Above and Beyond for My Clients

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Mortgage and Lending - Homestreet Bank - NMLS #404052
RECENT BLOG POSTS
Of course, that is a satire of the holiday song "Let it Snow! Let it Snow! Let it Snow!"  My jubilant rant regarding letting it loan is because the Homeownership Affordability Refinance Program (HARP) for mortgage holders has opened up a world of opportunities for those homeowners underwater.   I...
02/02/2012
Given my 15 years of wisdom(or attempts at wisdom), the question always arises in my mind as to what does attract and maintain a successful Loan Officer-Realtor partnership.   As I continue my quest to add more realtors to my database, I have now figured out that "The Rule of Seven" is necessary ...
12/04/2011
Even now, in today's real estate world, I hear these stereotype, ignorant comments:  "Police officers spend most of their time in the doughnut shop."." "Firemen spend most of their time playing poker in their firehouse"   " Realtors and mortgage professionals made EASY money up until 4 years ago"...
10/29/2011
WHEN I GREW UP IN FLORIDA AND SURFED ALL THE TIME, A CLASSMATE OF MINE DROWNED WHILE SURFING. HE GOT BLIND SIDED BY THE POWER OF A LARGE WAVE AND WIPED OUT. HE GOT SUCKED UNDERWATER, AND NEVER MADE IT BACK UP.  IT WAS TOO LATE FOR THE LIFEGUARD TO SAVE HIM.  IN THE AFTERMATH, THE LIFEGUARD KEPT G...
10/29/2011
We are all pitchers in this real estate world. That includes lenders, realtors, potential buyers. Many of us are "ace pitchers" who have been in this industry for a long time. However, we are not striking out batters as easily as in the early innings(2000-2006). Since mid-2007, we are now giving ...
10/29/2011
It is challenging enough to (1) find willing buyers, (2) buyers who qualify, and (3) a combination of the two that are not short sale transactions and are transactions that don't implode 3/4 of the way through the process. Today, every borrower is under increased scrutiny. Here is a checklist tha...
10/29/2011
USDA Loan Guidelines changed October 1, 2011.   For those of you not familiar with USDA (U.S Department of Agriculture) mortgages, it is a niche product that serves clients who wish to: live in a designated rural area take advantage of 100% financing take advantage of interest rates competitive w...
10/29/2011
All of you know I like to use sports analogies in my newsletters. I use a lot of football analogies. However, now that it is baseball season, I am going to use a baseball analogy. In baseball, if your team is winning late in the game(8th inning or beyond), a team usually brings a relief pitcher o...
04/14/2011
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As lending guidelines have tightened up(along with my arteries), I have had to make some hard decisions. I have learned,during these challenging times that working not only harder, but smarter has been the key to my survival.   When I am dealing with underwriting conditions that I feel are unreas...
04/14/2011
Sorry, I love to use NFL sports analogies, so I will use one now. Very soon, our mortgage industry has an upcoming penalty from FHA. Good news, I have some offsets for that. First things first: FHA PENALTY Effective April 18th, any FHA case number (applies to every lender) has the mortgage insura...
03/17/2011
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Paul W. Thompson

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