In observance of Memorial Day I would like to take a moment to thank the people that I know personally that serve our country. Please, if you see a person in uniform today (or any day for that matter) thank them for what they do for us. Whether you agree or disagree with the policies [...]
Please, don’t shop for the lowest rate.
If you want to save yourself thousands of dollars please take the oath with me right now “I will not shop for the lowest interest rate.” What you say! I must be just another mortgage broker who thinks you’re stupid. Or am I? Those of [...]
The fellas from Point2 did a spoof on the 60 Minutes piece targeting real estate agent commissions and highlighting Redfin. The video, below, shows why real estate agents and their adjunct service industries are not in and should not be in comedy. Comedy is hard, spoofs are harder – its too easy to be not [...]
In an excellent article today on safehaven.com John Mauldin writes about the US mortgage market including how we ran into the subprime problem because of global liquidity and the dubious tactics used to designate subprime mortgage bonds as investment grade. He also talks about the housing market and what home sales data mean for the [...]
Blown Mortgage’s podcast interviews are now available via RSS feed in the left column, the second link down. You’ll be able to receive all of the Blown Mortgage podcast interviews straight to your favorite feed reader.
Blown Mortgage interviews the leaders of the online real estate and mortgage space and has more interviews on the [...]
I’m taking the family to the zoo today – get out and show the little man the animal kingdom. I’ll be sure to take him by and show him what mortgage brokers monkeys look like.
Happy Memorial Day!
Calculated Risk has some exceptional insight in to the housing numbers. The National Association of Realtors reported today that existing inventory of homes available is at an all-time record level. The NAR blames tighter lending guidelines as the primary culprit.
The current inventory of 4.2 million units is an all time record. The
"months of sales" metric [...]
Matt at the OC Register has a new post about how banks account for loans that they hold on their books that are obviously worth less than their face value (through default, lack of investor purchase interest, etc.). He questions whether banks have adequately disclosed the deterioration in the value of their holdings from [...]
Well, everyone is clamoring to get their word in about what the April housing numbers mean or don’t mean. In cases like this I like to refer you out to the person or people I think best articulate my point of view without reconstructing an argument that has already been made. This time I believe [...]
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