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‘Measure twice, cut once’ is used so often, it’s cliché. But that doesn’t mean it’s not practical advice. In the mortgage industry, measuring twice means checking and rechecking the information and background in mortgage applications. Knowing before owing is key to a healthy deal that will benefit both parties. One tool that is an excellent…

Looking for a new home, especially your first home, is an exciting time. But don’t let the excitement take your eyes off the task at hand: buying a solid house that is a wise investment. After all, this ‘house’ you are looking at might very well end up being your ‘home’! When you are shopping,…

Looking for a new home, especially your first home, is an exciting time. But don’t let the excitement take your eyes off the task at hand: buying a solid house that is a wise investment. After all, this ‘house’ you are looking at might very well end up being your ‘home’! When you are shopping,…

The Supreme Court recently heard arguments in a case challenging the wording and intent of rescission. Rescission is the voiding of a contract between two parties.  In this case, the focus is on borrowers voiding contracts with lenders, and the verdict is good news for borrowers. The Court gave a clear and undeniable decision that…

Solar power is now more affordable in over 80% of the biggest U.S. cities. Solar is not only a money saver, but it’s a great investment in your home as well. Solar is no longer the exclusive domain of the wealthy, and there is a clear gap in the reality and the perception of solar.…

The Seattle area offers up some interesting insight and trends in real estate that may get traction in the national picture before you know it. In 2014, the hottest properties on the market were apartments. Investors were grabbing rental properties faster than office buildings, and that trend may be matching the market outlook in some…

Up to one million Home Affordable Modification Program (HAMP) mortgages may be eligible for help through 4 new programs recently announced. Mortgage holders with a good record of payment for 5 years may be eligible to receive assistance to help pay down principle. Other borrowers will have an opportunity to re-amortize to further reduce monthly…

Up to one million Home Affordable Modification Program (HAMP) mortgages may be eligible for help through 4 new programs recently announced. Mortgage holders with a good record of payment for 5 years may be eligible to receive assistance to help pay down principle. Other borrowers will have an opportunity to re-amortize to further reduce monthly…

Why rent when you can buy? Answer that question and you might be onto something perplexing a lot industry people. Millennials, when asked in a recent survey, said they would rather rent than buy, to the tune of nearly 6 in 10. Only 1 in 4 Millennials today owns a home. That is significantly down…

A group of mortgage-bond investors have sent a letter to Ocwen in which they accuse the company of “imprudent and improper” actions that may be the precursor to a lawsuit, according to Kathy Patrick of Gibbs & Bruns LLP. The company has been under the microscope in recent months for improper conduct, highlighted by a…