Jack Guttentag
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Forget the homeownership rate; it is the process that mattersDec 19, 2014 11:00 pm - Because of the widespread belief that homeownership is valuable, the recent decline in the homeownership rate has generated some dismay. The rate, which had peaked at 69...
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Can bad financial habits be unlearned?Dec 05, 2014 11:00 pm - Some readers of last week's column recognized themselves in my description of a "NOHO": someone not cut out to be a homeowner. NOHOs live paycheck to paycheck, price sub...
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Homeownership is not for everyoneNov 28, 2014 11:00 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...
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Introducing the Manageable MortgageNov 21, 2014 11:00 pm - Last week I suggested that the standard mortgage was very difficult for many borrowers to manage because of its rigid payment obligation, the fixed payment period and pa...
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Why the standard mortgage is obsoleteNov 14, 2014 11:00 pm - Last week I wrote about the so-called wealth-builder (WB) mortgage, designed to marry the rapid balance pay-down of a 15-year mortgage with the low monthly payment of a ...
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Is the Wealth-Builder mortgage all smoke and mirrors?Nov 07, 2014 11:00 pm - Q. What do you think of the new Wealth-Builder mortgage that has gotten a lot of press? A. The developers of the Wealth-Builder (WB), Edward Pinto and Stephen Oliner of ...
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Why many good mortgage loans are not being madeNov 01, 2014 2:00 am - The housing sector today is not providing the economic stimulus we had come to expect during periods of economic recovery. A major reason is that the underwriting rules ...
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Girls volleyball: Huntley tops Jacobs to reach regional finalOct 28, 2014 1:01 am - Everything was clicking for Huntley's girls volleyball team Tuesday night. Playing before a raucous home crowd, the top-seeded Red Raiders downed No. 4 Jacobs, 25-15, 25...
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Introducing the 'kosher' HECM reverse mortgageOct 25, 2014 12:00 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 co...
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How to eliminate third party-settlement costsOct 18, 2014 1:00 am - 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 thi...