Jack Guttentag
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Using a reverse mortgage to avoid impoverishment: first of twoJun 28, 2013 10:53 am - Retirement has become a frightening prospect for millions of Americans who haven’t made adequate financial preparation for it, yet face the likelihood of living much lon...
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When banks compete, you win – except when you lose!Jun 22, 2013 12:54 am - Competition is generally viewed as a good thing, in the U.S. at least. Hence, advertisements that create an image of powerful banks having to compete among themselves fo...
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Insanity in today’s mortgage marketJun 08, 2013 4:30 am - In a recent article, Sub-Prime 2013 Edition: It is Government Insured!, I pointed out that mortgage lenders today can make a loan with only 3 percent down to a borrower ...
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Crackdown on mortgage reinsurance may not benefit homeownersJun 01, 2013 5:21 am - On April 4, the Consumer Financial Protection Bureau announced it had taken “enforcement actions to end what the bureau believes to be improper kickbacks paid by mortgag...
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Despite new rules, borrowers still vulnerable to discriminationMay 04, 2013 4:08 am - In an effort to eliminate discriminatory pricing of home mortgage loans, the federal government now imposes a raft of regulations on how mortgage brokers can price loans...
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Allure of financial gain blinds many to the obvious red flagsApr 27, 2013 4:59 am - A few weeks ago, I discovered I was not getting all the emails sent to me by readers, which induced me to examine my spam file. Dismayed to find that it contained many l...
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Protect yourself against mortgage lock scamsApr 20, 2013 5:57 am - A price quote means nothing until it is properly locked with the lender. A rate lock, as it is commonly called, is the lender’s commitment that it will make the specifie...
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Complications arise when splitting real estate in divorceApr 13, 2013 5:37 am - If a couple is not married when they purchase a house, the possibility of a future split looms large, and they should agree before the purchase on how the house will be ...
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Reverse mortgages struggle to shake stigmaApr 06, 2013 4:27 am - Q. It seems to me that you are writing a lot about reverse mortgages recently. Is the subject really worth the time you are spending on it? A. I think so. I view the hom...
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Mortgage professor: What seniors should know if borrowing costs start to riseMar 29, 2013 5:21 am - This is a great time for senior homeowners to take out a home equity conversion mortgage (HECM), especially if they don’t need the extra money now! Sounds crazy? It isn’...