Risk Based Pricing How Mortgage Rates are Determined Loan Amount and Loan to Value
Continuing on down the road of how mortgage rates and their underlying price are determined considering common Risk Based Pricing (RBP) factors, our next stop is the Loan Amount and the directly related Loan to Value (LTV).
Loan Amounts, or the actual dollar [...]
Transparency in the mortgage industry has become a hotly debated topic over the past 18 months. With major corrections in the marketplace, declining home values, volatility in mortgage securities, and a white hot media focus on the viability of mortgage professionals in general, we are primed for the paradigm shift towards the type of market [...]
Yield Spread Premium: A consumer option to finance some or all of closing costs by accepting a higher interest rate than they otherwise qualify for.
There has been much debate about Yield Spread Premiums (YSP’s), from overall required disclosure policies to their potential abolition. All mortgage professionals have a personal opinion on the topic, some resort [...]
New Marketing Strategies Via Social Networking Channels for Real Estate and The Big Push for Compensation Reform.
‘We are the fossils, the relics of our time, we mutilate the meanings till they’re easy to deny…be ashamed of the mess you’ve made.’
- William Corgan
I hear many mortgage and real estate professionals within the industry still spouting off [...]