Jack Guttentag
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Undoing Dodd-Frank: Are smaller lenders more cautious?May 05, 2018 7:00 am - Dodd-Frank was a Congressional overreaction to the financial crisis of 2008 an '09, and a process of amelioration is underway. Under the proposed Economic Growth, Regula...
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Recent questions in my mailbox about mortgage shoppingApr 28, 2018 6:00 am - Q. How many price quotes should I get in refinancing my mortgage? A. As many valid quotes as possible. Two or three valid ones help, 10 phony ones are worthless, or wors...
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How much can you lose if you don't find the best HECM deal?Apr 07, 2018 6:00 am - The best deal on a mortgage is usually defined in terms of the interest rate and origination fee charged the borrower. That was my approach in a previous article on the ...
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Do mortgage lenders still discriminate against minorities?Mar 31, 2018 6:00 am - A recent editorial in The New York Times, citing a study by the Center for Investigative Reporting (Reveal), suggests that mortgage lenders still discriminate - that the...
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Rate locks sometimes unlock: here are some tips on protecting yourselfMar 24, 2018 6:00 am - A rate lock is a commitment by a mortgage lender to lend a stated amount to a specified borrower posting a specified property as collateral, at a stipulated interest rat...
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Will blockchains upend the home mortgage market?Mar 17, 2018 7:00 am - Will blockchains upend the home mortgage market? The answer to that question is “yes,” because blockchains will reduce the costs and risks of originating mortgages, serv...
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Should this reverse mortgage borrower modify or refinance?Mar 10, 2018 5:00 am - Jane took out a HECM reverse mortgage on her house five years ago when she became 62. Because she was still employed at the time, she elected to take a credit line, whic...
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More on creating a competitive home mortgage marketMar 03, 2018 5:00 am - "Shifting control of appraisals to borrowers, and requiring lenders to purchase and pay for any insurance that protects lenders, would help borrowers but these changes w...
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How to make the home-loan market work better for buyersFeb 24, 2018 5:00 am - A major piece of unfinished business from the financial crisis is what to do with Fannie Mae and Freddie Mac, which have been in a government conservatorship since 2008....
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Buying a house before selling the house in which you liveFeb 17, 2018 5:00 am - A homeowner who wants to exchange the house in which she lives for another one that better meets her current needs and capacities can save herself much grief and expense...