Thu, Mar 12 - 5:00 PM ET Market Wrap: Our benchmark 4.5% mortgage bond rallied for the 2nd consecutive day gaining 22bp to close at $101.19 while the stock market enjoyed its first 3-day rally since Jan. 26-28. The day's news drove both markets higher for different reasons. For bonds, mixed economic news and a successful $11 billion auction in re-opened 30-year Treasury bonds led the way higher. Retail Sales initially weighed on bond prices following a stronger than expected reading of -0.1% in February vs. a consensus estimate for a -0.4% drop. Also, January's Retail Sales were revised to a higher 1.8% gain from an initially reported gain of 1.0%. After factoring out the effect of declining auto sales, Retail Sales had a gain of 0.7% vs. a forecast of 0.2% for February. However, weekly Jobless Claims allowed bonds to recover after showing continuing weakness in the labor market with an increase of 9,000 claims to 654,000. The four-week moving average for those claims increased by 6,750 to 650,000, the highest average in 27 years. Continuing jobless claims jumped by 193,000 to 5.32 million claims with the four-week moving average for these claims climbing by 124,250 to 5.14 million, both record high levels. The $11 billion 30-year auction exceeded expectations with a solid 2.40 bid to cover ratio and a better 46.2% level of foreign buying. In addition to the positive Retail Sales data, the catalyst for stocks was a less than feared cut in GE's credit rating by Standard & Poor's. GE's credit rating was taken down a peg due to problems with GE Financial but investors had feared a worse cut. Hearings before the House Financial Services subcommittee on mark-to-market accounting also lent support to stocks. Congressional leaders threatened to take corrective action if the SEC and Financial Accounting Standards Board (FASB) doesn't get off of their derrieres and enact more flexible accounting guidance. FASB Chairman Robert Herz told committee members that FASB could offer 'guidance in three weeks.' The Dow advanced 239 points to close at 7,169 while the broader S&P 500 Index reclaimed 29 points to end at 750. The NASDAQ Composite Index added 54 points to finish at 1,426.
4:26 PM ET - The NY Fed purchases $27B in MBS from Mar 5 through Mar 11 bringing the total to $217B since the program began.
4:02 PM ET - Don't look now but a three day rally in Stocks are in the books. The Dow is up 237 points at the close. S&P 500 at 750 up nearly 30 points led by surging shares of GE and the financial sector.
3:47 PM ET - Crude ends at $47.03/barrel up $4.70.
I need to hire Residential and Commercial Title Insurance Marketing Representatives. Commissions paid are 20-30% of the Premiums Earned
I am in the need for Residential and Commercial Title Insurance Marketing Representatives in MD, DC, DE, FL, IL, IN, MI, MN, ME, NH, CO, GA, MO, MS, NJ, OH, PA, RI, TN, VA, NY, VT and CT. The commission pay is 20-30% of the title premium earned. We have full and modern technologies to assist you in finding, maintaining, tracking and servicing your clients. This may be the perfect opportunity for anyone that has direct or indirect access to relationships that can generate title insurance for either residential or commercial title insurance needs. We offer full processing, support and accounting of all files at every step of the progress of the order. We close anytime and anywhere. We offer title service needs for all 50 states, but are looking for Marketing Representatives only for the states that are listed. Please contact me directly for a completely confidential conversation and/or interview.
Tue, Feb 17 - 1:52 PM ET U.S. homebuilder sentiment surprisingly rose in February but were still near all-time lows. The NAHB/Wells Fargo Housing Market Index sqeeked out a 1 point gain to 9 from the record low of 8.
12:26 PM ET - Equity markets still under considerable pressure pushing dollars into the safe haven of the debt markets. The Dow is off 285 points while the 4.5% MBS is higher by 44bp.
9:50 AM ET - MBS trading higher as Stocks near low levels hit back in late November. NY Empire Index plummets to record low of -34.65. Treasuries soaring as investors seek safe haven. Oil falling by $2.50 at $35/barrel as demand wanes.
