Screw the banks? Today's hero is tomorrow's sitting duck.
By noreply@blogger.com (Craig Garber)
There's an excellent article in today's New York Times, called "Home Equity Frenzy Was A Bank Ad Come True." (just go to http://www.nytimes.com and enter this headline in their search box) There... [[ This is a content summary only. ...
Saturday, August 16, 2008
Screw the banks? Today's hero is tomorrow's sitting duck.
American Cities See Record Annual Foreclosure Rate Increases in Q2
American Cities See Record Annual Foreclosure Rate Increases in Q2
By Admin(Admin)
Record high foreclosure rates in the second quarter were reported in Los Angeles, Seattle, Miami and New York, according to a report issued by PropertyShark.com. Los Angeles led the four cities with a 282.01% increase in the second ...
Local Volcano Plug Sits Adjacent to North County Communities (Part ...
Local Volcano Plug Sits Adjacent to North County Communities (Part ...
By Deborah Burroughs, Agent/Loan Officer (Reliance...(Deborah Burroughs, Agent/Loan Officer (Reliance...)
Mt Calavera & Carlsbad. The Luiseno Indians lived on the coast of Carlsbad back in the late 1700s-they lived on seafood, food crops and reportedly led peaceful lives-they worshipped the Great Spirit, the Sun-God. ...
monthly payment, principal & interest on $300000 and $500000
monthly payment, principal & interest on $300000 and $500000
By loan officer
Our mortgage rate chart is based on a conforming loan amount of $300000 and a jumbo loan amount of $500000. Below monthly payments include the principal and interest, but not hazard insurance, mortgage insurance, taxes, or homeowners ...
Loan Officer Fraud
Loan Officer Fraud
By Ralph Roberts
When it comes to questionable business practices among real estate industry insiders, nothing quite beats the loan officer who purposefully chooses not to disclose critical information to the borrower. Simply stated, unethical loan ...
Private financiers in the spotlight
Private financiers in the spotlight
AZ Central.com - AZ,USA
"We receive about 800 loan requests a month and choose to do three or four," he said. Brian Winski, a loan officer with AmeriCapital Mortgage & Investments ...
Lights are on, but banks increasingly closed: James Saft
Lights are on, but banks increasingly closed: James Saft
Reuters - USA
The Federal Reserve's July Senior Loan Officer survey, one of the best indicators of on-the-ground conditions, showed broad and deep tightening across a ...
Giving credit where credit's (past) due
Giving credit where credit's (past) due
Daytona Beach News-Journal - Daytona Beach,FL,USA
By AARON LONDON In its latest Senior Loan Officer Opinion Survey, the Federal Reserve Board has found what many consumers already know. ...
Pimco's El-Erian Says Raising Bank Capital Is Harder (Update1)
Pimco's El-Erian Says Raising Bank Capital Is Harder (Update1)
Bloomberg - USA
11 in its quarterly Senior Loan Officer Survey. Late payments on subprime mortgages rose to 18.79 percent for the quarter ended March 31, the most since at ...
Friday, August 15, 2008
Its not FHA - Its VHDA: The FHA Alternative in Virginia.
Its not FHA - Its VHDA: The FHA Alternative in Virginia.
By Justin Williams - Loan Officer (Prosperity...(Justin Williams - Loan Officer (Prosperity...)
The main difference is VHDA is more local driven financing derived from the State and is a Quasi-Government Loan while FHA is more nationally focused and is fully backed by the government. VHDA can go up to 103% Financing without the ...
Building a Lender-Friendly Credit Report
Building a Lender-Friendly Credit Report
By Kevin Harbor -Loan Officer / FHA Specialist...(Kevin Harbor -Loan Officer / FHA Specialist...)
Perhaps you are looking to or need to loan some money, maybe from a large, well-known bank, or some smaller financial institution. However, loaning money is not as easy as coming to the lender and asking for a loan - chances are, ...
HPAP and buying a home in Washington, DC
HPAP and buying a home in Washington, DC
By loan officer
HPAP | EAHP assistance programs in DC Contact Loan Officer Bill Mulligan if you will be buying a home in the District of Columbia. Bill will show you how much assistance you qualify for with DCs programs, including HPAP and EAHP. ...
New loan officer
New loan officer
By Sharon Trejo(Sharon Trejo)
The PerFORMer loan forms program offers a wide variety of commercial and consumer lending, membership and deposit, home equity, and credit card forms. PerFORMer supports smooth implementation and administration of all of a lender's ...
