This is a followup BLOG from this question I  posted last week.

This BLOG is in regard to this astounding program taking the USA by storm.  It is called a Money Merge Account (MMA). It is a system available to almost any homeowner that will assist them in accelerating the reduction of their mortgage balance rapidly!!

It has been used throughout Europe and Australia for DECADES.

It is a proven financial system and the results are guaranteed by the company who provides it! 

It has been PROVEN and TESTED - Dont believe me - go and LOOK! http://www.youtube.com/watch?v=mbWl1XkvZsc  

I would LOVE to see the results of this GAIN momentum and continue...

If you have nothing positive to WRITE - don't POST it RUINS the Momentum we are trying to gain here...

If you have QUESTIONS... WOW... THEN YOU REALLY MUST BE READY TO LEARN THIS!

Link to original POST -  

 http://activerain.com/action/question/view_question_consumer?question_id=3575&hash=trd1utiMoHpDM

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Location: California
Submitted 09/13/07 05:17 PM

Q. How are you making more money in a slow market, bringing in more clients, and are you using the MMA program yet? I am it is has changed my life, and my family's life... lets network on this and see what change we can make people!

Answer #1
Submitted 09/15/07 01:45 AM

Jill Johnston Access Real Estate homes for sale Real Estate Brokerage Aliso Viejo, CA Contact Me

A. Waht is the MMA program?

Answer #2
Submitted 09/15/07 05:55 AM

America One Mortgage Mortgage Company Sherman Oaks, CA Contact Me

A. MMA is a multi level marketing scam where they sell access to a website for $3500. They have unlicensed agents pretending to be experts in financing. They sell a horrible product and scam people for their money. There is no limit to how low they will go. Ponzi scheme.

Answer #3
Submitted 09/15/07 09:27 PM

Brett Noel (Success Coach / Coaching agents to become Millionaires) Real Estate Trainer Santa Ana, CA Contact Me

A.

THE KEY TO Making a success in todays market is to have systems. If you have no clearly defines systems for success you are going to be out of the business before you know it.

 

Go to my web site at www.Brettnoel.com and get free information to help you increase your business

Answer #4
Submitted 09/17/07 12:18 AM

Andie Depass GRI (Remax Executive ) Real Estate - Other Fremont, CA Contact Me

A.

I recently discovered the MMA opportunity and let me tell you that the consumer is ready for a tool that will help all of us. The use of our hard earn money working for us is a great new concept. I have met people who have use this program and are very happy with it. I represent the program myself with great pride. It is not often that a system comes along that is innovative and help the consumer keep their goal in front of their eyes so they don't loose their aim. I see it as an educational tool, it help us see where our money goes, and in the process help us make better decision on our big purchases.

I have clients rave about this program, it is so nice to call your clients with the result of the analysis. I agree that you can't help everyone, and the ones we can help have wonderful outcomes. It help clients visualize a mortgage free future therefore helping them keeping the end result in sight.

Thank you Brett, for recognizing the value of this program everything you said an much more. I am so grateful to see my clients faces when they see what this program can help them achieve. I am a raving fan myself, want to know more contact me

First of all, let me start by saying - who cares about opinions and viewpoints... when HUGE - SCARY - FACTS are staring at us all in our bright red embarrassed faces like so many deer in headlights.

For those of you who keep track of such things on ml-implode.com -  135 lenders have ceased operations in one way or another since this market meltdown began. This is unprecedented. Let that sink in.  Go speak to the elderly people you know best, who went through the last depression, see if it had a lasting impression on them.  OK - and moving on.

Why did this happen?  go do your research, come to your own conclusion - point the finger wherever you feel appropriate but all most likely are to blame.  Banks? yes!  Brokers? Yes!  Realtors? Yes! Investors? Yes! 

When will it be over? Its over when the investors who back the money in this country say its over.  Bad business practices prevail in a market that is overheated with greed and the prospect of making too-much money.

Will it ever go back to normal? Actually - this is, believe it or not, going back to normal.  What I mean by that is historically speaking the market we are falling out of has been extremely abnormal. Historically low rates... combined with imaginary qualifying...combined with overinflated values... you get the drift.  Looking back on lending practices, it was always normal for a homeowner to put a substantial amount down.  We have had abnormally high percentage of homeowners as well. Do your research.  Even FHA since the 1930s has always required money down, and its system has been succesful and greatly unchanged.  Home values have never before increased as they had.  So it makes sense if you belive in cause and effect - that things in a "system" will normally balance themselves out. Currently home values have never deflated this much since the 1930s.

What to expect?

• Expect inventory times to DOUBLE or MORE.  In a recession people are not making more and more money even though inflation is increasing. Less and less qualified buyers.
• Expect many more foreclosures - many more. We are in the ICEBERG stage with 70-80% still unseen
  
• Expect strict lending guidelines and complete removal of certain loan programs.
• Expect no more stated loans except on low LTV exceptional credit non-first time buyers
• Expect rates to IMPROVE! Rates move the opposite of the economy in most instances, and we have already begun seeing a lowering of rates in certain aspects.
  
• Expect less qualified buyers as credit guidelines tighten, and as credit bureaus adopt new credit scoring models
• Expect less people in the business... I know you're smiling.
• Expect to see more and more associations formed to the benefit of clients
• Expect to see a RIPPLE effect touching nearly every aspect of the economy
  
• Expect to see civil and federal legal action from every angle for years to come.
• Expect people who understand interest rates, lending practices and credit to rule.

What can I do?

1. Learn your job better and better every day.
2. Keep the clients long term goals in the forefront of every transaction. 
   
3. Always be upfront and truthful - You will never have a client complain if you tell them the truth either.
   
4. Learn to keep up with trends and data which may be influential in your clients goals
5. Learn the basics of QUALIFYING - qualifying = being able to afford the property from the lenders viewpoint - all lending is risk-based.  Here is an easy one - ask your client how much they make in a month, add their spouse or other household members.  Divide in half.  That will give you a rough estimate of what maximum they can afford as a monthly payment including all their mortgage payments, property taxes, insurance, credit cards, car payments etc.
6. Learn how to help your client BUILD EQUITY!  EQUITY is king in a declining market.  Everyone should have their mortgage paid off in their lifetime.  HELP them to do this! I will show you how, just contact me.
7. Learn to change - and change quick.  Do not rely on one type of client, one type of business, one specialty.  Ask any subprime "specialist".  Ask anyone who advertised "no crediT? no problem!" "No money down, no job verification!"  Those days are over, if you haven't adapted yet, then you are just waiting for your career to die because it already stopped breathing.
8. LOOK FOR OTHER OPPORTUNITIES!