Archive for August, 2011
Promoting Housing Recovery – Part III: Proposed Solutions For The Housing Market
This is the final part of a three-part, two-post series. Click here to read parts I and II, which focus on recognizing the fundamental economic problems, and fixing the underlying economic issues… Read more
Consumer Metrics Institute News: August 26, 2011 – BEA Lowers Second Quarter GDP Growth Rate to Below 1%
Contributed by the Consumer Metrics Institute. The Bureau of Economic Analysis’s (BEA) second estimate of second quarter 2011 U.S. Gross Domestic Product (GDP) was reported to be 0.98%, continuing… Read more
Promoting Housing Recovery: Parts I and II
Previously, I have posted articles regarding housing and foreclosure issues. The purpose was to begin a dialogue on the steps to be taken to alleviate the foreclosure crisis, and to promote housing… Read more
Your Secret De-Coder Ring for The New Appraisal Format!
After September 1st, your appraisals are going to look a bit different. Basically, the agencies have been warning us for the last year or so that they were creating a uniform set of… Read more
To Buy Or Rent – Factors For Students And Other Semi-Permanent Big-City Residents
As the parent of a college-aged offspring, you know the pressures of trying to find rooming situations, particularly in big cities like NY. Many of you may even have to travel great lengths just to… Read more
Resolving The Foreclosure Crisis
Previously, I posted an article which discussed stresses upon the housing market, current and future, and how the stresses were going to interplay with the housing recovery. Items were discussed in… Read more
What’s Happening in the Mortgage Rules World Lately?
There were a lot of updates over the last 30 days that will have a huge impact on your business and your loans. So let’s just set started with a couple of Dodd-Frank updates – I know, I… Read more
The Emperor’s New Clothes
Do you remember the Hans Christian Anderson Tale of the Emperor’s New Clothes? It is a tale of two crafty weavers who sell the Emperor a suit spun out of a material that is completely invisible to… Read more
Rates Way Down, Apps Way Up… That’s Good, Right?
Last week mortgage applications rose a whopping 21.7% from the previous week according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. Great news for the industry… Read more
One Humongous, Sweeping Piece of Legislation – just 9 days from now!
Wow, this is one humongous, sweeping piece of legislation—but if I were to rename it, I’d call it the “Mortgage Misrepresentation and Deceptive Practices Act”—because the 19 rules prohibit a… Read more
