Archive for the ‘Transparency’ Category
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 ...
Posted in HUD, Housing Options, Mortgage Costs, RateWindow, Transparency | 1 Comment »
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 ...
Posted in Housing Options, Mortgage Costs, RateWindow, Transparency | 5 Comments »
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 ...
Posted in Housing Options, Mortgage Laws, Regulation Z, Transparency | 1 Comment »
Friday, June 20th, 2008
Federal Reserve Chairman Ben Bernanke has been in the news again recently warning investors about inflation fears and stirring talk that interest rates will start to climb later this year. But according to a recent Investor's Business Daily article, some economists aren't predicting a rate hike until 2009.
As those of ...
Posted in Housing Options, RateWindow, Real Estate, Transparency | No Comments »
Monday, May 19th, 2008
At one time, home equity lines of credit, or "HELOCs" were touted by the mortgage industry as the best way to have quick access to cash. It was like having a credit card-you could use your credit line, pay it down, then use it again. And all of the advertising ...
Posted in Foreclosure, Housing Options, Transparency | 1 Comment »
Wednesday, April 30th, 2008
Always one to stay abreast of current legislative matters, I wandered on to the GovTrack.us website, which touts the idea that "Trasparency in government is key for a healthy representative democracy." Hmm. Transparency. That sounds familiar.
Anyway, I decided to search out bills inroduced by the House and Senate about mortgage. ...
Posted in Mortgage Laws, RateWindow, Transparency | No Comments »
Wednesday, February 13th, 2008
The Board of Governors of the Federal Reserve System Board propose to increase rate transparency to consumers by restricting creditor payments to mortgage brokers, in the form of yield spread premium, to an amount that is previously disclosed and agreed upon by the consumer. In layman's terms, yield spread premium ...
Posted in Mortgage Costs, Mortgage Laws, RateWindow, Regulation Z, Transparency | No Comments »
Tuesday, November 27th, 2007
As CEO of FireDream and RealEspace I am pleased to announce the coming of a paradigm shift in how consumers will purchase mortgages. We will unveil the first front-facing pricing engine available for public consumption. Consumers will be the real winners, as they should have been from the beginning! ...
Posted in Housing Options, RateWindow, Transparency | No Comments »
Thursday, October 18th, 2007
How would you like to see the REAL cost of a mortgage? Now you can!
To give a simple example: Let's say you go to Walmart to buy a gallon of milk. The price tag would show you how much Walmart paid for the milk. $3.50. When you get to the ...
Posted in Mortgage Costs, RateWindow, Transparency | 3 Comments »
