Mortgage Chatter That Matters

I hate to admit it but I've been in the mortgage business for a LONG TIME!  About 20 years long. (Yea I started when I was 5 , LOL)...  Today I read that Fair Issac AKA FICO is changing the way it calculates credit scores.  First of all this "Fair Issac" does not always appear to be fair, and sec...

Divorce and Your Credit! When a marriage ends in divorce, the lives of those involved are changed forever. During this time of upheaval, one thing that shouldn't have to change is the credit status you've worked so hard to achieve.  Unfulfilled promises to pay bills, the maxing out of credit card...

Time BlockingWhere Did the Time Go? Have you ever had your day end and wonder where it went? Have you ever been frustrated by how reactive you have been to "emergency" situations that significantly reduced your productivity? Or maybe just allowed yourself to get involved in more personal business...

Proactive or Reactive?It's up to You Everyone makes choices. Their outlook on life, whether at home, at work, behind the wheel or at the theater, directly correlates to the decision to be either positive or negative. In essence, it's as simple as whether you see the glass half full or half empty....

  Hello - My name is Lorraine Leff.  This is a little about me.  20 Years of Mortgage Experience For 17 years, I was able to work in many different facets of the lending behind the scenes.  Giving me a complete understanding of business.  This has proven to give me an edge when it comes to puttin...

 IMPORTANT INFORMATION UPDATE THAT COULD SAVE YOU MONEY ON PROPERTY TAXES   As a mortgage advisor, I am always looking for ways to save clients  money, and this may be one for you.  This is something you can do for yourself, so please do not fall for a company saying they will do it for you for a...

 Wow, Take A Chill Pill!! It is not that bad!Credit scores have been around for a long time, but it seems that this three digit number that is assigned to each of us, continues it's climb in importance!  Employers are using the score to make a hire or not hire decision, insurance companies are ba...

Trigger Leads: Don't Be Exploited by the Credit BureausWhile it's an illegal breach of privacy for real estate agents or mortgage originators to sell your credit information, it is perfectly legal for credit companies to do so. For a price ranging anywhere from $25 to $100, your name and certain ...

I gotta share what happened to me today.  Let me start by saying that for the past 8-10 years for conforming loans, pretty much "A" paper loans we have been relying up automated underwriting systems.  These systems are proprietary and over the years, the only way we could close these A paper loan...

With 1 out ever 5 homes in our area having a subprime loan, and knowing that all of these subprime loans were meant to be "Band Aid" loans.   Band aid meaning a temporary solution allowing the consumers some time to correct their past credit woes.  Knowing that in 2 or 3 years they will have to r...