201804.11
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So You Think You are a Veteran of Many a Closing

Many experienced home buyers, sellers and investors are still surprised to learn of the new closing requirements concerning funding.   For years, the gold standard at closings was to bring funds by a “certified check”, “cashier’s check”, or other paper draft of a bank account.    Unfortunately, while these legitimate real estate moguls have been out there…

201405.07
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It Was Inevitable – Thanks a lot QM!

We try not to wander too far afield into the political end of things.  But sometimes you just have to give credit where credit is due and point out some of the obvious consequences of laws affecting lenders, borrowers, default, and legal ramifications.   Dodd-Frank and the ensuing Quality Management or QM regime enforced upon the…