Jack Guttentag

Contributor

He is Jack M. Guttentag, now Professor of Finance Emeritus, formerly Jacob Safra Professor of International Banking, at the Wharton School of the University of Pennsylvania. Earlier he was Chief of the Domestic Research Division of the Federal Reserve Bank of New York, on the senior staff of the National Bureau of Economic Research, and managing editor of both the Journal of Finance (1974-77) and the Housing Finance Review (1983-89). Professor Guttentag has been a student of the home loan market for many years, and his bibliography of scholarly articles, books and monographs is large and diverse. He has also been an active practitioner, serving as a consultant to many government agencies and private financial institutions, including the Department of Housing and Urban Development, USAID, Freddie Mac, Citicorp, Dominion Bancshares, the World Bank, J.P. Morgan Securities, the New Zealand Bankers Association, and many others. In addition, he has been a director of the Teachers Insurance and Annuity Association, Federal Home Loan Bank of Pittsburgh, Guild Mortgage Investments, and First Federal Savings and Loan Association of Rochester. Throughout his career, Professor Guttentag has been concerned with the difficulties faced by consumers in the home loan market. In 1985 he joined with a colleague at Wharton to found GHR Systems, Inc. which has developed a nationwide electronic network that lenders can use to deliver complex mortgage information quickly to loan-officer employees, to mortgage brokers, and to consumers using the internet. The company also provides easy-to-use tools that enable loan officers to act as consultants to borrowers during the origination process, while speeding up the process. Some clients of GHR Systems are Washington Mutual, Charter One Mortgage, Homecomings Financial, Radian Guaranty, Cendant Mortgage and others. In 1997 Professor Guttentag began to phase out his teaching at Wharton in order to focus his efforts more fully toward helping consumers navigate the home loan market effectively. He began a weekly column on mortgages that is nationally syndicated, and began the development of his web site, www.mtgprofessor.com. The major purpose of both is to help consumers make better decisions. In 2000, Professor Guttentag in collaboration with several mortgage brokers developed Upfront Mortgage Brokers (UMBs). Brokers who agree to do business in accordance with UMB principles, and who display these principles prominently on their web sites, are listed on his site for easy access by consumers. In 2006, Guttentag teamed up with Amerisave, an Upfront Mortgage Lender, to provide disclosure of the lender's wholesale mortgage prices and its markup to borrowers who access Amerisave through www.mtgprofessor.com. Guttentag monitors the site and guarantees the markup for consumers.

4 solutions for underwater homeowners

Not all refis are created equal

Aug 30

FHA's controversial proposals to cut losses

Changes to cash reserves, debt ratios upset lenders

Aug 23

Know your risk of an ARM rate increase

Some urge caution when analyzing GFE, HUD-1

Aug 16

Mortgage reform falls short on disclosures

Some are nonsensical and do nothing to help borrowers

Aug 9

'Exotic' loans to fetch premium prices

New lending rules punish disadvantaged borrowers

Aug 2

Beware false promise to erase mortgage

Apparent scam traced to Nigeria

Jul 26

Timing a rate-lock

How to ensure lender's price quote is legit

Jul 19

Give buyers freedom to choose mortgage insurance

PMI in the post-crisis market

Jul 12

Tailor-made mortgage insurance

PMI in the post-crisis market

Jul 6

Financial reform under fire

Committee of regulators may be too slow to act

Jun 25

Reducing the risk of another mortgage mess

Denmark's private MBS market is a model worth molding

Jun 21

Comparing cost of FHA vs. conventional loans

Analysis of 3 loan sizes reveals surprising results

Jun 14

Site lets borrowers see their 'Mortgage Grade'

New tool aims to match borrowers with best rate and terms available

Jun 7

Rising interest in loan paydowns

'Mortgage Professor' sees shift in borrowers' priorities

Jun 1

5 inescapable truths about financial disasters

Striking differences in man-made vs. natural catastrophes

May 24

Borrower protections face rocky road

Preventing another crisis

May 17

Why we need a new private secondary market

Part 6: Preventing another crisis

May 10

3 ways Danish mortgage market trumps U.S.

Part 5: Preventing another crisis

May 3

Protect financial future with larger reserves

Preventing another crisis: Part 4

Apr 26

The failure of 'too big to fail'

Part 3: Preventing another crisis

Apr 19

Previous 1...6 789 10...24 Next