Comments on: Marching Toward Retirement Using Neg-Am Loans? But Only By Prescription — Here’s How

By: Who’s a Mortgage Fiduciary? | BloodhoundBlog: Real estate marketing and technology blog | Realtors and real estate, mortgages, lending, investments

Sun, 01 Jun 2008 06:57:07 +0000

[...] Wells Fargo doesn’t offer negative amortization loans . Contrary to what you hear in the media, there are times when a negative amortization loan is JUST what the doctor ordered. If someone has a large amount of debt, it might be in their best interest to defer interest (at 6.75% pre-tax) so that they can free up some cash flow to pay down the higher interest debt (at 13% post-tax). In this flat housing market, it may be the only chance someone has to improve their credit score by swapping 13% money for 6.75% money. Many bankers can’t offer that product. Would they refer that loan out to a specialist (like an attorney or doctor would) or “sell” the client on the “in-house” loan program? [...]

By: Appraisers - The Latest Target In The Circular Firing Squad | BloodhoundBlog: Real estate marketing and technology blog | Realtors and real estate, mortgages, lending, investments

Wed, 12 Mar 2008 23:11:02 +0000

[...] And remember that while negative amortization loans were a reasonable and prudent vehicle for some customers – the lenders should have ensured that the borrowers could qualify for the eventually higher payments… not just the initial teaser payments. [...]

By: Jeff Brown

Jeff Brown — Sat, 15 Sep 2007 16:58:13 +0000

Ego? Out of control? I’ve told you I’m married, right?

By: Chris Lengquist

Chris Lengquist — Sat, 15 Sep 2007 14:31:37 +0000

“If Bernanke reads the script I sent him, and lowers the Fed Funds rate next week, they’ll continue to fall.”

OMG. Your ego is spiraling out of control.

Great explanation of neg am. Actually, even better than I could do.