home loans: Embed This Video - 06/23/08 12:38 PM
Embed This Video
I prefer you did, but it doesn't matter if you do or you don't. The conversation will still happen.
As I was walking into a BBQ the other day, the thought "I wonder what we'll be talking about" zipped across my mind. They all know I'm in the … (7 comments)
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home loans: One post leads to another... - 06/19/08 12:33 PM
Yesterday I listed three reasons why I'll continue to reach out to customers on the internet.
Reading that post prompted my friend and fellow loan officer Tom to twitter me, then call me from halfway across the US. We had a great chat. He doesn't blog, he doesn't video, he … (4 comments)
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home loans: Why work local? So you can see the whites of my eyes! - 06/18/08 10:09 AM
Yesterday I wrote about the three reasons I'll continue to answer quotes on Zillow Mortgage.
3 Reasons I'll keep trying Zillow Mortgage
That post drew some "highly charged" comments from both sides of the fence. (I kind of figured it would hence the Animal House Food Fight image)
Here's … (2 comments)
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home loans: 3 Reasons I'll keep trying Zillow Mortgage - 06/17/08 03:10 PM
Just in case you completely missed it, Zillow Mortgage Marketplace launched on April 2nd 2008 at 9:00 PM Pacific Time. I was there. ZMM offered to bring transparency to the system of borrowing. Right from the start I was a supporter. However, since that day, certain issues have reared their … (46 comments)
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home loans: How NOT to be one of those - 05/27/08 04:44 PM
Bait and Switch Victims
Everyday there is at least one email or phone call from someone who is a victim of bait and switch on their mortgage.
This may come as a surprise to you but I'm okay with the occasional complaint about a loan officer's incompetence screwing up someone's … (4 comments)
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home loans: But I made my payments... - 11/19/07 09:23 AM
File this under "HARD TO BELIEVE" (but true!)
Do you have a Home Equity Line of Credit on your home?
How about on your rental home?
A HELOC can be a great way to tap into your home's equity. A HELOC is based on the Prime Rate. … (16 comments)
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home loans: Why LABOR over LIBOR? - 09/06/07 09:25 AM
Part of what I do is educate clients and readers. The topics range from topical news stories to mortgage planning strategies, to warnings of potential scams and frauds. This last month had the liquidity crisis on the front pages. So naturally, I spent a good deal explaining how lenders sell their pools … (10 comments)
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home loans: I Apologize - 08/21/07 09:35 AM
Yesterday, in the course of accepting a loan application for a new client and their possible refinance I ran into something I had never personally seen before.
In a phone conversation setting up an initial consultation appointment I had started to discus with this new client the various loan options he … (34 comments)
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home loans: The Stockdale Paradox - 08/16/07 08:11 PM
It just occurred to me as I was doing a very normal thing, that it might not actually be "normal".
I have a client that was referred to me by an Agent.
We met last week. I took the loan application and promptly went to an Automated Underwriting Engine. This is a … (21 comments)
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home loans: You Only THINK You Were Approved - 08/02/07 09:39 PM
You better start paying attention. This is not a post about Sub Prime. Sub Prime has it's woes, and it doesn't matter if it's rightfully deserved or not, Sub Prime is in a world all it's own. Or so we thought.
On Monday, trading for a American Home Mortgage, a large … (13 comments)
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home loans: Zillow LOVES Me! - 07/25/07 08:10 PM
Ok, so the truth may be closer to...
Zillow liked something I wrote and decided to feature it.
LINK
Diane Tuman wrote that,
"I spend a lot of time in the Real Estate Guide, editing content, organizing content, and “redirecting” spam when I see it. Lots of similarly-themed titles flow one after … (5 comments)
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home loans: Sometimes Holidays are for Worrying... - 07/03/07 10:39 AM
With the Fourth of July holiday tomorrow I am looking forward to the Parade, the BBQ, and the Fireworks.
Holidays are times for us to slow down, to catch up with the Family, to reconnect with Friends.
Holidays are also times when our busy day to day schedules take … (2 comments)
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home loans: Will This Solve Anything? - 06/22/07 11:41 AM
Or is it just another CYA form from one of my Lenders?
NEW STATED INCOME BORROWER DISCLOSURE REQUIREMENT
Beginning July 2, 2007, a new disclosure requirement will be added on all stated income documentation loans for applications received and loan documents drawn. The disclosure, titled Loan Applicant's Certification for Stated Income Loans, … (3 comments)
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home loans: Of Pools and Puddles... - 06/22/07 11:18 AM
Long term mortgages and the rates and terms they carry are determined by a couple of different factors.While many people mistakenly think the Fed's control mortgage rates they are in fact determined by Mortgage-backed securities (M.B.S.).M.B.S.'s are created by pooling loans and selling bonds with coupons based on the mortgage … (0 comments)
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home loans: Floors & Ceilings - 05/21/07 06:25 PM
I wanted to show an interesting chart as of today.If you are familiar with stocks and stock charts you know that the prices of those stocks tend to fluctuate between specific ranges.Over a period of time it is easy to see what traders call a Floor or a Ceiling.For a stock … (0 comments)
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home loans: Work It Out? - 05/08/07 11:25 AM
I came across what might be a very valuable site for homeowners in trouble.It's called WorkItOut.comI did a little background checking and although the site is in "beta" it is NOT an start up.From the outside it appears to be on the up and up.It was originally registered with Network … (7 comments)
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home loans: The Foreclosure Crunch - 05/07/07 10:14 AM
This is part Three in a Four part series of articles detailing the changing mortgage market.The Foreclosure CrunchThe Foreclosure Crunch is closely related to the LTV Crunch.In fact, both crunches fuel on each other.I would suggest you first read the LTV Crunch before you dive into this easy concept.Now where to … (2 comments)
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home loans: The Credit Crunch - 05/01/07 03:50 PM
You may hear from time to time about the Transparency of Real Estate.There are people and companies marketing this term daily.It refers to the general idea of the borrower or clients ability to see and know what is happening "behind the scenes".I'm all for that!In the broader sense, I like … (3 comments)
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home loans: Should We Bail? (continued) - 04/17/07 01:30 PM
Here is a follow up to my post yesterday titled Should We Bail?
I was reading that Fannie Mae and Freddie Mac are both working on programs designed to keep people from going into foreclosure. At this point, no specific details are available. Most of the loan amounts in my area, Walnut … (2 comments)
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home loans: Should We Bail? - 04/16/07 11:18 AM
There's a fierce debate going on right now.It's a national debate but reaches right into my area.It's going to have an influence on the home loans that happen right here in Contra Costa County.It involves the collapse of the sub prime lenders.It involves the coming rise in foreclosures.It involves politicians.It … (4 comments)
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