https://activerain.com/blogs/moorecredit en-us https://activerain.com/blogsview/697099/things-are-changing----again---- Wild Markets, The Fed, and Opportunities Uncertainty in Financial Markets Could Cause Dramatic Rise in Existing ARMs at Next Adjustment If you or anyone you know has an Adjustable Rate Mortgage, this is an important point to consider. Many ARM loans are tied to the London Interbank Offered Rate (LIBOR). In fact, there are six million loans in the United States that use LIBOR to determine the interest rate and as the name suggests, many banks use this rate to lend money to each other. But, today, banks lack confidence that the money they lend will be paid back. In light of what has happened with Lehman Brothers, IndyMac Bank and others, as well as AIG, banks are requiring much higher rates on LIBOR to offset the added risk. The Federal Reserve Left Rates Unchanged but...The Federal Reserve met yesterday leaving the target rate unchanged at 2.00% but just like LIBOR the actual rate being charged by banks to each other is closer to 6.00%. This again suggests that those with ARM loans should consider a refinance into historically low fixed rates. What Happened? Financial companies have been under attack. IndyMac was the largest bank to falter in twenty years. What brought IndyMac down was their exposure to defaulting loans. This sapped investor confidence and drove down the stock price until they filed for bankruptcy. Following IndyMac, we saw Fannie Mae, Freddie Mac, Lehman Brothers and Merrill Lynch succumb and were either forced into conservatorship, to close their doors, or to sell themselves. AIG, the world's largest insurance company was also impacted, forced to make a deal with the U.S. government to stay in business. Sam Sams Thu, 18 Sep 2008 01:48:08 -0700 https://activerain.com/blogsview/697099/things-are-changing----again---- https://activerain.com/blogsview/697097/things-are-changing- Wild Markets, The Fed, and Opportunities Uncertainty in Financial Markets Could Cause Dramatic Rise in Existing ARMs at Next Adjustment If you or anyone you know has an Adjustable Rate Mortgage, this is an important point to consider. Many ARM loans are tied to the London Interbank Offered Rate (LIBOR). In fact, there are six million loans in the United States that use LIBOR to determine the interest rate and as the name suggests, many banks use this rate to lend money to each other. But, today, banks lack confidence that the money they lend will be paid back. In light of what has happened with Lehman Brothers, IndyMac Bank and others, as well as AIG, banks are requiring much higher rates on LIBOR to offset the added risk. The Federal Reserve Left Rates Unchanged but...The Federal Reserve met yesterday leaving the target rate unchanged at 2.00% but just like LIBOR the actual rate being charged by banks to each other is closer to 6.00%. This again suggests that those with ARM loans should consider a refinance into historically low fixed rates. What Happened? Financial companies have been under attack. IndyMac was the largest bank to falter in twenty years. What brought IndyMac down was their exposure to defaulting loans. This sapped investor confidence and drove down the stock price until they filed for bankruptcy. Following IndyMac, we saw Fannie Mae, Freddie Mac, Lehman Brothers and Merrill Lynch succumb and were either forced into conservatorship, to close their doors, or to sell themselves. AIG, the world's largest insurance company was also impacted, forced to make a deal with the U.S. government to stay in business. Sam Sams Thu, 18 Sep 2008 01:46:32 -0700 https://activerain.com/blogsview/697097/things-are-changing- https://activerain.com/blogsview/697093/things-are-changing- Wild Markets, The Fed, and Opportunities Uncertainty in Financial Markets Could Cause Dramatic Rise in Existing ARMs at Next Adjustment If you or anyone you know has an Adjustable Rate Mortgage, this is an important point to consider. Many ARM loans are tied to the London Interbank Offered Rate (LIBOR). In fact, there are six million loans in the United States that use LIBOR to determine the interest rate and as the name suggests, many banks use this rate to lend money to each other. But, today, banks lack confidence that the money they lend will be paid back. In light of what has happened with Lehman Brothers, IndyMac Bank and others, as well as AIG, banks are requiring much higher rates on LIBOR to offset the added risk. The Federal Reserve Left