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Recent Posts
The Benefits of Option ARMS
If you’ve read our last article, Examining the Option ARM and its Bad Press, you should have a basic understanding of how Option ARM mortgages function and an idea of why they’ve been receiving so much bad press lately. Perhaps the main r...
Examining the Option ARM Mortgage and Its Bad Press
If you’ve been following the news at all lately you’ve no doubt heard about the poor state of the real estate and mortgage markets these days. Even though the press tends to exaggerate, both markets are in tough shape right now. Much of w...
HR3915, Mortgage Reform and Anti-Predatory Lending Act of 2007, Passes House 291-127
Late yesterday, 11/16/2007, the House passed HR3915, the Anti-Predatory Lending Act of 2007, in a vote of 291-127. You can read a bit about one of the provisions of this bill, which seeks to outlaw YSP, or Yield Spread Premium, in this article on the...
Full Doc, Stated Doc, and All The Other Mortgage Doc Types
You may have heard the term "Full Doc Loan" before, in this article we examine the different mortgage income and asset documentation types and their specific requirements....
What Is Yield Spread Premium and What’s Wrong With It, If Anything?
Recent News On HR3915 To Outlaw YSP, Among Other Things If you follow the mortgage or real estate markets at all you’ve probably heard about HR3915, the new proposition to, among other things, outlaw Yield Spread Premium (YSP) in mortgage trans...
Lead Brokers - How Mortgage Companies Generate Business
You may have never thought twice about how mortgage companies generate business; I sure didn’t until I got into the business. What I learned was definitely not what I expected; what I expected was pretty simple, I always thought companies, incl...
