Real Estate News

The Mortgage Professor: A new approach toward selecting a mortgage loan originator

One important reason the home loan market works so poorly is that borrowers have no reliable way to select the loan originator - the individual who takes the borrower through the loan process. LOs are loan officer employee of a lender or broker, or a broker herself. The problem is that LOs have a financial incentive to use the large knowledge gap between themselves and borrowers for their own benefit.

Real Estate News

Real estate Q&A: Condo board struggles to manage community

Q: The board at our condominium fired the management company a few months ago and took over managing the association. Things aren't going well. We have been told to mail our payments to an unsecured mailbox at the clubhouse. Membership records are being stored in the clubhouse restrooms. Is there anything we can do to fix this?

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