A market update - 07/30/07 05:41 PM
A stronger than expected GDP number in combination with a benign inflation reading has brought a brief pause to the market rally we have seen this week. Mortgages are currently trading a little off from their highs with Treasuries about flat. The thinking is this is probably just a pause as the general themes that have … (0 comments)
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I ain't got a loan for a Wagon with wheels ............ - 07/30/07 12:21 PM
said the Gypsy lady to Mr. Homebuyer as he plunked down his twenty bucks.
Pull up a chair this might be a long story she said and it is a sad story that has some interesting correlations to the sub prime mess, she sighed. So Mr. Homebuyer pulled up a chair as … (0 comments)
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How is Scuba class like a client??? - 07/30/07 10:09 AM
I had the privilege of helping 4 guys learn to SCUBA dive this weekend and the classes and presentation got me to thinking that there 6 basic steps in all our dealings.First we have the introduction and paperwork. Meeting and greeting, making sure all the waivers are signed (a loan app or … (4 comments)
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Do you remember when you were a Rookie??? - 07/25/07 01:15 PM
All those many days ago when I first got in the housing business a lender rep told me that ever loan application I sent him would be approved. He then said that I might not like some of the conditions. I looked at him a little funny, but one condition would … (5 comments)
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A Gypsy, A Crystal Ball and Arm or fixed loans - 07/23/07 05:22 PM
A home buyer goes to the state fair and he is have a wonderful time as he comes across the Gypsy Lady and her Crystal Ball. Mr. Homebuyer has a brilliant idea, instead of calling a mortgage professional he will seek his answers with the Gypsy Lady and her magical … (15 comments)
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Still pondering a buyers market............... - 07/20/07 08:28 AM
Even after my post of yesterday
http://activerain.com/blogsview/150747/Pondering-a-buyers-market I am still wondering what are the motivations of the sellers in todays market and what are the Realtors asking and advising in this Buyers Market? So I pulled for stats for little ole Montrose Colorado http://www.visitmontrose.net/profile.htm
Population of 13000 in the city limits and … (1 comments)
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Pondering a buyers market.................. - 07/19/07 11:05 AM
Yesterday as I was making my rounds and visiting with Realtors, I heard 2 things that got me to pondering and thinking, which we all know is a dangerous past time. First is the amount of cash buyers in the market. No big deal there right, I am not of the … (3 comments)
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A Contract with the Client....... - 07/16/07 07:30 PM
There is a lot in the blogs and the media about Consumer Rights and protecting the client and even more about what Realtors and clients expect from me as a mortgage broker. Now I promise and provide in writing what you can expect from me. Lets review them here
I will always … (3 comments)
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No Doc once again available in Colorado - 07/16/07 04:36 PM
As I posted 2 weeks ago, the State of Colorado had a knee jerk reaction and "out lawed" NO DOCS
http://activerain.com/blogsview/134411/The-State-of-Colorado
Well after the Colorado Division of Real Estate has issued a position paper that states that it is the responsibility of the Broker to recommend appropriate products after a reasonable inquiry has … (2 comments)
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What is in your credit report? - 07/16/07 04:09 PM
or How to read a credit report...... There are 100's of agencies that we can buy a credit report from and 99% of them are of the same format so I will just highlight the 5 major sections.
Identification. This first section will have your name, social security and other personal information … (8 comments)
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A study guide of FHA Loans - 07/16/07 10:34 AM
I know there has been a lot written about FHA and the advantages, but here is a little study guide that I like to hand out to my Realtors. A lot of Realtors are afraid of FHA so lets try and take some of the mystery out of this wonderful little … (4 comments)
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Let us all stand up and cheer for FHA - 07/12/07 09:04 AM
Yesterday I had an interesting call from a prospective client, one that use to work part time as a loan officer. And during our conversation FHA loans came up and the FIRST THING he siad to me is that he will never do an FHA loan because they are so hard … (5 comments)
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After foreclosure, what is left behind - 07/11/07 03:07 PM
The following link is a sad read, but with all the talk about foreclosures there are a few that are forgotten. The animals and the vacant house. What happens to these pets and homes is sometimes heart breaking and after reading the article, honestly some people shouldn't own a pet. But … (2 comments)
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Are you protecting yourself from Idenity Theft???? - 07/10/07 08:28 AM
I recently attend a seminar on identity theft and thought I might share some of what was a very enlightening discussion. First keep all your private information well PRIVATE. Sounds easy right, but we all have have 250 different passwords. Are yours written down on your desk blotter. After this I went … (6 comments)
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Do you remember the book Dress for Success? - 07/09/07 06:15 PM
I think it was mandatory reading 100 years ago when I was graduating from college. Well I think it is time for it to become mandatory reading again. I interviewed TWO people today and thought ok you are intelligent and have high energy but if this is how you dress then … (6 comments)
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A Rebuttal to a post - 07/05/07 08:50 PM
by Tim Cunningham http://activerain.com/blogsview/139684/Are-mortgage-broker-s . I dare say that there are good and bad Realtors and Mortgage Brokers and Home stagers and Inspectors. There is good and bad in all professions. I have posted the link to his post and I will attempt to copy and past some of his statements … (4 comments)
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Question of the day............ - 07/05/07 01:40 PM
As I posted last week, the State of Colorado has put an end to NO DOC, NINA and other no document loans http://activerain.com/blogsview/134411/The-State-of-Colorado ans most investors have pulled the plug on these loans causing quite the bit of turmoil and havoc in our little world. Changing or trying to change loans … (1 comments)
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Don't you just love politicians.............. - 07/05/07 10:16 AM
This mornings Wall Street Journal has an article on Mortgage Brokers and this quote "The Mortgage brokers are the wild,wild West of mortgage finance" Sen Charles Schumer, a New York Democrat, says. "We need to bring a sheriff to town" . WOW next thing you know is that this guy will run … (9 comments)
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