?

Why Can’t Chefs Rate Restaurant Reviews?

Restaurant reviews have become a national staple, fun for foodies but too often a death knell for hard-working chefs and servers. Reviewers get to be critical, ironic, funny and picky – even if they have no idea of what they’re talking about. And that brings us to the essential flaw represented by online restaurant reviews: […]

Trump, FHA Mortgages and Rethinking Discounts

Trump, FHA Mortgages and Rethinking Discounts

Speaking from the Capitol at his inauguration, our new President said “for too long, a small group in our nation’s capital has reaped the rewards of government while the people have borne the cost. Washington flourished, but the people did not share in its wealth.” And then, within an hour, it was announced that a […]