I will be a guest on the #Siriusxm #Wharton radio channel’s Real Estate Hour today at 4PM eastern. We will talking QM implications and other items that can change the real estate market. https://www.siriusxm.com/businessradio
Here I am on CNBC talking about the housing market and the answer to that question!
I was happy to be on the mortgage podcast, Lykken on Lending with my friend David Lykken and the Leader of StopFEMANow, George Kasimos today. George had some great facts that will show how the issue of flood insurance premiums have skyrocketed for no reason and that the politicians need to be pressured to right … Continue reading Flood Insurance Interview on Lykken on Lending
How dumb do you think we are. Real estate agents now have what are called pocket listings. It’s when they have a home for sale that is not in the multiple listing system (MLS), even though they signed the MLS agreement to share. So how do buyers find out about them? They are usually the … Continue reading Stone Age Douchebags
Our friends at #FEMA are not the best at mathematics or costs analysis. Having played ice hockey with Wharton MBA students and professors for years, I can come to the conclusion that you should not spend $1,470,000 for a home worth $183,000. Gee, am I smart! One Biloxi, MS property valued at $183,000 flooded 15 … Continue reading Flood You!
After reading this article and years of thought, discussions with other professionals and my push for consumer fairness, I am considering finding one of my clients that was locked out of a pocket listing to sue. I’ll put it out here so you will know: agents have secret listings that are not shared with other agents … Continue reading It’s Lawyer TIme for Secret Agents
Mortgage lenders around the country seeing a crisis coming are starting to be more accommodating to borrowers that need to close. For Fannie Mae/Freddie Mac conventional loans and FHA mortgages, borrowers who are not self employed and/or own multiple properties can close on agency products without reverifying their income tax returns with the Internal Revenue … Continue reading Mortgage Lenders Taking Risks, Closing Go Forward with no 4506
Yes, fraud fans, this is your time to shine!