Mortgage Industry Insights

For every hundred people who read this article, forty-nine will never pass the NMLS National Mortgage Licensing Exam. Yup! You read that correctly. Per the [...]

Piggyback Financing You’re contacted by a potential mortgage applicant who wants to buy a home.  While interviewing her, she shares that she only has 5% [...]

Interest-only (I/O) loans do not fit into the Qualified Mortgage (QM) category.  Therefore, if a lender were to originate a loan containing an I/O component, [...]

They’re certainly rare!  But they’re still out there.  Collateralizing properties in both first- and second-lien positions.  And even though you may never personally encounter or [...]

Conventional Mortgage Loans One of the most fundamental, but frequently-asked questions, that I receive from new mortgage professionals is to explain the meaning of “conventional” [...]

It happened almost fifteen years ago but I remember it as if it were yesterday.  A woman who I had known for less than a [...]