National Mortgage Rates August 14
National Mortgage Rates August 14
By Loan Officer
August 14, 2008 One Year Ago 30yr 15yr- 5/1ARM- 1/1ARM 30yr- 15yr- 5/1ARM- 1/1ARM 6.52 6.07 6.02 5.18 Average 6.62 6.30 6.35 5.67 0.7 0.7 0.6 0.5 Fees/Points 0.4 0.5 0.5 0.6 PRIMARY MORTGAGE MARKET SURVEY RESULTS August 14, ...
The loan arranger in a cowboy outfit
The loan arranger in a cowboy outfit
Sydney Morning Herald - Sydney,New South Wales,Australia
The chief financial officer, Ken Enfield, is sitting at his desk, arranging his paper clips in neat rows in a little glass bowl.Ken (To himself): One, two, ...
LA in the Eye of the Foreclosure Storm
LA in the Eye of the Foreclosure Storm
City Watch - Los Angeles,CA,USA
Bruce Solomon, a LA NHS Senior Loan Officer, tells clients, Your income and expenses will determine which work-out options are available to you. ...
State Names UBS In Auction Complaint
State Names UBS In Auction Complaint
Wall Street Journal - USA
Since the collapse of the auction-rate market in February, a number of lenders, including the New Hampshire Higher Education Loan Corp., have had to suspend ...
American Riviera Bank Announces New Chief Executive Officer
American Riviera Bank Announces New Chief Executive Officer
MarketWatch - USA
"American Riviera Bank offers a competitively priced, comprehensive range of deposit accounts, loan products, and financial services matched with best in ...
Thursday, August 14, 2008
The New Website!!!!
The New Website!!!!
By Daniel_Ian
The New Webstie!!!!!!!!! Checkout My New Replicated Website www.u1istfinancial.net/danielian All the Info you need, Including a submission form for a free no obligation analysis Money Merge Account Money Merge Account.
Minneapolis Loan Officer Rolls First; Cops Plea For Part In Straw ...
Minneapolis Loan Officer Rolls First; Cops Plea For Part In Straw ...
By Home Equity Theft Reporter(Home Equity Theft Reporter)
... a mortgage fraud ring carried out by a Brooklyn Park mortgage company. Loan officer Andrae Bellfield pleaded guilty Tuesday to four counts of theft by swindle exceeding $35000. He admitted to submitting false information to lenders in.
Meme's Attack Outside The Rain Too!
Meme's Attack Outside The Rain Too!
By Rich Dansereau Loan Officer Knoxville TN...
If you are in the market to purchase a home or even refinance an existing loan and you want a loan officer that will walk with you every step of the way, then contact Danny or Rich of the Thornton Team at Home America Mortgage today. ...
Anyone A Loan Officer
Anyone A Loan Officer
By Dubbed Out
I was offered a position as a loan officer with a company called Foundation Financial. It's salary plus commission based. I'm thinking about taking the job but was wondering if anyone has any experience in the field and maybe some input ...
A Closer Look At the Latest Loan Officer Survey
A Closer Look At the Latest Loan Officer Survey
By bonddad(bonddad)
When losses increase, loan's are harder to find. Hence the bearish news from the latest loan officer survey:. About 60 percent of domestic banksa slightly larger fraction than in the April surveyreported having tightened lending ...
Minneapolis man admits his part in $4.9 million mortgage swindle
Minneapolis man admits his part in $4.9 million mortgage swindle
Minneapolis Star Tribune - Minneapolis,MN,USA
Loan officer Andrae Bellfield pleaded guilty Tuesday to four counts of theft by swindle exceeding $35000. He admitted to submitting false information to ...
Lewisburg ponders codes/zoning officer
Lewisburg ponders codes/zoning officer
Milton Daily Standard - Milton,PA,USA
Smith also provided council members with a proposal for the Lewisburg Loan Program. Through the program, business owners in the downtown district would be ...
W Holding Company, Inc. Announces Freddy Maldonado Reassumes the ...
W Holding Company, Inc. Announces Freddy Maldonado Reassumes the ...
MarketWatch - USA
... had joined the Company as Senior Vice President and Chief Risk Officer (SVP/CRO). Ms. Hansen will be involved and supervising the Company's loan review, ...
US retail sales drop for first time in five months
US retail sales drop for first time in five months
Sydney Morning Herald - Sydney,New South Wales,Australia
11 in its quarterly Senior Loan Officer Survey. The rate on 36-month loans for new cars rose to an average of 6.77% so far this year from 6.10% the previous ...
