Jack Guttentag
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Will borrowers now be protected from unjustified price increases?Jan 03, 2014 11:41 pm - Editor’s note: This is the first column in a three-part series appearing in Homes Saturday. The following is an email I received today, which I have edited down to the e...
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Payday loans can be an addictive viceDec 20, 2013 11:08 pm - Payday loans appear to be growing in importance. The spam folder in my email register now seems to have as many solicitations for payday loans as for home mortgage loans...
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What should be done with Fannie Mae and Freddie Mac?Dec 13, 2013 11:13 pm - What should be done with Fannie Mae and Freddie Mac? Actually, that is the easy question. There seems to be an almost universal consensus that the agencies should be pha...
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Can you use the good-faith estimate to shop mortgage prices?Nov 29, 2013 11:00 pm - Under Federal law, every home mortgage borrower must be provided with a Good Faith Estimate of Settlement Costs (GFE) within three days of receipt of the borrower's appl...
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When mortgage borrowers need an ombudsmanNov 22, 2013 11:15 pm - The ombudsman concept developed as a protection, or a source of redress, for individuals treated unjustly by governments, corporations, universities and other entities w...
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What to look for in a mortgage loan officerNov 15, 2013 11:08 pm - My new program to certify mortgage loan officers (LOs), which will become operational early next year, will focus on two features that are critically important to borrow...
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What to look for in a mortgage loan officerNov 08, 2013 8:58 am - When a mortgage borrower selects a lender with whom to deal, the identity of the firm is much less important to the borrower than the identity of the individual loan off...
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The HECM reverse mortgage program gets a makeoverNov 02, 2013 12:08 am - Last month, FHA announced a series of sweeping changes in the HECM reverse mortgage program, most of which have already taken effect. The changes are a response to incre...
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Why will some lenders accept borrowers that other lenders reject?Oct 19, 2013 12:08 am - Some mortgage applicants will be accepted by every lender and others will be rejected by every lender. However, there is a group of “marginal applicants” who will be rej...
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Is the “too big to fail” problem too big to solve?Oct 12, 2013 12:08 am - Previous articles in this series have described the major sources of public policy paralysis in dealing with the “too big to fail” Wall Street banking problem. One sourc...