refinance: Did you miss the 36 hour Refi Boomlet? - 02/02/08 11:25 AM
Did you miss the 36 hour Refi Boomlet? Did you have a lot of customers complaining because they missed it too? This has happened 3 times in the last 5 months. Don't let it happen again.
How about establishing a "Pre-Pipeline"? Give your past customers an "added value" of joining your Pre-Pipeline. … (13 comments)
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refinance: FHA Streamline Submission Checklist - 02/02/08 11:22 AM
With rates dropping, and expected to continue to drop, we're going to see more demand for FHA Streamlines (non-credit qualifying rate/term refinances of borrowers who currently have an FHA loan).
Below is some general information on them, and a Submission Checklist
Appraisal not required if loan amount does not exceed original … (7 comments)
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refinance: FHA Streamline Submission Checklist - 02/02/08 11:19 AM
With rates dropping, and expected to continue to drop, we're going to see more demand for FHA Streamlines (non-credit qualifying rate/term refinances of borrowers who currently have an FHA loan).
Below is some general information on them, and a Submission Checklist
Appraisal not required if loan amount does not exceed original … (4 comments)
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refinance: U.S. Treasury Notes Advance as Drop in Stocks Increases Demand - 01/26/08 10:16 AM
Treasury notes gained, posting their sixth straight weekly advance, as a decline in stocks fueled concern that the U.S. economy will fall into recession. Traders pushed U.S. government debt to the best start to a year in two decades on speculation the Federal Reserve will cut interest rates by as much … (1 comments)
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refinance: NEW FHA LOAN LIMITS UP TO $730,000!!!! - 01/26/08 10:12 AM
As part of the economic stimulus package being negotiated by House Democratsand the Treasury Department, Fannie and Freddie loan limits will increasedfor one year up to $730,000. The increase will be adjusted for local marketsat 125% of local median home price. The move will significantly improveliquidity and pricing in the jumbo … (8 comments)
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refinance: AWESOME FHA NEWS!!! NEW HIGHER LIMITS!!! - 01/26/08 10:09 AM
As part of the economic stimulus package being negotiated by House Democratsand the Treasury Department, Fannie and Freddie loan limits will increasedfor one year up to $730,000. The increase will be adjusted for local marketsat 125% of local median home price. The move will significantly improveliquidity and pricing in the jumbo … (0 comments)
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refinance: Countrywide New "Soft Market" Policy Changes - 01/26/08 10:07 AM
I recieved this e-mail and thought I'd pass it along...
Looks like teh declining housing market is here to stay for awile....and the lenders know it!
As you are well aware, 2008 is forecasted to be a challenging year for the mortgage industry, characterized by a declining Housing Price Index in a wide … (7 comments)
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refinance: Treasuries Decline as Stimulus Plan Reduces Demand For Debt - 01/24/08 12:35 PM
Treasuries Decline as Stimulus Plan, Stocks Dim Demand for Debt (edit/delete)
Ten-year Treasury notes fell for a second day as gains in stocks drew investors from government debt, pushing yields up from close to the lowest since 2003. Demand for the relative safety of U.S. notes and bonds waned on speculation … (0 comments)
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refinance: Treasuries Decline as Stimulus Plan, Stocks Dim Demand for Debt - 01/24/08 12:31 PM
Ten-year Treasury notes fell for a second day as gains in stocks drew investors from government debt, pushing yields up from close to the lowest since 2003. Demand for the relative safety of U.S. notes and bonds waned on speculation that further cuts in borrowing costs by the Federal Reserve and … (1 comments)
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refinance: Fed Cuts The rate .75 Percentage Point! - 01/22/08 09:08 AM
The Federal Reserve lowered its benchmark interest rate in an emergency move for the first time since 2001 after stock markets tumbled from Hong Kong to London and the U.S. economy showed increasing signs that it's headed into a recession. The central bank cut the target overnight lending rate to 3.5 … (0 comments)
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refinance: Fed Cuts Rate .75 Percentage Point! - 01/22/08 09:06 AM
The Federal Reserve lowered its benchmark interest rate in an emergency move for the first time since 2001 after stock markets tumbled from Hong Kong to London and the U.S. economy showed increasing signs that it's headed into a recession. The central bank cut the target overnight lending rate to 3.5 … (2 comments)
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refinance: Aurora Loan Services-Lehman Brothers...Last Day To Submit. Closing Doors! - 01/18/08 09:03 AM
Well...It's official!