8:15 AM ET - Global stocks drop on continued fears of a worldwide recession will continue. Stock futures plunging here in the U.S. Treasuries advance the most in a week as investors seek safe havens. Oil falls to $36.61/barrel down 88 cents. MBS not yet open.
All I hear about these days are different title companies offering leads. Leads seem to be everywhere all of a sudden. Public records, triggers, exclusive, live transfer, Internet, valuation, etc. The list of leads that is available is long, so why are there so many loan officers, real estate agents and title representatives hurting for business???? It's easy. It's one word.
CONVERSION
What if I could help you take your next 100 leads (that you may have paid 25 cents to 25 dollars) and find 3 more loans in there? How much is that worth to you? What would you do to make an extra $6,000 to $12,000 this month?
I do not have anything other than a proven rate of contact and conversion that I would like to share with you.
I work for Assembly Title, LLC in Hainesport NJ. I would love to show you what I am talking about. After a 5 minute conversation and a few answers, we can decide if a meeting is the next step. Here are a couple of the questions that I usually cover:
1. What is the name of your Lead Management System?
2. What is your current conversion ratio?
3. What is your system of incubating all of the leads that you receive?
I do not sell anything (for those that may think so), but I do enjoy building and helping people, as part of the relationship process.
If you are not converting 10% of your leads that you receive, or if you are looking to have a serious conversation with a Title Company that will actually help you FIND business, not just TAKE orders, let me know.
We are near all of the major cities in Southern New Jersey. We are within miles of the following towns and cities in New Jersey
Aberdeen Absecon Alexandria Allamuchy Allendale Allenhurst Allentown Alloway Alpha Alpine Andover Andover Asbury Park Atlantic City Atlantic Highlands Audubon Audubon Park Avalon Avon-by-the-Sea Barnegat Barnegat Light Barrington Bass River Bay Head Bayonne Beach Haven Beachwood Bedminster Belleville Bellmawr Belmar Belvidere Bergenfield Berkeley Berkeley Heights Berlin Berlin Bernards Bernardsville Bethlehem Beverly Blairstown Bloomfield Bloomingdale Bloomsbury Bogota Boonton Boonton Bordentown Bordentown Bound Brook Bradley Beach Branchburg Branchville Brick Bridgeton Bridgewater Brielle Brigantine Brooklawn Buena Buena Vista Burlington Butler Byram Caldwell Califon Camden Cape May Cape May Point Carlstadt Carneys Point Carteret Cedar Grove Chatham Chatham Cherry Hill Chesilhurst Chester Chester Chesterfield Cinnaminson Clark Clayton Clementon Cliffside Park Clifton Clinton Clinton Closter Collingswood Colts Neck Commercial Corbin City Cranbury Cranford Cresskill Deal Deerfield Delanco Delran Demarest Dennis Denville Deptford Dover Downe Dumont Dunellen Eagleswood East Amwell East Brunswick East Greenwich East Hanover East Newark East Orange East Rutherford East Windsor Eastampton Eatontown Edgewater Edgewater Park Edison Egg Harbor Egg Harbor City Elizabeth Elk Elmer Elmwood Park Elsinboro Emerson Englewood Englewood Cliffs Englishtown Essex Fells Estell Manor Evesham Ewing Fair Haven Fair Lawn Fairfield Fairfield Fairview Fanwood Far Hills Farmingdale Fieldsboro Flemington Florence Florham Park Folsom Fort Lee Frankford Franklin Franklin Franklin Franklin Franklin Franklin Lakes Fredon Freehold Freehold Frelinghuysen Frenchtown Galloway Garfield Garwood Gibbsboro Glassboro Glen Gardner Glen Ridge Borough Glen Rock Gloucester Gloucester City Green Green Brook Greenwich Greenwich Greenwich Guttenberg Hackensack Hackettstown Haddon Haddon Heights Haddonfield Hainesport Haledon Hamburg Hamilton Hamilton Hammonton Hampton Hampton Hanover Harding Hardwick Hardyston Harmony Harrington Park Harrison Harrison Harvey Cedars Hasbrouck Heights Haworth Hawthorne Hazlet Helmetta Hi-Nella High Bridge Highland Park Highlands Hightstown Hillsborough Hillsdale Hillside Ho-Ho-Kus Hoboken Holland Holmdel Hopatcong Hope Hopewell