ARCHIVED BLOG POSTS
2019
People ask me all the time: “Phil, why do you keep saying a recession is coming?” I don’t wanna sound like the crazy guy screaming “the end is nigh!” around the street but, there are two big indicators to consider. First of all, unemployment. Unemployment has been historically low for a couple of...
04/15/2019
In 2018, more than 250 executives from diverse mortgage companies (Mortgage Bankers Association) in the USA asked the CFPB (Consumer Financial Protection Bureau) to adapt the Loan Originator Compensation rule to new standards. Reducing this compensation would let mortgage companies compete in the...
04/12/2019
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I want to talk a little bit about the positive and negative sides of a VA Mortgage Loan. So, I’ve talked about the main benefits a VA Mortgage can provide for you and your family, how you get the best financing available in the market today. The VA Home Loan is one of the few mortgages that requ...
04/08/2019
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I remember when I joined the army I’d heard about the VA Loan and wasn't sure what it was about. I just heard it was really good. Now I know for a fact (having received one myself) that it’s really good. The VA Loan is made for veterans, military members currently serving in the U.S. military, re...
04/05/2019
Housing affordability in South Florida is still being affected by last year's hurricane season. Nevertheless, the huge drop on mortgage delinquency shows that the market is recovering at a big pace, and not just in South Florida, but other US housing markets as well. "The last few years have been...
04/04/2019
Rainmaker
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Phil Stevenson, CRMP
"Mortgage Nerd" in Miami, Florida and Texas