ARCHIVED BLOG POSTS
2011
4
Comments
A successful purchase story for March.I am privileged enough to work with several great Realtors with several different companies. I want to share the experience I had this past month with Vee Somoulaylack from the Hill Team Associates of Keller Williams in Worcester, MA. Vee called me a few days...
03/31/2011
FDIC Chairperson Shiela Bair headed a rules committee to redefine the current mortgage security model that can be sold as an investment in the form of a security. This comes on the heels of the Dodd/Frank legislation to tighten up the mortgage industry and their lending guidelines and the amount...
03/29/2011
This is a fantastic post by a fellow Active Rain writer. The author takes the time to detail the importance of having a good handle of your credit rating when invloved in a mortgage transaction. He also shows specifically the additional fees Fannie Mae charges for low credit scores. A clear and i...
03/28/2011
13
Comments
I don't like to ramble about perceived negative issues. But I'm so frustrated with the way Congress has stepped in, to regulate loan originator compensation I can't help myself. I think we can all agree that the mortgage industry was like the Wild West following the Dot Com Bubble and 9/11 traged...
03/28/2011
Mortgage Rate Outlook for the Week Beginning March 28th Call it the bull run that just doesn't care what negative issues are its way, the market continues to trend to the upside. We have made just about everything back that we lost in the market on the heels of the nuclear fears in Japan. Mortga...
03/27/2011
3
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It's been a successful couple of days in the life of "The Mortgage Buddy". My business plan at the beginning the year really focused on cultivating new referral partners and business relationships. This is one of the main reasons I'm on active rain. The last couple of days has really been ideal d...
03/24/2011
According to a report out today it looks like more so-called real estate experts and calling for a double dip in the housing market. Robert Schiller the co founder and developer of the famous market indicator the Case-Schiller Index is also the co-founder and Chief Market Economist for MacroMarke...
03/22/2011
Rate Outlook for the Week Beginning March 21st We have been navigating through a favorable rate environment the past few weeks. Starting with a successful 10yr bond auction a few weeks ago and then continuing with a the Middle East tensions and then most recently the tragic earthquake in Japan, r...
03/20/2011
I have been on ActiveRain for about 2 months and I have enjoyed my time so much. It's given me an opportunity to build new referral relationships and learn about what is working for people in the industry and what it isn't. It has also taught me about the importance of web presence and social...
03/16/2011
6
Comments
Starting next month the government is supposed to start regulating the pay of loan officers. This is in reaction to the credit crisis and another government example of trying to find a good platform to run for re-election on. The majority of the mortgage bozos have left the industry over the pas...
03/15/2011
Rainer
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John Saari
"The Mortgage Buddy"
Real Estate Resources
I decided to start writing this blog to be an education resource to my referral partners and my clients. We live in a new world of mortgage lending in which we need to be up to date on the changing underwriting guidlines and mortgage products offered. It's through these updates that we will all be able to provide our clients with the customer service they derserve and expect. It's my belief that this industry insight is what will take our business to the next level.
Education = Confidence