Facebook page calm

Articles filed under Guttentag, Jack

Show 21-40 of 224 « previous next »
  • Should I apply for a mortgage jointly with spouse, or on my own? Jun 14, 2014 12:00 AM
    Q. My wife and I are looking to purchase a $450,000 home, and I am wondering whether I should apply for the mortgage we will need as an individual, or jointly with my wife? I make $84,000 a year and have a credit score of about 800. She makes $48,000 and has a credit score of about 680.

  • When to ignore the APR and when to use it Jun 7, 2014 12:00 AM
    For more than 40 years, the centerpiece mortgage disclosure mandated by Truth in Lending has been the Annual Percentage Rate, or APR. But when is it actually useful to compare APRs when comparing mortgage loans?

  • Did banking policy-makers apply a double standard? May 31, 2014 12:00 AM
    Q. Paul Krugman in a recent article argues that the major reason the economy is stuck in low gear today is that policymakers have used a double standard, helping the banks as needed to restore confidence in financial markets but refusing to provide adequate debt relief to individual borrowers. Do you agree?

  • Make sure you get the mortgage promised to you May 24, 2014 12:00 AM
    The challenging part of the closing process is perusing the transactional documents that indicate whether or not you are getting the deal you believe you negotiated or were promised.

  • Preparing yourself for the mortgage closing May 15, 2014 4:00 PM
    Q. I recently read that the Consumer Financial Protection Bureau is going to make the mortgage loan closing process more consumer friendly. Do you think it can?

  • Robust secondary market needed to replace Fannie, Freddie Apr 19, 2014 12:00 AM
    Last week, I discussed a major weakness of the draft proposal recently released by the Senate Banking Committee to replace Fannie Mae and Freddie Mac. The proposal is critically dependent on attracting private capital from “guarantors” who would operate as a buffer against loss to the government.

  • Senate committee’s proposal for replacing Fannie Mae, Freddie Mac Apr 12, 2014 12:00 AM
    Legislators agree on the need for a plan to pahase out Fannie Mae and Freddie Mac, once the twin kingpins of the home loan market. There now is at least a preliminary game plan, which is contained in the draft on housing finance reform recently released by leaders of the Senate Banking Committee. The draft has received a positive response in some quarters as evidence that bipartisan cooperation is still possible.

  • Unmarried couples buying a house together may also be buying trouble Mar 22, 2014 12:00 AM
    More and more couples, both mixed and same-sex, are electing to live together without getting married, and often this includes purchasing a home together. This is a major decision fraught with potential consequences if and when they decide to split.

  • Mortgage-related issues for married couples Mar 15, 2014 12:00 AM
    When a married couple purchases a house with the help of a mortgage, they become subject to a wide range of legal rules and custom-based practices at every stage of the process. This article will summarize some of the major issues that arise.

  • Builder financing may be problematic Mar 8, 2014 12:00 AM
    I purchased a home from builder XYZ for $320,000, and have a $10,666 Realtor rebate coming back to me. In addition, if I use XYZ’s lender, the lender will pay $5,000 toward my settlement costs.

  • Would a HECM reverse mortgage work for you? Mar 1, 2014 12:00 AM
    In a recent article, I described a reliable and easy-to-use calculator that could improve the ability of seniors to determine whether or not their lives would be benefited by a HECM reverse mortgage. However, having a tool is one thing, knowing how to use it effectively is another.

  • Should condo owners press their boards to seek FHA approval? Feb 22, 2014 12:00 AM
    If a condo meets FHA approval, purchasers of units in the condo are eligible for FHA financing. This is advantageous to existing residents who want to sell their units. However, many condos that could qualify have never sought approval.

  • Will home purchases ever be transacted in bitcoins? Feb 15, 2014 1:01 AM
    Will home purchases and mortgages ever be transacted in bitcoins? That this question gets asked with increasing frequency is an indication of how far the bitcoin phenomena has come. Readers should recognize that any answer at this point has to be highly speculative.

  • Breaking the logjam on HECM reverse mortgages Feb 1, 2014 12:48 AM
    With HECM reverse mortgages, a fear of being overcharged is part of a climate of distrust that strengthens senior reluctance to become involved, and retards market growth. The remedy can be independent networks that provide true price competition and protection against lock abuse on loans.

  • Breaking the logjam on HECM reverse mortgages Jan 25, 2014 12:34 AM
    People reaching retirement age are living longer than ever, and retiring with less capacity to maintain their living standards. Yet most retiring seniors own homes in which they have significant equity, which could be unlocked by taking a HECM reverse mortgage.

  • New mortgage disclosure forms lack useful comparisons Jan 18, 2014 12:22 AM
    The Consumer Financial Protection Bureau has developed two new disclosure forms designed to make the mortgage process more manageable for borrowers. This article considers whether the disclosures will help borrowers select the type of mortgage that best meets their needs.

  • Mortgage professor: If borrowers owned the appraisals they pay for, they would be able to shop for a mortgage effectively Jan 16, 2014 2:13 PM
    The Consumer Financial Protection Bureau (CFPB) has developed two new disclosure forms that will replace three forms administered by HUD and the Federal Reserve. The adoption date was recently extended to August 2015, which hopefully will allow CFPB to make some needed improvements.

  • Will borrowers now be protected from unjustified price increases? Jan 4, 2014 12:41 AM
    I have received letters for many years, with the volume increasing noticeably following the financial crisis, about government-mandated disclosures people receive after they have applied for a mortgage. These disclosures are followed by a second, usually a third, and often by a fourth set of disclosures.

  • Payday loans can be an addictive vice Dec 21, 2013 12:08 AM
    Payday loans appear to be growing in importance. The Internet is a more cost-effective way of marketing payday loans than the traditional storefront. In addition, a number of banks have entered the market in recent years with “deposit advances,” which are essentially the same as payday loans.

  • What should be done with Fannie Mae and Freddie Mac? Dec 14, 2013 12:13 AM
    There seems to be an almost universal consensus that Fannie Mae and Freddie Mac should be phased out. The tough question is not how we phase out the agencies but how we replace the market support they now provide. Right now, there is no game plan for replacing them. We are just drifting, one more example of federal government dysfunction.

Show 21-40 of 224 « previous next »
Latest Video


Most Commented
Top Jobs

    View all Top Jobs Place a job ad



    • Daily Herald eEdition Cook of the Week Challenge
    • Report card checker - report card checker Dh innovation award 2 - Dh innovation award 2
    • Zillow /real estate page Discuss refer
    • On Guard series Newspaper archives -- Monday or anyday
    • Mike North National Newspaper Week - National Newspaper Week



    Connect with a business or service in your area fast. First select a town, then enter a search term or choose one of the listed popular searches:

    Don't see your town listed? Visit our full directory to begin your search.