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Mortgage Pro Week In Review

By
Mortgage and Lending with Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 NMLS ID# 158606

Calling all loan officers...... and anyone else daring.... The Mortgage Week in Review

Well....here it is...the much awaited WIR Week in Review for the infamous Mortgage Pros.  I was honored, humbled and terrified when my friend, Jeff "The mortgage Stud" Belonger asked me to take a ride on his coattails to do a WIR.  So without further adieu, here are our greats of the week between March 17th through March 23rd. 

We Start the Week with something ah honorable mention.  Tina Farinas went beyond wishing all a happy Easter, in describing the meaning of Easter in her post, The True Meaning of Easter.  Although Tina is not in mortgages, her passion for the meaning of Easter is evident to all who read it. 

Now to Mortgages my friends:

New appraisal Code Comment Period.  In this post, Trevor Jules explains that the entire appraisal system is being overhauled and the new implementation period will be Jan 1, 2009, but the comment period is now.  You need to comment now to have any say in the future of appraisals.

Taking a Bite out of the Credit Crunch!  Jason Sardi tells all about the Fed Rate cuts and how that will affect the economy, mortgages and the future of real estate.

100 percent financing, 5 percent down mortgages...What Declining Market? Mortgage Financing with Little or No Money Down Bill Nazur explains declining markets, the interface with lending agencies and how it affects you as a real estate professional while interfacing with low downpayment loans.  Great educational post.

Bear Bites Bear, Stearns. What's Under the Covers?Mike Jones goes into depth to educate you on what happened in the The Bear Stearns fiasco.

Credit Repair VS. Credit Optimization  Kevin Whatley gives a great breakdown on credit repair vs. optimizing your credit as well as the things you need to know to distinguish between the two to get your borrowers where they need to be.  This is a great educational post.

Tampa Bay Mortgage Refinance | Reasons to Refinance Your Mortgage Leah Ross' post gives mortgage professionals reasons and encouragement in to "getting after" the refi market with your clientele.

Your Lenders Are Spying On Your Clients Rick Kellow asks if lenders are spying on your clients and tells you how to prevent them from backending you in order to steal your deal.

1932 and 2008... will the economic crisis lead to political change? My good friend, Rich Sweum talks about the parallel between the markets in two eras and proposes a hypothesis on how it may affect or create a huge political change.

Discover the Questions that Create Success A long time friend and mentor goes deep into coaching here.  Tom Ninness delves into how to leverage that high value professional that you're about to interview.  Great pearls of wisdom here.

So there's this little Mortgage Contest going on... Jason Sardi gives all mortgage people a good opportunity to earn some points as well as hone their creative mortgage writing skills.  But you only have 1 week to strut your stuff.

There will be no recreations of any type regarding the titles or content of this group or Review without the permission and expressed written consent of the Group's founder- Copyright 2008©

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Comments(23)

Dionne Bass
Ask The Underwriter - Atlanta, GA
Blog: Ask The Underwriter

Great Post Larry,

It's amazing that I've only read a few of these.  So many blogs so little time! 

Mar 24, 2008 06:52 AM
Matthew J Blum - (retired from the business)
Palm Beach Gardens, FL
Larry, Nice job. I know these are never easy to do although I would of kept religion out of it because I have found it is a very personal choice.
Mar 24, 2008 06:54 AM
Pam Winterbauer
Pam Winterbauer Real Estate - San Ramon, CA
"Providing Blue Ribbon Service"
Larry....this is really great stuff.  Now I just need to make the time to read these.
Mar 24, 2008 07:52 AM
Jennifer Monroe
Indigo Home Team powered by Compass - Charlotte, NC
Real Estate REALTOR®/Broker/Designer

Nice round up Larry and I am totally laughing at Mike's change to his clever logo! "The Haiku Guy"! For those who wonder why - just head over to his blog and catch up on his terrific submissions into the Mortgage Creative Writing Challenge! 

I am also very appreciative to you Larry for including Sardi's post(s) here as well - we're looking forward to more entries.

Mortgage blogs can be fun!! 

Mar 24, 2008 11:29 AM
Neal Bloom
Brokered by eXp Realty LLC - Weston, FL
Realtor CRS-Weston FL Real Estate

Larry,

good job...just as good as when you did the regular review way back when!