Malaga Financial Corporation Announces Appointment of New Chief ...
Malaga Financial Corporation Announces Appointment of New Chief ...
MarketWatch - USA
and its subsidiary Malaga Bank are pleased to announce the appointment of Jasna Penich as Executive Vice President and Chief Financial Officer. ...
Toll Reports Revenue Decline as Home Slump Deepens (Update1)
Toll Reports Revenue Decline as Home Slump Deepens (Update1)
Bloomberg - USA
11 in its quarterly Senior Loan Officer Survey. There were 3.9 million existing single-family homes for sale in June, the most since at least 1982, ...
Agency Mortgage Bond Yield Spreads Widen as Loan Losses Expand
Agency Mortgage Bond Yield Spreads Widen as Loan Losses Expand
Bloomberg - USA
11 in its quarterly Senior Loan Officer Survey. Losses on prime mortgages, given to customers with the best credit quality, could climb to $300 million a ...
Wednesday, August 13, 2008
I have an adjustable arm now, should I refinance?
I have an adjustable arm now, should I refinance?
By loan officer
CLIENT CHAT Borrower I have a piece of property in Martinsburg, WV that Id like to sell. I understand that the market isnt really conducive for a sale at this time, correct? And to boot, the market in the panhandle is flooded, ...
An open letter to every loan officer who wants more cash:
An open letter to every loan officer who wants more cash:
By noreply@blogger.com (Craig Garber)
Let me get right to the point: If you are a loan officer or a mortgage broker and you're interested in earning more cash, then listen, and listen good. I recently posted some timely information you probably want to get your hands on, ...
TIPS FOR INVESTORS IN A ROUGH REALESTATE MARKET
TIPS FOR INVESTORS IN A ROUGH REALESTATE MARKET
By Kevin Harbor -Loan Officer / FHA Specialist...(ActiveRain users)
The extra money can provide you with a cushion until the market settles as well as ensure that when the market does turn around you have options available to you. NEED FHA HOME LOAN INFO?... Visit me at http://www.221HomeLoans.com.
Loan Officer
Loan Officer
South Bay Mortgage Banking company searching for Professional Loan Consultants. What sets us apart FHA Specialists - join a Retail Banker in business since 1960 In-house Underwriting and Processing - the loan stays in our control ...
Did you know this about mortgages?
Did you know this about mortgages?
By Russ Ravary - Michigan Homes for sale -...(Russ Ravary - Michigan Homes for sale -...)
There is no reason to pay 1/8 if the "other company" is reputable, has been in business for years, and the loan officer is giving you the same or comparable product and term. I have always had bosses say I need to charge more per loan. ...
Community Bank of Orange Names Eric J. Wiggins as President and CEO
Community Bank of Orange Names Eric J. Wiggins as President and CEO
MarketWatch - USA
... by HSBC Bank) where he completed their management-training program and quickly advanced to the position of commercial loan officer in the Hudson valley. ...
Senators question Quedancor decision on P2.16-B loan
Senators question Quedancor decision on P2.16-B loan
Manila Bulletin - Philippines
The document Madrigal was referring to was a letter of Land Bank and ONL to Nelson Buenaflor, president and chief executive officer of Quedancor, ...
ONN.tv Report: Bank of America (BAC) Sell-off Following Fed Release
ONN.tv Report: Bank of America (BAC) Sell-off Following Fed Release
MarketWatch - USA
... discusses a sell-off for WFC and BAC following the Fed's Senior Loan Officer Survey, losses announced for Wachovia (WB), and the continued volatility of ...
It's Too Soon to Toast the End of Credit Crisis: Caroline Baum
It's Too Soon to Toast the End of Credit Crisis: Caroline Baum
Bloomberg - USA
The Fed's July senior loan officer's survey, released earlier this week, found that 65 percent of commercial banks had tightened their lending standards on ...
Does it take a criminal to catch a crooked cop?
Does it take a criminal to catch a crooked cop?
Pioneer Press - St. Paul,MN,USA
One of the unnamed people owned a mortgage company; another was a loan officer; the third provided inflated property appraisals; the fourth was a real ...
Tuesday, August 12, 2008
Mortgage And Loan Officer Tips
Mortgage And Loan Officer Tips
By Larry Cragun
4 Using a lender referred by a real estate agent is the best way to keep the loan officer in the mode of being competitive. It also places your loan as a high priority. The reason, the loan officer wants to look good to the real estate ...
