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August 05, 2007 05:20 PM EDT --
Wall Street has spoken. They now say that stated income and no documentation loans are risky. And they want to get paid for that risk. Think of Wall Street as a life insurance . . .
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July 31, 2007 04:04 AM EDT --
Roberta Murphy, one of my favorite San Diego real estate webloggers, wrote an article calling for stricter underwriting guidelines on negative amortization loans. I essentially agree with her . . .
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July 31, 2007 04:02 AM EDT --
This award-winning post about ARMs brought me a ton of questions today.
Let's take a look at what Kelly Sibilsky, a RE/MAX Realtor in Lake Zurich, IL, said:
I got a 7 year ARM a few years . . .
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July 31, 2007 03:59 AM EDT --
I wrote an article about ARMs with a broken link about "tempering negative amortization".
That encouraged this question from Jim Little, a Realtor in Sun City, AZ:
More importantly, after . . .
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July 28, 2007 02:47 AM EDT --
Adjustable rate mortgages, ARMs for short, are the most misunderstood, misused, and maligned financial instrument. The have been abused by consumers, Realtors and loan originators alike these past . . .
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June 28, 2007 12:37 AM EDT --
Can the presence of termites screw up a loan for a home? You betcha they can.
Dian Hymer, an author on Inman News, writes this about termite clearances in her column :
In this era of consumer awareness, . . .
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June 26, 2007 01:01 AM EDT --
I think Realtors and Loan Originators will become highly specialized individuals in the next 5-10 years. The business will split off into 2 distinct personalities: Rainmakers and Dealmakers. . . .
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June 24, 2007 11:36 PM EDT --
Shopping for a mortgage? Good for you! Most originators in today's marketplace are order takers or paper processors and offer you little or no value. They operate as functionaries, and . . .
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June 24, 2007 11:28 PM EDT --
An historical post went up today; the announcement of Real Estate Weblogging 101. This is the first time an author has used the medium of a WordPress weblog to publish an active, living book.
Here is . . .
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June 24, 2007 11:26 PM EDT --
I often chuckle at people who call for national licensing of originators and higher standards for real estate licensees. The arguments always have these three themes:
1- Consumer Protection: . . .
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June 23, 2007 01:19 PM EDT --
Banks foreclose on homes with lots of equity and try to "workout" the loans with the homes with no equity.
Doesn't that seem counterintuitive? Actually, it doesn't if you . . .
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June 23, 2007 01:10 PM EDT --
Suze Orman once asked Ric Edelman to come down to her studio so that she could "smack his little face".
For those of you unaware of the philosophical differences, Suze Orman is a television . . .
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June 20, 2007 04:17 AM EDT --
I started my career as a Financial Advisor on Wall Street. At the young age of 25, I managed over $20 million in client assets. That was back when $20 million was really worth something, too. . . .
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June 20, 2007 04:15 AM EDT --
Well, it’s June and the kids are out of school and you’re looking for a new home. You ask Gena Riede to find you your dream home in the Elk Grove Unified School District. You’re extremely . . .
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June 19, 2007 10:21 AM EDT --
One of the most controversial writers in the past ten years has been Robert Kiyosaki, the author of Rich Dad, Poor Dad. Mr. Kiyosaki tells us what we all want to know; how are rich people different from . . .
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June 19, 2007 10:15 AM EDT --
How often have you been involved in a real estate transaction and decided to put down a large down payment just to "get the deal done"? After all, you're a good risk and expect to get . . .
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