Having been in the industry over a decade I’ve seen variations of this article referring to the 4 C’s of Mortgage Underwriting (Capacity, Credit, Cash, Collateral). While it gives a potential borrower a broad understanding of what a lender looks for in “qualifying” one for a loan, it neglects to address the more critical point of “affordability.”

Mortgage Rates jumped considerably this week (about .25%). I’d call it considerably, but considerably compared to what? Considerable in this case means “when it causes disorientation to clients and mortgage lenders alike.”

There is much in the news regarding the HARP 2.0. Attached is a well written article from Bills.com about the program, it's purpose and how it affects both homeowners and lenders.

I like sports analogies, especially those relating to team sports. There’s something inspiring about a team or group working together in harmony; the whole being stronger than the individual parts.