Lenderama Mortgage Blog

Two Examples of What’s Right With the Mortgage Industry

February 13, 2010 by · 9 Comments

Example #1:  Embrace Home Loans Foregoes Annual Sales Rally – Instead Conducts Employee Auction and Raises $20,000 for Haiti By the way, I love the website on which I found this little nugget.  Do yourself a favor and visit them at www.nationalmortgageprofessional.com.  But here’s the point… our elected officials seem to blame everything that’s wrong with […]

Live NAMB Webinar Focusing on YSP – Tuesday @ 3pm EST, Noon PST

October 23, 2009 by · Leave a Comment

NAMB announced a major victory in the fight against HVCC yesterday (see the 10/23 TBWS Daily Show for details).  Earlier this week, they published an informative YSP Resource Center on the NAMB site.  I’m extremely proud of the strides NAMB is making not only on Captiol Hill, but also with mortgage professionals if the field. During […]

Emergency State of the Union with NAMB Prez Jim Pair – Oct 1st at 12noon EST, 9am PST

September 24, 2009 by · Leave a Comment

I try very hard to read all the blogs, watch the TBWS Daily Show, follow NAMB’s regulatory updates, etc.  Still, I have to admit that I’m more confused by what’s coming down the pike than ever.  How bout you? YSP is going away come January 2010 – or isn’t it? FHA lending will become more accessible for third […]

A Must Read Guest Column on the New GFE and Elimination of YSP

September 3, 2009 by · 11 Comments

Here’s a well articulated email I received today from mortgage professional Jon Bodan of The Perpetual.  I think we should all read, discuss, distribute and act upon it: This is insane!!!  (MG notes:  This link was provided on LoanToolBox forum courtesy of Jim Sahnger.  You’ll find what Jon’s referring to on p. 43240 and 43241). You need to send […]

Mortgage Blogging: What's In It for Me?

July 27, 2009 by · 13 Comments

Most mortgage professionals are skeptical about Mortgage Blogging.  To most, it looks like a waste of time.  If you’re in this camp, don’t feel bad. I was too for 2 1/2 years. In the video below, Mark Madsen and I set out to explain the benefits of Mortgage Blogging.  This event is the first of […]

Elite Originators Aren't Elite Because They Wear Nice Ties.

July 3, 2009 by · 11 Comments

I’ve had the good fortune of working with some the mortgage industry’s sharpest and most successful originators over the past six years – and I’ve taken notice of a few irrefutable facts I’d like to share with you today. 1) Elite originators never relax. If you’re not interested in taking your business to the “elite” […]

HVCC Immediate Call To Action

June 9, 2009 by · Leave a Comment

Attention all Mortgage Brokers, Real Estate Agents, Appraisers, Lenders, Home Builders, Title Agents, and Consumers: After more than a year of exhaustive negotiations with Fannie Mae, Freddie Mac, James Lockhart, Director of FHFA (GSE Regulator), and NY Attorney General Andrew Cuomo, NAMB believes the time has come for your individual voice to be heard. In […]

An Unofficial NAMB Regulatory Update on HVCC – Oh, And A Call To Action For All Of Us NAMB Bashers.

June 4, 2009 by · 91 Comments

Many of us have been openly critical of NAMB over the past few years, and I’ve certainly been one of them.  I’m about to tell you something that you likely are unaware of: NAMB is out there busting their rear ends to keep you in business. Did you know that NAMB President Marc Savitt conducted […]

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