15-year vs. 30-year Mortgages

15-year vs. 30-year Mortgages

This month we’re featuring an easy-to-digest audio format for our Molingo (mortgage lingo) section of The Apple Peeled. This month’s conversation features a conversation with Matt Jablonski and Marie Espinal, where they discuss financial situations when it...
All about Appraisals

All about Appraisals

This month we’re shifting to an easy-to-digest audio format for our Molingo (Mortgage Lingo) section of The Apple Peeled. This month’s conversation features Q+A with Al Rapoport, SVP at Cross Country Mortgage, on everything you need to know about...
Are FHA Loans Appropriate in NYC?

Are FHA Loans Appropriate in NYC?

In this space I often try to provide a perspective that would be difficult to find published anywhere else, mostly because the subject of mortgage finance just isn’t stimulating enough to attract an audience. For most people, it’s a boring subject that you only really...
Concessions and Club Sandwiches

Concessions and Club Sandwiches

There are a lot of layers in every mortgage transaction. It’s at least a club sandwich. The seller’s concession is one of them. Maybe it’s the bacon. Since sandwich humor can only take me so far, let’s get back to basics. The seller’s concession is a very effective...
Somebody Went and Changed the URLA

Somebody Went and Changed the URLA

“It’s a train wreck,” one seasoned loan officer told me of the mortgage industry’s new Uniform Residential Loan Application (URLA). “It’s a nightmare,” said another. Personally, I’m not sure what to think quite yet. Perhaps it’s a nightmare about a train wreck, but...