Jack Guttentag
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Mortgage Professor: Web-based servicing expedites mortgage modificationsDec 16, 2011 11:00 pm - Q. Will the rule that all mortgage servicers must designate one employee as a single point of contact for every borrower requesting a loan modification make the proc...
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Mortgage Professor: Buyers have a lot to lose if they cancel lease-to-own dealDec 09, 2011 11:00 pm - Lease-to-own arrangements have proliferated in the post-crisis housing market. A lease-to-own house purchase (also “rent-to-own purchase” or “lease purchase”) is a lease...
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Mortgage Professor: Ways to avoid refinance rejection What you should know about lender ‘overlays,’ debt ratiosDec 02, 2011 11:00 pm - “My application to refinance my $200,000 loan was recently turned down … do I have any recourse?” If by recourse you mean a third party of some standing who will direct ...
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Mortgage Professor: Choice is power when shopping for mortgageNov 25, 2011 11:00 pm - Mortgage lead generation websites — or LGSs — have become a major part of the home mortgage distribution system. LGSs collect information from potential borrowers visiti...
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Mortgage Professor: Failing to understand refinancing process can cost borrowersNov 18, 2011 11:00 pm - A reader asked her loan officer for an explanation of the process by which her existing loan was paid off when she refinanced. The note shown below is the loan officer’s...
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Mortgage Professor: A plan to jump-start housingNov 11, 2011 11:00 pm - Editor’s note: This is the final column in a three-part series appearing in HomesSaturday detailing how to jump-start the housing market. Previous articles in this serie...
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Mortgage Professor: Get rid of appraisals, income documentationNov 05, 2011 12:00 am - Editor’s note. This is the second article in a three-part series appearing in HomesSaturday. The first article in this series argued that a rollback of Fannie/Freddie le...
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Mortgage Professor: A plan to jump-start housingOct 29, 2011 12:00 am - Policy proposals for dealing with our current depressed economy are largely at an impasse. Monetary policy has gone about as far as it can go, while fiscal policy is ham...
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Mortgage Professor: Rental income no help to homebuyersOct 22, 2011 12:00 am - First-time homebuyers strapped for income have often looked to generate some rental income from the house they plan to purchase that will help them qualify for the mortg...
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Mortgage Professor: Three ways to combat poor real estate appraisalsOct 15, 2011 12:00 am - Editor’s note: This is the final column in a three-part series in HomesSaturday on factors leading to a rise in mortgage denials. Previous articles in this series descri...