Archive for the ‘Housing Options’ Category

Some Tips if You’re Thinking About Buying the Family Homestead

Friday, August 22nd, 2008

Do you ever miss the feeling you get when you go to your parents' house?  Somehow those weird ceramic owls that your mom made in the 1970s and those awesome stickers that you used to decorate your dresser all worked in creating that comfort that you only can get when ...

Texas-The Housing Mecca of the Nation?

Tuesday, August 12th, 2008

Forbes recently reported what a lot of us Texans already know: that the Lone Star State is a great place to live.  In fact, out of the 40 major metropolitan areas surveyed, four out of the top ten cities in which to buy a home were in our great state. Noting ...

The Buzz From Real Estate Agents on the Housing Market

Thursday, July 31st, 2008

I recently had the opportunity to attend Real Estate Connect, a conference that gives real estate, technology and other professionals a place to come together and talk about issues in our industry.  During the conference, I had the chance to talk with realtors from around the U.S. and Canada, and ...

Fannie and Freddie, Government Meddling, and the Celebrity Status of the Mortgage Industry

Tuesday, July 29th, 2008

Fannie and Freddie.  You've probably heard their names so often lately that some might think that they're the newest celebrity twins and are expecting to see their pictures on the cover of US Magazine.  Too bad that's not the case. A recent Reuters article gave a great explanation about Fannie and ...

Transparency and Homeowner Responsibility Can Change the Mortgage Business

Thursday, July 24th, 2008

"You looked hard to find the right house.  You negotiated the right price and shopped around for the best mortgage rate.  But you're not done shopping yet." So begins the article by Washington Post reporter Renae Merle, recently republished in the Chicago Tribune.  Noting that a study conducted by HUD early ...

Transparency in the Mortgage Industry: What a Novel Idea

Tuesday, July 22nd, 2008

After all these years in the mortgage industry, you'd think that I'd get tired of reading stories about our business and all of the changes in it.  But I have to admit that the advent of the internet and all of its easily-accessible information made my mortgage news addiction even ...

The Fed is Finally Working Towards Transparency in Mortgages

Thursday, July 17th, 2008

On Monday, Fed Chairman "Big Ben" Bernanke announced that the Board had approved a final rule to amend Regulation Z (Truth in Lending).  In a prepared statement, Bernanke announced that the changes are "intended to protect consumers from unfair or deceptive acts and practices in mortgage lending, while keeping credit ...

High Gas Prices and Their Silver Lining in Real Estate

Thursday, July 17th, 2008

Do high gas prices have a silver lining for folks selling their homes? They certainly can, according to a recent AP article in MSNBC's online real estate section.  Homes in urban centers and those located near commuter options such as subways and light rail systems are seeing more traffic (pardon the ...

The Internet: A Powerful Tool in the Real Estate Industry

Thursday, July 10th, 2008

Some studies are showing that as many as 80 percent of potential homebuyers begin their search for a new property online.  In one recent survey, 500 men and women were interviewed in order to see what role gender played in the process. I was interested to learn that almost half of the ...

Who Should We Blame for the Mortgage Industry’s Problems?

Friday, June 27th, 2008

Don't you think it's fascinating that some members of Congress are doing their darndest to drag down the mortgage industry-when in fact, they may have benefited from some of the "wrongdoing"? Senator Dodd (D-Connecticut) is the chairman of the Senate Banking Committee, and has been at the forefront of those calling ...