Rates Unchanged but...The Federal Reserve met yesterday leaving the target rate unchanged at 2.00% but just like LIBOR the actual rate being charged by banks to each other is closer to 6.00%. This again suggests that those with ARM loans should consider a refinance into historically low fixed rates. What Happened? Financial companies have been under attack. IndyMac was the largest bank to falter in twenty years. What brought IndyMac down was their exposure to defaulting loans. This sapped investor confidence and drove down the stock price until they filed for bankruptcy. Following IndyMac, we saw Fannie Mae, Freddie Mac, Lehman Brothers and Merrill Lynch succumb and were either forced into conservatorship, to close their doors, or to sell themselves. AIG, the world's largest insurance company was also impacted, forced to make a deal with the U.S. government to stay in business. Sam Sams Thu, 18 Sep 2008 01:42:48 -0700 https://activerain.com/blogsview/697093/things-are-changing- https://activerain.com/blogsview/526450/my-absence To all of my friends. I am not able to communicate with you during the day. My company has found it necessary to block active rain on its main server for whatever reason. I am still available for you and your customers. I will be on the rain in the evenings so if you need me just drop me an email at d.moore@rmcninc.com. I am looking forward to hearing from each of you. Sam Sams Tue, 27 May 2008 15:03:41 -0700 https://activerain.com/blogsview/526450/my-absence https://activerain.com/blogsview/521606/when-did--free--become-a-bad-thing- So I am talking with one of my mortgage offices yesterday. She has a client that needs my assistance but her credit was in the upper 600's on all three reports. I looked at the report and told the mortgage office that the customer really didnt need to get on the program. She had some minor problems that could be taken care of herself. I told the mortgage officer to have the customer call me and I would tell her what she could do to get her score's in the 700's within two to three months. This lady refused to call me for a "free" consultation. She told her mortgage officer that it is just a scam so that I can try to talk her into getting on the program. She explained that there is no cost, no fee, and it would take about 10 to 15 minutes of her time. Why are people like this? Sam Sams Fri, 23 May 2008 01:24:13 -0700 https://activerain.com/blogsview/521606/when-did--free--become-a-bad-thing- https://activerain.com/blogsview/520383/business-ethics When did it become o.k. to charge a customer more because they make more money? I see this all the time. I had a friend call on a service and they asked him what he did for a living. He told them what he did and how much money he made a year. Then I went to check on the same product. I told him what I did and how much I make a year and he quoted me $400 more then my buddy. What the hell man? A service or a product cost what it cost. Some people are just jack a___! The more people I talk to the more I see this is going on in the business world. Charge a fair price and be consistent. I don't think that is asking too much is it? Sam Sams Thu, 22 May 2008 04:13:27 -0700 https://activerain.com/blogsview/520383/business-ethics https://activerain.com/blogsview/508093/happy-hour-tonight-for-dallas-ft-worth-active-rain--please-post-if-you-are-going-to-attend- Lets get a head count! Im in! Sam Sams Tue, 13 May 2008 02:20:00 -0700 https://activerain.com/blogsview/508093/happy-hour-tonight-for-dallas-ft-worth-active-rain--please-post-if-you-are-going-to-attend- https://activerain.com/blogsview/508018/the-people-that-need-help-are-finding-a-way- This is just a great story and I wanted to share. A single mom with three kids called me last month as a mortgage referral. She was having some serious problems with her credit. She works two jobs and gets no help from her ex with child support. I checked her situation and told her that we could help her. She was able to put $50.00 down a week for 4 weeks and then paid off the rest with her IRS check she just received. This allowed us to start on day one with the first payment. She called me yesterday crying. I asked her what was wrong. She said she received her first round of resluts and she had 31 deletions. She went to her mortgage officer and they pre approved her for $125,000 to buy a home. She was crying because everywhere she turned nobody would help her until she found us. She called 3 or 4 other companies