Hopewell Hopewell Howell Independence Interlaken Irvington Island Heights Jackson Jamesburg Jefferson Jersey City Keansburg Kearny Kenilworth Keyport Kingwood Kinnelon Knowlton Lacey Lafayette Lake Como Lakehurst Lakewood Lambertville Laurel Springs Lavallette Lawnside Lawrence Lawrence Lebanon Lebanon Leonia Liberty Lincoln Park Linden Lindenwold Linwood Little Egg Harbor Little Falls Little Ferry Little Silver Livingston Loch Arbour Lodi Logan Long Beach Long Branch Long Hill Longport Lopatcong Lower Lower Alloways Creek Lumberton Lyndhurst Madison Magnolia Mahwah Manalapan Manasquan Manchester Mannington Mansfield Mansfield Mantoloking Mantua Manville Maple Shade Maplewood Margate City Marlboro Matawan Maurice River Maywood Medford Medford Lakes Mendham Mendham Merchantville Metuchen Middle Middlesex Middletown Midland Park Milford Millburn Millstone Millstone Milltown Millville Mine Hill Monmouth Beach Monroe Monroe Montague Montclair Montgomery Montvale Montville Moonachie Moorestown Morris Morris Plains Morristown Mount Arlington Mount Ephraim Mount Holly Mount Laurel Mount Olive Mountain Lakes Mountainside Mullica National Park Neptune Neptune City Netcong New Hanover New Milford New Providence Newark Newfield Newton North Arlington North Bergen North Brunswick North Caldwell North Haledon North Hanover North Plainfield North Wildwood Northfield Northvale Norwood Nutley Oakland Oaklyn Ocean Ocean Ocean City Ocean Gate Oceanport Ogdensburg Old Bridge Old Tappan Oldmans Oradell Orange Oxford Palisades Park Palmyra Paramus Park Ridge Parsippany-Troy Hills Passaic Paterson Paulsboro Peapack-Gladstone Pemberton Pemberton Pennington Penns Grove Pennsauken Pennsville Pequannock Perth Amboy Phillipsburg Pilesgrove Pine Beach Pine Hill Pine Valley Piscataway Pitman Pittsgrove Plainfield Plainsboro Pleasantville Plumsted Pohatcong Point Pleasant Point Pleasant Beach Pompton Lakes Port Republic Princeton Princeton Prospect Park Quinton Rahway Ramsey Randolph Raritan Raritan Readington Red Bank Ridgefield Ridgefield Park Ridgewood Ringwood River Edge River Vale Riverdale Riverside Riverton Robbinsville Rochelle Park Rockaway Rockaway Rockleigh Rocky Hill Roosevelt Roseland Roselle Roselle Park Roxbury Rumson Runnemede Rutherford Saddle Brook Saddle River Sandyston Sayreville Scotch Plains Sea Bright Sea Girt Sea Isle City Seaside Heights Seaside Park Secaucus Shamong Shiloh Ship Bottom Shrewsbury Shrewsbury Somerdale Somers Point Somerville South Amboy South Bound Brook South Brunswick South Hackensack South Harrison South Orange Village South Plainfield South River South Toms River Southampton Sparta Spotswood Spring Lake Spring Lake Heights Springfield Springfield Stafford Stanhope Stillwater Stockton Stone Harbor Stow Creek Stratford Summit Surf City Sussex Swedesboro Tabernacle Tavistock Teaneck Tenafly Teterboro Tewksbury Tinton Falls Toms River Totowa Trenton Tuckerton Union Union Union Beach Union City Upper Upper Deerfield Upper Freehold Upper Pittsgrove Upper Saddle River Ventnor City Vernon Verona Victory Gardens Vineland Voorhees Waldwick Wall Wallington Walpack Wanaque Wantage Warren Watchung Waterford Wayne Weehawken Wenonah West Amwell West Caldwell West Cape May West Deptford West Long Branch West Milford West Orange West Wildwood West Windsor Westampton Westfield Westville Westwood Weymouth Wharton White Wildwood Wildwood Crest Willingboro Winfield Winslow Wood-Ridge Woodbine Woodbridge Woodbury Woodbury Heights Woodcliff Lake Woodland Woodland Park Woodlynne Woodstown Woolwich Wrightstown Wyckoff
We cover the following counties for business as well:
Warren Union Sussex Somerset Salem Passaic Ocean Morris Monmouth Middlesex Mercer Hunterdon Hudson Gloucester Essex Cumberland Cape May Camden Burlington Bergen Atlantic
So while I am planning out my strategies for making Assembly Title LLC stand out in the "Brotherhood" of the Title Industry, I am faced with the same questions that I always train my Sales-People on. What makes you different? What are you possibly going to say that is going to make you different than the next Sales-Person?
