Tag Archives: mortgage lending

Why Are So Many People Trying To Sell Me ‘Refinance’ Domains?

Over the past three months, I’ve received more than a dozen emails trying to sell me various “refinance” domain names. What’s going on here? Along with the decrease in my advertising earnings on this site, I surmise that there’s less … Continue reading

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Mortgage Lenders Avoid Risk

As a reaction to the profligate and reckless lending of the housing boom, since 2007 mortgage lending has been much more discriminate. “Discriminate” is a bad word to many people but I think it is a good word. I have … Continue reading

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Can The Federal Reserve Push Banks To Lend?

Mortgage lending has declined sharply in 2011. Mortgage lending will remain low as long there is little appetite among investors to buy mortgage-backed securities. That market is still a whimper of its former self (prior to the crash of 2008). … Continue reading

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Home Sales Drop 3.5% From June

Home sales are up 21% from last year but last year’s number was artificially low. Buyers are less likely to buy a home right now because consumer confidence is weak. Buying a home is a major purchase and without confidence … Continue reading

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Mortgage Fraud Rampant

Why is there so much mortgage fraud going on? Because the rewards are high while the risks of getting caught are low. We don’t know the total cost of such mortgage frauds, but they run to at least $10 billion … Continue reading

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Mortgage Lending Hits Lowest Level Since 1997

Mortgage lending is expected to decline further in 2012. And as for home prices? They are currently at 2003 levels. There are many factors that account for the decline in mortgage lending. First, people without jobs can’t generally buy homes. … Continue reading

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Forcing Banks To Keep A Skin In The Game Of Mortgage Lending

One of the causes of the last recession and housing crash that everyone agrees on is that many originators of mortgage loans had little incentive to see that such loans were repaid because they quickly sold such mortgages. They were … Continue reading

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New Regulations Mean Most Folks Will Have A Harder Time Getting A Mortgage

Under Bill Clinton, standards for mortgage lending were dramatically cut to get more African-Americans into owning their own homes. The housing crash is a testimony to the wrongness of these decisions to slash standards. Now we have new regulation on … Continue reading

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Mortgage Brokers Unhappy With Mortgage Loan Reforms

Mortgage brokers got much of the bad press for our housing downturn. They were accused of selling mortgage loans to people with poor prospects of repayment. Mortgage brokers don’t have a skin in the game of mortgage lending. They get … Continue reading

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What Are The Best Mortgage Lending Sites?

“Mortgage” is a highly competitive search term. Thousands of people are searching it every day but there is immense competition to provide information to this highly competitive and lucractive niche. Three years ago when I started this blog, “refinance” was … Continue reading

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