and they told her she had to pay everything up front. She told me that we were a last ditch effort to help get her life back together. This lady is why I do what I do. She will be able to get a small home with a back yard so her kids will have a place to play. That was her dream. For her young children to have a back yard. That was all. I went home yesterday and made some coffee. I went and sat on my back porch and just looked around. We take for granted the things we have every day when there are people struggling to just have a safe place for the kids to play. I actually felt asshamed of myself for some of the things I have. I told a buddy about this lady last night and it was all I could do to keep from breaking down. He has a company and today is sending her $500 so she can buy a swing set for her kids to put in her back yard. I guess my point is if you want it bad enough you will find a way. This lady did and I am so proud of her for doing it. P.S. the mortgage officer that sent her to me found me on active rain. Sam Sams Tue, 13 May 2008 01:39:14 -0700 https://activerain.com/blogsview/508018/the-people-that-need-help-are-finding-a-way- https://activerain.com/blogsview/500067/what-would-it-take-for-you-to-send-your-client-s-for-credit-repair- I guess I just don't understand. I know that there are several of you clients that need our services. I know that if we could get their credit fixed that you would be able to get them into a home. I know that if you can't get them into a home you wont make any money and you wont be able to help someone that in most case you want to help. The loan officers that we are dealing with are closing more deals. The real estate professional's that use our services are getting more people in more homes. This is just a math problem that I feel is easy but possibly I am missing something.Credit Repair + Good service from you = A happy customer in a home.PLEASE help me understand why you would not send your client to me for a "FREE" consultation. Sam Sams Wed, 07 May 2008 02:36:16 -0700 https://activerain.com/blogsview/500067/what-would-it-take-for-you-to-send-your-client-s-for-credit-repair- https://activerain.com/blogsview/500064/what-would-it-take-for-you-to-send-your-clients-for-credit-repair- I guess I just don't understand. I know that there are several of you clients that need our services. I know that if we could get their credit fixed that you would be able to get them into a home. I know that if you can't get them into a home you wont make any money and you wont be able to help someone that in most case you want to help. The loan officers that we are dealing with are closing more deals. The real estate professional's that use our services are getting more people in more homes. This is just a math problem that I feel is easy but possibly I am missing something.Credit Repair + Good service from you = A happy customer in a home.PLEASE help me understand why you would not send your client to me for a "FREE" consultation. Sam Sams Wed, 07 May 2008 02:35:09 -0700 https://activerain.com/blogsview/500064/what-would-it-take-for-you-to-send-your-clients-for-credit-repair- https://activerain.com/blogsview/497768/new-networking-group O.K. folks. If you are in the North Texas Area and are interested in joining our group which will be meeting once a month for happy hour please go to this group and let us know you are interested!http://activerain.com/groups/NTNG Sam Sams Mon, 05 May 2008 09:55:19 -0700 https://activerain.com/blogsview/497768/new-networking-group https://activerain.com/blogsview/497764/now-we-have-a-home- O.K. here we go! This is going to be great! Sam Sams Mon, 05 May 2008 09:53:23 -0700 https://activerain.com/blogsview/497764/now-we-have-a-home- https://activerain.com/blogsview/492205/topless-or-not- Bet that got some attention!Anyway I recently had a situation that I could use some advice from active rainers. (Is that a word?) I had a mortgage officer want to meet for lunch. I told him where we could meet and we would just find somewhere in the area to get a bite to eat. "MY Treat" Well this is a big time client. He sends 6 to 8 people to me a month and 90% of these clients actually sign up. We meet and he knows this great place just up the road. Perfect! He gets in my truck (Yes I live in Texas so I drive a Truck) and we head up the road to.......... The Mens Club. From the name you can guess what type of bar this is. Very nice, high class, and great ....... *view*........  