Is it your charm, your good looks, your "Connections", your leads, your systems???? Or is it supposed to be about something else?
Since 1987, I have been professionally involved in the Banking/Insurance/Finance/Technology/Sales fields. This calculates up to a whopping 8030 days (approximately.) Now as I calculated that up, I started thinking, in 8030 days, what is it that I say that makes me different when someone says, "What do you do for a living?" or "Title Insurance eh? WOW, you guys must be getting killed. How are your doing with that?" The answer has always been clear to me, no matter what my job or position. The answer is:
I am different, because my answer changes depending on who I am speaking to."
How many times do you answer the same question, the same way to different people? What makes you think that there is a "One Answer Fits All" answer? Stop and take the time to do what every successful person does. This would be called LISTENING.
The person asking the question has the power in the conversation. (If you disagree, please stop reading, because you will not understand the rest of this post.) It is the answers that direct the conversation. It is the answers that give the Questioner the ability to find out if there is even an audience. Let me give you an example:
Sales Person "A"
My company, Assembly Title LLC in Hainesport New Jersey, provides title insurance services to anyone in need for all 50 states. BIG WHOOP. So can so many other companies. But wait, I can give your client the BEST customer experience, and close anywhere ~ anytime. And give free coffee and donuts and gift baskets and pens.....(hopefully you get where I am going.)
Sales Person "B"
Now what if I told you that in my hands, I hold a Basket of Goods and Services that can accomplish anything that you need to help your business? What if all I needed to hear was what it is you need for your business? Once I LISTEN to what you need, I can help. What if I GUARANTEED that I could help, just tell me what you need and lets talk.
Which Sales Person would you honestly want to spend time with? A person who drones on about how great they are, or with a person who listens to your concerns and needs. Naturally you are saying, Sales-Person "B", because they LISTENED. The kicker here is that if Sales-Person "B" can not personally come through and deliver insightful, meaningful, and direct information, then there really is no way for a Sales-Person to have that kind of a conversation, or become Sales-Person "B". So how many times does Sales-Person "A" call you and ask you for business, or WORSE, how much business are you giving to Sales-Person "A", because you do not have an alternative?
The GREAT news is that Sales-Person "B" is me, Larry Bailey. The experience in the industries that I have, has given me the best ability to know what questions to ask you, and HAVE the answers to help. Whether you need help with finding better lead sources (Internet and Traditional), better lead management solutions (Technical and Non-Technical), better Originators and Mortgage Companies (I deal with many and know who is closing deals and who is not), or just need to have someone to bounce ideas off of, to make sure that your ideas make sense.
I can help you with your business, whether you are a "one-person" branch, or you have a group of 20 and are finding it impossible to manage things because you don't have someone like me in your staff. It all starts with a conversation. I know that you need someone to help with something, let me know what it is.