Got the "official e-mail" ... even though corporate actually dropped the bomb yesterday at 10am. My file with them must fund by the 25th. That is the day that my lock expires and there will be NO MORE lock extensions! Today is the last day to submit a new loan … (2 comments)
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refinance: The Rate Cuts Are Coming...The Rate Cuts Are Coming!! - 01/16/08 11:49 AM
Treasuries fell as higher-than- forecast reports on inflation and industrial production may reduce speculation the Federal Reserve will lower borrowing costs by more than a half-percentage point this month. Yields on benchmark 10-year notes were near the lowest level in more than four years. The housing slowdown and losses on securities … (7 comments)
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refinance: Branding Yourself...Give Yourself an Edge! - 01/16/08 11:41 AM
"A brand for a company is like a reputation for a person. You earn reputation by trying to do hardthings well."Jeff Bezos (1964 - ) Founder Amazon.comAmericans are having 3.5 billion brand-related conversations per day. Are they talking about your brand? Are they talking about you? You are a brand!According to … (1 comments)
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refinance: Branding....Giving You The Edge! - 01/16/08 11:40 AM
A brand for a company is like a reputation for a person. You earn reputation by trying to do hardthings well.Americans are having 3.5 billion brand-related conversations per day. Are they talking about your brand? Are they talking about you? You are a brand!According to recent findings <http://m1e.net/c?50136946-BK1jjTsGTvytY%402950489-a.kT247ovJ8Lk> unveiled at the … (0 comments)
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refinance: FNMA EA LEVELS CHANGING TO 620 MINIMUM FICO!! - 01/14/08 10:23 AM
I just recieved an e-mail from one of my lenders (GMAC)....he says that that all FNMA products will be changing as soon as tomorrow!
(from e-mail:)
ALL EA LEVELS AND MY COMMUNITY IS CHANGING TOMORROW, FANNIE IS CHANGING THE MIN FICO TOMORROW, RUN AND LOCK THESE LOANS TODAY. THEY ARE SAYING MIN … (4 comments)
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refinance: FNMA CHANGING TOMORROW TO 620 MID FICO!!! BUYERS "QUALIFIED"?! - 01/14/08 10:22 AM
I just recieved an e-mail from one of my lenders (GMAC)....he says that that all FNMA products will be changing as soon as tomorrow!
(from e-mail:)
ALL EA LEVELS AND MY COMMUNITY IS CHANGING TOMORROW, FANNIE IS CHANGING THE MIN FICO TOMORROW, RUN AND LOCK THESE LOANS TODAY. THEY ARE SAYING MIN … (0 comments)
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refinance: FNMA EA LEVELS ARE CHANGING TO 620 FICO!? REALTORS MUST KNOW! - 01/14/08 10:20 AM
I just recieved an e-mail from one of my lenders (GMAC)....he says that that all FNMA products will be changing as soon as tomorrow!
(from e-mail:)
ALL EA LEVELS AND MY COMMUNITY IS CHANGING TOMORROW, FANNIE IS CHANGING THE MIN FICO TOMORROW, RUN AND LOCK THESE LOANS TODAY. THEY ARE SAYING MIN … (2 comments)
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refinance: Two-Year Treasuries Rise as Bernanke Cites `Downside Risks' - 01/10/08 01:48 PM
Treasury two-year notes rose, pushing yields toward a three-year low, as Federal Reserve Chairman Ben S. Bernanke signaled the central bank may cut borrowing costs this month to offset ``downside risks.''
MAY cut most likely means, WILL cut!
Traders increased bets the central bank will reduce borrowing costs by a half-percentage point … (0 comments)
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refinance: Credit Card New Year's Resolution Ideas - 01/08/08 09:25 AM
Check all of your credit cards that you carry balances on to confirm the current rate. You may be surprised to see that some of these rates are higher than you recall. Remember that credit card rates can be changed very frequently and easily by the issuer, and rarely in your … (1 comments)
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