What do JPMorgan Chase, Home Depot, Michaels Stores, Target, Dairy Queen, and now Equifax all have in common? They’ve all been hacked and your info could have been compromised. If you missed the news Equifax released last week that 143…
This is a bedrock of the 5th amendment that says private property can’t be taken without just compensation. So why did the federal government decide to take property at will in Texas with zero compensation. What tough choices were made…
One home in Houston valued at 115k flooded 16 times in 18 years netting the homeowner 800k! Did you know that in highly damaged areas in Houston only 15% of property owners had flood insurance! How does Houston impact every…
There are some new rules coming down the pipe for banks that will drastically alter the lending landscape and impact everyone in real estate. What are they and should you care? I’m amazed that there has not been more…
Probably not although I doubt any closings happening. But, I did have to give a shout out to this guy who I will nominate as “best dressed” for the upcoming eclipse. I think the metal “hat” adds the little…
Has Janet Yellen fallen victim to fake news? Interest rates have been predicted to increase this year but they have barely budged. Why? We keep hearing that rates will increase and inflation will continue to accelerate, but Janet Yellen has…
As a hard money lender, value is the most critical component of underwriting a loan. We don’t require appraisals so we are looking at thousands of loans a year. I wanted to share the tools I use to underwrite each…
Today it was announced that Libor will be phased out by 2021. Why is this such big news? According to a fed survey almost 45% of mortgages are linked to Libor and the vast majority of jumbo loans are Libor…
If you haven’t seen the news Zillow has released a tool to provide “instant offers” to consumers on the purchase of their property via their website WITHOUT USING ANY AGENTS! Will this ultimately be the demise of the traditional residential…
Ready to start your engines for the summer driving season? Will our cars lead us into the next recession? Although auto sales declined substantially this year, the real story is that the subprime bubble in auto lending is now showing…
