From the unfiltered mind of an overstimulated lender
Sweating Market Volatility? I don’t.
Confessions of a Former Retail Lender #3 “Rates improving after you lock stings. Still beats floating into a worse one.” Saying that used to make my stomach churn, I lost sleep and just prayed that they didn’t pick up the phone and call another lender. The other lender could have been on the same margin,…
If retail LOs get a slice, Corporate gets the bakery
Confessions of a Former Retail Lender — #2 “Good luck making over 200 bps while staying competitive on rate.” My parting message from my old SVP when I left retail. Funny story, he was the one who declined my PE request days prior, which prompted my switch. As I talk to retail lenders, there is…
Confessions of a Former Retail Lender: Why I Was a Salesman, Not a Loan Officer.
This is the first in a series I’m calling Confessions of a Former Retail Lender. More to follow, until my old companies ask me to stop… I wasn’t really a “Loan Consultant.” And I definitely wasn’t a “VP of Lending” — no matter what my business card said. I was a salesman. You have very…
How Do I Get a Down Payment for a Home Purchase?
Saving 3% To 5% on a $500k home can be daunting. So let’s find a solution.
LLPAs Summarized
Since mortgages affect everyone, and the recent LLPA changes affect most mortgages, then everyone should pay attention to these changes.
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Blake Hallum's Mortgage Insight 