but was this very professional? I mean I like looking as much as the next guy but I actually had business to discuss. This cost me about $150 for lunch which I dont mind because he brings me a ton of business. How would you handle this? Would you leave it alone and make sure the rest of your meetings were not where you would get distracted? Sam Sams Thu, 01 May 2008 06:16:01 -0700 https://activerain.com/blogsview/492205/topless-or-not- https://activerain.com/blogsview/492203/topless-or-not- Bet that got some attention!Anyway I recently had a situation that I could use some advice from active rainers. (Is that a word?) I had a mortgage officer want to meet for lunch. I told him where we could meet and we would just find somewhere in the area to get a bite to eat. "MY Treat" Well this is a big time client. He sends 6 to 8 people to me a month and 90% of these clients actually sign up. We meet and he knows this great place just up the road. Perfect! He gets in my truck (Yes I live in Texas so I drive a Truck) and we head up the road to.......... The Mens Club. From the name you can guess what type of bar this is. Very nice, high class, and great ....... *view*........  but was this very professional? I mean I like looking as much as the next guy but I actually had business to discuss. This cost me about $150 for lunch which I dont mind because he brings me a ton of business. How would you handle this? Would you leave it alone and make sure the rest of your meetings were not where you would get distracted? Sam Sams Thu, 01 May 2008 06:15:21 -0700 https://activerain.com/blogsview/492203/topless-or-not- https://activerain.com/blogsview/491915/come-on-people--pull-your-freaking-head-out- GET YOUR FREAKING CREDIT FIXED! OMG Come on people. I am sorry and I need to vent. Take that money and make a difference in your life. If you use the money as a down payment on anything that you have to finance you interest rate is going to suck. I don't understand these people who call me and say they need to have there credit fixed but it cost too much money. TO MUCH MONEY! Bad credit usually ends up in throwing a ton of money away and having a bad future. Do something different! Get you life back on track. More good credit means more home's sold and more car's sold which helps the ecomony. **SIGH** I had a bad call this morning. A customer would rather pay $700 and go on a thee day cruise. I can fix the person's credit with that $700. Three days on a boat compaired to 7 years of bad credit. I JUST DON'T GET IT! Sam Sams Thu, 01 May 2008 02:36:06 -0700 https://activerain.com/blogsview/491915/come-on-people--pull-your-freaking-head-out- https://activerain.com/blogsview/491913/come-on-people--pull-your-freaking-head-out- GET YOUR FREAKING CREDIT FIXED! OMG Come on people. I am sorry and I need to vent. Take that money and make a difference in your life. If you use the money as a down payment on anything that you have to finance you interest rate is going to suck. I don't understand these people who call me and say they need to have there credit fixed but it cost too much money. TO MUCH MONEY! Bad credit usually ends up in throwing a ton of money away and having a bad future. Do something different! Get you life back on track. More good credit means more home's sold and more car's sold which helps the ecomony. **SIGH** I had a bad call this morning. A customer would rather pay $700 and go on a thee day cruise. I can fix the person's credit with that $700. Three days on a boat compaired to 7 years of bad credit. I JUST DON'T GET IT! Sam Sams Thu, 01 May 2008 02:34:50 -0700 https://activerain.com/blogsview/491913/come-on-people--pull-your-freaking-head-out- https://activerain.com/blogsview/487788/rmcn-service-s-over-600-new-clients-this-month- I don't typically advertise on Active Rain but: WOW!We have to yank our chain ... yank yank yank. It's working! We are helping more people get into homes day in and day out. How many more months are you going to let your low credit customers not call me? You want to put more people into more homes but what are you doing about it?Remember we are not magic. The customer has to qualify for our program. We don't tell them we can help them until we look at the credit report. Let me help you close more loans.Want some information about our company? Just ask! I will send information for you to review. Sam Sams Mon, 28 Apr 2008 06:22:55 -0700 https://activerain.com/blogsview/487788/rmcn-service-s-over-600-new-clients-this-month- https://activerain.com/blogsview/487783/rmcn-service-s-over-600-new-clients-this-month- I