You can find out more about me by calling me or viewing any of the sites that I post to. My "resume" of experience and testimonials is on Linkedin. If you don't know what that is or where to find it, here is the link http://www.linkedin.com/in/larrybailey
I look forward to us speaking and more importantly to me LISTENING to what you need help with.
Fri, Feb 13 - 4:24 PM ET Market Wrap: Our benchmark 4.5% FNMA bond struggled with a lower volume holiday trading day and lost 28bp to close at $100.62. Traders didn't have much to focus on other than to watch the progress of the 'Financial Stability Plan' in Congress. The $787 billion bill passed the House by a partisan vote of 246 to 183 just after the bond market closed. No Republicans voted for the massive spending measure and the Senate is expected to vote on the bill this evening. The day's only economic report saw consumer confidence eroding in February with a reading of 56.2 vs. a consensus of 61.5. The expectations index, which predicts the direction of consumer spending six months from now, fell to 49.1 from 57.8 in January, the lowest it has been since 1980. However, the current conditions index, which measures consumer perceptions of their financial situation and whether it is a good time to buy big ticket items like cars, edged higher to 67.1 from 66.5. J.P. Morgan said they would temporarily suspend foreclosures for at least three weeks while Citigroup said it would suspend foreclosures until a Treasury plan is finalized to restructure troubled mortgages. The stock market also had a lackluster day with the Dow losing 82 points to close at 7,850. The broader S&P 500 Index lost 8 points to end at 826 while the NASDAQ Composite Index fell 7 points to close at 1,534.
1:39 PM ET - Oil gushes higher to $38/barrel up $4. MBS trolling near lows of the day. Stocks also trading lower after a profit warning from Lloyds of London hits the financials.
12:00 PM ET - JPMorgan halts new mortgage foreclosures. Will not out new mortgages into foreclosure for 3 weeks. Believes 3 weeks adequate for Treasury to announce a new mortgage modification plan. MBS trade back to flat and will close at 2:00pm ET. Stocks lower and will close normal time today at 4:00pm ET.
10:11 AM ET - Consumer Sentiment slightly lower at 56.2 vs estimates of 60.2. MBS trading near session lows. Stocks near unchanged.
8:40 AM ET - Year-to-date the Fed purchases nearly $115B in MBS as reported yesterday. MBS flat, while Stock Futures slightly lower. Oil at $34.72/barrel up 75 cents.
Fri, Feb 13 - 4:24 PM ET Market Wrap: Our benchmark 4.5% FNMA bond struggled with a lower volume holiday trading day and lost 28bp to close at $100.62. Traders didn't have much to focus on other than to watch the progress of the 'Financial Stability Plan' in Congress. The $787 billion bill passed the House by a partisan vote of 246 to 183 just after the bond market closed. No Republicans voted for the massive spending measure and the Senate is expected to vote on the bill this evening. The day's only economic report saw consumer confidence eroding in February with a reading of 56.2 vs. a consensus of 61.5. The expectations index, which predicts the direction of consumer spending six months from now, fell to 49.1 from 57.8 in January, the lowest it has been since 1980. However, the current conditions index, which measures consumer perceptions of their financial situation and whether it is a good time to buy big ticket items like cars, edged higher to 67.1 from 66.5. J.P. Morgan said they would temporarily suspend foreclosures for at least three weeks while Citigroup said it would suspend foreclosures until a Treasury plan is finalized to restructure troubled mortgages. The stock market also had a lackluster day with the Dow losing 82 points to close at 7,850. The broader S&P 500 Index lost 8 points to end at 826 while the NASDAQ Composite Index fell 7 points to close at 1,534.
1:39 PM ET - Oil gushes higher to $38/barrel up $4. MBS trolling near lows of the day. Stocks also trading lower after a profit warning from Lloyds of London hits the financials.
12:00 PM ET - JPMorgan halts new mortgage foreclosures. Will not out new mortgages into foreclosure for 3 weeks. Believes 3 weeks adequate for Treasury to announce a new mortgage modification plan. MBS trade back to flat and will close at 2:00pm ET. Stocks lower and will close normal time today at 4:00pm ET.
