Jack Guttentag
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Robo-signing scandal brings more bad newsDec 03, 2010 10:00 pm - In normal times, the disclosure that mortgage lenders have cut corners in foreclosing on delinquent borrowers would have been a ho-hum item to the media. But these are n...
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Don't fall victim to lender gamesNov 26, 2010 10:00 pm - Locking the rate on a mortgage means obtaining a lender's commitment that it will make the specified loan at the specified rate, points and other fees within a specified...
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Lenders crack down on loan-to-value, credit requirementsNov 18, 2010 10:00 pm - While mortgage interest rates are at their lowest levels since 1945, millions of mortgages that carry interest rates of 6 percent to 9 percent or even higher are not bei...
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Excessive fees just one example of bad home loan lawsNov 12, 2010 10:00 pm - “(Economist) Joseph Stiglitz argues that markets in which information is less than perfect can work better with government intervention. You continually emphasize the in...
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Trouble began when lenders couldn't fund their own loansNov 05, 2010 11:00 pm - Last year, I unwisely committed to writing an article on mortgage insurance for an international encyclopedia. When all too soon it became time to deliver, I realized th...
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Why monetary policy can't revive housingOct 29, 2010 11:00 pm - In past recessions, the housing and mortgage sector, stimulated by the lower interest rates generated by an easier monetary policy, was a source of strength that led the...
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Should seniors pay off the mortgage?Oct 22, 2010 11:00 pm - Seniors approaching retirement with a mortgage balance and financial assets are faced with the question of whether they should liquidate assets to pay off the mortgage. ...
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How to stem a rise in “strategic” mortgage defaultsOct 15, 2010 11:00 pm - A strategic default arises when a mortgage borrower who has the capacity to make the payments on his mortgage decides not to pay any longer because of negative equity t...
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Complex system too often leads to last-minute deal killersOct 07, 2010 11:00 pm - My mailbox today is stuffed with letters from borrowers encountering a problem that did not exist before 2007: They are being barred from the conventional (non-FHA) mark...
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A smart investment for you may be a cash-in refinanceOct 02, 2010 11:00 pm - Cash-in refinancing means putting cash into a transaction by paying down the balance, as opposed to cash-out refinancing where you take cash out by increasing the balanc...