The latest from John Levonick

Sep 25, 2014 - by John Levonick, Mortgage Cadence

Guidance from (very) recent history

George Santayana in The Life of Reason offered this observation, “Those who cannot remember the past are condemned to repeat it.” Everyone’s heard a variation on Santayana’s observation. ...

Mar 25, 2014 - by John Levonick, Mortgage Cadence

Credit unions need to know KBYO

Know Before You Owe (KBYO), the new mortgage disclosure regulation, does not take effect until August 2015.  So why talk about it now? This change in mortgage disclosures is sweeping, ...

Jul 26, 2013 - by John Levonick, Mortgage Cadence

The Five Cs of Lending

If you were lending in the early 80s into the mid-90s you were taught the four-Cs: capacity, credit, collateral, character.  Rules to live by, rules to lend by.  And remarkably ...

May 29, 2013 - by John Levonick, Mortgage Cadence

The Looming Impact of Dodd-Frank

Dodd-Frank’s Impact Dodd-Frank impacts lenders in many ways. In the span of less than two years there are now many new rules that will have material impact on the ...