Smart Borrower Blog

Archive for January, 2008

2008 Predictions

I normally stay away from trying to predict the future.  However, I have received a number of inquiries from clients on my thoughts as to what 2008 holds in store for the housing and mortgage markets.  I thought I would give the old college try and we will check back in 2009 and see how I did! The housing market will be old news.  I have long believed that the media contributed immensely to this mess.  I do believe there is a psychological aspect to the situation we are in.  This is not to say that some areas of the... more »

Regulatory Agency for Mortgage Brokerages in Place

It comes as no surprise that seven states in the US have joined in creating a mandatory process for licensing and as tracking mortgage brokers. As the housing market has weakened, all mortgage brokers have been put under a microscope. It seems that even people with criminal records were able to operate a mortgage brokering business. It may be a case of too little, too late – but now steps have been taken to make brokers accountable. Now, if you live in Idaho, Iowa, Kentucky, Massachusetts, Nebraska, New York, or Rhode Island, mortgage brokers will fall under stronger scrutiny. Called... more »