mobile: With the news that the Fed will be buying huge amounts of... - 11/25/08 09:18 AM
mortgage backed securities, you can look for substantially lower rates. This is the move that may really spur home sales. Here is the press release from the Fed...
Press Release
Release Date: November 25, 2008
For release at 8:15 a.m. EST
The Federal Reserve announced on Tuesday … (0 comments)
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mobile: MOBILE ALABAMA'S HOUSING MARKET MAKES TOP 10 - 11/24/08 06:17 PM
Top 10 Most Promising Housing Markets
According to the housing forecast provided by Housing Predictor (11/15/08) for 250 markets, Mobile, Alabama has landed on the Top 10 Most Promising Housing Markets list, with a 3.9% increase in sales price for 2008. Going against the national trend, Mobile is expectd to continue with positive job … (0 comments)
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mobile: Mobile's Real Estate Market is Truly Impressive! - 11/20/08 03:13 PM
Despite what you hear or see in the national media, Mobile's real estate market is truly impressive. Not only are homes in our area retaining their values, but the number of qualified buyers in our population is growing due to the influx of industry to Mobile.
Now is a good time to … (0 comments)
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mobile: New FHA Loan Limits in Johnston County - 11/10/08 12:08 PM
Well - if you were getting use to the $295,000 loan limits for FHA in Johnston County, you can kiss them GOODBYE!
According to the latest HUD Mortgagee Letters, FHA limits in Johnston County will go to $271,050. This change is based on the average sales price, which has gone down slightly.
… (0 comments)
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mobile: Check List for Purchasing an Older Mobil Home in California - 11/09/08 01:49 AM
Awhile back I submitted an offer for clients on a Mobile Home that our MLS states to be a 1979 on a permanent foundation.
The date of manufacture and the foundation are critical to what kind of financing you can obtain. I'm not an expert on Mobile Home sales but I … (0 comments)
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mobile: Let Our Voices Be Heard - 11/04/08 05:19 PM
No matter your choice, let your voice be heard!
I hope everyone got out and voted today! I was standing in line at 6:15 this morning. Time passed quickly tho, as everyone chit chatted with each other. It was funny tho, NOT one person talked politics. Guess it was just too … (1 comments)
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mobile: Referrals To Mobile, AL - 10/30/08 05:25 PM
PLEASE remember the "Daniel Team" for your Mobile, AL referrals !
Offering a combined 45+ yrs of experience, serving Mobile and Baldwin counties !
THANKS!!
Kim Daniel
http://tinyurl.com/6medca
www.sellingmobile.com
… (11 comments)
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mobile: PDA Phones - Stuck in a Tech-ie Rut! - 10/28/08 01:50 PM
Hello Fellow Active-Rainers!
I am experiencing technical difficulties. My last blog asked about favorite real estate management (database) software. Now that I have almost come to a conclusion, I am stuck with another big question: Which PDA phone will serve a Realtors purposes the best? I know everyone utilizes different functions … (0 comments)
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mobile: Here we go again...again... - 10/21/08 09:19 AM
It had been a few days without a day new Fed funding facility ... From the Fed: Federal Reserve announces the creation of the Money Market Investor Funding Facility (MMIFF) The Federal Reserve Board on Tuesday announced the creation of the Money Market Investor Funding Facility (MMIFF), which will support a … (3 comments)
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mobile: Helping high school kids become financially educated... - 10/20/08 05:56 PM
Since this credit crisis, I have thought what we need is more education regarding financial matters. We, at the Manders Group, have decided that we would like to help high school kids in our area, state and region become more financially educated. We are donating a $200 scholarship to the "Secure … (36 comments)
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mobile: Mortgage rates since the bailout and why... - 10/17/08 01:47 PM
When the U.S. government first took conservatorship of Fannie and Freddie, rates started to plummet as bond purchasors decided that with the "implicit" guarantee for mortgage backed securities they would receive a better yield than comparable treasuries. This was true and investors flocked into MBS's, driving rates on a 30-year fixed … (2 comments)
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mobile: Technology find of the week for Realtors .. access the MLS, see virtual tours on your phone for free. Had to pass it along! - 10/16/08 06:51 PM
As a Realtor, there are so many tools for sale ... I found a free download from a new start up that once downloaded alows a user to view websites on their phone, just as they would on their desktop - no more calling back to the office for MLS questions, … (15 comments)
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mobile: Kombrink Team Brings Home Searching to Your Cell Phone - 10/15/08 01:42 PM
The Kombrink Team at RE/MAX Excels in Geneva, Illinois is on the cutting edge once again by offering home buyers the chance to search Chicagoland homes right from their cell phone.
