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Jack Guttentag

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items 1-10 out of 217


Can bad financial habits be unlearned?

Dec 04 2014 | 12:25 pm - Some readers of last week’s column recognized themselves in my description of a “NOHO”: someone not cut out to be a homeowner. Some readers asked me how to change this pattern, and I decided to take a stab at it in this article.

Homeownership is not for everyone

Nov 26 2014 | 4:11 pm - Some people are not cut out to be homeowners. I call them NOHOs. What distinguishes them is not their income, their mobility, or where they live – rather, it is how they live.

Introducing the Manageable Mortgage

Nov 20 2014 | 5:38 pm - This article introduces what I will call the Manageable Mortgage which has none of these problems. It would give borrowers the leeway to integrate the management of their mortgage into their lifestyle and budgetary practices, without weakening the...

Why the standard mortgage is obsolete

Nov 13 2014 | 5:19 pm - One of the things I have learned from many years of answering questions from readers is that often they try to manage their mortgage in one way or another, but without much success. The existing instrument was not designed to be managed.

Is the Wealth-Builder mortgage all smoke and mirrors?

Nov 07 2014 | 10:16 am - Q. What do you think of the new Wealth-Builder mortgage that has gotten a lot of press?

Why many good mortgage loans are not being made

Oct 31 2014 | 2:53 pm - Much of the system of rules and beliefs in today's tight mortgage market stem from Dodd-Frank reforms, which were formulated in an atmosphere hostile to lenders. But borrowers are the ones paying the price.

Introducing the ‘kosher’ HECM reverse mortgage

Oct 24 2014 | 10:32 am - The kosher stamp on a food means that it has been certified as fit for human consumption. We need a comparable certification process for financial instruments sold to consumers, with the need most pronounced for the more complex instruments.

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.

items 1-10 out of 217