Mar 24, 2008 11:41 PM
Eleanor Thorne
Equity Resources - Cary, NC
Advantage Lending 919-649-5058

LARRY!  I just had time to read all of these - GREAT CHOICES!  I've bookmarked several!  I know this took time - and I appreciate it!  (mortgage stud!  LOL!)

GOOD SELLING!  -E.

Mar 25, 2008 01:03 AM
Midori Miller
Talk 2 Midori, LLC - Daytona Beach, FL
Online Marketing For Real Estate Professionals
Hi Larry-great selections...
Mar 26, 2008 03:32 AM
-- Casey Brischle
Columbia Bank - Spokane, WA
Spokane Home Loan Mortgage Professional
Excellent post!
Mar 26, 2008 03:58 AM
Larry Bettag
Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - Saint Charles, IL
Vice-President of National Production

Dan...have fun....alll good stuff.

Jason...you're welcome.  I want to participate, but I'm on vacation with 5 kids.

Mike...you're welcome...wish I could participate

D. Bass....thanks...

Matt....you can't get to each and every one either.  That's the sad part.

Pam....just read one at a time.

Jennifer...you're welcome

Mar 27, 2008 03:18 AM
Larry Bettag
Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - Saint Charles, IL
Vice-President of National Production

Thanks Neal...cut my teeth on your WIR.

Eleanor...glad you appreciate my warped sense of humor.

Midori...thanks.

Case...glad you approve.

Mar 27, 2008 03:20 AM
Larry Bettag
Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - Saint Charles, IL
Vice-President of National Production

Thanks Neal...cut my teeth on your WIR.

Eleanor...glad you appreciate my warped sense of humor.

Midori...thanks.

Case...glad you approve.

Mar 27, 2008 03:20 AM
Thesa Chambers
West + Main - Bend, OR
Principal Broker - Licensed in Oregon
what a nice list of great links with wonderful info - this is certainly a bookmark post - thanks for sharing
Mar 27, 2008 06:14 PM
Larry Bettag
Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - Saint Charles, IL
Vice-President of National Production
Thesa....you're welcome and your feedback after the reads are what I'm looking for
Mar 28, 2008 02:40 PM
Whitney Yasso
Sliva Captial - Honolulu, HI

Thanks For Posting This Information.Very Great Information.

Mar 28, 2008 03:41 PM
Jeff Belonger
Social Media - Infinity Home Mortgage Company, Inc - Cherry Hill, NJ
The FHA Expert - FHA Loans - FHA mortgages - USDA loans - VA Loans

Larry......  nice job.... thanks for doing this. But where am I?   lol   Whoops, I haven't blogged in 2 weeks. And thanks for the kudos.  Much appreciated, but I think stud was over used... lol  Again, nice job here and thanks for doing this.

jeff belonger
Mar 29, 2008 03:36 AM
Bill Nazur
First Lending Solutions - Riverside, CA

Larry

Great list to catch up on.....lately this seems to be my best resource for a snap shot of what is going on. Thanks for mentioning that last post of mine...it was one of my rare recent postings, as I've been working on countless projects. Funny how that post directly contributed to 6 purchases in the course of 1 week!

Mar 30, 2008 03:40 PM
Sarah Eubanks
Hill Valley Financial Services - Oregon City, OR
Preferred Oregon Loan Consultant & Notary Public

Larry,

Thanks for your time i doing this!  I will be going back and reading some additional posts, it seems!  :)

Mar 30, 2008 05:44 PM
Larry Bettag
Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - Saint Charles, IL
Vice-President of National Production

Whitney...you're welcome.

Jeff...er Stud, er Jeff the Stud, er....never mind....I just got back from Spring Break....guess I wasn't thinking... you Stud you.

Bill...Wow....6 purchases....great.....what an inspiration.

Sarah...thanks for reading.

Mar 31, 2008 03:29 PM
Wendy Montoya, REALTOR® Broker Associate, 254-315-4906
Towne Adams REALTORS - Waco, TX
Whoa...lots of good information here to wrap our heads around. Love the recap and this is one that I will have to bookmark and read in time.
Apr 02, 2008 03:00 PM
Larry Bettag
Cherry Creek Mortgage Illinois Residential Mortgage License LMB #0005759 Cherry Creek Mortgage NMLS #: 3001 - Saint Charles, IL
Vice-President of National Production

Wendy....lots to bookmark on AR correct?

Apr 06, 2008 02:33 PM