OK so I have posted my referral fee table on my website..it is deals that close and fund.  My personal opinion is that RESPA is a waste of time in terms of preventing kickbacks.  When I first started in 1999 being a loan officer my boss told me that she would meet in a car parking lot to give the cash to the realtor ..she said it was illegal but no one in the company specified RESPA..she said she was nervous everytime she did it..like someone might be watching...so I thought how pathetic that you base your business on if someone is watching instead of basing it on the law...no one is perfect but its what I thought.  The Vice President said that when a realtor sends three deals then they will pay for the advertisement in the realtor magazine...now everytime I look at an advertisement with a realtor and a mortgage company it reminds me of what my boss said.

I think that unenforceable laws are meant to set an example but RESPA doesn't teach the real estate community the desire to do business the right way...in fact if you violate RESPA the crime has already been committed and the customer has already been hurt.

I think with the recent mortgage crisis increased regulation will do one thing...challenge the rule breakers to figure out how to break the new set of rules!

Anyway, If I don't blog again before $th of July I wish y'all a Happy Fourth..let's remember the soldiers abroad who are in harms way..Let's remember the founding forefathers and the Women who didn't get mcuh credit for their role in making AMerica more free.

Happy Fourth....July, August, September..then its back to school season so get oyur sales now!