I have been discussing in previous blogs the stories in newspapers and on TV about the mortgage industry meltdown.  I have been addressing the question - How does this effect the Oregon home mortgage market and the average mortgage lender Portland relies upon? 
We are continuing to see wholesale lenders, including some that just one month […]

As I have discussed in previous blogs, we are reading in the newspapers and hearing on TV, stories about the mortgage industry meltdown.  I have been addressing the question - How does this effect the Oregon home mortgage market and the average mortgage lender Portland relies upon?
I always try to stay calm and analytical about […]

Perhaps you have read about the current Oregon home mortgage  ‘meltdown’.  It started out in the sub-prime market due to poor performing loans.  This was blamed on lenders that made adjustable rate loans to poorly qualified borrowers.  These borrowers were generally given an interest rate for the first two or three years of the loan.  […]

When I became a mortgage lender in Portland, Oregon, in 1983, most people had no idea of the advantages they would receive by using a mortgage broker rather than going to their local bank.  If fact, I was asked that very question by almost every client during my first few years in
Portland.  Part of my […]

Two major things happened in the late 70s that changed the face of a mortgage lender in Portland and all over the State.  First was the proliferation of mortgage lending requirements in Oregon and nationwide.  Major federal regulations include the Home Mortgage Disclosure Act of 1975 and The Federal Truth in Lending (reg Z) Act  in […]

Mortgage lending in Portland, Oregon was once a matter of meeting with your bank.  Often banks were locally owned and operated.  A local bank knew who their customers were and understood their needs. Like other industries, the banks have grown by consolidation, and gobbling up the little guys.  State chartered banks moved into the national arena, […]

Twenty years ago, you could not find a conventional mortgage broker in the state of Oregon.  If you needed a conventional, FHA or VA loan on your home, you had to get it from your local bank or Savings and Loan.  Your options were usually limited to a thirty year fixed rate mortgage and if you did not meet the bank’s requirements, you had nowhere […]