Entries by George Yacik

Wells’ HELOC Revamp Is Long Overdue

By George Yacik

Wells’ HELOC Revamp Is Long Overdue

By George Yacik

Marketing to Millennials 101

“Millennials the key to a stronger housing recovery.” That’s the headline on the press release of the Harvard Research Center’s latest “State of the Nation’s Housing” report for 2014. Unfortunately, unlocking that key is going to be very difficult for home sellers and mortgage lenders. “Tight credit, still elevated unemployment, and mounting student loan debt […]

Wells’ HELOC Revamp is Long Overdue

Early this month the Wall Street Journal broke the story that Wells Fargo last November had begun requiring most of its customers to start paying principal – not just interest – on their home equity lines of credit (HELOCs). This prompts three questions: First, what took the financial press so long to find this out? […]

What Do We Really Want?

By George Yacik

Psst. Want A Hot Investment Tip?

By George Yacik

My Mortgage Experience, Part 2

A few columns back I wrote that my wife and I were in the home stretch of refinancing our mortgage through the HARP program after several years of being told we weren’t eligible. Well, I’m happy to report that we closed on the loan a couple of weeks ago and now will be able to […]

What Kind Of Industry Do We Want?

*What Kind Of Industry Do We Want?*
**By George Yacik**

***The recent news that Fannie Mae and Freddie Mac have nearly paid back their bailout debt to the U.S. Treasury after just five years and will soon be paying a positive return is certainly great news for taxpayers.

Are High Home Prices Bad For The Economy?

*Are High Home Prices Bad For The Economy?*
**By George Yacik**

***One of the standard chestnuts of U.S. economic policy is that high home prices are good for the economy. Nobody embraces that thinking more than the Federal Reserve, which at its past two monetary policy meetings decided against tapering its quantitative easing bond purchases –  nearly half of which include mortgage-backed securities – to a large degree because it was worried that any rise in interest rates might derail the nascent housing recovery. Pumping more money into the market, so the thinking goes, helps home prices and thus the larger economy.

Mortgage Lenders Can Help Bridge the Retirement Gap

*Mortgage Lenders Can Help Bridge The Retirement Gap*
**By George Yacik**

***The U.S. pension system recently fell to 11th place among 20 countries with major retirement systems, the first the first time we did not rank among the top 10 in Mercer’s annual global retirement rankings. The U.S. took “the biggest hit” in the company’s adequacy metric, according to Australia-based Mercer.