Recognizing that home buyers in this digital age prefer to remain anonymous, this service allows them to get information on … (1 comments)
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mobile: Real Estate Development - Snowden Place - 10/14/08 08:01 PM
Please take a look at Mobile's newest and most unique development - a private, gated community featuring single-family homesite sand townhomes - all in the middle of Mobile - SNOWDEN PLACE. Information can be found at www.SnowdenPlace.com. For aditional information, please contact me at 251-602-1941. Thanks!
… (0 comments)
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mobile: Joint press release from the Treasury, Federal Reserve and FDIC... - 10/14/08 07:51 AM
Here is the latest announcement from the Treasury, Federal Reserve and FDIC...
Joint Press Release
Board of Governors of the Federal Reserve SystemU.S. Department of the TreasuryFederal Deposit Insurance CorporationFor release at 8:30 a.m. EDT October 14, 2008
Joint Statement by Treasury, Federal Reserve, and FDIC
Washington, DC-- The … (2 comments)
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mobile: Fees Reduced on Mobile & Eastern Shore Home Loans - 10/10/08 01:07 PM
Fannie Mae and Freddie Mac both announced they will not impose the loan fee increase scheduled to go into effect next month. Fees were to have increased from .5% to .25%, making it even more difficult for Mobile home buyers. The biggest obstacle many Mobile home buyers face is the necessary cash … (1 comments)
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mobile: Blackberry, Mobile phones, Laptops, iphones - 10/08/08 11:46 PM
In this day and age of real estate on the internet What electronics are helping you stay in touch with your clients when you are away from the office. Is there any one unit that helps you do everything you need to to keep in touch? It seems like our clients … (7 comments)
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mobile: Fed works in concert with other Central Banks to ease rates... - 10/08/08 06:23 AM
Press Release
Release Date: October 8, 2008
For release at 7:00 a.m. EDT
Joint Statement by Central Banks
Throughout the current financial crisis, central banks have engaged in continuous close consultation and have cooperated in unprecedented joint actions such as the provision of liquidity to reduce strains in financial … (3 comments)
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mobile: Fed to buy Commercial Paper... - 10/07/08 08:40 AM
Press Release
Release Date: October 7, 2008
For release at 9:00 a.m. EDT
The Federal Reserve Board on Tuesday announced the creation of the Commercial Paper Funding Facility (CPFF), a facility that will complement the Federal Reserve's existing credit facilities to help provide liquidity to term funding markets. The … (2 comments)
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mobile: Statement from Bernanke on bailout passage... - 10/03/08 01:06 PM
Press Release
Release Date: October 3, 2008
For immediate release
I applaud the action taken by the Congress. It demonstrates the government's commitment to do what it takes to support and strengthen our economy. The legislation is a critical step toward stabilizing our financial markets and ensuring an uninterrupted … (5 comments)
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mobile: Mobile Eastern Shore Real Estate Podcast - 10/03/08 07:08 AM
The latest edition of the Mobile Eastern Shore Real Estate Podcast covers market activity and then we will examine the Housing and Economic Recovery Act of 2008 recently passed by Congress.
Features special guest Terri Murphy of US Learning.
Program length: approximately 7 minutes
download podcast mp3 file | subscribe to podcast … (0 comments)
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mobile: FDIC could now have unlimited access to the Treasury... - 10/01/08 11:37 AM
From the WSJ: Revised Bill Lets FDIC Borrow Without Limits
The Senate financial market rescue bill would temporarily allow the Federal Deposit Insurance Corp. to borrow unlimited amounts of money from the Treasury Department in connection with the larger government deposit coverage that would extend until the end of next year.This … (3 comments)
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mobile: Foreign leaders demanding bailout passage... - 10/01/08 08:15 AM
I never thought I would see the United States being led around by our nose by leaders of foreign governments because WE owed them so much money, but it has happened. I am concerned about the signal being sent...
From Bloomberg:
"European Central Bank President Jean- Claude Trichet said U.S. lawmakers … (0 comments)
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mobile: Are mobile web and mobile search ready for real estate? - 09/30/08 12:36 PM
As real estate professionals, nationwide, search for sales and marketing tools to better advertise their listings to consumers, talk of mobile advertising capabilities continues to rise to the top of discussion.
We've seen MLS and Associations swarming around the idea of mobile MLS search, in attempt to meet real estate consumer … (2 comments)
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mobile: Citi buys Wachovia retail banking operations... - 09/29/08 07:26 AM
Breaking News!
