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Tag: Mortgages

Real Estate: Why The Common-Sense Mortgage Is Back

Real Estate: Why The Common-Sense Mortgage Is Back

When are you going to re-do the mortgage book? It’s a question I get with some frequency because the “mortgage book” was published by Harper & Row in a series of editions that spanned more than a decade. It popularized a revolutionary idea, the thought that mortgage borrowers could save enormous amounts of money if […]

Fintech: Who Will Pay The Mortgage If Robots Take Our Jobs?

Fintech: Who Will Pay The Mortgage If Robots Take Our Jobs?

Technology was supposed to be the savior of mankind and you have to admit it’s been great. Dogs are being cloned, drones are taking out the bad guys, and farmers are more productive. The only people who can still use a slide rule remember when Eisenhower was in office. But, unfortunately, there is the little […]

Are Old People Too Dumb To Get A Mortgage?

Are Old People Too Dumb To Get A Mortgage?

The are some snippets of information which are hard to miss and this one surely caught my interest: According to the Mortgage Bankers Association, “cognitive decline impacts the housing behavior of older Americans.” Does this mean older people are increasingly too dumb to buy real estate or get a mortgage? Apparently in some cases the […]

Why Legacy Mortgages Still Boost Foreclosure Totals

Why Legacy Mortgages Still Boost Foreclosure Totals

The mortgage meltdown ended in 2008. That’s a long time ago and yet it is the loans from mortgage lending’s go-go era from 2000 to 2008 which continue to screw up the real estate market even today. No, certainly, we are not seeing the foreclosure levels which dominated the marketplace once it became apparent that […]

Why Credit Unions Show Huge Mortgage Growth

Why Credit Unions Show Huge Mortgage Growth

It’s a great time to be a credit union. The latest figures from the CUNA Mutual Group, an industry trade association, show that loan balances at the nation’s 6,000+ credit unions have grown by 10.4 percent during the past year. Most remarkably, the association reports that credit union first-mortgage originations “are on pace to reach […]

Wall Street, Mortgage Rates & The Web Of Debt

Wall Street, Mortgage Rates & The Web Of Debt

Wall Street is in the midst of the steep sell-off as this is written, but if you look at the world of mortgage rates things are not only looking good they’re looking better than they did a few weeks ago. The yield for 10-year Treasury securities is now below 2 percent for the first time […]

Why Credit Scores Are So Common

Why Credit Scores Are So Common

Credit scores have become more common in the last few years and one reason is that requirements under new federal lending rules. It’s not so much that lenders are required to hand out credit scores, rather the requirements are sufficiently vague that lenders give out the scores without cost to mortgage applicants to avoid any question […]

Real Estate: Why Neighborhood Crime Stats Are Wrong

Real Estate: Why Neighborhood Crime Stats Are Wrong

Crime is a big problem and in the process of considering a move to a new city I wanted to see if I could compare crime rates between ZIP codes. I found a lot of numbers online and then stumbled onto a bastion of data sanity as well as a way to save nearly $150 […]

Why Are Real Estate Expectations Falling?

Why Are Real Estate Expectations Falling?

There’s a lot of worry in the real estate industry because it turns out that 2014 is not shaping up as the year of expansion that many had expected. But why should anyone be surprised? Sure the economy is rebounding, but it’s not rebounding equally across the country. “Of the approximately 350 metro markets nationwide, […]

Is There Really A Real Estate Bust Ahead?

Is There Really A Real Estate Bust Ahead?

There are a number of signs that the real estate marketplace has begun to stall. Yes there are bright spots but on the whole things are hardly rosy. “After a decade of boom-bust-boom,” says Bloomberg Businessweek, “the U.S. housing market is going downhill just when many economists thought it would be heading higher. Sales of […]