I live in Florida-ranked #1 for Mortgage Fraud-SHAME on Us! - 04/30/10 06:59 AM
I moved to florida in 1992 and have resided here for all but 3 years since, those being the go, go years. Apparently the go, go years didn't just mean that the market was moving at an incredible pace, to many it meant
Anything Does!
This must STOP! NOW!
MARI, the Mortgage Asset Research Institute, ranks Florida as the #1 state for mortgage fraud.
Shame on us!
To those of us that live in Florida, let me state the obvious;
We need to do something about this, right now!
So, you've been wondering why lenders have been overdocumenting your loans, overscrutinizing … (0 comments)

True Confessions of a Loan Officer-"I did it" - 04/27/10 01:25 PM
Okay, this has been bothering me for a long time now and it's gotten to the point where I can't sleep at night, so I've just got to confess, I mean it's time to;
Man Up!
You know all those crazy conditions that you and your borrowers have to deal with, well they're
My Fault!
You'd think that after 30 years, that's right I've been in this business for 30 years, so you'd think that I'd know how to take a complete mortgage application, but I don't.
I mean I ask for, up front;
the last 2 years of tax returns (all … (3 comments)

Qualifyable Income, What is it? - 04/22/10 06:50 AM
This seems like a very easy question, and maybe it actually is. It seems to me though, as a loan officer, that this has changed over the most recent years, but may actually be more clearly defined than in the past.
Why, because of the expanded use of the 4506-t.
The 4506-t is a document that underwriters request from the IRS which outlines, or is a transcript, of your tax returns. It does not contain all of the information on your returns, but is accepted as an adequete picture for underwriting purposes. here's a little hint;
If your income is … (3 comments)

STOP being sooooo Angry! It's just not good for you. - 04/14/10 08:56 AM
STOP!
STOP IT!!!
Right NOW!
Stop being sooooooooo angry, it's not healthy!
Okay, the bailouts really got our dander up. Personally I didn't like them one bit. BUT, the banking industry, which looked like it was falling apart, in most cases looks healthy, and profitable. AIG, yuck; Detroit automakers, there's problems there. Let's keep working on the solutions.
What about the Banks! They just p--- me off!
You too, right? Well this is our country and our system. If you don't like Bank of America, stop doing business with them. Close all of your accounts. Encourage your family, friends, associates, neighbors, … (7 comments)

Are you Hunting or Fishing? - 04/08/10 07:29 AM
I was listening to Darren Hardy and Chris Widener discussing leadership this morning. I like to start out the day with a cup of positive, along with my coffee.
One of the topics was are you a "hunting" or "fishing" for your clients. How do you develop your business?
A hunter is aggressive, armed & dangerous, but the "hunted" run away from him/her.
Do your clients run away from you?
Do you think potential clients like being hunted?
The fisherman selects the right bait, and the fish come to him/her.
The fish are attracted to the fisherman, they want to be fed.
… (5 comments)

The Dow flirts with 11,000. What does it mean to us? - 04/06/10 08:21 AM
Okay, I'm not an economist, although I do have a business degree from a very reputable institution, and I have been involved with financial institutions for over 30 years. So what does that mean, I'm a novice plus, a layman? You decide.
11,000
Nice number, is it truly significant, or just psychological?
Both?
I'm in the mortgage industry, the real estate markets, what's it mean to me? a couple of things come to mind.
The economy's stronger? I think so. Investors confidence is increasing? yup.
Will we slide past 11,000, or will we BUST down the door?
Look out, cause we … (4 comments)

"GIGO" Garbage In, Garbage Out-It's not just for computers! - 04/06/10 07:15 AM
Garbage In, Garbage Out
Garbage In, Garbage Out
We all think that computers are just so smart, they aren't. If you put
Garbage In
You get
Garbage Out!
You know what's coming next, don't you?
YOU act exactly the same!
If you continually fill yourself with garbage and/or you constantly put negative and hurtful information into your system, what do you expect to happen?
You develop your habits, and you become your habits.
If you start your day and continue to fill your day with negative information, if you surround yourself with naysayers, and "doom and gloomers," what do you … (2 comments)

Veterans, Give this some serious thought! - 04/04/10 05:38 PM
ATTENTION!
Veterans in Cape Coral, Fort Myers, Lehigh Acres, San Carlos Park, Estero, Bonita Springs, and Collier County
Give this some serious thought!
Despite all of the changes going on in the mortgage industry today you may still acquire
100% financing-That's no $$$$$ down.
The seller is still allowed to
Pay your closing costs.
And if you are under contract by the end of April and qualify for the Homebuyers Tax Credit the government will
Cut YOU a check!!!
For either, in most cases $8,000 or $6,500.
How often does that happen?
Rates are great!  Prices are fantastic!
Warning!
Do not … (2 comments)

Whether You like it or not, things are getting Better! - 04/04/10 08:48 AM
Bring on the naysayers. They don't have a leg to stand on, on this one.
Things are getting better!
Yup, it's true, period.
let's check good olde Webster's
better;  improved.  
better off;  in better circumstances
Bloomberg.com, April 2nd, Timothy Homan reports;
"employment in the US increased in March by the most in three years."
That has to be considered as being "better!"
You want more?
"Caterpillar is among companies adding staff, indicating the recovery which began in the second half of 2009 is starting to foster the job gains needed to lift consumer spending and sustain the economic expansion."
Economic expansion
… (8 comments)

 


Listings

Links

Archives

RSS 2.0 Feed for this blog