Interesting non-scientific test with new mortgage recruits - 09/28/06 01:56 PM
I've been in charge of training new loan officers for the past year. It's been both rewarding and frustrating at times. I've noticed that each new recruit comes in with unique reasons why they want to be mortgage professionals( I use that word lightly). I've noticed one basic ingredient that if … (9 comments)
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Housing market corrections may be temporary - 09/14/06 11:16 AM
I'm not an expert in regards to financial markets, but I keep a pretty close eye on inflation, oil prices, and the bond market. I've listened to experts in this field like Barry Habib, and subscribe to several online services. In the market I compete in we're actually doing better then … (0 comments)
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APR Reform is needed - 09/13/06 02:06 AM
As a mortgage professional, my job is to provide my clients disclosures on what the true cost of borrowing money is going to be. In other words, we are supposed to hand out government required disclosures that will tell a borrower the whole truth and nothing but the truth.
Yeah...RIGHT! The truth … (6 comments)
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Remembering 9/11 - 09/11/06 06:59 PM
My son was born in 2001, and today was a sombering reminder of the future that my lie ahead. Sorry to get alittle political, but it makes me happier but worries me as well that we've made progress in the War on Terror, but we're also farther from ending it as … (0 comments)
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Cash flow loans, are they dangerous - 09/11/06 06:38 PM
If your from the California market you've probably know more then anyone in regards to how to sell a "cash flow" or "option" loan. You know, the loans with the four different options each month. In Utah, (we're really conservative), we've been taught that a mortgage is a necesasry evil, and … (1 comments)
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Hard money equals hard headaches - 09/09/06 01:15 AM
Anyone who's been through a hard money transaction may know what I'm talking about. It's a whole new ball game then normal residential lending. Especially when it involves a purchase deadline. I have a guy buying a "big" home. His scores are 30 points to low, but he got himself into a … (5 comments)
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Game Plan ? Do you have one? - 09/07/06 12:36 PM
I'm selling my home right now through a realtor that I trust. She and her partner are actually related to one of my partners, so I know what is going on allot of the time. She's a pretty decent producer, but I did notice some things that I brought up with … (0 comments)
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Am I in control - 09/07/06 11:47 AM
I don't know if this will strike a chord in most of you, but it hit me this morning how hard we struggle to control our time, our lives, our weight, or job. The problem is that I often feel that I'm one of those greyhound dog's in one of those … (2 comments)
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Can Loan Officers be considered independent contractors - 09/06/06 11:11 AM
The debate rages on in Utah regarding the status of loan officers. For those who are unaware, Utah's real estate department and legislative body have concluded three years of the most stringent laws regarding mortgage professionals. The big debate like other area's of the country center around the ability of a … (3 comments)
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Missed Fortune Summit - 09/01/06 05:35 PM
If your in the intermountain west or west coast, don't miss the Missed Fortune Summit!
I've been able to derive a number of idea's from these events. Doug Andrews team has brought together a number of great speakers and it looks like a blast. I'm bringing down a number of my associates … (2 comments)
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Rest and Recuperation - 09/01/06 05:30 PM
Now a fun subject that I get to actually participate in this weekend. REST AND RECUPERATION. Tomorrow will be the offical first saturday of college football season!! Yes, I am a football junkie! My favorite college team is the Brigham Young University Cougars. They play the University of Arizona Wildcats, and … (3 comments)
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