Archive for the Housing Crisis Category

It’s time for a ban on all third party short sale negotiators.

Jillayne Schlicke on 09 30, 2011 | 63 Comments

Not a day goes by that I do not hear a story from a Realtor, loan originator or consumer about a questionable if downright bad experience with a third party short sale negotiator. We’ve reached a p

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Tight Credit? Financed “closing costs”?

ARDELL on 08 25, 2011 | 5 Comments

If you ask me, lenders are still not tight enough! I'm OK with closing costs being financed aka paid for by the seller. But ONLY IF you define TRUE closing COSTS vs "prepaids" PLUS closing costs.

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Loan Originators Who Argue That Predatory Lending was Bad Should Welcome the New FRB Rule on LO Compensation Prohibitions

Jillayne Schlicke on 03 30, 2011 | 80 Comments

Under the final Federal Reserve Board's loan originator (LO) compensation rule, effective April 1, 2011, an LO may not receive compensation based on the interest rate or loan terms. This will prevent

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Well, at least our market isn’t on the verge of collapsing…

Craig on 01 24, 2011 | 24 Comments

On this gray, dreary January Monday -- where the weather isn't even cold enough for snow in the mountains, at least not those elevations reachable by chair lift -- I thought I'd pass along this "glass

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