Recent Articles from Robert Nusgart
There are only a few more weeks before changes in Federal Housing Administration mortgage insurance go into effect — changes that will cost millions of borrowers who need a government-insured loan to get into a home more money.
In his State of the Union address, President Obama again asked Congress to consider legislation that will allow more homeowners to refinance mortgages that are currently higher than the value of their homes.
As 2013 takes shape, it’s time for a hard look at what the mortgage industry will be facing over the course of the year.
With all the political talk about reinvigorating and protecting the middle class, the government’s most venerable program for first-time homebuyers — that run by the Federal Housing Administration — may be on the verge of getting a little bit more expensive to use.
With the election in the rearview mirror, it’s time to start speculating on what the next four years will mean to the mortgage and housing industry.
Once upon a time, one of the most popular mortgage products being offered by lenders was the “interest-only” loan. Its popularity was simple to see; a borrower could get into a much more expensive home than he normally could have because he was qualified only on whether he could make the interest-only payment.
Pity the poor loan officers. All they want to do is make their customers happy. Make their builders happy. Make their real estate agents happy. Make the company that they work for happy.
In the last couple of years there has been a frenzy of home owners who have refinanced. Not just once. Maybe twice. Even three times. They’ve lowered their rates. They’ve lowered their monthly payments. They’ve lowered the number of years on the mortgage. But one thing they haven’t been able to do as much is […]
One question that typically pops up in discussion with friends or family is how does someone pick a good, professional mortgage loan officer?
Before the housing market took such a tumble and before millions of homeowners saw equity in their homes vanish in a blink of an eye, the idea of walking away from their mortgage was inconceivable to most borrowers. Yet as this drama has unfolded, more and more homeowners who found themselves throwing good money after […]
Thank you Greece. Thank you Spain. Thank you Portugal. Thank you for fueling the European debt debacle that continues to make the American bond market a haven for skittish investors looking for a “flight to safety” for their money. And when that happens, bond prices move up and yields move down and before you know […]