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Humble Pie Tastes Awful

  Recently, a friend of mine sent me a link to a story with a note that read, “This will make you laugh.” My friend hasn’t been wrong before, so I clicked on the link and gave it a read. I’ll recreate it here and let you decide if my friend chose well. The author […]

Herding Cats: Notes From an LO

  Someone much wiser than I once told me that there are always three sides to a story: Party A’s side, Party B’s side, and the truth. In the mortgage/real estate world, that’s especially poignant. On a recent transaction, the real estate agent representing the sellers was eager to get the appraisal ordered –we had a […]

Home Ownership – It’s in Our American DNA

  Each week, I’ve tried to take both simple and complex mortgage-related topics/issues and put them into terms here in this newsletter that make them more easily understood.  Since I’ve been doing that for quite a while, I have to be honest and admit this: I’ve come up dry this week on what to talk […]

Run, Don’t Walk!

  Full disclosure: this is a reprint from a few years back – I’ve updated the numbers to reflect the conditions occurring in the market today. The New York Federal Reserve’s economists conducted a study and published the results: changes in down payment requirements have MORE influence over homebuyers’ willingness to buy than changes in […]

1981: the Past Shows Us a Good Present

  For those of us who are complete nerds and sat on the edge of our seats to see if The Fed would decide to raise the overnight lending rate again in their most recent meeting, we were both let down and excited –no change, of course.  For those of us who aren’t quite so […]