Author Archives: theloanman

What Will 2014 Bring for Real Estate? CNBC Real Estate Reporter Diana Olick has made her real estate predictions for 2014. While none of us can know what will happen to the real estate market either nationally or locally, Diana’s … Continue reading →

Texas Purchase & Refinance Mortgage Rates …….  Make your clients happy with these Low Rates & Low Fee Loans, also let your your clients, friends and family know……..that we will beat any deal on rates, fees and service.  We are … Continue reading →

Texas Purchase & Refinance Mortgage Rates …….  Make your clients happy with these Low Rates & Low Fee Loans, also let your your clients, friends and family know……..that we will beat any deal on rates, fees and service.  We are … Continue reading →

Once again, our people in Washington D.C. are taking steps to “fix” the mortgage industry. On June 25, 2013 the Corker-Warner Housing Finance Reform and Taxpayer Protection was introduced with the stated intention of “strengthening America’s housing finance system by … Continue reading →

All too often, people are approved for a loan and happily anticipating moving into a new home – only to find out at the last minute that their loan has been denied. Why? Because they entered into avoidable situations that … Continue reading →

Under the terms of the Dodd-Frank act, as of January 10, 2014 banks will be subject to the Ability-to-Repay Rule – also known as the Qualified Mortgage Rule. One of the provisions of that rule is that a borrower’s total … Continue reading →

If senior officials listen to their own economists, the answer will be yes. At present, the Fed expects to begin raising interest rates when the unemployment rate drops to 6.5% and inflation rises to 2.5%. Now a half-dozen Fed economists … Continue reading →

Fannie Mae’s official forecast was written during the shut-down, so in a sense is obsolete. However, they based their prediction on the assumption that the shut-down would end as it did. Based on a lowered estimate of growth in the … Continue reading →

Handling of Collections & Disputed Accounts In an effort to reduce risk in backing mortgage loans, HUD has once again revised its regulations, effective October 15. Mortgage Letter 2013-24 deals with credit analysis of collections and judgments, and outlines how … Continue reading →

Dual agency is defined as a real estate transaction in which one agent represents both buyer and seller in a real estate purchase. Years ago, all agents represented the seller in every transaction. The buyer might or might not have … Continue reading →