don't typically advertise on Active Rain but: WOW!We have to yank our chain ... yank yank yank. It's working! We are helping more people get into homes day in and day out. How many more months are you going to let your low credit customers not call me? You want to put more people into more homes but what are you doing about it?Remember we are not magic. The customer has to qualify for our program. We don't tell them we can help them until we look at the credit report. Let me help you close more loans.Want some information about our company? Just ask! I will send information for you to review. Sam Sams Mon, 28 Apr 2008 06:19:56 -0700 https://activerain.com/blogsview/487783/rmcn-service-s-over-600-new-clients-this-month- https://activerain.com/blogsview/487401/women-be-careful- What a weekend. Before I get started I must first say she is O.K. Saturday morning my wife was leaving the casino in Oklahoma. Morning daylight and all is going well. A huge woman walks up behind her, grabs the strap of her purse, and hits her in the eye. My wife hangs on to the purse and swings around and pop's the lady back in the face. The lady then falls. She gets up to come back after my wife and supprise.......pepper spray right in the face! My wife has a injured hand and a huge black eye.The woman is now in jail facing attempted robbery and assault. What she did not know is my wife is a cop. Bad choice of people to rob. Would you have been prepared? Daylight in the parking lot of a company with camera's everywhere. Be aware of your surroundings. Keep some type of protection with you at "all" times! Sam Sams Mon, 28 Apr 2008 02:42:37 -0700 https://activerain.com/blogsview/487401/women-be-careful- https://activerain.com/blogsview/487400/women-be-careful- What a weekend. Before I get started I must first say she is O.K. Saturday morning my wife was leaving the casino in Oklahoma. Morning daylight and all is going well. A huge woman walks up behind her, grabs the strap of her purse, and hits her in the eye. My wife hangs on to the purse and swings around and pop's the lady back in the face. The lady then falls. She gets up to come back after my wife and supprise.......pepper spray right in the face! My wife has a injured hand and a huge black eye.The woman is now in jail facing attempted robbery and assault. What she did not know is my wife is a cop. Bad choice of people to rob. Would you have been prepared? Daylight in the parking lot of a company with camera's everywhere. Be aware of your surroundings. Keep some type of protection with you at "all" times! Sam Sams Mon, 28 Apr 2008 02:41:49 -0700 https://activerain.com/blogsview/487400/women-be-careful- https://activerain.com/blogsview/483201/why-men-don-t-write-advice-columns- Dear Walter : I hope you can help me here. The other day I set off for work leaving my husband in the house watching the TV as usual. I hadn't gone more than a mile down the road when my engine conked out and the car shuddered to a halt. I walked back home to get my husband's help. When I got home I couldn't believe my eyes. He was in our bedroom with the neighbor lady. I am 32, my husband is 34 , and we have been married for twelve years. When I confronted him, he broke down and admitted that they had been having an affair for the past six months. I told him to stop or I would leave him. He was let go from his job six months ago, and he says he has been feeling increasingly depressed and worthless. I love him very much, but ever since I gave him the ultimatum he has become increasingly distant. He won't go to counseling and I'm afraid I can't get through to him anymore. Can you please help?Sincerely, SheilaDear Sheila : A car stalling after being driven a short distance can be caused by a variety of faults with the engine. Start by checking that there is no debris in the fuel line. If it is clear, check the vacuum pipes and hoses on the intake manifold and also check all grounding wires. If none of these approaches solves the problem, it could be that the fuel pump itself is faulty, causing low delivery pressure to the carburetor float chamber.I hope this helps.