xbroker: APR- The Annual Percentage Runaround - 05/04/07 01:59 PM
OK, I went to college, took algebra, geometry, trigonometry, calculus, statistics, and passed them all. Math wasn’t a problem for me (history and literature were), alas, I’m pretty baffled at how broker/bankers, and lenders come up with a mortgages Annual Percentage Rate (APR).
This is a problem because APR is … (7 comments)
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xbroker: Why Does The Mortgage Industry Cross the Line? - 05/04/07 01:56 PM
Because it can.
The number one statement that I get via comments and emails from others in the mortgage industry (paraphrased):
"It’s nobody’s business what I make, Wal-Mart etc. doesn’t have to show their mark-ups, why should I??"
What a telling statement, as it confirms the general … (11 comments)
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xbroker: The Mortgage Cartel and the Need for Transparent Mortgage Search II - 04/02/07 11:49 AM
Picking up where the previous post left off…..
Faced with the most uneven of playing fields, many brokers rationalized a culture of deception. One look at a typical HUD-1 broker closing statement is all the proof you need. Nevertheless, it was the online direct lender that posed the most imminent threat … (2 comments)
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xbroker: The Mortgage Cartel and the Need for Transparent Search - 03/30/07 08:04 PM
Ive had some heated (and circular) conversations with many in the mortgage industry regarding how unregulated the industry actually is, how it would be near impossible for legislation to clean up the mess. The Mortgage Industry needs something more than new Statements and Policies from regulatory agencies, with a few sacrificial … (18 comments)
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xbroker: The Long Tail of Real Estate Listings - 03/11/07 09:12 AM
There have been a few posts floating around about the end of the traditional MLS…not a MLS, but the MLS.
The ‘Give us your data and we’ll charge you for it and tell you how you can(t) use it’ MLS.
Trulia, Google, Realogy, Zillow, etc all to one extent or … (3 comments)
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xbroker: Buyers Agents Beware - 03/11/07 09:10 AM
A recent post over on the Inman blog, a question stoked some embers in my head:
If the DOJ wins and NAR is forced to retract policies, what is the likely chain of events to follow? Who wins and who loses?
Gregg Swan of BloodHound fame says:
If the … (0 comments)
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xbroker: Its Been Awhile... - 03/11/07 09:06 AM
Since Ive posted anything on the AR network...a little bit of a sabbatical I guess...Things have been uber-busy and I always get such great feedback from the community, I didn't want to 'short' the comment threads...
SO..Im going to place my last 3 posts from my home blog here...
Hope everyone has been … (1 comments)
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xbroker: 5 Gnarly Gnoteables in the Real Estate Blogosphere - 01/19/07 08:45 AM
Its been awhile since I posted on some of the gnarly cool stuff I have seen from other bloggers in this Real Estate 2.X space…so here are 5 topics that inspired me to write:
Dan Green (The Mortgage Reports) has launched a new service called Bring the Blog.
<--Gnarls Barkley (I … (14 comments)
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xbroker: 'Deep Thoughts' about Real Estate and Mortgage. By Jeff Corbett - 01/08/07 02:46 PM
Flying from Dallas to Greensboro last eve on an empty flight, I was engaged in Deep Thoughts regarding where mortgage and real estate are headed in the next 12-24 months.
I think we are gonna see more changes in this near future than any previous time period. It also caused … (4 comments)
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xbroker: Who's Going to Inman? - 01/03/07 09:24 PM
I've had the pleasure of making the acquaintance of so many people in this 'space' over the past 3 months and understand many will be at Real Estate Connect, Inman News Conference.
So I'm gonna be there, in NYC, and am looking to hang out with the 'cool crowd' :)
I … (6 comments)
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xbroker: Disclosing Your Competitions Weakness? - 12/27/06 02:51 PM
This is a further dissection for discourse of Mark Nadels (who is not an FTC attorney, he is an attorney and works for the federal government, and has presented his work at a 2006 FTC Bureau of Economics seminar..sorry Mark :)) critical assessment regarding traditional real estate brokerages revenue and … (49 comments)
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xbroker: Marketing your Competitions Weakness - 12/21/06 10:06 AM
This was posted Tuesday as part of the Yankee Blog Swap....I have pull the identical article over here..I want to thank Jon Earnest, The Property Monger and his off center sense of humor...and the fact he's a Yankee basher ;)
In honor of my fist Yankee Blog Swap, and considering The … (44 comments)
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xbroker: News From Around the Mortgage World - 12/15/06 12:28 PM
It’s been a week of meetings for me in California, so my blogging has been lacking. I’ve been popping around the web this morning to see what has been shaking in the mortgage world.
Weak west coast employment numbers, $266 Billion in ARM’s getting ready to reset, and recent (past-tense) liberalization … (22 comments)
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xbroker: The Morgage Industry’s Internal Civil War - 11/09/06 03:28 PM
YSP’s have gradually made their way into the American homeowners conscious, rising from relative obscurity. While this is progress, their use in relation to their intent is still misunderstood, manipulated, and maligned. Although more consumers are now aware that YSP’s are cash rebates Lenders pay for a borrower to accept … (146 comments)
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xbroker: Lending Tree is Bearing Bad Fruit - 11/01/06 12:33 PM
Lending Tree Accused of Unfair Business Practices
<-- Now you know why....
Unless you are 'in' the industry, news like this gets shuffled into the abyss.
I wrote a quick post recently regarding the caveats of dealing with e-lenders or online bankers and mortgage lead aggregation sites. The point of the post was that … (3 comments)
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xbroker: 10 X-Rated Resources - 10/28/06 03:58 PM
Mash-Up has to be the Web 2.0 “Word of the Year.” For those of you not in the know, a mash-up is the combination of two existing webservices to create something new, wherein the whole is greater than the sum of its parts.
Here are some of my favorites…
… (14 comments)
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