cape coral: Ch-Ch-Ch-Changes - 10/26/09 12:07 PM
Where's David Bowie when you really need him.
For those of you who remember Bowie the answer would be anywhere, probably on a "Space Odyssey!"
If you're invovled in the Real Estate industry today that's what you're doing, going through an "odyssey."
odyssey; long journey with adventures
Bowie's take on changes;
… (5 comments)
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cape coral: Clearly Defined WRITTEN Goals!!! - 10/19/09 09:23 AM
If you have ever been to a sales seminar or have spoken with, or listened to a sales trainer, or life coach, you have been told, and know that the most successful people in THE business, any business, have;
Clearly Defined WRITTEN Goals!
First question;
Do you have them?
Second question;
… (8 comments)
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cape coral: What's your Preferred Business Method of Communication? - 10/18/09 06:18 AM
I was reading the November issue of "Success Magazine" and came accross the results of a poll asking what method of communication business people preferred or more precisely the question posed was;
What is your preferred method of communication in business?
Good Question!
The results were; drum roll please.
40% email
… (15 comments)
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cape coral: Ya SNOW! Bring it on! - 10/17/09 07:32 AM
Joe says,
We're tough and we can take it. We don't care if it's still October, or maybe we do, Bring it on! we're tough. I've got the snow tires on, the snowblowers purrrin, the shovels ready to go, and salt for the walkway, or not.
Bring it on!
Joe's wife looks … (12 comments)
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cape coral: YSP-Yield Spread Premium in it's simpliest form - 10/16/09 06:59 AM
I always hear a lot of talk about YSP and how it's now going to be outlawed and possibly kill ALL of the mortgage brokerage business. I wonder if most people have any idea what this stuff is that's so terrible.
Here goes.
Two different rates are available to the customer … (9 comments)
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cape coral: Are you ready? Here Comes the SNOWBIRDS! - 10/12/09 08:12 AM
I tried to get a good definition of "Snowbirds," you know something colorful or entertaining, but alas I failed, they were all kinda boring. So I thought why are they called snowbirds, it's not like they fly here. From what I can tell most of them arrive by car. Maybe we … (10 comments)
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cape coral: What's your Walk in the Rain Like? - 10/10/09 06:30 AM
With 161,505 members, and growing daily, I was wondering how many different ways the members used the Rain and what they got from it?
Do you Blog?
If every member Blogged today we would have 161,505 blogs. I don't know what the average number of daily Blogs is, but someone knows. How … (30 comments)
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cape coral: Hey HUD, Help Us Out Here! - 10/09/09 09:54 AM
I just got done reading a post about HUD regs regarding "flipping" and I couldn't help thinking about how this is hurting first time homebuyers in Southwest Florida.
The general purpose of this reg is to prevent unscrupulous investors from buying a property today and selling it for a substantial profit … (5 comments)
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cape coral: STRATEGIC DEFAULT-"I'm Walkin, Not Payin" - 10/09/09 07:41 AM
Way back in February of 2008 I wrote an article entitled "I'm Walkin, Not Payin." Back then that was a fairly new phenomenon. However as time has passed, it has managed to stick around, and now has a real chic label, Strategic Default.
It's basically the same concept as I'm Walkin and Not … (6 comments)
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cape coral: Don't tell me about the labor pains-show me the baby! - 10/08/09 10:48 AM
Isn't reading a wonderful thing, and I must give credit where credit is due.
That quote comes from a book entitled, "Thank God It's Monday," by Roxanne Emmerich. And while I'm less than 25% through the book already, I'd suggest it, as good stuff.
So what was meant. Essentially this comment … (10 comments)
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cape coral: Stopping Mortgage Defaults, The Solution lies in the Past. - 10/08/09 08:38 AM
Very often today when I hear someone complaining about the new restrictive underwriting guidelines, I stop and correct them stating "traditional" not restrictive. That is that the guidelines are closer to what they were when people actually paid us back.
First of all I'd like someone to step up and say … (22 comments)
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cape coral: What does HMDA (Home Mortgage Disclosure Act) really tell us. - 10/07/09 08:59 AM
Have you ever heard of the FFIEC?
That would be, drum roll please, The Federal Financial Institutions Examination Council
Now that sounds like a truly bureaucratic organization doesn't it?
They are an interagency body empowered to prescibe uniform principles, standards, and report forms for the federal examination of financial institutions … (2 comments)
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cape coral: Do ALL Buyers Need Tax Returns? - 10/05/09 10:13 AM
Actually YES!!! they do.
Here's Why.
On almost every file an underwriter is pulling a copy of the borrowers tax returns by using the 4506.
The 4506 is a form signed at the application, by an applicant, which allows an underwriter or investor to pull tax records.
The loan officer would … (10 comments)
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cape coral: Who's Taking Care of OUR Veterans? Anyone? - 10/04/09 09:20 AM
Okay when I logged on today we had 160,841 members. My first thought was I wonder how many of the members are Realtors. My next thought was I wonder how many of these Realtors have ever helped a Veteran use their VA entitlement to purchase a home. And while I am … (2 comments)
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cape coral: President OBama Please Help, Ban Cash Buyers, Now! - 10/01/09 01:03 PM
Mr. President,
We need your help! Please make this a priority. We need you to get legislation passed which will ban cash buyers, unless of course no one else wants to buy the property.
Think about it;
First, you're telling everyone how bad things are and here's all these investors running … (2 comments)
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cape coral: TOO much CASH coming to Cape Coral, Florida !!!!! - 10/01/09 09:20 AM
I keep reading about the perpetuation of DOOM & GLOOM, so I gotta tell you I've got a BIG problem! You see I'm a mortgage loan officer in the Cape Coral area and there's just toooooo many CASH buyers coming into the area.
Let me make this perfectly clear!
Tooooo much … (12 comments)
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cape coral: (RAIN) Power of the People! - 09/28/09 09:35 AM
Reminds me of John Lennon; "Power to the People," I can hear the music and John singing in my head. For some of you, you are just not old enough to remember John singing this. At that time, it was a protest type song.
Well in today's world Active Rain has … (7 comments)
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cape coral: Are Stated Income Programs DEAD.....Forever??? - 09/26/09 12:28 PM
When I first started in the mortgage lending business there was no such thing as a stated income program. The self employed and commission income clients had to live and die on the merits of what their tax returns stated. Quite frankly, I do believe that the underwriters back then did a … (6 comments)
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cape coral: It Ain't a Done Deal, Till it's a Done Deal!!! - 09/22/09 09:34 AM
Once upon a time, in a very far off land (Dover, NH) there was a very young and enthusiastic Loan Officer (me) who was introducing the marketplace, made of of mostly Realtors, to what was referred to as secondary market loans. Back then Fannie Mae, and Freddie Mac were not the … (5 comments)
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cape coral: "RAIN POWER!" It's AWESOME!!!!! - 09/18/09 08:18 AM
Okay, I've read the posts about the power of Active Rain and the google juice, well as they say a picture is worth a thousand words. So, if you've never done this before, Google yourself!
If you've been an active Active Rain blogger than you're going to loooooove the exposure that … (77 comments)
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