Low-Income Loans The recent decision by the city and county to ban "yield spread premiums" on low-income loans is yet another example of government removing choices under the guise of protecting people. I was in the mortgage business for 12 years but am no longer in it, so I have no dog in this fight, but I can tell you that a yield spread premium is a great way to reduce the out of pocket expenses associated with a home closing. ...more

November 20, 2008

For years, the Housing and Education Alliance has helped prepare low-income residents to buy their first home, teaching a mandatory class for anyone seeking down-payment assistance. ...more

November 16, 2008

Mortgage brokers who haven't fled the industry or been forced out are in survival mode. ...more

February 1, 2008