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Editorial

Jack Guttentag

Columnist

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items 1-10 out of 210


How to eliminate third party-settlement costs

Oct 16 2014 | 4:35 pm - In a recent article I proposed that Fannie Mae and Freddie Mac be removed from limbo and given a new mission: to create a better primary mortgage market. Among other things, this would include the elimination of third-party settlement costs.

Why not use Fannie and Freddie to make a better primary market?

Oct 09 2014 | 4:59 pm - The phaseout of Fannie Mae and Freddie Mac, which have now been in conservatorship for six years, is on indefinite hold. Terminating them without an effective replacement would devastate the market, and no effective replacement is in sight.

Conventional versus FHA: which should you choose?

Oct 03 2014 | 12:42 pm - Don’t jump to the conclusion that the better choice is the mortgage with the lower interest rate. FHAs carry a lower interest rate but largely because of their high insurance premiums, they usually (but not always) cost the borrower more.

A rocky transition to double-digit mortgage rates

Sep 26 2014 | 10:20 am - For the last 24 years, mortgage interest rates have been in the single digits, supporting a widespread presumption in the industry that this is the normal state of affairs. Yet mortgage rates were 10 percent or higher during most of the 11-year...

The easy way and the hard way to get a mortgage: the hard way is better

Sep 11 2014 | 2:13 pm - Most homebuyers who need a mortgage place themselves in the hands of a loan officer or mortgage broker referred to them by their real estate agent, or by a friend, relative or business associate. This is the easy way, and I understand its appeal.

CFPB is now a consumer complaint clearinghouse

Sep 04 2014 | 3:41 pm - Financial services often don’t work well for consumers. The trial-and-error technique that consumers rely on in navigating many markets, such as food and clothing markets, does not work well when transactions are large and infrequent.

Don’t expect much from unregulated regulators

Aug 29 2014 | 10:17 am - The seeds of this article were planted in my brain some 30 odd years ago, when I did a consulting project for HUD, for which they contracted to pay me $2,500. Three months after delivery and acceptance of my report by HUD, I realized I had not yet...

Manage your credit score to get the best possible mortgage

Aug 21 2014 | 2:23 pm - How does one manage credit cards so as to generate the highest possible credit score? Credit scores are calculated using a variety of models that have small differences between them and generate similar, but not identical, scores.

Housing bubble differed from buildup in subprime car loans

Aug 14 2014 | 3:56 pm - In a long front-page article in the NY Times last month, Jessica Silver-Greenberg and Michael Corkery answer this question affirmatively. Their article cites numerous parallels to the conditions that led up to the crisis in the subprime mortgage...

Should seniors buying a house do it with a HECM reverse mortgage?

Aug 07 2014 | 3:43 pm - Many home purchasers are seniors. They may want a house that has no stairs, or one that is closer to family or friends, or in a warmer climate. In many cases, they want to downsize.

items 1-10 out of 210