Year: 2015

Mortgage Triage!

November 7, 2015 By Diane Gerdes

Keep Your Business Healthy

One month into TRID and we are still here, maybe not joyful, but still here.

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The Loan Estimate or LE is to be provided by the lender to the borrower within three business days after application. Lenders have always been required to document fees, interest rate, type of loan, annual percentage rate (APR) after application within the magical three days.

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When a Dragon Crashes

August 28, 2015 By Diane Gerdes

The soaring economy of China may be crashing, and if it does, it will become a global problem. For years the Chinese economy grew like Dwayne Johnson on steroids. Although the social media connected China to the modern world, their government manages to keep many things, including economic procedures, walled off.

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Millennials, China and Cocaine, Oh My

August 17, 2015August 17, 2015 By Diane Gerdes

One Third of the U.S. population is segmented by millennials, that’s almost 100 million potential home buyers. (Those born after 2005 are called the Homeland Generation. Geez, will they be nicknamed the land homies?)

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Points to Ponder This Summer

June 12, 2015 By Diane Gerdes

Another year is at the half way point. Soon Christmas decorations will be adorning our stores.

The following are four points to ponder for the summer of 2015.

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How About Those Interest Rates

May 7, 2015 By Diane Gerdes

How about those interest rates? The Fed has not raised interest rates since 2006. The soothsayers predicted the rates would begin the march upward this year because they know things that we simple people cannot understand, like the soon-to-be robust economy. Except,

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Party like it’s August…2015

April 1, 2015 By Diane Gerdes

The last time major changes were implemented per the Dodd/Frank Act, the real estate world was anointed with appraisal management companies and the “new” Good Faith Estimate. Today, although it is better than it was in 2012, we are still not sure where appraisal management companies hire their appraisers… trolling the intersection of Interstate 10 and 7th Ave?

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Why Can’t I Get The Published Rates

February 27, 2015 By Eric McAllister

Wish you had taken better care of your credit? Shopping for an interest rate will make your head ache if your credit has dings.

In today’s lending landscape Fannie Mae and Freddie Mac are the primary purchasers of conventional mortgages. Even if your accountant is Mr. Creative…

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WHAT I’VE LEARNED SO FAR IN 2015

January 23, 2015 By Eric McAllister

What I’ve learned in 2015 (and it’s only January):
1. The new FHA mortgage insurance reduction may or may not help the housing market. What would REALLY help the housing market is to raise the FHA loan limit back to $346,250 ($417,000 would be even better)…

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