The lack of construction right now could be in part due to the need for the employment rate to go up – and whether or not the growing workforce will move at the same pace of needed construction.
Tag: Loan
Posted inHome Mortgages, Thought Leader
Housing Takes the Lead in Economic Recovery
Housing is leading the way in the economic recovery because of the ripple effect it’s creating for corporations. The Wall Street Journal reported the phenomenon and explained how many corporations have reported increased sales and earnings as an effect of the housing market picking back up. “While the incoming data continue to be mixed, evidence […]
Posted inHome Mortgages, Thought Leader
MLOs Will Become More Professional in 2013
If you want someone to renovate your house, you don’t just hire a neighborhood kid with a decent set of tools. You get references from your neighbors and hire a professional who is experienced at home renovation. So why should applying for a mortgage be any different? As we’ve written in a past Thought Leadership […]
Posted inHome Mortgages, Thought Leader
Boomerang Buyers Ready to Enter the Market Again
Everyone loves a comeback story. A recent article in the Wall Street Journal reported on buyers that are making a comeback – “boomerang buyers.” These buyers aren’t new to the market but they are experiencing home buying differently the second time around – with a foreclosure in their past. While it seems like just yesterday […]
Posted inHome Mortgages, Thought Leader, Thought Leadership
Avoid Being a Victim of Mortgage Fraud
Just this week a federal judge sentenced a former Auburn attorney to nearly four years in prison for mortgage fraud. James Boyd Douglas Jr. handled mortgage refinancings and real estate closings and was found guilty of embezzling $2.3 million from clients. An Atlanta area woman and her brother ran a real estate scam in Baldwin County […]
Posted inHome Mortgages, Thought Leader, Thought Leadership
Consumer Will Benefit From Simpler Mortgage Disclosure Form
For more than 35 years, two federal laws (the Truth in Lending Act or “TILA,” and the Real Estate Settlement Procedures Act or “RESPA”) have required lenders and settlement agents to give consumers who take out a mortgage loan separate but overlapping disclosure forms regarding the loan’s terms and costs. This duplication has long been […]
Posted inHome Mortgages, Thought Leader, Thought Leadership
Basel III To Change Mortgage Landscape
The mortgage industry has undergone many significant changes as a result of the financial crisis. One of the less known pending changes is about to take its final form and in its current draft Basel III will increase consumer costs and reduce consumers’ choice of mortgage providers. Basel III requires that a bank must maintain common […]
Posted inHome Mortgages, Thought Leader
Thirty Days is Long Enough for Mortgage Closing
For as long as I can remember – and I expect much longer than that – contracts for the purchase of residential real estate in Georgia have been written for 30 days as a normal practice. Today, we are seeing many real estate professionals writing extended contracts, for 45 to 60 days, and even longer […]
Posted inHome Mortgages, Thought Leader
Finding the Right Lender
A homeowner in Florida was puzzled to receive a condolence letter for his wife’s death from his mortgage lender. Why were they sorry for his loss? His wife was very much alive. But because their lender declared her deceased, they were unable to get a loan modification and despite repeated phone calls and a visit […]
Posted inHome Mortgages, Thought Leader
Tips for Applying for a Mortgage
While most of us have never had the unpleasant experience of sitting in a police interrogation room, fans of crime TV shows like me will recognize this scenario. “I’ve already told you what I witnessed on the night of October 22, 2011 seven times,” says the frustrated and exhausted witness. “Well, it’s time to tell […]
