It's Time...
Mortgage rates are low but applications and housing starts are down. It's time to understand that jobs are not back, mortgages are tough to get because of HVCC and ridiculous guidelines. It's time to have a new national policy to redo the entire industry so that people who can afford it and have good credit can refi WITHOUT an appraisal, monotize the tax credit (and mak

HVCC Needs a Mid Course Correction
How is the HVCC like the Apollo missions? In case you have not had a transaction in the mortgage world since last May, the HVCC is not working (understatement). Now, it's time to explore how to make the fraud stay away in the financial world balance with people getting accurate values of their home. Some have said, let's do HVCC like VA where the apprasier is just chosen by a computer. Others say that since the original reason HVCC was done was because of a company and loan officers that don't exist anymore, so dump it. The appraisers themselves have had

Mortgage Licensing

Worthless Pre-Approvals
Read my AgentGenius.com article on worthless pre-approvals. Please click here.

Tax Credit Extension New Ideas
If you saw my CNBC interview last week (still available at http://fredglick.com ), you would see that I called for the repeal of the credit and to take that money and earmark it for jobs. Well, after a bit more thought, 9 more cups of coffee (no, not at one time), a little discussion and putting on my diplomacy coat, I have come up with a compromise. How about leaving the credit as is but changing it ever so slightly: 1. Monotize it so the buyer gets the money help as direct down payment. 2. Make them pay it back, with 6% interest over 10 years. 3. Use the recycled principal and interest to help fund the new health care bill. N