‘The Mortgage Professor’ Jack Guttentag Dies Peacefully at 100
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Jack Guttentag — an economist, professor of finance and shopper advocate higher recognized to his many readers through the years as “the mortgage professor” — has died on the age of 100.
A former Inman contributor, Guttentag “remained sharp to the top” and continued researching and writing about mortgages till passing away peacefully on Feb. 6, his longtime good friend and colleague Allan Redstone told the Wharton College of the College of Pennsylvania.
Guttentag joined the faculty on the Wharton College in 1962, after serving within the Military as an artillery spotter in World Struggle II, incomes a grasp’s and doctorate in economics at Columbia College, and serving as chief of the home analysis division on the Federal Reserve Financial institution of New York.
Upon retiring from the Wharton College after greater than three a long time of instructing, Guttentag launched a second profession because the mortgage professor, which included a nationally syndicated newspaper column, a web site, and the Upfront Mortgage Brokers Affiliation — a nonprofit group that linked shoppers to mortgage brokers who agreed to be clear about their charges, and act in the very best pursuits of the borrower.
Along with writing his newspaper column and articles for his Mortgage Professor website, Guttentag was the managing editor of the Journal of Finance within the Seventies and Housing Finance Evaluation within the Nineteen Eighties, and the writer of The Pocket Mortgage Information and The Mortgage Encyclopedia.
Whereas nonetheless a college member at Wharton, in 1985 he fashioned GHR Methods Inc. with colleague Gerald Hurst , a nationwide digital community that lenders use to ship complicated mortgage data to mortgage officers and shoppers.
He additionally served as a advisor to authorities companies and personal monetary establishments together with the Division of Housing and City Growth, USAID, Freddie Mac, Citicorp, Dominion Bancshares, the World Financial institution and J.P. Morgan Securities.
Guttentag’s curiosity in reverse mortgages as a useful resource for seniors led him to staff with Redstone to develop a Retirement Funds Integrator that went dwell in 2021, a instrument designed to assist retirees mix three sources of retirement earnings: equities, annuities and HECM reverse mortgages
“He was scrupulously trustworthy and had the very best degree of integrity of any particular person I ever met,” Redstone instructed The Wharton College. “If he thought a coverage subject was detrimental, he was utterly unabashed about laying it on the market. He developed what he thought was the suitable reply, and he would doggedly pursue it.”
Guttentag is survived by sons Adam, a radiologist and professor at Vanderbilt College Medical Heart; Invoice, a movie director and lecturer at Stanford Graduate College of Enterprise; their spouses, grandchildren and a great-grandson. He was preceded in dying by his spouse Doris Guttentag, who died in 2017 on the age of 90.
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