Larry Morris's (larrym) Blog

A lot has been said about the detrimental effects of HR3915 and Title 3 , but this post by Matthew Graham sums it up best.  HR3915 and Title 3For the most part the market has taken care of the problem. The "bad" loans have gone away and a lot of the "bad" actors are out of the business. But, do w...

 How Oregon Mortgage Rates are Calculated   There is a lot of discussion about Yield Spread (YSP) or Rebate. Is it a rip-off or is it in the client's best interest? The bottom line is that it is a part of how our price sheets are constructed and how we price loans. Mortgage Brokers do it and so d...

Newberg, Oregon - I have finally passed the qualifying exams to earn the Certified Mortgage Planning Specialist (CMPS) designation. It's taken me a couple of years and a lot of procrastination, but this slow down has alloed me to further my education and my ability to help you, my clients.The CMP...

Many Oregonians could be hit by a big surprise next Tax season. It's the Alternative Minimum Tax (AMT), which was originally designed to hit only the ultra-wealthy. Well guess what. You're probably considered "Ultra-wealthy".The AMT  is trapping an alarming amount of the middle class, especially ...

As most of you know by now, Congress is looking for a solution to a very real problem. Whether election year grand standing or honest efforts to help Americans, the result could be the same. The very people they are trying to protect could be harmed. If you are in the Real Estate industry or own ...

Congress in their attempt to help those who have found themselves in bad loans are going after what they believe to be the culprit, mortgage brokers. They have this misguided sense that we are Snidely Whiplash and after the money of every unsuspecting homeowner. I guess this makes Congress Dudley...

"Nonfarm payroll employment rose by 166,000 in October, and the unemployment rate was unchanged at 4.7 percent.  Job gains continued in professional and business services, food services, and health care.  Manufacturing employment continued to decline, while construction employment was little chan...

I was listening to one of my CMPS (Certified Mortgage Planning Specialist) CD's today and Barry Habib made an interesting comment. "When home prices were running high, buyers would make $10,000 to $20,000 offers above the asking price afraid that they would lose the deal. Now, people are afraid t...

 102% Financing for Rural Oregon. Guaranteed!! (You might be surprised at what's considered Rural) It is becoming harder and harder for a first time homebuyer to purchase a home, yet there are still many affordable homes if you have a down payment or the advantage of a program that helps you qual...