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mortgage companies: TARP, HARP, CARP & Kissing your Sister! - 06/30/09 09:42 PM
The Troubled Asset Relief Program (TARP) is a program of the United States government to purchase assets and equity from financial institutions in order to strengthen its financial sector. It is the largest component of the government's measures in 2008 to address the subprime mortgage crisis.
Did you know that TARP also stands for Tunnel and Reservoir Plan? The official name of Chicago's Deep Tunnel. This project aims to reduce flooding in the metropolitan Chicago area, and to reduce the harmful effects of flushing raw sewage into Lake Michigan.
Hmmm...sounds like they have alot in common! One flushes cash, and one flushes … (8 comments)
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mortgage companies: Hello Police?? This is Bucky...I've just been HIJACKED! Send help!! - 06/26/09 05:23 PM
I saw this picture and could not resist...sorry...if it is too disturbing for some..please turn away....
Recently, an ugly series of events have been occuring within Active Rain, and other blog sites...and I have heard ALOT of comments about this from agents using Zillow as well. I have come to know this as "HIJACKING SOMEONES BLOG".
Many of us here on AR blog to make ourselves feel better, to provide GREAT CONTENT to other people in our profession, to build relationships, to inform consumers, to get FACTUAL information out about recent events or changes in the industry, and some … (93 comments)
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mortgage companies: Mortgages: SO EASY A CAVEMAN can do them! - 06/17/09 10:41 AM
Apparently, the general consensus amongst many people is that Mortgages are easy to do and that communication solves everything! Well, today I have decided to give everyone a glimpse into my life in the Mortgage business. True enough, maybe the actual MORTGAGE is easy, but it is the "hunting & gathering" that is the problem! I realize that many people can already appreciate that things have become more challenging, but I truly want you to know that I AM NOT A CAVEMAN and it is not easy!
8:08 am, got to office, large coffee.
Turned on computer, checked email, had 38 … (96 comments)
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mortgage companies: 100% & The Basic Steps on getting approved for a Guaranteed USDA loan!....A great loan for Wisconsin! - 05/26/09 09:38 PM
No doubt, USDA loans are a great product! Jason Sardi has blogged about them, I have blogged about them, and many others as well! However, what you MAY NOT KNOW, is the BASIC steps involved when getting approved that will save consumers, Realtors, and even OTHER LENDERS who dont understand this process very well...ALOT of time!
1. Take a COMPLETE application.
2. Pull your OWN credit!
3. IF credit score is above 620 you are golden!
(what that means is express documentation, Ill explain that further later)
4. Fill out the Express Rural Development Approval Form
5. Gather as … (21 comments)
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mortgage companies: "Warning Will Robinson, Warning" - New 4506t Issue concerning Calyx Point! - 05/15/09 11:13 AM
WARNING for All Calyx Point Users!
Just 3 days ago, I had the new rules with the 4506T Request for Tax Transcripts affect my ability to close a loan as well as be efficient! I am upset about it too! I was on the phone with Calyx Point for about an HOUR trying to fix it, and right this minute it STILL is not fixed!
I DID NOT LISTEN TO MY OWN ADVICE!!! Arghhh
Now, I am not upset at Wells Fargo...In fact, I am one of the few probably that LOVES working with Wells Fargo. HOWEVER the issue on … (6 comments)
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mortgage companies: MY FIRST 6 MONTHS WITH AR! Remember, "Rock em Sock em Robots?" - 05/02/09 10:22 PM
Well, after my first 6 months witih Active Rain, I thought I might share my questions, comments, observations, suggestions, problems, antics, and issues that I have encountered in a very short period of time!
So far, my overall impression of ACTIVE RAIN, is that it is a "combination" of 145,000 people all playing "rock em sock em robots". It is BLUE (ego) vs. Red (actual working knowledge). The Mortgage / Realestate Industry has a way of "pitting" people against each other! Good or bad, we have to work smarter not harder, and ALWAYS be open to suggestion and be willing to … (15 comments)
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