Market WrapUp: Fed Senior Loan Officer Opinion Survey Confirms ...
Market WrapUp: Fed Senior Loan Officer Opinion Survey Confirms ...
by Chris Puplava. "It has been one year after the credit crisis took center stage last summer and heralded the market top that took place months later in October. Since that time the markets have begun to do something they neglected to ...
National Mortgage Rates August 7
National Mortgage Rates August 7
By Loan Officer
August 7, 2008 One Year Ago 30yr 15yr- 5/1ARM- 1/1ARM 30yr- 15yr- 5/1ARM- 1/1ARM 6.52 6.10 6.05 5.22 Average 6.59 6.25 6.33 5.65 0.7 0.7 0.6 0.6 Fees/Points 0.4 0.4 0.5 0.5 PRIMARY MORTGAGE MARKET SURVEY RESULTS August 7, ...
Subprime Sequel
Subprime Sequel
By Charlie Herman
Like subprime, alt-A describes a type of loan. These are one step up from subprime, but still not as good as prime loans -- loans provided to people with good credit (see, I did it right there, explaining a prime loan). ...
CFF Project Manager/Loan Officer / California Fisheries Fund / San ...
CFF Project Manager/Loan Officer / California Fisheries Fund / San ...
CFF is seeking to hire or contract with a Project Manager/Loan Officer to be based in California to perform overall project management and lender duties for CFF. The position will report directly to the CFF Fund Director. ...
Vestin Realty Mortgage II Reports Second Quarter, First Half ...
Vestin Realty Mortgage II Reports Second Quarter, First Half ...
MarketWatch - USA
A loan is classified delinquent when they are temporarily past due. Loans are considered non-performing when based on current information and events; ...
First Potomac Realty Trust Refinances $72 Million Suburban ...
First Potomac Realty Trust Refinances $72 Million Suburban ...
MarketWatch - USA
announced today that it has refinanced its remaining debt maturity for 2008, a $72 million first mortgage loan that was secured by 14 properties in suburban ...
Federal Home Loan Bank of Atlanta Announces Second Quarter 2008 ...
Federal Home Loan Bank of Atlanta Announces Second Quarter 2008 ...
MarketWatch - USA
ATLANTA, Aug 11, 2008 /PRNewswire via COMTEX/ -- Federal Home Loan Bank of Atlanta (the Bank) today released the results for the quarter ended June 30, ...
Donor Reporting Finance Officer, Grants & Contracts
Donor Reporting Finance Officer, Grants & Contracts
Seattle Times - United States
Manage the Funds Transactional Transfer (FTT) loan responsibilities of the Grant and Contract Financial Services Team. Oversee/review reporting specific ...
US Fixed Income Markets up Ahead of Senior Loan Officer Survey
US Fixed Income Markets up Ahead of Senior Loan Officer Survey
CEP News - Montreal,Quebec,Canada
(CEP News) - US bond markets are generally up on a quiet day to start the week, ahead of the release of the Senior Loan Officer Survey. ...
Monday, August 11, 2008
Time Management for Mortgage Originators and Loan Officers
Time Management for Mortgage Originators and Loan Officers
By rss@LiveVideo.com (BBullett1245)
Author: BBullett1245 Keywords: loan officer training loan officer marketing loan officer coaching mortgage broker training mortgage marketing ideas mortgage marketing tools Added: Sun, 10 Aug 2008 23:34:03 GMT.
Deceptive Spam Protection
Deceptive Spam Protection
By Justin Williams - Loan Officer (Prosperity...(Justin Williams - Loan Officer (Prosperity...)
Most people understand what SPAM is and have developed some ways to prevent SPAM. Email filters, blockers and even getting new complete e-mail addys. What most people don't know is the difference between Marketing Spam and Deceptive ...
Agricultural Loan Officer :::: Centenary Bank
Agricultural Loan Officer :::: Centenary Bank
To mobilize, appraise, disburse, monitor and recover loans within their portfolio in line with the credit polices procedures and set targets.
Kid Fun...The Vacation!
Kid Fun...The Vacation!
By Rich Dansereau Loan Officer Knoxville TN...
The other night I was watching a comedian, I don't recall which one, on TV when he started doing this bit about summer vacations as a kid. Watching that really got me to thinking about the family vacations that I had enjoyed as a child. ...
