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commission: Loan Officers - Urgent Teleconference regarding your pay and our future - 08/13/10 10:44 AM
MONDAY AUGUST 16 - 3PM EDT - ONLINEhttp://loanofficers.eventbrite.com/ - free RSVP REQUIRED*
Congress, most specifically Barney Frank and Chris Dodd, have had their hands in banking so long they and so deep if anyone can have the blame laid at their feet for the industry crash it is they. Their insistence and relentless pursuit on allowing the "underserved markets" to have equal access to home mortgages back in the 90s led to wild west banking where anything went. They were able to gun down conservative opposition in the early to mid 2000s to which would have brought an earlier end to … (2 comments)

commission: Commission under attack - 06/30/10 10:02 AM
Selling homes is much more than showing someone a catalog and letting them "pick one out". Unless you're one of those discount listing companies, maybe. You spend a couple of hours interviewing the prospective sellers or buyers discovering their "pain" or whatever their motivation is. Then you use your training and experience to communicate with them the process based on what they have told you and what you have seen.
If it's a listing then there is all the paperwork, advertising, marketing, and whatever other methods you use to do your job properly. If you're the buyer's agent there is the … (57 comments)

commission: New Obama regulation to limit agent commissions to 1.2% total - 02/09/10 12:47 PM
Washington DC (APL) February 9, 2010 - for immediate release.
The Senate agreed today to send SB 60-1A to President Obama for his signature to be signed into law. As part of the National Initiative for Market Recovery Over the Decade (NIMROD) the president leveled his sites on real estate commissions which advisers say, "artificially inflate the sales price of homes as much as 6%" and the administration believes that has contributed highly to the number of properties which are "upside down". The president is expected to sign the bill into law as early as Wednesday. In essence it places the … (115 comments)

commission: The Truth About PAR Rate vs. Retail Rate - 10/31/07 04:42 PM
Okay, it is obvious that this needs a little deliberation. Some people, even supposedly "industry experts" are off on their understanding of PAR versus Retail mortgage interest rates. First let's define the terms as we are using them. Retail rate is the mortgage interest rate you see advertised on Bankrate.com or on commercials from Ditech or Countrywide or Wachovia. PAR is the wholesale mortgage interest rate offered to mortgage brokers.
The broker may increase the wholesale rate to equal the retail rate and receive a fully disclosed rebate called Yield Spread Premium or YSP from the lender. The lender and the … (5 comments)

 
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Ken "Yes You Can" Cook

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Ken Cook, Web Dev, Brand Strategist 678-439-8683

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