From NY Times blog:
"Citi assumes Wachovia banking operations for $1 a share, a move that that would concentrate power within the nation's banking industry in the hands of a few giant lenders, The New York Times's Eric Dash and Andrew Ross Sorkin reported Monday morning.
The Federal Deposit … (10 comments)
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mobile: Goodbye Wachovia... - 09/28/08 06:25 PM
From the NY Times: Citigroup and Wells Fargo Said to Be Bidding for Wachovia
Citigroup and Wells Fargo were locked in a bidding war on Sunday over a possible emergency takeover of the Wachovia Corporation ... The government, led by the Federal Reserve and Treasury Department, has been involved in the … (7 comments)
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mobile: Link for the draft of bailout bill... - 09/28/08 04:02 PM
Alright guys, who is man/woman enough to read this article in its entirety? I have linked the pdf version and it is 106 pages. Good luck and please report back with Cliff Notes...
The Troubled Assets are initially limited to commercial and residential mortgages and instruments based on them. The Treasury … (1 comments)
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mobile: Deal reached on bailout bill... - 09/28/08 03:45 PM
There seems to be a deal reached on the bailout bill. The House Republicans were conspicuously missing from the press conferences early this morning, but many people associated think this deal can get done...
From the NY Times: Breakthrough Reached in Negotiations on Bailout
Congressional leaders and the Bush administration reached … (0 comments)
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mobile: Mobile Eastern Shore Real Estate Podcast - September 2008 - 09/27/08 10:14 AM
This month's edition of the Mobile Eastern Shore Real Estate Podcast covers market activity and then we will examine the Housing and Economic Recovery Act of 2008 recently passed by Congress.
Features special guest Terri Murphy of US Learning.
Program length: approximately 7 minutes
download podcast mp3 file | subscribe to podcast … (1 comments)
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mobile: FDIC to seize WAMU and sell deposits to JPMorgan Chase... - 09/25/08 07:40 PM
Another wild night in the financial markets...
CNBC reports: FDIC to Seize WaMu and Sell Deposits to JPMorgan The Federal Deposit Insurance Corp will seize Washington Mutual and sell its deposits to JPMorgan Chase for an undisclosed sum, CNBC has learned. The deal is expected to be announced during a Thursday … (1 comments)
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mobile: Bernanke testimony before Congress today... - 09/24/08 09:47 AM
Here is the transcript of the speech Chairman Bernanke will give to Congress this afternoon. It was made public just a few minutes ago...
Testimony
Chairman Ben S. Bernanke
Economic outlook
Before the Joint Economic Committee, U.S. Congress
September 24, 2008
<!--RangePreExecu-->
Chairman Schumer, Vice Chair Maloney, Representative Saxton, and other … (2 comments)
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mobile: Testimony from Bernanke on U.S. Financial Markets... - 09/23/08 07:01 AM
This is a very interesting read just made public. This is the speech Chairman Bernanke will give before the Committee on Banking, Housing and Urban Affairs...
The entire speech:
Chairman Ben S. Bernanke
U.S. financial markets
Before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate
September 23, 2008
<!--RangePreExecu-->
… (3 comments)
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mobile: Goldman Sachs and Morgan Stanley abandon investment banking model... - 09/22/08 05:06 AM
they have petitioned the Fed to become bank holding companies which will oversee their balance sheets and give them limits on leverage and access to the discount window.
From the Fed press release:
Release Date: September 21, 2008
For release at 9:30 p.m. EDT
The Federal Reserve Board on … (3 comments)
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mobile: Bailout proposal... - 09/20/08 02:27 PM
LEGISLATIVE PROPOSAL FOR TREASURY AUTHORITYTO PURCHASE MORTGAGE-RELATED ASSETSSection 1. Short Title.This Act may be cited as ____________________.Sec. 2. Purchases of Mortgage-Related Assets.(a) Authority to Purchase.--The Secretary is authorized to purchase, and to make and fund commitments to purchase, on such terms and conditions as determined by the Secretary, mortgage-related assets from … (3 comments)
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mobile: The law of unintended consequence... - 09/19/08 09:07 AM
Thanks to our government effectively bailing out Wall Street, you can say hello to 7% interest rates soon. One of the upsides of a shaky financial market is a strong bond market in a "flight to quality!" Now, everyone is back into the stock market, thanks to this manufactured bull market.
