ARCHIVED BLOG POSTS
2012
“Don’t Feel Bad About a 590 Million Dollar Settlement with Citigroup” They made plenty of profit on these loans, I mean lots of money. The frustrating part, is the settlement is going to stockholders, not the individuals that were harmed by the subprime loan that they bought into. Yes, I know the...
08/31/2012
10
Comments
The boss wondered why one of his most valued employees was absent but had not phoned in sick one day. Needing to have an urgent problem with one of the main computers resolved, he dialed the employee's home phone number and was greeted with a child's whisper. ' Hello ? ' 'Is your daddy home?' he ...
08/30/2012
“Federal Government Paying Utilities Bill Scam” A couple of weeks ago we received a call from a telemarketer, with this exact pitch as the article below. Normally I wouldn’t take this kind of call or I would hang up immediately, but I decided to listen to the pitch. Sure enough, the pitch w...
08/30/2012
“Investor Mortgages, We Love Them but Many Don’t” At least a dozen times this year, local banks and credit unions have referred clients that were looking for mortgages on their investment properties. In most cases, we got these folks the mortgages for their properties. In one case, I refina...
08/29/2012
8
Comments
“Organic Junk Food” I sometimes laugh when I read the term “organic”. There is a local farmer that advertises his produce as “organic”. Here is the problem, I see using fertilizer that is not organic. I see him spreading pesticides from time to time. So when I asked him about it one day, he s...
08/29/2012
4
Comments
“Survey: Borrowers Want MORE Transparency” How about just plain better communication? I have seen a number of these survey that indicate that borrowers want more transparency. I understand the need to know information. The example I’m going to share is the real problem. Myra c...
08/28/2012
10
Comments
“The Big Interest Rate Question” Where do interest rates go from here? I want to address the question with the following statement I made many years ago. I proclaimed, “If interest rates dropped below 12%, I could refinance the whole world.” Yes, that was in the late 70’s. I took 6 refina...
08/28/2012
5
Comments
“I Think My Home is Underwater” I did a mortgage for Barbara and Jimmy 5 years ago and they wanted to purchase another home, as their 2 bedroom ranch was just too small. They weren’t sure if they should sell or rent. I had an appraiser do a comparable check for me, sure enough, the debt was...
08/27/2012
19
Comments
“Practice the Right Questions to Create Referrals” I have read countless books that have a theme of asking questions to get more business. Most of them missed the mark. I completely agree that asking questions can bring you more business. The problem is asking the right question. How many times h...
08/27/2012
2
Comments
“Keep Government Out of the Mortgage Business” In a recent interview, President Obama said he believed that the road to recovery is through mortgage refinances. I’m sorry Mr. President did you somehow forget about the unemployment rate? 43 straight months of over 8%. He keeps preaching that he ha...
08/26/2012
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