home loan regulation

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The $500 Home Down Payment is BACK!

Wow! This was quite the week for Home Lending in California First the good news:  CalHFA (the California Housing Finance Agency) announced today that they are eliminating their requirement that borrowers need a 1% cash investment into the transaction – and the requirement that it be from the borrower’s own funds. What this means is [...]

My Final Analysis

Will this ever happen again? Despite what you hear on the news or what our politicians are saying, reality is this is never going to happen again regardless of whether the government does anything or not. People tend to remember really big mistakes.

By | September 7th, 2010|What the Hell Happened?|0 Comments

The Role of the Mortgage Broker

At the end of the day all the brokers did was match-up the borrower with the loan product they wanted. During that time borrowers didn't care about the loans they got, investors didn't care if the loan file was a complete work of fiction, and rating companies just cashed the checks. Everybody got what they wanted, but nobody understood what they got.

By | May 26th, 2010|What the Hell Happened?|0 Comments