… (1 comments)
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mobile: SEC bans short selling of financial stocks... - 09/19/08 05:43 AM
Here is the press release: SEC Halts Short Selling of Financial Stocks to Protect Investors and Markets Here is the order from the SEC:
IT IS ORDERED that, pursuant to our Section 12(k)(2) powers, all persons are prohibited from short selling3 any publicly traded securities of any Included Financial Firm....This Order … (5 comments)
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mobile: The Fed pumps money abroad... - 09/18/08 06:08 AM
In another historic move, the Federal government of the United States has pumped more money into foreign markets to attempt to help their markets "un-seize!"
Here is the release from the Fed:
For release at 3:00 a.m. EDTToday, the Bank of Canada, the Bank of England, the European Central Bank (ECB), … (1 comments)
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mobile: HR 6694 makes it through the sub-committee... - 09/17/08 05:08 AM
This is the first step toward resinstating seller-funded down-payment assistance in some form. It still has to make its way through the House and Senate.
From Marketwatch:
GAITHERSBURG, Md.,, Sept 16, 2008 /PRNewswire-USNewswire via COMTEX/ -- Bipartisan legislation would reauthorize downpayment assistance Ann Ashburn, President of AmeriDream, issued the following statement … (10 comments)
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mobile: The Fed blinked...85 billion to AIG... - 09/16/08 06:53 PM
This should make the market go much higher until they realize that the problem isn't solved!
From CNBC:
American International Group will get an $85 billion bridge loan from the federal government in exchange for an 80 percent stake in itself, sources have told CNBC. Sources said the loan, which will allow … (4 comments)
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mobile: Fed funds rate stays at 2% - 09/16/08 01:23 PM
The Fed held rates steady at 2% despite pressure from the financial markets...
For immediate release
The Federal Open Market Committee decided today to keep its target for the federal funds rate at 2 percent.
Strains in financial markets have increased significantly and labor markets have weakened further. Economic growth … (1 comments)
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mobile: AIG downgraded by Fitch... - 09/15/08 08:17 PM
From MarketWatch: Fitch Ratings downgrades AIG to 'A'
Fitch Ratings said late Monday that it downgraded American International Group because the insurer's ability to raise capital for its holding company has become "extremely limited."
Fitch also kept AIG on Rating Watch Negative.
This may be the next shoe to drop for … (3 comments)
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mobile: A quote to always keep handy... - 09/15/08 10:46 AM
The five most important words in the language are: I AM PROUD OF YOU.
The four most important words in the language are: WHAT IS YOUR OPINION?
The three most important words in the language are: IF YOU PLEASE.
The two most important words in the language are: THANK YOU.
The … (11 comments)
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mobile: Wow! The Fed is increasing it's lending facility from 175 to 200 billion... - 09/14/08 08:39 PM
From the Fed press release:
Release Date: September 14, 2008
For immediate release
The Federal Reserve Board on Sunday announced several initiatives to provide additional support to financial markets, including enhancements to its existing liquidity facilities.
"In close collaboration with the Treasury and the Securities and Exchange Commission, we … (3 comments)
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mobile: Could be an historic night in the financials... - 09/14/08 07:53 PM
After the Lehman bankruptcy news, it now looks like Bank of America is close to a deal to buy Merril Lynch. This, after the Countrywide takeover, is huge news for BOA. The financial markets may continue this buyout/bankruptcy waltz for a little while...
From theNew York Times' Dealbook:
Bank of America is in … (5 comments)
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mobile: Lehman to file for bankruptcy... - 09/14/08 06:31 PM
This shouldn't surprise anyone who has been watching closely. The government can't bail out everyone and Lehman had ample time to find a suitor...which proved to be impossible in this credit and capital starved market.
From the NY Times Deal Book Blog:
Lehman will seek to place its parent company, Lehman … (6 comments)
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mobile: Lehman deal imminent? - 09/13/08 10:02 PM
The Treasury is attemtping to broker a deal for Lehman without having to use any more government money. Thid may help stabilize the jittery financial markets...
From Bloomberg:
U.S. Treasury Secretary Henry Paulson and New York Federal Reserve Bank President Timothy Geithner urged the heads of Wall Street's biggest firms to … (4 comments)
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mobile: Credit Default Swaps and the importance of monitoring them... - 09/12/08 05:17 AM
A credit default swap (CDS) is a credit derivative contract between two counterparties, whereby the "buyer" or "fixed rate payer" pays periodic payments to the "seller" or "floating rate payer" in exchange for the right to a payoff if there is a default or "credit event" in respect of a third party … (0 comments)
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mobile: Gas going up as oil is coming down... - 09/11/08 09:09 PM
I have been informed by a friend who is also a gas station owner that the price of gasoline will be rising significantly tomorrow here on the gulf coast and over the next few days over the southeast and the rest of the nation. This is said to be due to … (7 comments)
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mobile: Here we go again...again... - 09/11/08 08:48 PM
First, the Washington Post, New York Times, and Wall Street Journal all report that the Fed and Treasury are brokering a deal, but are trying to avoid the use of public funds.
