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Forget about it

By Jay Beckingham

Mortgage and Lending with Christensen Financial Mortgage 385907

December 29, 2010 11:59 PM

2010

wow, I've been in the mortgage industry for over 30 years, but I'm not sure I've had this much fun.

GFE

They gave us a new GFE, actually they forced it upon us. It's 3 pages and replaces the 1 page form. HUH? I need another form to actually explain what the buyers real costs should be. That makes sense, right?

NMLS

Anybody out there know what the letters stand for? Guessing is permitted. Anybody out there have any idea whether this will be helpful or not? Does this change anything?

Nope

(nationwide mortgage licensing system?)

MERS

Has anyone seen my mortgage around here? Who owns it? Who knows? Lots more to come here.

ROBO Signing

Getting paid just to sign documents as fast as I can. Cool! Wonder what they say?

Appraisers

Who are they? I don't know them anymore. I can't talk to them. I'm curious as to how they determine these values anyway. I may never know. Do they?

Mortgage Brokers

They never underwrote a single file, BUT were responsible for all of the decisions, or it seems that way.

how can that be?

Well, I could go on, and on, and on, and you can feel free to add anything you want, whatever.

here's the bottom line, as I see it.

whatever it was that YOU didn't like, whatever really p----- YOU off

FORGET ABOUT IT!

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Barbara Michaluk

Weichert Realtors | Phone Direct 240-506-2434 | 301-681-0550 office - Silver Spring, MD

Leisure World Specialist / Full Service REALTOR

Yes, it sounds from other lenders that it's getting quite challenging to be in the mortgage business. Best wishes on hanging in there during these challenges.

Dec 30, 2010 12:02 AM

Jay Beckingham

Christensen Financial Mortgage - Port St Lucie, FL

Seniors ROCK!

Barbara,

my goal is to be the last lender standing.

it is challenging...i'm up for it.

thanks,

jay

Dec 30, 2010 12:04 AM

Dan Edward Phillips

Dan Edward Phillips - Eureka, CA

Realtor and Broker/Owner

Good Morning Jay, thanks for sharing your input on 2010, best wishes for 2011!

Dec 30, 2010 12:06 AM

Dan,

thanks

the bottom line; more than ever we all need to work together.

Dec 30, 2010 12:08 AM

Clark Cook

1st Choice Realty of Fayetteville, LLC - Fayetteville, NC

Marketing Homes For Sale In Fayetteville NC Area

Change and challenge are with us for life. We can adapt or adjust or get left behind! Happy New Jay, and I like your resolve to be the last lender standing!

Dec 30, 2010 12:12 AM

John Souerbry

Cordon Real Estate - Fairfield, CA

Homes, Land & Investments

The insane are running the asylum.

"In an insane world, the sane man must appear insane..."

Dec 30, 2010 12:16 AM

Team Honeycutt

Allen Tate - Concord, NC

Lenders are in the same boat Realtors are. We work twice as hard to get to the closing table because of all of the changes toforms, requirements, the economy. I lost 2 sales this month due to the buyers losing jobs.

Dec 30, 2010 01:48 AM

Clark,

i've experienced a great deal in this industry over the last 30 years, and i'm not going quietly into the night.

John,

okay, now i feel better, i was beginning to think it was me (maybe it is).

they're comin to take me away; ha ha he he ho ho

Allen,

sorry about your misfortune, and that of your clients.

we will accept the challenges and we will win.

Dec 30, 2010 02:29 AM

TERRY DRISCOLL

MAINE HOME REALTY - Bath, ME

REALTOR - Buy or Sell in Any Season!

Jay - I agree, forget that something irritated the heck out of you, but don't forget what you learned from it. These days, real estate is almost as difficult as commercial air travel! Last lender standing - I like that - All the best in 2011!

Jan 10, 2011 05:36 AM

Terry,

i agree pretty much everything that happens to us can be a learning experience, some that just seem to irritate us need to be put behind us, and left in the past.

i've been a lender for over 30 years, much of that time in NH and maine. i plan on sticking around.

Jan 10, 2011 11:42 PM

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Jay Beckingham

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