All Posts Tagged With: "no"
Are Toxic Loans Coming Back?
Our good friends at Realty Times report that some in the mortgage industry believe that no-doc loans and other forms of toxic finance “may soon be making a comeback” and that “some people can’t wait for the no-doc loans.” Really? I have no doubt that some people would be elated by the return of liar [...]
20Jul2009 | Peter G. Miller | 0 comments | Continued
Will HUD Allow FHA Loans With No Money Down?
Has HUD changed its mind? On Monday, May 11th, HUD posted Mortgagee Letter 2009-15 which explained that “Federal, state, and local governmental agencies and nonprofit instrumentalities of government, FHA-approved nonprofits, and FHA-approved mortgagees may provide short-term or “bridge loans– secured only by the anticipated tax credit due the homebuyer as collateral.” Immediately the letter was [...]
18May2009 | Peter G. Miller | 0 comments | Continued
The Case For Flexible Real Estate Commissions
Isn’t it time to change real estate agreements — to make them better for buyers, sellers and brokers? Syndicated columnist Peter G. Miller explains.
17Feb2009 | Peter G. Miller | 0 comments | Continued
How To Hold & Keep Your Job
Getting a job is not easy. There are the many interviews, the endless emails and resumes and the competition for the best spots. Amazingly enough, having gone through this marathon process, having been hired, the hiring process is not over. Huh? How can this be? In the U.S. today we have a surplus of job [...]
4Jan2009 | Peter G. Miller | 0 comments | Continued
Why Have Piggyback Mortgages Disappeared?
We usually define a “conventional” mortgage as financing with 20 percent down. Since most people don’t happen to have 20 down much less 20 percent plus closing costs, there has always been a market for mortgages that somehow require fewer dollars up front. The way you get loans with less down is to find a [...]
20Sep2008 | Peter G. Miller | 0 comments | Continued
Should Lenders Dump No-Tell Loans?
For many years the lending process has become less and less rigid. In the general case this is a trend to be welcomed, but the question to be asked is this: Have we gone too far? With “stated income” loans borrowers tell the lender how much they make but the lender graciously does not verify [...]
16Sep2008 | Peter G. Miller | 0 comments | Continued
Can I Get A Mortgage If I Have No Credit Cards?
While a credit card or cards shows an ability to handle credit, there are other measures as well. For instance, payments for utilities, rent, student loans, auto debt, or a telephone all show financial responsibility. And — interestingly — if you do not have credit cards but have regular expenses and solid savings, there’s an [...]
29Aug2008 | Peter G. Miller | 0 comments | Continued
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