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

The Wall Street Journal published an interesting blog  yesterday pointing out that all facts that are reported about millennials are not really factual.  The concepts brought out in the post could be applied to just about any statistics that are reported, especially those based on surveys or gove...

I extend my best wishes to all on the Rain for a very happy and meaningful Thanksgiving.  I am thankful to be a part of the  Rain and to have met and become friendly with some very terrific people on this site.  I am especially thankful for my thirty (+/-) year friendship with Joe Petrowsky and a...

According to an article published on Bloomberg News  people who are moonlighting with second jobs to qualify for mortgage loans are being adversely impacted by the Ability to Repay ("ATR") rule adopted by the Consumer Finance Protection Bureau ("CFPB").  The ATR rule became effective this past Ja...

Tighter underwriting standards will become effective on March 2, 2015 for Home Equity Conversion Mortgages ("HECM") insured by the Federal Housing Administration ("FHA").  FHA made this announcement last week according to an article by Ken Harney in the Hartford (CT) Courant and various other new...

The Federal Housing Finance Agency ("FHFA") has released its annual report to Congress and there are a couple of interesting bits of information that are revealed about the guaranty fees ("G-fees") that are collected by FNMA and FHLMC for the guarantees that they issue in connection with mortgage...

In a recent opinion issued by the Court of Appeals of the State of California in the case of Lin v. Coronado  it appears that a scam was revealed that arose out of a purchase of property at a trustee's sale.  Ms. Lin put up $150,000 in a "partnership" with River Forest Financial LLC ("River Fores...

In today's very competitive mortgage market, lenders are attempting to spin everything in a slightly different way than the next guy in an effort to lure a borrower in the door.  One fairly recent twist in the ever-changing mortgage market is that lenders are finding that if they pay the mortgage...

As you may have heard, Mel Watt, the new director of the Federal Housing Finance Agency ("FHFA") testified before the Senate Banking Committee on Wednesday, 20141119.  Watt was essentially there to defend the stance taken in January of this year to postpone any increase in the guaranty fees charg...

With the election behind us people are speculating as to what issues Congress will tackle in 2015.  In an article on housingwire.com  Stanley Street, President of Street Resource Group, a mortgage software development company, indicated that as far as housing is concerned, there will be, "a lot o...

I received a referral from a Realtor referral partner a few days ago.  Joe Petrowsky and I met with the lady yesterday.  I had a feeling from my first phone conversation with her that this was going to be a difficult, if not impossible, situation.  Unfortunately, my initial feeling was correct. T...