Mortgage LoansIn evaluating a mortgage loan applicant's ability to pay, many lenders use the Fannie Mae guideline of around 33% of pre-tax income. If you need to be able to sell the loan, industry guidelines
Getting tougher to get your commercial and commercial real estate deals approved? You are not alone...but you knew that. The Federal Reserve's recent Senior Loan Officer Opinion Survey confirms what you already know and puts
In my training workshops we call this "Canada to Mexico". This idea is for you if you find that you are getting lost in a sea of tax returns, every interruption means you have to
In a recent article in the RMA Journal, Gerald Dent, EVP and CCO of Zions Bancorporation, explained the shift to fundamentals this way: "The 1989-90 economic downturn changed the way we lend money, ... from
"Businesses and transactions that may have been marginally viable in the recent past may no longer be viable when the risks they represent are more appropriately reflected...", says Don Wilson, President and COO of Amcore
As I was reading the Millionaire Women Next Door by Thomas J. Stanley, PhD I was saddened. A bit of background: I was the second woman auditor ever hired for both the Washington State Department
One of my tax return analysis clients requires all loan officers in training to read the book: The Millionaire Next Door by Thomas J Stanley, PhD. I completely agree. We are all human and it
Desperate for more qualifying income? Do you go flipping the pages of the tax return to see if there is more income, anything at all, you didn't notice the first time? Ah! Schedule SE has
Yesterday I got an email from a lender/client of mine. Her borrower is buying the business and she is trying to assess whether the purchase price is in line. Check these resources to better understand
You may have found yourself in a conversation defending the lenders who participated in sub-prime offerings. Or you may feel the companies who offered those loans are getting what they deserved. Whatever your view, here
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