Dodd Frank
Mortgage bonds broke through the resistance level and continued to close above the highs from the previous days. The gamble to float last week paid off, but this is a new week with a busy economic calendar. Should you lock or float? Bob Johnson (AKA BobMortgage) shares his opinion in today’s Mortgage Report. You may know him as Bob…
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Just this past week, President Donald Trump issued an executive order that loosened lending restrictions instituted by Dodd-Frank. How will this, combined with the Fed’s recent uptick in interest rates, affect mortgages? Bob Johnson (AKA BobMortgage) shares his opinion in today’s Mortgage Report. You may know him as Bob Johnson, the senior mortgage advisor at Wallick & Volk,…
Read MoreWe know that president-elect Donald Trump, as a businessman, probably detests regulations as much as any other business owner. While protective, some go too far and tack on extra costs to consumers. You really need a balance — enough law to protect the consumer and punish morons who prey upon the unsuspecting, but not enough…
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By Jon Anderson Columnist No, I didn’t dig this out of my 2008 file drawer. According to RealtyTrac, March 2015 saw an 11 percent jump in foreclosures across the U.S. compared to February. That translates into 152,147 homes rocketing down the chute to foreclosure and the loss of people’s homes in the first quarter of…
Read MoreThe real estate landscape is constantly changing, thanks to a regulatory environment that is learning from its past. After the housing bubble burst, fueled by the sub-prime lending market crash, lawmakers were in a frenzy to control the damage. The question is, though, with regulatory belt-tightening, will there be unintended consequences? How can this actually…
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