Jack Guttentag
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New tool reliably compares mortgage rates, avoids overchargesMar 23, 2013 5:15 am - The process of deciding whether to refinance a mortgage in order to lower costs involves four steps: Ÿ Step one: Select the preferred type of new mortgage. Ÿ Step two: ...
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Eliminate ‘profit illusion’ from mortgage lendingMar 16, 2013 4:38 am - Editor’s note: This is the final column in a two-part series appearing in HomesSaturday. As noted in last week’s article, the subprime debacle arose out of a housing bub...
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Why haven’t any of the subprime ‘criminals’ been jailed?Mar 09, 2013 4:06 am - Editor’s note: This is the first column in a series that will appear in HomesSaturday. Q. According to a recent “Nightline” program, none of the Wall Street executives w...
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New mortgage affordability rules offer hopeMar 02, 2013 3:59 am - “What is your assessment of the new set of regulations issued by CFPB?” My quick reaction to the hundreds of new mortgage rules recently issued by CFPB, contained in 804...
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HECM’s success depends on reversing negative perceptionsFeb 23, 2013 4:48 am - Editor’s note: This article is part of a series appearing in HomesSaturday. Last week’s article proposed capping cash draws in the early years of a home equity conversio...
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Eliminating fixed-rate HECM loan makes no senseFeb 16, 2013 4:09 am - Editor’s note: This is the second column in a series. The series continues next week in HomesSaturday. The first article in this series indicated that major changes were...
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HECM reverse mortgages are attracting the wrong crowdFeb 09, 2013 4:01 am - The recent actuarial review of the financial status of FHA’s home equity conversion mortgage (HECM) insurance fund, revealing a deficit of $2.8 billion, has generated co...
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Using a HECM reverse mortgage as an insurance policyFeb 02, 2013 4:38 am - Q. Can seniors insure themselves against running out of money? A. If they have significant equity in a home they occupy as their principal residence, the answer is “yes,...
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Five things to know about extra loan paymentsJan 26, 2013 4:27 am - Editor’s note: This series of articles is about opportunities available to people to save money on a mortgage in 2013. The first two articles were directed to unexploite...
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Getting lender’s best price on home loan often futileJan 18, 2013 4:15 am - Editor’s note: This is the second article in a series. This series of articles is about opportunities available to homeowners to save money on a mortgage in 2013. The fi...