Jack Guttentag
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There's a better way to insure home loansJul 05, 2008 11:00 pm - Editor's note: This is the third column in a five-part series. Last week, I described a new type of mortgage insurance called mortgage payment insurance, or MPI. MP...
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New insurance would cut loan costs for borrowers, insurersJun 28, 2008 11:00 pm - Editor's note: This is the second column in a five-part series that began last Sunday. The first article in this series pointed to a serious weakness in the way the...
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Needless foreclosures happen too oftenJun 13, 2008 11:00 pm - John X had his home foreclosed this year. It cost the investor who held the mortgage about $40,000 to foreclose. It would have cost only $25,000 to make the mortgage aff...
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There are ways to tell if your mortgage broker is a good oneMay 24, 2008 11:00 pm - In the last 10 years, I have written almost 50 articles on different mortgage broker topics, but none of them addressed the most basic topic of all: "What makes a good b...
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Common for home sellers to pay all or part of a buyer's settlement costApr 26, 2008 11:00 pm - Q. The market is not doing well here and we agreed to pay up to $8,000 of the buyer's closing costs. Is there anything I can do to keep the amount as far below $8,00...
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New mortgage brokerage with serious lookApr 12, 2008 11:00 pm - I have been spending time recently kicking the tires of a new Web site, www.mortgagegrader.com, which has excellent credentials. It has been developed by Jeff Lazerson, ...
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Proposals to curb servicing abuses a good startApr 05, 2008 11:00 pm - Last of three parts Two previous articles examined the Federal Reserve Board's proposals for tightening underwriting requirements and for limiting broker charges to...
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Suggestion in solving broker abuse of borrowersMar 29, 2008 11:00 pm - Second of three parts Last week, I criticized the Federal Reserve Board's proposed rule to prohibit lenders from making loans that were not affordable, and to requi...
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Dissecting reforms proposed for mortgage marketMar 22, 2008 11:00 pm - First of three parts On Dec. 18 of last year, the Federal Reserve Board released its long-awaited proposals for curbing abuses in the home mortgage market. In this ...
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Defining simple and compound interestMar 15, 2008 11:00 pm - Q. I am perplexed at what appears to be a nomenclature problem that the mortgage industry has created with its definition of simple-interest mortgage. Aren't most mo...