From the WSJ: Lehman Brothers in Sales Talks; B of A Seen As a Potential Suitor Lehman Brothers Holdings … (3 comments)
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mobile: Our prayers are with those in Texas... - 09/11/08 08:29 PM
As a resident of the Gulf Coast of Alabama, I would like to extend a prayer to our neighbors in Texas as Hurricane Ike approaches. I have been though several hurricanes in my life, from Frederic in '79 all the way through Ivan and Katrina over the last couple of years.
… (6 comments)
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mobile: Senate banking committee asks Fannie and Freddie to freeze foreclosures... - 09/11/08 02:45 PM
Members of the U.S. Senate Banking Committee have asked Fannie and Freddie to freeze foreclosures for loans in their portfolio's for 90 days.
``This action would provide immediate relief to many homeowners'' and let the companies ``turn these non-performing loans into performing assets to minimize losses,'' Senators Charles Schumer, Robert Menendez … (4 comments)
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mobile: Do Not Call - 09/11/08 11:51 AM
I just received a Telemarketing call on my cell. Today, all cell phone numbers are being released to Telemarketing companies. I know that last year we had registered our cell phone numbers with DONOTCALL. I went to www.donotcall.gov to re-register again.
I noticed that on this website they also have a … (5 comments)
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mobile: WAMU in death spiral... - 09/11/08 08:45 AM
Washingtom Mutuals stock is in a freefall and we could see a run on the bank soon, similar to what happened with InyMac. This bank should be monitored closely today. They are knee-deep in Pay-Option ARMS, mostly in California.
From the MarketTicker:
Those of you who have read The Ticker for … (4 comments)
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mobile: A reprieve on seller-funded DPA? - 09/10/08 02:08 PM
Chairman of the House Financial Services Committee, Barney Frank, has discussed publicly the fact that he has negotiated an agreement with HUD Secretary Steve Preston that will provide for the continuation of privately funded downpayment assistance. The agreement allows HUD to impose risk-based pricing on downpayment assistance transactions which provides Secretary … (0 comments)
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mobile: Upcoming Events in Alabama - 09/10/08 10:23 AM
September 11 - 14 - Bell Micro LPGA Classic in Mobile.
Crossings Course at Magnolia Grove.
The is the 1st year for this tournament and it will be televised on The Golf Channel. Go to www.bellmicrolpgaclassic.com for tickets and info.
September 12 - 13 - Riverfest in Decatur.
This is a … (1 comments)
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mobile: Lehman insolvent? - 09/10/08 05:20 AM
As the market rallied on Monday with the news of the Fannie and Freddie rescue, it weakened yesterday on news the Lehman still hasn't secured a new capital infusion...
From the New York Times:
On Wall Street, there is a growing sense that Lehman may have to solve its problems on … (1 comments)
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mobile: Get ready -- mobile search will become more and more important! - 09/09/08 09:51 PM
I found this tool on the Alain Pinel Website -- they have the ability for agents and their consumers to do a search on a mobile device. Your seeing more and more applications being launched for the iPhone and PocketMLS by Baynet has patented features with the alert process that you should … (10 comments)
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mobile: Still tightening... - 09/09/08 08:13 PM
The mortgage market continues to tighten, with more non-traditional mortgage products starting to exit the market. Today, CitiMortgage announced the end of it's stated income (SIVA and SISA) and 40-year loan products, the 40-year interest only mortgage and the 40-year ARM. These products have no buyers in todays market and this … (0 comments)
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mobile: Upside to Fannie/Freddie bailout... - 09/08/08 07:40 AM
One of the upsides to the government bailing out Fannie/Freddie will be lower rates for the fixed-rate mortgages. As the government buys mortgage backed securities, the yield will drop and thus rates will drop. Treasuries will suffer as the money pours into MBS.
This is being reflected this morning and rates … (0 comments)
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mobile: Fannie, Freddie and "preferred" stock... - 09/07/08 02:24 PM
Well, it looks like those that hold Fannie and Freddie's preferred stock will be out of luck, as well. This will be particularly hard on some of the banks, who bought lots of this type of stock. This is not what the banks need at this juncture.
From The Market Ticker...
