Edward Cooper's (edcooper) Blog

It had to happen; the boys in the back office are slugging it out and pointing fingers!  Yep lenders are pointing fingers at credit scoring system architects and their credit scoring models ability to forecast credit disasters (in the wake of the subprime mess). The credit scoring system provider...

I have a simple rule, if in hearing an explanation of a product or service, if my head begins to hurt I walk away. This rule has served me well.  I have friends that did not walk away and made the purchase, I deliver Tylenol to them frequently. In todays market I think a lot of folks are over thi...

Be Afraid, be very Afraid (read with an Elmer Fudd intonation) Got a call the other day, a customer call, looking to compare mortgage loan interest rates.  Nothing special happens most days, but this was a very special call as it turned out.  The caller in a calm controlled and steady voice (male...

 Don't WATCH THE EVENING NEWS BEFORE GOING TO BED!  if you want a good nights sleep that is. Best advice I have ever been given.....But the morning news is an altogether different matter. This morning in fact while going through my morning routine in the background the tube was on and tuned to my...

Starting October 1, 2009 FHA Case numbers assigned on or after that date on Condominium projects come with new approval processing options. Options; Lenders will have two condominium approval processing options: •1.   HUD Review and Approval Process (HRAP) •2.   Direct Endorsement Lender Review a...

Take the time element out of the process of obtaining a mortgage.  Now, more than ever the process of getting to the loan closing finish line smoothly and quickly when securing mortgage money can be rough.  Many Mortgage Money Investors have and continue to change or modify their lending requirem...

Now more than ever folks are looking to make super deals on real estate purchases.  This means that many folks are looking to purchase properties that well...need a little TLC. Time was, that meant the buyer had to have deep pockets or an alternate means of financing the cost of needed repairs. F...

Recent Federal Reserve Market Trend Comments; the FOMC views economic activity as leveling out.  Financial market conditions have improved in the near term.  Spending activity by Household continues to exhibit stabilization signs but remains challenged by continued overall job losses, slow income...