I had a pretty crazy week. I have done many transactions in my career, but this week two of my borrower's did such egregious acts, that I am at a complete loss. A third potential borrower wasted hours and hours of my time and his agents. All three lied. One committed a criminal act.Are thi
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09/10/2007
With all of the negative news, its very hard for our clients to not get caught up in the negativity. Tons of foreclosures, banks going out of business, too much inventory, dramatic warnings of double-digit depreciation."I am going to wait until things settle down" is commonly heard. You may wa
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09/06/2007
Last week, I wrote a blog called, Here It Is... The New FHA Loan Program - FHASecure - Mortgage Lates and 100%+ CLTV Allowed. It detailed the new FHA program that is supposed to help up to 250,000 save their homes from resetting adjustable rate mortgages over the next few years.Today, I took my
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09/05/2007
I have built my mortgage business on referrals. The way I get most of these referrals, the first time, is through education. My newsletter, my mailings, this blog, nearly everything I do is meant to help educate. I don't send recipes and football schedules and postcards that scream, "rates a
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09/04/2007
Last week, I got a call from a real estate agent who wants to interview me to be one of his referral partners, one of his preferred lenders."Aaron, I have heard great things about you. I read your newsletter each month. I know you know what you are doing and in today's market, that's what I nee
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09/02/2007
Earlier today, I wrote about the President's new game plan on the mortgage crisis. George W Comes to the Aid of The Mortgage Mess - Are The Tides Finally Turning??By day's end, FHA announced their new plan to help nearly 250,000 people save their home from adjustable rate mortgages that reset too
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08/31/2007
A few days ago I blogged about the Fed Chief's ideas to help out the mortgage mess. The Fed Chief Chimes in On A Cure For the Mortgage Mess - Higher FHA Loan Limits is a Great Place to Start Today, the Commander in Chief has chimed in. George W came out and outlined some ideas that will help t
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08/31/2007
The Federal Reserve chairman, Ben Bernanke, came out today and offered his opinion on the cure for the mortgage mess. If the powers that be listen, I believe its the first step on the lengthy road to recovery.Bernanke suggested a wider range of mortgage products for low income and other borrowe
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08/30/2007
On my most recent blog I wrote about loans that home buyers can get even if they don't have a social security number. In the comments, Janet Guilbault, California Mortgage Expert, a fellow Active Rain member, whose opinions I respect, asked if I would write a blog about what is going on in the L
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08/28/2007
I have a home builder client who aggressively markets to the Hispanic community. His marketing was doing very well and about six months ago, he asked us to help him get a loan product that would allow him to sell homes to people without social security cards but who had Individual Taxpayer Ident
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08/27/2007
