Author Archives | Doug Katz

About Doug Katz

As the Senior Mortgage Banker and Sales Manager for Chicago Bancorp, Doug not only originates loans for his personal business, but also oversees affiliations with banks and other financial institutions that depend on Chicago Bancorp to meet their client’s lending needs. In this role, Doug directs the day-to-day mortgage sales operations of over 25 branches in a multitude of Chicagoland’s diverse communities. He brings to these relationships a wealth of industry experience and a dedication to an exceptional client experience that has established Chicago Bancorp as Chicago’s pre-eminent mortgage solution providers. Prior to joining Chicago Bancorp, Doug attended and graduated from West Point. Upon graduation, he was commissioned as an officer in the United States Army Artillery, where served 5 years in numerous roles and in various deployments include service in Kuwait. In addition to his Bachelor’s Degree from West Point, Doug holds an M.B.A. from Loyola University Chicago, where he was also inducted into the Beta Gamma Sigma Honor Society. He also served as President for the West Point Society of Chicago from 2003 to 2005 and still serves on the Board of Directors. When not working, he spends his time with his wife and three children in their hometown of Oak Park, as well as pursuing his passions for fitness, cooking and the banjo. Doug can be reached by phone at 312.738.6079, by email at doug@chicagobancorp.com, on his own blogs, BankerDoug.com and Vet Money Matters. He's also on LinkedIn.

Mortgage Rates Climb on Good Economic News

Written by: - December 3, 2010

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3 December 2010 – This week, I do believe that a little levity is in order. So, without further ado: A large passenger train was crossing the country. After they had gone some distance, one of the two engines broke down. find cheapest viagra “No problem,” the engineer thought and carried on at half power. […]

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Rate Watchers Dumbfounded as Mortgage Pricing Worsens

Written by: - November 19, 2010

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19 November 2010 – “Sometimes you eat the bear and sometimes the bear eats you.” A simple quote that definitely describes the most recent week in the mortgage markets. Unfortunately it was more of the latter for those hoping for the salad days of conforming Fannie Mae and Freddie Mac conforming loans below 4.375% Since […]

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Hooked on Some Easing

Written by: - November 12, 2010

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12 November 2010 – Since this week was much like the last few, I figured that would spice things up with a musical interlude. Because I cannot sing well enough to do this justice, I would ask that you use some good imagination. Hooked on Some Easing (Sung to Hooked on a Feeling) buy real […]

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Rates End The Week Lower As Market Digests FOMC Announcement

Written by: - November 5, 2010

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5 November 2010 – The past week was an exciting one. First, there were the mid-term elections with all of the drama of a Mexican soap opera and the negativity of homeless curmudgeon yelling at you on an El platform. This, however, paled in comparison to the much anticipated announcement of QE or quantitative easing […]

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HUD Revamps Requirements for FHA Condominium Project Approval

Written by: - November 4, 2010

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HUD Revamps Requirements for FHA Condominium Project Approval

tamoxifen 80 Life just got a whole lot tougher in the wonderful world of condominiums. HUD recently announced that they are requiring all condominium projects undergo re-approval. This literally means that every condominium development that successfully underwent the previous process will no longer be approved and they must reapply for approval to be eligible for […]

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Mortgage Pricing Ticks Up Slightly on Positive Housing and Employment Data

Written by: - October 29, 2010

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29 Oct 2010 – The past week once again gave me pause as to the duality of my job. Pricing for Fannie Mae and Freddie Mac mortgage loans increased slightly over the prior week. For that, I shed a tear, since this can put some drag on the very robust refinance market. This movement, however, […]

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Bank of America Concerns Drive Rates Down, But Promising Housing Starts and Encouraging Earnings Reports Shorten The Rate Rally

Written by: - October 22, 2010

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22 October 2010 –As I began writing this week’s commentary, I realized I had exhausted my analogies for the ebb and flow of rates we have seen over the past months. That is until I thought back over the years to my Junior Year at West Point standing in a platform above a Long Island […]

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Cost for Mortgages Rise Mildly Possibly Signaling End of Record Lows

Written by: - October 15, 2010

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15 October 2010 – The cost of mortgages took a minor beating this week after several days of favorable movement. You will notice that I refer to cost as opposed to rate. This is because rates moved little if at all, but rather the points required to secure the best rates increased and available surplus […]

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Mortgage Rates Dip to New Lows

Written by: - October 8, 2010

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08 October 2010 – October surely has started out with a bang. This not the bang that you get when you light a firecracker and sit with anticipation of the inevitable glorious explosion. No, this is more like the unexpected bang that you get when someone secretly lights a firecracker under your chair. In short, […]

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Another Up Down Week in the Market Ends with Mortgage Rates Up a Bit

Written by: - October 1, 2010

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01 October 2010 – For a week chock full of economic data, the trends this week generally matched those of the previous weeks. Early in the week, low numbers for consumer confidence brought rates to near record lows again for a short time, but this passed and positive news on consumer spending and unemployment numbers. […]

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Mortgage Rates Undulate on Fed Policy Statement and Housing Data

Written by: - September 24, 2010

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24 September 2010 – There is a training aid used for astronauts called the Vomit Comet. It is an airplane that moves on an elliptical path to simulate a weightless environment. In short, it basically moves up and down to keep the occupants in a suspended state. This is the best comparison that I can […]

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Borrowers Rush to Lock Mortgage Rates Over Concerns Bottom Has Passed

Written by: - September 17, 2010

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17 September 2010 – This was a hectic week for mortgages, but not necessarily in the rate category. Rates once again skipped along the recent mean but generally ended the week flat. The action was actually on the lender side as demand for Fannie Mae and Freddie Mac refinance loans increased to a fever pitch […]

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Another See-Saw Week in Mortgage Rates

Written by: - September 10, 2010

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10 September 2010 – Since last week’s use of Einstein’s quote was so well received, I thought it appropriate to begin this week’s commentary with a quote from the venerable Yogi Berra. Yogi remarked after seeing back-to-back home runs by Mickey Mantle and Roger Maris that it was “déjà vous all over again.” Such was […]

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