The KCM Blog

Loans

States with the Highest Loan Balances

February 3, 2012

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What Value Does Your Loan Officer Add?

January 19, 2012
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For the longest time, I have listened to other loan officers talk about why people should do business with them; and 95% of the time their presentations boil down to three things – price, product, and service. On the pricing front, they talk about low interest rates and/or closing costs; on the product side, they [...]

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People Are Buying Homes AND GETTING MORTGAGES!

January 11, 2012
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Many believe that very few houses are selling and that almost no one can get a mortgage. We want to let everyone know that neither of these assumptions is true. Recently, the National Association of Realtors (NAR) released their Existing Homes Sales Report. According to the report there are, on average, 12,109 homes selling in [...]

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Common Sense Isn’t Common Practice

December 8, 2011

It used to be that there was logic applied in the world of mortgage lending. An appraiser determined the value of a home by the axiom, “what a reasonable buyer would pay a reasonable seller”. An underwriter weighed the plusses and minuses of a file (after analyzing the income, the assets, the credit profile and [...]

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…And the Changes Keep Coming

December 1, 2011

With an election year right around the corner, it seems obvious that the world is full of flip-floppers, so why should housing and mortgage policy-makers be any different? Remember when the Federal Government was trying to ease its way out of being the dominant provider of mortgage financing (and trying to move people more into [...]

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Will the 30 Year Mortgage Disappear?

October 26, 2011

The federal government is reconsidering their involvement in the home mortgage process. They plan to still ‘guarantee’ certain mortgages. However, they appear to be redefining what they consider a ‘qualified purchaser’. They are discussing stricter lending guidelines in four different areas: The type of mortgage The minimum down payment The debt ratios of the buyer [...]

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