Sometimes it feels like our leaders pay more attention to how legislation will play in the media than how it will play in real life. If I understand it correctly, the mortgage rescue bill that passed in the House has a couple of provisions that I find a little disturbing.
First, in order to qualify for an FHA refinance […]

[Read more →]

We should be very grateful that the Fed officials don’t have to worry about re-election and pandering to the uninformed. Instead of running around characterizing lenders as evil just to suck up to voters, the Fed actually did a little homework. And in its study the fed discovered that, gawrsh, consumers actually don’t give a […]

[Read more →]

Hello loan pros,
I have been researching solutions for divorcing couples who are underwater on their mortgages and need to get one party off the loan obligation. Unless they are destitute or behind on their payments it seems like no lender in its right mind will restructure the loan, approve a short sale, or let one […]

[Read more →]

A Time article entitled Fed to Curb Shady Home-Lending Practices claims that the Fed seeks to ”bar lenders from making loans without proof of a borrower’s income.” Is this really necessary? Fed economist William Emmons concluded in a recent study that intervention makes housing market conditions more volatile and artificially keeps the market from correcting itself. Self-correction […]

[Read more →]

Hi all,
My company needs bloggers who can post regularly and are good with deadlines. We need an appraisor, a real estate agent, and a home inspector to create weekly posts as well as commenting. Bloggers are paid by the word. Interested parties can contact me at glp@faster-than-you.com for more info.
Thanks and Happy Cowbells, oops, I mean Happy […]

[Read more →]

When it comes to mortgage news, the media have been pretty sheeplike, mindlessly bestowing blame on the scapegoat-of-the-week, spewing anecdotes so they don’t have to do any actual journalism or perform legitimate research (yes, with data and everything. Sheesh). I resent this largely unbalanced view because it seems the result of laziness or the desire to […]

[Read more →]

Mortgage journalism has gone mainstream. Which means disinformation is being even more widely disseminated than before. A new article in Glamour Magazine warns that even smart women can get into trouble with mortgages and extols the safety and simplicity of renting — we souldn’t worry our pretty little heads about home loans, apparently. Even those […]

[Read more →]