Lots of sensational press around the temporary foreclosure moratorium thats being implemented by some, soon to be all banks across the country. Some people are crying fraud while others are pressing random panic buttons calling for someones head…yet most really don’t know why.
I guess it just sounds like the right thing to do since banks [...]
Much speculation regarding the Future of Housing Finance and the overall housing market around the news lately. I penned a couple articles for HousingWatch (here and here) on the conference of the same name that took place at The Treasury last month, they’re good prerequisites to whats written below.
While there were many threads of thought that [...]
Risk Based Pricing How Mortgage Rates are Determined. Credit Scores and History
The following material isn’t all that easy to follow, there are many moving parts. It’s the equivalent of college level mortgage economics, I’ll try to be a succinct as possible.
First, IT IS VITAL that you understand exactly what your credit scores are and why, [...]
There’s been a storm of activity in and around Zillows mortgage community (ZMC) since they launched a mere 72 hours ago. Based on David Gibbons’ claim that Zillow has received over 4500 ‘leads’ in their first 48 hours, consumer interest is definitely there. Reading Zillows blog, they’ve done their research and are delivering what the [...]
Zillow formally launched their mortgage community today. David Gibbons was kind enough to give me the grand tour yesterday…my general opinion is that this is a big step in the right direction for a broken mortgage industry.
Stating the obvious…what Zillow has created is a community for mortgage professionals (Mo-Pro), a community that requires said participating [...]