Steve's Stories

Millions will choose the standard deduction over itemizing, but states have not raised their standard deductions
Mar 5
First-time buyers must act now before conditions change
Feb 16
A new administration in Washington, growing demand from young families and lenders committed to the non-QM market are creating a new lending environment
Feb 7
The weather forecast is finally calling for rain to fall on the inventory drought
Dec 14

Make no mistake, the 100-plus-year-old mortgage interest deduction (MID) is in play, and the odds are good that it will be a shadow of its former self should the proposed tax reform framework become law. Once gutted, its long-term prognosis will be dim.

Oct 3

If your clients are trying to get a mortgage, there may only be one thing worse than being one of the 143 million Americans whose most confidential financial information was stolen by the hackers who broke into the Equifax credit bureau: trying to get a mortgage if you are one of the victims.

Sep 21

As of Sept. 1, Fannie Mae and Freddie Mac will no longer require appraisals on many of the loans that they buy. Because the two GSEs (government-sponsored enterprise) buy about half the mortgages originated in America, this is big news that will make buying a home easier and less expensive.

Sep 15

How many buyers have you met who walk in your door with a rotten credit rating and confidently promise to fix things up before they apply for a mortgage?

Aug 21