excellence: 20,000 Points!! - 08/13/07 03:05 AM
                                OK, so I know there are plenty of people out there with more, but I just hit 20,000 points and I thought that it was pretty darn cool!  I never thought I would see even 10K when I first got started on here, but wow...I'm just amazed!  I've learned a lot and hope to keep learning too.  Thanks for all the comments and support from those who check out my blogs, you guys are AWESOME!!
Tony D. HowellMortgage ConsultantOlympic Mortgage Consultants, Inc.910-264-7802www.TonyDHowell.com
(13 comments)

excellence: More Program Changes in the Mortgage Industry... - 08/13/07 02:37 AM
Just a recap of what's changing this past week.  If you have some deals going on, these changes could affect you.
Bear Stearns changed their product offerings on Friday. They suspended "No Ratio", NIVA, and "No Doc", all second home and investment loans, and their "No MI" programs.
Citi (at the risk of possibly repeating myself) is discontinuing the following programs: for Prime Lending, NIVA & NINA for Non-Agency Alt A, "Home on Time" (I guess they're going to be late...), and CRA Stated Income. Under the Expanded Lending (Non-Prime), they've discontinued Expanded Lending First Lien Stated Income Documentation Process and Expanded Lending … (4 comments)

excellence: Cracker Barrell Jumping Game - 08/12/07 08:25 AM
You've seen this game on every table at every one of the Cracker Barrel Old Country Stores.  I don't know the actual name for this little thing but it's a triangular piece of wood with 15 holes and 14 golf tees that is designed to frustrate and make us all fell like morons.
                                                  
The game seems simple enough: you start by leaving any one hole empty and then proceed to jump over a tee (which you then remove from the board) until there is only one tee left.  If you leave one you are a "genius", leave 2 you are "perty … (12 comments)

excellence: Olympic Mortgage Rated Top 5 by the Wall Street Journal - 08/08/07 06:36 AM
How many of you Realtors have heard the phrase, "We offer the BEST rates and customer service"?  I'm sure you all have, but how many loan orignators can back that statement up by reliable third party validation?  Olympic Mortgage Consultants, Inc. can!
We were recently "shopped" by someone from the Wall Street Journal and Olympic was rated one the the "Top 5 Most Competitive Companies in the Nation"!  We assumed it was a typical rate shop phone call, and a genuine customer.  We quoted a rate on a specific loan product and were asked to provide a Good Faith Estimate along with … (2 comments)

excellence: 42,000 Members! - 08/08/07 04:52 AM
On 8/3/2007 ActaiveRain hit 41,000 members.  In just 5 days over 1,000 new members have been added to our community.  The popularity is growing folks!  I truly believe that we are seeing exponential growth here and will see 50,000 in less than 2 weeks.  I also think we will see that figure double by the end of this year!If you are currently a member, keep blogging and stay active!  If you do not, you will get passed in the rankings by the newbies coming on everyday!  Remember to also visit http://www.localism.com/ and add pictures and communities to your area.  These "extra" … (8 comments)

excellence: National City Home Equity also ceases loan apps... - 08/08/07 03:19 AM
In the wake of all the mortgage gloom and doom, National City has also ceased to accept new loan applications.  This latest news adds to a list of major players out of the business.  OwnIt Mortgage, Fremont General Corporation, Ameriquest, H&R Block Mortgage, SouthStar Funding, Flick Mortgage/Mortgage Simple, American Home Mortgage / American Brokers Conduit, and Aegis, just to name a few.  For more, please check out www.lenderimplode.com to see the latest news on who has closed their doors to mortgage lending.
"SAN FRANCISCO (MarketWatch) -- National City Corp. (NCC : National City Corporation News , chart , profile , more 28.93, … (12 comments)

 

Tony D. Howell

Wilmington, NC

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