Tag archives: mortgage
A realtor friend of mine has a card on his desk from years ago. It’s an ad for a mortgage lender, long since out of business. On it there is a reflective sticker next to the words, “If you can fog this mirror, I can get you a loan.” Banks have failed, guidelines fluctuate frequently, […]
A great deal has happened since the late 1960s when the first reverse mortgage was issued to a high school teacher by one of her former students. Back then, what began as privately issued reverse mortgage loans ultimately became insured by the Federal Housing Authority in the 1980s and gradually saw the birth of proprietary “JUMBO” […]
You might wonder how a chowder festival has anything to do with providing free, high-quality legal services to low-income and other vulnerable residents in order to ensure equal access to justice. The answer is, not much, except that prior to the pandemic, the decade-old Santa Barbara Chowder Fest had become the single largest fundraiser for […]
Anyone who has ever watched a police drama on television in the last 50 years is familiar with the fact that everyone who has been accused of a crime has a right to free legal counsel if they can’t afford their own attorney. But that bright line ends when it turns to civil matters, even […]
We as consumers have plenty to talk about in our current environment. The world overall has shifted into a new existence with many changes affecting our personal, business, and political lives. The mortgage world is no exception. Since March, lenders have seen their pipelines swell with refinance business due to absurdly low interest rates, while […]
As we head into the last quarter of the year, it is interesting to look back at where we have been and then forward to what lies ahead. Back in November, hardly a long time ago, most forecasters believed that mortgage rates would rise to 5% or higher this year. Don’t laugh. At the end […]
by Adam Black Adam Black is the area manager and senior loan officer for New American Funding Montecito branch. He can be reached at 805-452-8393 or by email adamblackgroup@nafinc.com Being a mortgage guy, I can’t help but formulate things into mathematical equations. When I was asked to provide an update on what the biggest trends […]
