southwest florida: Meet the NEW and IMPROVED "Good Faith Estimate" - 10/31/09 10:41 AM
There's a new sheriff in town, actually it's the same old sheriff attempting to flex his/her muscles, if he/she has any.
The US Department of Housing and Urban Development has been working on a new GFE (Good Faith Estimate) for over a year, maybe closer to two and beginning Jan. 1, … (6 comments)
southwest florida: No, I Can't Quote You a Rate! - 10/29/09 04:59 AM
I just got a new "rate sheet supplement" for adjustments and fees. I wish you could see these things. You'd really be surprised that a Loan Officer can accurately quote rates at all. Take a look at this, it's for FHA/VA Loans;
Loan Size
$90,000-$417,000 no adjustment
$60,000-$89,999 subtract .125 from … (4 comments)
southwest florida: Warning! Warning! the end is near! - 10/25/09 08:58 AM
Barring a change or extension of the statue, the tax credit will soon cease to exist, as of the last day of Novemeber. With the implementation of HVCC (Home Valuation Code of Conduct) and MDIA (Mortgage Disclosure Improvement Act) it has become difficult, but not impossible to close transactions involving financing in … (0 comments)
southwest florida: Why are there no uniform standards for PRE-approval letters? - 10/25/09 07:10 AM
Why? Why? Why? are there no uniform standards for pre-approval letters?
Let's start with do we all agree and/or understand what it is, the old preapproval letter that is. If I have this right, a buyer and their agent are trying to represent to a seller and their agent that the … (10 comments)
southwest florida: Home Valuation Code of Conduct (HVCC), is it working? - 10/24/09 08:50 AM
It's truly amazing how we, in the real estate industry, can adapt to change. I guess a large part of this developed ability is because we have to.
When you mention HVCC to a lender or a Realtor, you'll probably see a scowl on their face, or you may receive a … (6 comments)
southwest florida: 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)
southwest florida: 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)
southwest florida: 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)
southwest florida: 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)
southwest florida: "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)
southwest florida: Beware! of TOXIC Behavior, It's Everywhere! - 09/17/09 09:31 AM
WARNING, WARNING!!!
TOXIC BEHAVIOR is hazardous to your Success!
Toxic behavior by definiton would be a behavior that was/is poisonous.
Boy, that doesn't sound good to me!
Where will you find this you may ask? so that you may avoid it.
Well first, you really need to check out … (2 comments)
southwest florida: Another One of Those, Oh No, OH YES! - 09/10/09 09:18 AM
Every year just like clockwork here it comes. It's time for another birthday. For me it's also a time for reflection and I'd like to share a few thoughts.
On Friday I'll be 75, oops there's that dyslexia thing, I'll really only be 57. As you get older you're allowed to … (8 comments)
southwest florida: Let's Hear it for Port Charlotte, FLA! - 09/09/09 12:34 PM
YEAAAAAAAAAAAAAAAA!!!!!
I hope God doesn't strike me down for using CNN as a source, but in my own defense, it does state that the article comes from the editors of Money Magazine, if that's any better. But so what about the source, this is extremely positive news about Southwest Florida, so … (1 comments)
southwest florida: Slowing Down the Mortgage Process - 09/09/09 07:39 AM
Okay, I've had enough, actually more than enough.
HVCC was tolerable, although ridiculous and unneeded. Let's make sure that we keep those low life loan officers and processors away from the appraisers so that they can do their job.
If this is such a vital requirement why is it not an … (6 comments)
southwest florida: Change that 'TUDE - 09/07/09 09:24 AM
Some blogs are just fun! They generate constructive and intelligent comments, and they make us think. Also, I confess to being
"Mr. Positive"
at least most of the time.
Every now and then someone wants to point out
"the reality of the situation"
Pleeeeeeeeeeeeeeeeeeeease, no not that! You know it's going … (6 comments)
southwest florida: "What's the Rate?" - 08/26/09 10:53 AM
Why is this the first question that potential customers ask? Actually it's quite simple. In most cases they don't know what else to ask.
This use to be a fairly easy question to answer. I'd really only need some basic information such as primary residence or investment property, FHA or VA, … (2 comments)
southwest florida: Introducing "the Worry Free Mortgage" - 12/17/08 10:33 AM
The "Worry Free Mortgage" sounds pretty good, but can there really be such a thing?
Well, I'll let you decide, and remember nothing's perfect, so be nice.
What makes it "worry free" you may ask?
Good Question!
It's basically a first time homebuyers program, but remember in the mortgage business … (2 comments)
southwest florida: The Bailout-Truly ABSURD!!! - 10/04/08 09:08 AM
Webster's
absurd; ridiculous
That's a good fit to describe the bailout.
I'd just like to share a few Tasty Tibits from CNNMoney's "Special Report,"
Bailout:Will it Work?
Just my opinion, but we should have known THIS before we passed a $700 Billion piece of legislation, don't you think?
Get this;
"Financial … (9 comments)
southwest florida: Forced to Listen!!! - 09/30/08 09:08 AM
If the elections weren't so close the bailout would have passed. There's little doubt in my mind.
Fortune reports that calls to Congressional offices are running overwhelmingly against the bailout plan.
Because of the upcoming elections our elected reperesentatives were;
Forced to Listen!
That's if they would like to continue to … (9 comments)
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What's up with this!
;)
;)