… (0 comments)
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mobile: Mobile Eastern Shore Real Estate Podcast-August 2008 - 09/07/08 07:29 AM
Changing home values and higher inventories have presented difficult challenges for distressed home sellers. Fortunately, many lenders are working with sellers by accepting Short Sales and avoiding foreclosure. Listen to our Mobile Eastern Shore Real Estate Podcast as we discuss today's Short Sale programs, and break down our own local market trends. Featured … (0 comments)
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mobile: What should you take to your next sales team meeting? - 09/05/08 12:49 PM
As summer all to quickly comes to an end, you'll likely be finding more time to sit in on those weekly team sales meetings in your office. To be honest, now may be the best time to attend these meetings, too! With the attitude about the market, this is a great … (0 comments)
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mobile: What should you take to your next sales team meeting? - 09/05/08 12:48 PM
As summer all to quickly comes to an end, you'll likely be finding more time to sit in on those weekly team sales meetings in your office. To be honest, now may be the best time to attend these meetings, too! With the attitude about the market, this is a great … (0 comments)
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mobile: Mortgage problems for the self-employed... - 09/03/08 05:11 AM
Steted income loans were originally available for self-employed borrowers who "wrote off" much of their income for true business expenses. The problem was that they seldom qualified for "full documentation" loans. Thus, the stated income loan was born. Because of all the abuse of this program, there are very few stated income … (2 comments)
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mobile: Latest computer models for Gustav and 8pm EST update... - 08/28/08 07:41 PM
It still seems that the models want to place this storm over Eastern-Central Louisiana. This track would not be good for New Orleans as it places the storm on the East side of the Big Easy. Hopefully, it changes this track and dissipates over the water...
...Center of Gustav near the … (5 comments)
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mobile: Stop pushing your potential customers away! - 08/28/08 04:42 PM
Yesterday I was in a meeting with a group of people and introducing them to mobile advertising and the role it plays in the real estate industry. One particular person happened to not be a real estate professional, but in the process of being a homebuyer/seller in Boise. Once we described … (5 comments)
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mobile: Gustav computer models are strating to converge on New Orleans... - 08/28/08 10:40 AM
This storm will be difficult to predict, since it is so far out, but the models seem to be lining up for central to Eastern Louisiana. This could change and probably will, but in a city like New Orleans, time is of the essence. Good luck to all along the Gulf … (3 comments)
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mobile: The Track for Gustav seems to be moving farther West... - 08/28/08 04:59 AM
The computer models seems to have tracked its course back West toward the Texas/Lousiana border. It's still a long way from the Gulf, but this track could force the evacuation of many oil rigs in the area...
Statement as of 5:00 am EDT on August 28, 2008
...Gustav reforms to the … (6 comments)
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mobile: Thornburg Mortgage on shaky ground... - 08/27/08 06:21 PM
I had several great experiences with Thornburg! It's a shame they are having so much trouble, but there aren't any buyers for their loans!
From Forbes.com:
"Our circumstances are somewhat precarious, to put it mildly," Thornburg Chief Executive Larry Goldstone said on a conference call.
Sante Fe-based Thornburg Mortgage reported … (0 comments)
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mobile: Google Help Center: A Realtor's Internet Admin In A Box - 08/24/08 10:50 AM
Google Help Center should be every Realtor's first tool of engagement when learning the basics of search, advanced search and a beginners lesson on what Google is and what it can provide your business. First the link to the Google Help Center. The following links will help you utilize new tools … (10 comments)
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mobile: Are you branding to college kids? You should be.... but how? - 08/20/08 03:39 PM
Today my colleagues and I took our first trip to the new Hooters that opened just last week (the first Hooters in Montana!). While there we were talking to our lovely waitress and making conversation asked where we worked. On Monday, we hired a new member for our sales team. This … (6 comments)
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mobile: From the FDIC... - 08/20/08 01:55 PM
From the FDIC: Loan Modification Program for Distressed Indymac Mortgage Loans. A couple of excerpts:
What loans are eligible? The streamlined loan modifications will be available for most borrowers who have a first mortgage owned or securitized and serviced by IndyMac Federal where the borrower is seriously delinquent or in default. … (0 comments)
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mobile: 10-year treasury and mortgage rates... - 08/19/08 12:21 PM
Long, long ago in a market far, far away, many people in my industry would track the 10-year treasury to determine mortgage rates for their clients on a daily basis. Rates, as I'm sure you're all aware, change daily, much like the stock market. Typically(it's hard to say typically anymore), the … (0 comments)
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mobile: Real Estate Olympics 2008 - we need your help! - 08/19/08 10:43 AM
In light of the 2008 Beijing Olympics, a member of Inman put together a Real Estate Olympics competition; "Real Estate Pacesetters 2008".
