california mortgage broker: California, Get Ready to Rumble: Rates Are About to Tumble - 01/31/08 08:59 PM
I'm not sure how the West was won. But I am sure of this: No state will benefit more from new mortgage changes about to be approved than California. Our company is so certain that a boom is about to occur that they have asked us to have clients ready to lock loans … (3 comments)
california mortgage broker: And We Forgive Those That Trespass Against Us... - 01/13/08 05:43 AM
I used to think NO TRESPASSING signs were, well, just plain rude. That was until I owned a property that I was forced to share with trespassers. Within no time, I was that rude property owner, and as far as I was concerned, there was no sign RUDE ENOUGH. How about this one: "Get the hell … (4 comments)
california mortgage broker: Negotiate Brilliantly: Stop Under Utilizing Interest Rate Buydowns - 12/09/07 02:20 PM
When in the car business, I was forced to do this same calculation again and again: Would it be better for my client to take the $3000 rebate? Or take the 3% interest rate (offered via the manufacturers lender)? You can't have both, because this benefit is nothing more than a SELLER CREDIT. Real … (8 comments)
california mortgage broker: The Secret to Better Rates NOW: Divide And Conquer - 11/15/07 11:05 AM
Mortgage brokers have been the whipping boys of the lending industry this year. Ouch, still stinging, still getting bad press. We're battered, we're bruised, but guess what? The real estate world needs smart, creative mortgage brokers more than they ever did before. Why? Because putting loans together in a way that gets the BEST LOAN … (6 comments)
california mortgage broker: Buy Here, Finance Here, At Your Own Risk - 11/06/07 10:44 PM
In response to the discussion about Realtors being "encouraged" to use their affiliated lender, I would ask this: What do you think happens in the Toyota dealership when you are ushered over to the finance department and walk out with a Toyota Motor Credit loan or lease? That's right, you have … (70 comments)
california mortgage broker: Your GOOD CREDIT is Just Not Good Enough Anymore - 11/03/07 05:49 PM
Before that nasty thing we call the mortgage crisis descended upon us, we mortgage brokers lived in simpler times. With so many lenders, and such broad guidelines, matching a borrower...(good credit.....bad credit....no credit!)... to a lender was pretty easy. No one thought much about credit scores, because for every seat, there was a saddle. And … (8 comments)
california mortgage broker: A Mass Exodus From the Mortgage Business - 10/24/07 11:43 AM
We had heard the rumors. Their loan officers were knocking on our door, and in meetings with our owners. But today it became official: our biggest competitor is out of business. You might think it would be cause to jump for joy, but no. It is sad. It is scary. The mortgage crisis … (49 comments)
california mortgage broker: Top Ten Ways Your Mortgage Broker Can Help You Sell More Houses - 10/02/07 10:45 AM
Today is my favorite day of the week. Tuesday is the day I go on broker tour to look at the new houses on the market. I call it getting my "FIX" because as much as I love being a mortgage broker, I also loved being a Realtor for several years before … (13 comments)
california mortgage broker: Some Ugly "D" Words In MortgageSpeak: Distressed, Declining, Discriminating? Disturbing! - 09/23/07 11:46 AM
Thank you Scott Gromley, for beating me to the punch by asking in your excellent post if our California lenders are redlining via their new policy of placing every county in the state in one of these three categories: DistressedDeclining Stable Honestly, I used that very same word, "redlining", to my colleagues when that same e-mail crossed my … (6 comments)
california mortgage broker: Blogphobics, Come On Out and Play - 09/20/07 12:29 PM
I was surprised when my recent post entitled The Top Ten Reasons to Blog on ActiveRain, exposed (via comments), an element of ActiveRain that I didn't know existed: The Blogphobics. These are our members that are hiding in the shadows, reading and commenting, but not writing. Who even knows what hidden talent … (32 comments)
california mortgage broker: They Threw Us A Bone, But Can We Still Do A Loan? - 09/19/07 04:40 PM
On the front page of today's paper was the following headline: "Fed Rate Cut Pumps Up Economy". If you believe like I do, that a great deal of our economic woe lies with our stagnant real estate market, this headline is good news. Or is it only good press? For several months … (7 comments)
california mortgage broker: You Have To Live in the Moment - 09/16/07 03:34 PM
I may just have been the luckiest girl in all of RainLand on Friday when (at the very same moment) I had Jim Cronin of the Real Estate Tomato on the phone, and Brad Andersohn in my office, 2 of the brightest Internet marketers to ever grace the blogging world. Pinch me, please. As if we had all … (16 comments)
california mortgage broker: Originator's Hell: Lenders That Steal Your Clients - 09/14/07 10:48 AM
Is a mortgage broker a bank's BEST CUSTOMER (because they are a source of many new loans and bank customers?) or are they their WORST COMPETITION? In the mortgage industry, the term "broker a loan" means this: The mortgage broker carefully selects the best lender (from many different lenders) to meet THE BORROWER'S specific needs, and future goals. The lender selected underwrites the … (4 comments)
california mortgage broker: Because of ActiveRain I Have The Last Laugh - 09/11/07 12:26 PM
Once Upon A Time, A Long Time Ago, In a Distant Land..............there was someone who actually learned to write. She learned the old fashioned way, before this skill fell out of favor, and when knowing how to write was considered, (right along with math), the 2 most important things you learned in school. Who could … (9 comments)
california mortgage broker: Rest In Peace, McMansions - 09/06/07 12:28 PM
American's Most Opinionated Mortgage Broker asks us, "Who the hell is going to buy all those McMansions?"(if not the babyboomers, and not the new generation of homebuyers who seem to prefer the urban life?) Funny thing is, he isn't the only one asking this question here in California, where a … (42 comments)
california mortgage broker: Sell While You Can, Bank Your Equity. Ride Out the Storm as a RENTER - 08/30/07 09:51 AM
I own 400 shares of Intel stock. On August 31, 2000, this stock reached its all time high: $74.87 a share. Today it trades at around $25 a share. Do I wish someone would have told me to SELL THAT STOCK while the value was still this high (and then buy it back when it … (15 comments)
california mortgage broker: One Brown Eye, One Blue Eye, and the Mortgage Still Blew Up - 08/23/07 08:22 PM
Just when we found the one buyer the bank would approve, you know, that guy with one blue eye, one brown eye, an 850 score and $300,000 down? Yeah, that guy. Guess what? The bank takes one look at the appraisal (of a property that appears to be a give-away price) and slashes it … (38 comments)
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.
It would not be fair to say they were in it for the money. And yet, MONEY (or shall I say EASE of making money) was what drew so many in.
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