All posts by Colin Robertson
What is a Lender Credit?
Mortgage Q&A: “What is a lender credit?” Back before the mortgage crisis reared its ugly head, it was quite common for loan officers and mortgage brokers to get paid twice for originating a single loan. They could charge the borrower ... Read More »
Star Financial Debt Free in 10 Mortgage Review
Every once in a while I take a look at certain mortgage products I see advertised to determine if they make any sense for homeowners. Today we’ll take a look at Star Financial’s “Debt Free in 10 Mortgage,” which put ... Read More »
Do I Qualify for the National Mortgage Settlement?
In case you haven’t heard by now, the so-called “National Mortgage Settlement” was finalized today. It’s the largest multi-state settlement since the Tobacco Settlement back in 1998, related to robosigning allegations that took place over the past several years. Essentially, ... Read More »
Bank of America Has a Waiting List to Refinance
If you’re interested in refinancing your mortgage with Bank of America, you may be in for a big surprise. Per Bloomberg, the mega bank has been unable to keep up with demand, thanks in part to HARP Phase II, which ... Read More »
20-Year vs. 30-Year Mortgages
It’s time for the first mortgage match-up of 2012. And because paying down the mortgage early seems to be so en vogue these days, let’s take a look at “20-year mortgages vs. 30-year mortgages.” The most common type of mortgage ... Read More »
Obama’s Broad Based Refinancing Plan
It took a few weeks, but we’ve finally got concrete details regarding the Obama Administration’s so-called “Broad Based Refinancing Plan.” First off, homeowners with Fannie Mae and Freddie Mac-backed mortgages who are unable to refinance to take advantage of the ... Read More »
Choose Your Own Term Mortgages
It’s silly mortgage product Friday! So I was driving out in Los Angeles today, listening to ESPN radio or some other sports station, when a mortgage ad came on the air. It was for “Crestline Funding’s MyFi,” which allows mortgagors ... Read More »
2011 Mortgage Lending Volume Lowest In Over a Decade
You may have thought that mortgage lenders were raking it in, what with the record low mortgage rates currently on offer. But 2011 was actually the slowest 365 days in mortgage lending since the year 2000, according to figures released ... Read More »
Obama’s State of the Union Reveals Little About Mortgage Plan
So amid all the endless clapping and standing ovations, Obama did manage to get a few words out about the prospective mass mortgage refinancing plan during his State of the Union address last night. While it wasn’t a lot, it ... Read More »