10:11 AM ET - Consumer Sentiment slightly lower at 56.2 vs estimates of 60.2. MBS trading near session lows. Stocks near unchanged.
8:40 AM ET - Year-to-date the Fed purchases nearly $115B in MBS as reported yesterday. MBS flat, while Stock Futures slightly lower. Oil at $34.72/barrel up 75 cents.
Fri, Feb 13 - 12:00 PM ET JPMorgan halts new mortgage foreclosures. Will not out new mortgages into foreclosure for 3 weeks. Believes 3 weeks adequate for Treasury to announce a new mortgage modification plan. MBS trade back to flat and will close at 2:00pm ET. Stocks lower and will close normal time today at 4:00pm ET.
Bond prices are trading lower so far today on this shortened holiday session that will see the Bond markets close at 2:00pm ET. On Monday, President's Day, both the Stock and Bond markets will be closed. Market action could be choppy today, as Wall Street starts to clear out early for the three day weekend. Our next Daily Update will be on Tuesday February 17.
Stock markets were plunging yesterday, but rallied at the close to near unchanged after Reuters reported that the Obama administration is trying to hammer out a new program to subsidize mortgages to fight the credit crisis. The plan would seek to help homeowners before they fall into arrears on their loans. Current programs only assist borrowers that are already delinquent. There are no details yet on this plan.
The current $789B stimulus bill is expected to be passed today by Congress and be on President Obama's desk to sign into law this weekend. Stocks remain under pressure as many investors feel the plan will take some time before it has an impact on the economy.
Here are some of the details regarding the tax credit that have been released so far - The tax credit has been scaled down to $8,000 from $15,000, or 10% of the value of the home for any first time homebuyers who purchase homes from the start of the year until the end of November. It starts phasing out for couples with incomes above $150,000 and single filers with incomes above $75,000. Buyers will have to repay the credit if they sell their homes within three years. More details are to come, and we will be sharing with you the impact of the stimulus plan once we go through the final version that is signed into law.
Yesterday, the NY Fed reported they purchased $23.2B in Mortgage Backed Securities from February 5 through February 11, bringing the year-to-date total to almost $115B.
Consumer Sentiment (unsurprisingly) came in a bit gloomier than had been expected, showing a reading of 56.2 where 60.2 had been anticipated.
Mortgage Bonds are again facing a dual layer of resistance, which will make any meaningful gains difficult. And Stocks are due for a relief rally from very oversold levels, which is also adding pressure to Bonds. Because of these factors, a bias towards Locking continues to appear to be the smart strategy.
Assembly Title, LLC is a breath of “Fresh-Air” in the title business. There are many reasons why I am proud to have joined Assembly Title, LLC.
One of them is that we make sure that your clients are treated in the highest regard. We strive to make sure that they are constantly reminded that you are the reason why this transaction is happening, and we are here, as agents, to ensure an outstanding experience with a timely closing.
Another reason is that the owner, Ted Costa, has owned a title company since 1986. With him as a highly experienced Attorney, we can help you and all of your clients by leveraging his skills, experiences, and expertise in whatever way necessary to get your deal closed.
Just one more reason is that I am able to directly control the entire Marketing and Sales Departments of the Company. This means that I can finally help anyone, who is interested in help, with their needs for better Marketing Support, Sales Support, Lead Generation and the MOST important issue…LEAD CONVERSION. You can buy leads from any source you want. The costs can range from 5 cents per lead to as much as 35 dollars per lead. The reality is that if you are not converting them, the cost is always too high. Ask me how to create the BEST PRACTICES for the BEST CONVERSION RATES.
All if takes for us to connect is a phone call, email, text message or any other form of communication to let me know that you are tired of your current title relationship always taking, and not giving. As an active member of BNI (Marlton Regional Chapter of NJ), you can rest assured that I follow the ideal very closely. That ideal is “GIVERS GAIN.”
Contact me for more information anytime.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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