96 results for author: Dan Shlufman


Critical Mortgage Regulatory Updates by the Consumer Financial Protection Bureau for 2013 and 2014


Key Provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act


Mortgage Loan Officer Compensation and Anti-Steering


Halloween: What is Scaring Me?

This year, some of the most popular Halloween costumes are Elsa and Anna from Frozen and a Hazmat suit inspired by our current Ebola scare. The dichotomy of the innocence of Disney princesses with the macabre of a terrifying and, IMHO (ask your kids for translation) not very funny healthcare worker’s protection suit, can be an analogy for this holiday, this season and, as applicable to this email, the housing market. In the housing arena, there are the Annas who see beyond the isolation that many have felt in losing their homes to foreclosure or seeing their equity stripped by the collapsing property values. Like Elsa in the ice castle, these ...

If it’s still Spring why are we already in the Summer doldrums?

After getting out of the gate in May like California Chrome at the Kentucky Derby, the housing market finds itself out of the Winner's Circle in the middle of June.  Other than in parts of our most affluent local counties, housing sales as represented by number of units sold of existing homes are very low.  In the Northeast, the annualized volume is estimated to be only 600,000 homes this year which will be down 6.3% from 2013. Nationally, we are looking at annual sales of 4.59M for 2014 which is down from almost 7M during the height of the market in 2005!   More troubling, and not just for those of us who make our living in the mortgage indust...

Exciting Feedback from Lawline CLE Courses

I am excited to share with you the positive feedback I received from teaching several CLE courses for Lawline in May 2014! I encourage you to visit the course discussion forum. This is a great place to see further comments, legal discussions and questions inspired by the Lawline program. Critical Mortgage Regulatory Updates by the Consumer Financial Protection Bureau for 2013 and 2014 Great follow up to the speaker's earlier Dodd-Frank presentation. Jennifer, New Rochelle, NY Very informative Andrea M.A., Chestnut Ridge, NY Extremely informative on relevant and current material Sloane Was excellent because it was so current and relevant ...

The Purchase Market, Lower Rates and a Small Favor

NEWSFLASH #1: The housing market is not that strong so far this Spring. There is a lack of inventory in most markets and year-to-date sales are much below the historical average for home sales. Manhattan and Brooklyn continue to lead the way, mostly supported by foreign buyers and cash deals. But, outside of these areas, the housing market continues to limp along. Well priced houses sell and good areas close to Manhattan with top schools are doing well. Everywhere else, not so much. Hopefully the improving weather and low interest rates (see below) will improve this. But, much like the very short King Crab season on Deadliest Catch, those of us in ...

Secrets of the Moving Industry- How to Move Cheaper and Easier

Since I am still recovering from my Matzo coma, I asked one of the best movers I know, J.D. Carton & Son, Inc., Agents for Allied Van Lines, to help me with the material for this month's email. In a spirited session yesterday in their "war room," where they normally debate cutting edge moving issues like...why does the total amount of tape in a 3 pack of mover's tape contain less tape then one roll of packing tape from Staples?..., the Carton gang came clean on the dirty little secrets about the moving industry that can help you save time and money on your move. First (and, actually Fifth too): Book your move early. Moving is a supply and ...

5 Things You Should Know about Credit Reports

One of the biggest issues facing homebuyers today are problems with their credit scores. Unlike in the past, the available loan products and interest rates will vary significantly with a person's credit score. Below are 5 Do's and Don'ts to make sure that your credit score is as high as it can be: 1. DO-Make your mortgage on time and in no event later than the 30th day of the month. Even one 30 day late mortgage in a year can drop your credit score by 40-50 points and make you ineligible for certain mortgage products. If something has to be paid late, make it anything other than the mortgage. 2. DON'T-Allow your credit card balances to go above ...

What effect will the cold, snowy winter have on the Spring Housing Market?

So, here goes...I believe that due in a large part to this winter"s weather, the spring housing market will be extremely strong. The top 5 reasons (in no real order) are as follows: 1. After years of procrastinating due to both indecision and depressed housing prices, the "younger" senior citizens (i.e. those from 60-75 years old) will finally have had enough of the cold and snow. They will put their houses on the market in large numbers to either move to warmer climates or to maintenance free townhouses and apartments. No more large heating bills or snow shoveling for them! 2. After putting off buying a home for years due to lack of funds or the fear ...