Jack Guttentag
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Does mortgage securitization help borrowers?May 23, 2015 1:00 am - Q. Lenders made bad loans during the years prior to the financial crisis because the loans could be sold as securities to unwary investors. Would most mortgage borrowers...
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Why small home mortgage loans are hard to findMay 16, 2015 12:00 am - Providing small mortgage loans at non-subsidized prices affordable to the borrower has always been a challenge. The core problem is that the high cost of originating and...
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Know your options for reverse mortgage prices, feesMay 02, 2015 1:00 am - Senior homeowners looking to shop the HECM reverse mortgage market for the best price - meaning the lowest interest rate and origination fee - have a major problem. Unli...
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Why builders steer you to use their lenderApr 25, 2015 12:00 am - This article concludes a three-part series that has appeared in HomesSaturday. The first two articles in this series on referral fees dealt with situations where mortgag...
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Mortgage referral fees and the public interest: forty years of bunglesApr 18, 2015 12:00 am - This is the second article in a three-part series which began last week in HomesSaturday. The Real Estate Settlement Procedures Act, or RESPA, was aimed at reducing sett...
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Mortgage referral fees and the public interest: 40 years of bunglesApr 12, 2015 11:00 pm - Part 1 of 3 Markets don't work well when one party to transactions has much more information than the other party, especially when the party with better information also...
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Will the current explosion in sub-prime lending lead to another financial crisis?Apr 05, 2015 12:00 am - The hottest segment of the consumer loan market today is loans to consumers with poor credit, mostly for the purchase of automobiles or to pay credit card charges. Becau...
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Mortgage points: a powerful option that is often neglectedMar 28, 2015 12:00 am - What are points? Mortgage points are an upfront payment to the lender, expressed as a percent of the loan amount. For example, one point on a $210,000 loan is $2,100. Po...
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Selecting the type of mortgage that best meets your needsMar 14, 2015 1:00 am - Perhaps the most important decision a mortgage borrower makes is the type of mortgage: whether fixed rate (FRM) or adjustable rate (ARM); if it is fixed, they decide the...
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Buying a new house before selling the old oneMar 06, 2015 11:00 pm - Homeowners buy their second or third homes for a variety of reasons. They may be trading up to get more space and amenities; they may be downsizing, because they don't n...