A MORTGAGE IS NOT A COMMODITY by Rick Soukoulis

From time to time I hear people saying that the mortgage loan officer is a dinosaur.  The reasoning is that a mortgage is commodity, that every mortgage has the same criteria, and that they are, therefore, mere commodities.

 

Happy New Year from the US Government by Rick Soukoulis

When I first got in the Business in 1981 I met someone wearing a little button on his lapel with these letters, EGBAR. He told me it stood for “Everything’s Going to Be All Right”.  At the time interest rates were 18.5 % and 4 points... That’s how I feel about the government’s latest policy pronouncements about Fannie Mae and Freddie Mac.

What if the Speculators Go Away? by Rick Soukoulis

If you’re in real estate or mortgage lending, you’re always getting inundated with data and statistics.  Among the many statistics I’ve seen lately, one kind of jumped out at me.

I read recently that something like 70% of all buyers of foreclosed home are speculators.  Wow.

The Return of the Mortgage Banker, by Rick Soukoulis After several decades in the mortgage industry, there is very little that gets me excited. I’ve learned that staying calm can often be the most effective way to handle things. Having said that, there is one thing that does have me excited. What is it?