Okay folks it is time to get in the fight again…
Time to make you voices and arguments heard. Barry Ritholtz, of the Big Picture, thinks that the NAMB and NAR efforts to fight against the consumer and industry impacts of ill-conceived HVCC legislation, “corrupt.”
Here is a brief excerpt from his post:
I called that a thinly [...]
I am always looking for opportunities to offer as much value as possible to this great community.
Speaking of which, did anyone notice the NAMB discussion got 100+ comments? Wow! Talk about amplifying your mortgage industry influence and voices with the power of an online/real-time community.
Back on point. I know [...]
I am not going to editorialize much on this point because I think this picture is worth a 1000 words…
If you need help getting started leave a comment below. You will have plenty of Web savvy loan officers and mortgage marketing experts willing to help your success.
Hat Tip: The Real Estate Bloggers
Well, the Home Valuation Code of Conduct (HVCC)–the brain-child of New York Attorny General Andrew Cuomo–is fully underway in the mortgage and real estate market.
I thought this would be a great time to survey (Google-style) loan officers and real estate brokers.
Here are a few of the most interesting:
Mortgage reform is hip and cool in a Congress that wants to be seen by constituents as “agents of change.” And change we are going to get–this will fundamentally reshape how mortgage brokers and lenders do business. I guess the most interesting story line in this is the tentative acceptance being handed out [...]
Everyone is Talking About Bank Stress Tests
Bank Stress Test results are gracing everyone’s headlines, but before we sound the “all clear” horn you might want to take a look at some of these stories:
Recession Over & All Banks Pass the Stress Test? (The Big Picture)
Jack McHugh, questions the sunny disposition:
Good Evening: Just when [...]
MortgageInsider, Matthew Padilla from OCRegister.com digs into the ironic twist that comes from a new fraud prevention measure.
Apparently, ex-subprime lender NovaStar Financial, disciplined in three States for various licensing and fee infractions, are back in business as an Appraisal Management Company.
The irony is that this market has essentially been [...]
The average mortgage broker and real estate professional is flooded with offers of marketing innovation. Real estate and mortgage marketing short-cuts–guaranteed to overload your email and telephones with customer inquires. Buyer beware!
The Federal Trade Commission (FTC) has been one of numerous government agencies on a hunt to clean up mortgage fraud and beef-up [...]
First, I will start with a confession: I am not of the iPhone-borg. Therefore, I will not debate the quality or the value of the new Zillow iPhone application. Zillow’s CEO Rich Barton announced the launch a few days ago and everyone seems very excited:
Update on H.R. 1728: Mortgage Reform and Anti-Predatory Lending Act
H.R. 1728 has left the House Financial Services Community and is headed to the floor of the House of Representatives, next week. Several in the mortgage industry are cautioning the impacts it will have on the mortgage lending:
In testimony Thursday before [...]
Did you know that the mortgage industry that you operate in is literally shifting beneath your feet? Your business plan (hopefully you have one) is literally built on sand.
There is an enormous amount of government action taking place–legislation that will directly impact your mortgage business and how you serve home [...]
An interesting battle royale whipped up on Twitter over the last week or so–the “SEO merits of Trulia versus Zillow.” Maybe the better question is why does it matter? Or, what is SEO and this SERPs character they keep talking about?
My guess is 95% of real estate and mortgage brokers make [...]
Hopefully, everyone got through Tax Day with only minor anxiety and pocketbook damage. Here are a few things I found interesting over my morning coffee. How do you think these issues will impact the mortgage industry or the ways you serve your mortgage clients?
Bank Stress Test Results
Bank Stress Testing is front and center on most [...]
Tax day came and went with the typical anxiety and hurried trips to the post office. However, this tax day had a little different twist to it–it became a day of protest for thousands of Americans. Hosting Tax Day Tea Parties in about 2000 locations across the country, many felt the need to show their [...]
Ever notice you are answering the same questions, explaining the same mortgage or real estate concepts, overcoming the same objections on every sales call? Meanwhile, the market is not doing you any favors by adding very unique and confusing complexity.
For some folks this may be frustrating. It certainly slows down [...]
Ever wonder why the government and consumers never saw the mortgage meltdown coming? Meanwhile, experienced mortgage bankers like Bill Dallas were closing up shop (Ownit Mortgage-December 7, 2006). As it was in late 2006, sometimes the nuances and intricacies of how mortgages are actually financed can escape the comprehension of consumers, media, politicians, [...]
It has been awhile since I directly originated, but I know how important getting your “rate lock” strategy right. It is important to you and your customer, but so many mortgage brokers and lenders don’t have any strategy. That is like playing the slots in Vegas with your money, as well as the [...]
Major financial institutions, like Bear Stearns and AIG are demostrating their enormous potential impact on the US and even global economies. However, there is little or no coordinated supervision or insolvency path should they begin to fail.
US Treasury Secretary Timothy Geithner begin revealing his plan for a “new era of [...]
24/7 Wall Street presents and interesting angle on the role of mortgage rates in recovering the housing market. Are we in an economy where factors and anxiety around unemployment and investment make it such that mortgage rates are too much at any cost?
While some data shows that housing may be finding a bottom, [...]
I remember in the glory days of the mortgage refinance boom client communications was a huge focus. You had to constantly communicate and educate your clients to keep them from being sniped by a competitor pitching a lower payment or exotic product. Yesterday, I caught a glimpse of something that shows me those days are [...]
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