Last week, over 40 contestants were submitted for the contest as the industries premier pacesetters; companies who are leading our industry towards change.
I'm PROUD to announce that GOOMZEE.com … (1 comments)
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mobile: Interesting comments from a Federal Reserve Governor... - 08/18/08 01:09 PM
Though the Bush administration was looking to Fannie and Freddie to turn around the U.S. housing market and avert a recession, former Federal Reserve Governor Susan Bies said, "they really are helping to pull the market down rather than being source of strength at this time.""They are going to be pressed … (2 comments)
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mobile: "GO Coastal". Mobile area tourism plans new marketing campaign. Will benefit Dauphin Island. - 08/18/08 10:16 AM
Snippit
FULL STORY
… (0 comments)
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mobile: When Banks Don't Lend... - 08/15/08 08:03 PM
Well, we knew this would happen eventually. Credit tightening is forcing banks to borrow money to plug holes rather than lend back to us. This situation will get worse before it gets better. Fortunately, FHA and USDA is filling the gap that Freddie and Fannie once occupied...
From Bloomberg:
Most "domestic … (1 comments)
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mobile: Interesting report from Bloomberg... - 08/15/08 07:32 PM
The Bloomberg report below is an interesting piece of information that has been flying under the radar on most MSM news outlets. Eventually, all of the securitizers of mortgage bonds will require some type of "liability verbiage" for the originating company. Freddie Mac is fighting this legislation from the state of … (1 comments)
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mobile: I'm pretty new to Active Rain, but I have a question for Realtors... - 08/14/08 02:35 PM
Would you guys prefer your mortgage orignator to send you video e-mails with updates on loan status and program changes? Would you enjoy a website where you can get up to the minute loan status at any time of the day or night? Would you send your clients who aren't qualified for … (1 comments)
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mobile: Have you considered USDA loans? - 08/12/08 09:26 AM
USDA LoansUSDA loans are primarily used to help low-income individuals or households purchase homes in rural areas. Funds can be used to build, repair, renovate or relocate a home, or to purchase and prepare sites, including providing water and sewage facilities.
Applicants for loans may have an income of up to … (5 comments)
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mobile: Real Estate Statistics and Trends for Mobile and Baldwin County - July 2008 - 08/11/08 03:54 PM
The statistics have been tabulated for all residential sales in Mobile and Baldwin County. For Mobile County, data was derived from the Gulf Coast MLS system for all single family and condominiums sold in Mobile County. For Baldwin County, a residential unit is defined as single family and data was … (0 comments)
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mobile: Politicians Text Message To Stay in Touch - Do You? - 08/11/08 12:52 PM
I've noticed politicians making an extra effort to reach-out to more young adults with campaigns such as the get out and vote programs by companies like MTV. Other sources for news, information and events have been implemented this year, and if you haven't already heard, one of the biggest has been … (0 comments)
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mobile: Unlocking Google Base’s Potential for Realtors - 07/31/08 03:52 PM
Unlocking Google Base’s Potential for Realtors.
I have spent many hours searching for real estate forums, blogs
and link sites as we provide lead generating text and mult-media
messaging for real estate agents and one of the most consistent areas
of discussion are search engine ranking and optimization. As part … (6 comments)
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mobile: How do you keep motivated - follow the KW way! - 07/30/08 02:43 PM
As we all know, technology continues to evolve by leaps and bounds, and the role it plays in the real estate industry is a vital one. We, Goomzee, was recently invited to attend an event that's premise was meant to motivate customers and keep their marketing minds going. As we continue … (2 comments)
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mobile: Mobile Public Notary Services and Loan Signing Services - 07/29/08 04:40 PM
Mobile Public Notary Services and Loan Signing Services (Schererville Office) I come to you to promptly notarize your loans, forms and documents. What I Do: Mobile Notary Public Mobile Loan Signings for Residential Purchases, Refinances and Home Equity Lines Mobile Loan Signings for Reverse Mortgages Seller Signings E-docs Pick up and Drop … (0 comments)
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mobile: Okay first blog post ever - here goes - How technology (sometimes) hurts realtors - 07/28/08 01:25 AM
First I have to disclaim that I work for, er co-founded, a company that sells a technology product for realtors. So if your inclined to distrust anything that might involve a for-profit motive feel free to skip this over. I'll blog about saving baby seals next week...
Now properly exposed as … (5 comments)
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mobile: It's a Mobile (Internet) World - 07/22/08 09:20 AM
It's great having the flexibility of being able to choose some of the hours (where & when!) that I work as a Realtor. I love sitting outside on my deck in comfortable clothes, listening to the birds and the water fountain splashing in the fish pond while I work.