-Walter Sam Sams Thu, 24 Apr 2008 08:31:57 -0700 https://activerain.com/blogsview/483201/why-men-don-t-write-advice-columns- https://activerain.com/blogsview/483198/why-men-don-t-write-advice-columns- Dear Walter : I hope you can help me here. The other day I set off for work leaving my husband in the house watching the TV as usual. I hadn't gone more than a mile down the road when my engine conked out and the car shuddered to a halt. I walked back home to get my husband's help. When I got home I couldn't believe my eyes. He was in our bedroom with the neighbor lady. I am 32, my husband is 34 , and we have been married for twelve years. When I confronted him, he broke down and admitted that they had been having an affair for the past six months. I told him to stop or I would leave him. He was let go from his job six months ago, and he says he has been feeling increasingly depressed and worthless. I love him very much, but ever since I gave him the ultimatum he has become increasingly distant. He won't go to counseling and I'm afraid I can't get through to him anymore. Can you please help?Sincerely, SheilaDear Sheila : A car stalling after being driven a short distance can be caused by a variety of faults with the engine. Start by checking that there is no debris in the fuel line. If it is clear, check the vacuum pipes and hoses on the intake manifold and also check all grounding wires. If none of these approaches solves the problem, it could be that the fuel pump itself is faulty, causing low delivery pressure to the carburetor float chamber.I hope this helps.-Walter Sam Sams Thu, 24 Apr 2008 08:31:09 -0700 https://activerain.com/blogsview/483198/why-men-don-t-write-advice-columns- https://activerain.com/blogsview/483192/why-men-don-t-write-advice-columns- Dear Walter : I hope you can help me here. The other day I set off for work leaving my husband in the house watching the TV as usual. I hadn't gone more than a mile down the road when my engine conked out and the car shuddered to a halt. I walked back home to get my husband's help. When I got home I couldn't believe my eyes. He was in our bedroom with the neighbor lady. I am 32, my husband is 34 , and we have been married for twelve years. When I confronted him, he broke down and admitted that they had been having an affair for the past six months. I told him to stop or I would leave him. He was let go from his job six months ago, and he says he has been feeling increasingly depressed and worthless. I love him very much, but ever since I gave him the ultimatum he has become increasingly distant. He won't go to counseling and I'm afraid I can't get through to him anymore. Can you please help?Sincerely, SheilaDear Sheila : A car stalling after being driven a short distance can be caused by a variety of faults with the engine. Start by checking that there is no debris in the fuel line. If it is clear, check the vacuum pipes and hoses on the intake manifold and also check all grounding wires. If none of these approaches solves the problem, it could be that the fuel pump itself is faulty, causing low delivery pressure to the carburetor float chamber.I hope this helps.-Walter Sam Sams Thu, 24 Apr 2008 08:28:50 -0700 https://activerain.com/blogsview/483192/why-men-don-t-write-advice-columns- https://activerain.com/blogsview/481001/the-art-of-saying--no- How many times have you told a customer that you could not help them. Come on! I tell at least 2 people a day that they are not a good fit for my companies program but I can give them advice on what to do to help themselves in the future. Sometimes good, professional, and honest advice is the best thing you can give a customer. You may be able to possibly send them to someone who can help them and return them back to you as a qualified customer or even gain a good referral source. Keep in mind that one of the best things you can do in sales is learn how to say "NO" without saying "NO"! Sam Sams Wed, 23 Apr 2008 02:17:05 -0700 https://activerain.com/blogsview/481001/the-art-of-saying--no- https://activerain.com/blogsview/480999/the-art-of-saying--no- How many times have you told a customer that you could not help them. Come on! I tell at least 2 people a day that they are not a good fit for my companies program but I can give them advice on what to do to help themselves in the future. Sometimes good, professional, and honest advice is the best thing you can give a customer. You may be able to possibly send them to someone who can help them and return them back to you as a qualified customer or even gain a good referral source. Keep in mind that one of the best things you can do in sales is learn how to say "NO" without saying "NO"! Sam Sams Wed, 23 Apr 2008 02:16:10 -0700 https://activerain.com/blogsview/480999/the-art-of-saying--no-