Daniel's Blog

Mortgage and Lending - INPAC Enterprise
Forewarn Your Clients, Beginning June 1, all lenders will be obligated (required by government mandates through FNMA) to order a second full credit screening immediately before closing. The last-minute credit report will be designed to find out whether your client has obtained -- or even shopped ...
American Clean Energy and Security Act of 2009: Why I am worried!! Sect. 202: Building Retrofit Program mandates a national retrofit program to increase the energy efficiency of all existing homes across America. Beginning 1 year after enactment of the Act, you won't be able to sell your home unl...
Fog a Mirror and Get a Loan became the “MANTRA”!! The history of governmental attempted “financial control” below has proven no amount of regulation will be able to abrogate greed. Instead, it will serve as an example of the law of unintended consequences. Unfortunately, the government does not h...
"All Real Estate Markets are Local" If our clients are best served by dealing with local Real Estate agents who know their market and the local issues affecting it, why would we want to open ourselves up to the Law Suites that will follow from acting as agents with the fiduciary responsibility of...
If I were devising a plan to decimate the Real Estate Industry I would: 1. Not provide financing for move-ups requiring loans above the FNMA limit thus reducing upward mobility (no Government support). 2. Try to cap Real Estate Values using appraisers (HVCC). 3. Increase time delays for Real Esta...
The Home Valuation Code of Conduct (HVCC) appears to be counter productive to the Obama Administrations position because the Administration is spending Billions of Constituent Dollars to stabilizing home values!!! We must try to change this appraisal nightmare created by HVCC before it destroys a...
Q Where does a broker submit a request for DRE’s review of an advance fee agreement?                            A A request for DRE’s review of an advance fee agreement should be sent to: Department of Real Estate Mortgage Loan Activities Unit Post Office Box 187000 Sacramento, California 95818-7...
See what this article written by Howard Husock in the Winter of 2000 has to say about the future problems the expansion of the CRA legislation might lead to when your trying to establish a major cause for our industry meltdown. If your interested in this article written in the Winter of 2000 abou...
Saw this in news release. New York Times (08/22/08) A letter from 51 former employees of IndyMac Bancorp to California Attorney General Jerry Brown calls for an investigation into Sen. Charles Schumer's role in the failure of the Pasadena-based thrift. The former workers accuse the New York Democ...

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