The biggest downside is that … (2 comments)
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mobile: It's all about what the seller wants - or is it? It's YOUR job to EDUCATE. - 07/18/08 12:39 PM
"It's all about whatever my seller wants to hear."
Recently I've read some interesting comments in some of the blog posts about agents adopting new marketing tactics - or not adopting them for that matter.
What stands out in my mind the most is a comment that read, "It's all … (10 comments)
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mobile: Mobile and Baldwin County MLS Statistics - June 2008 - 07/17/08 01:53 PM
">Each month we report the statistics gathered from the two MLS organizations in which we participate - the Mobile Area Association of Realtors and the Baldwin County Association of Realtors. We were suprised the number of sales was down from the previous month. Normally June's numbers are a little higher than … (0 comments)
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mobile: Gulf Coast Real Estate Recruiting - 07/17/08 12:16 AM
Like so many of us who tune into the national news and here about all of the doom and gloom that encompasses the nation, it's no wonder anti-depressants are on the rise just like foreclosures are! So I decided to go against the grain and become a beacon of light, a … (0 comments)
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mobile: One in Seven Americans Aren't Mobile! - 07/16/08 12:10 PM
There was a time when being "out of touch" as just the norm, we didn't realize there was a problem. There was pagers, voice mai;, even others who could write down phone messages for us. Imagine being without our cell phone now!
Yeah, we have problems with dropped calls, areas … (2 comments)
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mobile: The Voyage-er is better... - 07/01/08 05:02 PM
Yanno, you can live on a laptop. Or at least near a laptop. A little tiny palm tree, drink with umbrella, bowl of snacks and a dinghy nearby while your toes rub the warm sand, and it could be daaaays before you lift your head from the heady environs of Twitter, … (5 comments)
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mobile: Let the Realtor Beware! - 06/30/08 12:44 PM
We never know when we are showing properties what we might encounter. This past week, Christi and I were showing a property to a client in Mobile County. Since we previewed the property before showing, we knew what to expect come client showing day. And sometimes, there are surprises so … (7 comments)
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mobile: Imagine Writing Your Next Blog Post While Driving.... Soon You Can! - 06/26/08 02:17 PM
Today Chrysler announced that next year their vehicles will come with the option of becoming a mini wireless Internet hotspot.
So now you can get Internet in your car, Virgin has Ethernet ports on their planes, and I still can't pick up a cell signal in my basement.....but I digress.
The … (28 comments)
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mobile: Just when you thought you had a real mobile office... - 06/26/08 01:18 PM
Sick of driving around in your vehicle (the office away from the office) looking for a WiFi Hotspot?
Now you can really set up a "mobile office". Chrysler has announced they will add wireless routeres to some of their 2009 Chrysler, Jeep and Dodge models. What a great service for REALTORS … (11 comments)
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mobile: Just Starting Out... - 06/26/08 12:05 AM
I am new to this notary thing and am trying out all that I can to get my name out in the mortgage world as well as to the general public. I am on page 1 of google with out paying a cent so I did that right thank you merchantcircle.com, … (10 comments)
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mobile: Why would I consider a mobile home or manufactured home in this market.. - 06/22/08 11:32 AM
Reasons are varied and it is totally the choice of the buyer.
Many who seek mobile homes or manufactured homes like community and security.
Others are not so much concerned with building equity and buying up or down. Many mobile home and manufactured home parks are convenient to shopping and freeway … (3 comments)
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mobile: Have you "Gone Mobile"? Here's why you should... - 06/20/08 10:07 AM
In June's issue of Texas Realtors magazine, Dee Copeland wrote an excellent article about mobile marketing technology and the way it's headed in the real estate industry.
Here area few excerpts and if you click on the title, it'll take you directly to the article online!
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Going mobile New technology … (3 comments)
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mobile: Real Estate Statistics and Trends for Mobile and Baldwin County - May 2008 - 06/18/08 02:15 PM
The Mobile County and Baldwin County MLS Statistics and Trends have been calculated based on closed transactions in the month of May 2008. The following charts show units sold, the median sales prices of homes sold, the number of units available for purchase at the beginning of the month, the days … (2 comments)
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mobile: Apple's New MobileMe - Just What I've Been looking For! - 06/10/08 05:08 PM
Apple announced it's newest application yesterday...it's called "MobileMe". This announcement was greatly overshadowed by the highly anticipated announcement of the new iPhone G3, but this newest application did not fall on deaf ears.
It seems as … (3 comments)
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