All posts by Colin Robertson

Stated Income Loans Becoming Increasingly Difficult

April 11, 2007 No Comments »

Looks like the part is coming to an end; stated income loans, which dominated the mortgage market throughout the housing boom, are now being examined much more closely by underwriters amid the current mortgage crisis. Stated income, also known as ... Read More »

Fixed Mortgage Rates Pricing Lower than ARMs

April 10, 2007 No Comments »

When applying for a mortgage, be sure to look at all the available loan programs and their corresponding mortgage rates. Typically, fixed-rate mortgages come at a premium to adjustable-rate mortgages because of their perceived stability, but nowadays many investors are ... Read More »

What Not to Buy: Mortgage Stocks

March 10, 2007 No Comments »

A month after Wall Street battered subprime mortgage companies and the sector as a whole, some investors are beginning at look for bargains at the beleaguered companies who have managed to stay afloat. But the problems we’re seeing are merely ... Read More »

A List of Mortgage Closures, Mergers and Layoffs

A List of Mortgage Closures, Mergers and Layoffs
February 21, 2007 34 Comments »

I first created this list in February 2007, back when scores of mortgage companies were consolidating, laying off employees, sending out scary warnings, and going out of business. Around that time, some 2.33% of all U.S. mortgages were delinquent, a ... Read More »

Playing the Interest Rate Buydown Game

February 11, 2007 No Comments »

When seeking financing, homeowners often get fixated on a specific mortgage rate, usually something like 5.99% or a similar emotional threshold. But buying down interest rates is more complicated than just an attractive rate or a specific number. Homeowners really ... Read More »

Buy a House for Less than Your New Hybrid

January 18, 2007 No Comments »

As the mortgage industry shudders, and real estate goes cold, lenders continue to release exotic mortgage programs to further entice borrowers to purchase homes and refinance existing loans. The latest mortgage program of interest (no pun intended) comes in the ... Read More »

Hello Option Arm Lawsuits

January 15, 2007 No Comments »

You guessed it. The option arm that was so highly publicized and criticized has become a favorite for lawyers nationwide. Instead of condemning the program, lawyers are now trying to seek compensation for “damages” as a result of these misleading ... Read More »

Rent Before Applying for a Mortgage

Rent Before Applying for a Mortgage
January 15, 2007 No Comments »

While it’s common for young, prospective homeowners to stay at home to save money for their down payment and future mortgage payments, banks and lenders consistently decline applicants without adequate rental history. Though it makes perfect sense to live at ... Read More »

Lenders Limiting Exotic Mortgage Programs

January 9, 2007 No Comments »

No more than a year ago, banks and mortgage lenders throughout the United States were battling one another to provide the most generous financing available, whether it came in the form of a super low payment on a negative amortization ... Read More »