mortgage brokers: What the heck am I doing? - 12/08/08 05:16 AM
I'm sure you have all heard the old quote, "to get what you have never had, you must do what you have never done."  It's probably never been more appropriate than now.
I'm constantly amazed when people talk about not having business.  When questioned about what they are doing to drive business the response is usually aomething along the lines of, "I'm doing the same things I've always done."  Sure, the economic times are making it tougher on all of us.  But maybe we should be looking at our daily activities more closely now than ever.  The same old things are … (0 comments)

mortgage brokers: Credit Crunch - 12/03/08 03:17 AM
There is a lot of speculation that the credit crunch is going to tighten further.  I'm already seeing it in the mortgage industry.  Credit scores are dropping.
People with good credit are beginning to be affected.  The credit companies are tightening their requirements in general.  The biggest problems I am seeing is that available balances on credit lines and credit cards are being reduced.
As the gap between available credit and outstanding balances close, scores are being adversely affected.  It is making it appear that borrowers are maxed out on their credit cards and lines of credit. It is not just the … (3 comments)

mortgage brokers: Death of the Mortgage Broker? - 12/03/08 12:09 AM
Mortgage brokers are becoming a dying breed.  Across the nation, mortgage brokers are finding it more and more difficult to survive.  During the beginning of the mortgage industry debacle, many of the problems within the industry were laid at the brokers' feet.  Commonly cited reasons for the meltdown were exorbitant fees, higher interest rates than necessary and putting borrowers in homes they could not afford.
In the vast majority of cases, these claims were unfounded.  As the mortgage crisis has continued, it has become pretty clear that the brokers are not the ones to blame.  It was not the broker that … (7 comments)


Dan Chambless

Hoover, AL

More about me…

Capstone Mortgage, Inc.

Address: 212 Business Center Drive, Birmingham, AL, 35244

Office: (205) 987-3431

Fax: (866) 530-9750



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