Randy Kirsch's Blog,, NMNLS #1012303 - Your Dedicated Mortgage Consultant, Right Trac Financial Group, Inc. NMLS#2709

We had dinner with my son and his family a few days ago.  My daughter-in-law was complaining about a terrible experience she had with the CVS Photo Kiosk.  It seems that she was trying to get the invitations for my grandson's birthday party printed and they just didn't come out quite right.  My g...

There was a blog posted in The Washington Post yesterday afternoon that indicated that researchers from the Urban Institute have been reviewing the performance of low downpayment loans that have been backed by Fannie Mae in the past.  Those researchers found, "that the default rate for loans with...

In a very rare occurrence, if not a first of its kind occurrence, the U.S. Supreme Court heard oral arguments on Tuesday November 4, 2014, in a case entitled Jesinoski v. Countrywide, U.S. Supreme Court No. 13-684.  The Supreme Court is being asked to decide the proper way in which a debtor's rig...

I was scouring a search engine for a topic to blog about yesterday, and I was surprised to find that there are a number of patent applications pending for software that would track releases of all types of liens on closings.  I know there are some regional and national companies in place now that...

A practice that is becoming common-place around the country is referred to as "Witness Only Closings".  These closings are attended by an attorney who is solely at the closing to act as a witness and to notarize documents.  A number of states, most recently Georgia, are finding that the actions o...

I have been working with a couple who are looking for their first home.  I have been telling them that an FHA loan is their best option.  I think that statement is true for a lot of younger couples that have little in the way of cash and other assets to rely on in making their home purchase.  In ...

You may find that you need someplace to go on Tuesday to get away from all of the exit polls and other political news that will no doubt be filling the airwaves on Tuesday.  Might I suggest that you stop by the 2014 Northeast Healthy Living Expo between 9:30 am and 12:30 pm at Ellis Technical Hig...

There are days when I stuggle to find an appropriate subject to blog about and I try to find some interesting point of law or legal topic that I can write about.  At times it seems impossible to come up with a blog as I am not much of a story teller, but I have for years been a technical writer, ...

I recently read a case entitled, Sumner v MERS.  It was a case involving a refinance of a mortgage in Massachusetts, and was heard before the federal district court in Massachusetts.  In Massachusetts, according to the case, they have a state law that is very similar to the federal TILA as do mos...

I was recently directed to an article on Bankrate.com that was said to be a "great" (or similar words) explanation of the difference between "Interest Rate" and "Annual Percentage Rate".  The article explained that, "{t}he interest rate is the cost of borrowing the principal loan amount...."  The...