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…
I wanted to wish each of you and your families an enjoyable 4th of July. Most of us spend a little time getting ready for the 4th, but this guy took it a step farther preparing for years. I’m not…
With the “hot market” back in many cities throughout the country, fraud is also up substantially. It is not your typical fraud like we saw in the last recession but a new breed that is extremely sophisticated and can impact…
Do you have the proper “accessories” to excel in real estate? Do brands matter to increase your sales? Will your clothes help you “close” the real estate sale? I’m talking about your actual real estate that is! Is your commercial…
Seems like rates are all over the place with predictions awash. Interest rates are driven primarily by future expectations of the economy along with geopolitical risks (flight to quality). What does this all mean for rates? What should you…
It’s like getting a free scoop of ice cream 😊 According to Equifax about 11 million borrowers will have their credit scores increased by at least 20 points starting in July. Will you be impacted? What is the change? What…
This weekend I was asked to lend on a file in Colorado. The borrower mentioned his zestimate was 250k. I was intrigued because the house was not in the nicest area. His zestimate value sucked…. Zillow also thinks it sucks…