Broker to Loan Officer Contracts (by: mtgguru07)
Broker to Loan Officer Contracts (by: mtgguru07)
Does anyone have any contracts they have set up to hire Loan Officers? We need one asap your help would be awsome. - Last Post by: mtgguru07 on 08/10/2008 @ 3:42 PM.
Mumtalakat launches $500m loan facility
Mumtalakat launches $500m loan facility
Gulf Daily News - Manama,Bahrain
"NBB's corporate strategy has always been to support the economic development of Bahrain," said NBB chief executive officer Abdul Razak Hassan Al Qassim. ...
First Time Home Homebuyers: Do Your Homework
First Time Home Homebuyers: Do Your Homework
American Chronicle - Beverly Hills,CA,USA
Prequalification is based on the opinion of a loan officer and implies a person is creditworthy but that nothing has yet been verified. ...
Personnel file
Personnel file
Kentucky.com - Lexington,KY,USA
National City Mortgage: Teague Sims has joined the division of National City Bank as a mortgage loan officer. The Danville native is a graduate of the ...
Auction-Rate Costs May Rival Spitzer, Mutual Fund Settlements
Auction-Rate Costs May Rival Spitzer, Mutual Fund Settlements
Bloomberg - USA
Auction-rate debt allowed municipalities, student loan companies and mutual funds to raise long-term money with short- term yields because interest rates ...
When banks were banks
When banks were banks
Los Angeles Times - CA,USA
Let our palms sweat as the loan officer sizes us up from behind the big oak desk. And those flighty, newfangled branches? They will be easy to convert to ...
News makers -- Published Aug. 11, 2008
News makers -- Published Aug. 11, 2008
Stockton Record - Stockton,CA,USA
He advanced to vice president and commercial loan officer for Delta National Bank, working in Stockton and Modesto. He has several years of experience in ...
Sunday, August 10, 2008
Loan Officers Need to Educate Clients Better (by: rtrefflich)
Loan Officers Need to Educate Clients Better (by: rtrefflich)
And once they DID understand that they would be paying $116k they had to leave because they needed to have a little chat with their loan officer. Kinda sounded like they didnt know if they could afford a loan at $116k. ...
Mortgage loan officer marketing databases
Mortgage loan officer marketing databases
By admin
You probably have a database of potential clients as a result of your mortgage loan officer marketing efforts already. Market it hard all the time. Send out timely cards, reminders, and even informational articles to keep in touch. ...
FHA LOANS RULE- HOW A BUYER CAN PROTECT THEMSELVES
FHA LOANS RULE- HOW A BUYER CAN PROTECT THEMSELVES
By Kevin Harbor -Loan Officer / FHA Specialist...(ActiveRain users)
As a buyer, you also need to make sure you give careful thought and consideration to the type of mortgage loan you take out to ensure you do not become caught up in the real estate crash. If you are a first-time homebuyer and/or you ...
become a mortgage loan officer
become a mortgage loan officer
By ademp
Merrill Lynch Mortgage Chelsea Mortgages Wachovia Mortgage Rates Bank Of America Mortgage Rate 125 2nd Bad Credit Mortgage.
Krent Haight- Loan Officer, Custom Mortgage Solutions
Krent Haight- Loan Officer, Custom Mortgage Solutions
real estate, Pennsylvania: Custom Mortgage Solutions is ready to make your. . .
Kevin Rennie | NOW YOU KNOW
Kevin Rennie | NOW YOU KNOW
Hartford Courant - United States
The loan officer's happiest moment arrived seven to 10 days before the closing when he phoned the VIP and announced his interest rate had been slashed. ...
Fannie Mae Reports a Loss of $2.3 Billion in Second Quarter of 2008
Fannie Mae Reports a Loss of $2.3 Billion in Second Quarter of 2008
HNN Huntingtonnews.net - WV, USA
Fannie Mae and the Federal Home Loan Mortgage Corp. (Freddie Mac) own or guarantee about half of the US's $12 trillion mortgage market. ...
DLGF hears debate over Gregg Township loan at public hearing
DLGF hears debate over Gregg Township loan at public hearing
Reporter-Times - Martinsville,IN,USA
If somethings already been said, it doesnt need to be repeated, said hearing officer Robert Norris. Norris said after the testimony is compiled it will ...
Families forced to turn to loan sharks by court fines shake-up
Families forced to turn to loan sharks by court fines shake-up
Irish Independent - Dublin,Ireland
The garda, described by colleagues as a decent and hard-working officer, was the victim of a completely unmanageable system of collecting fines. ...
FISCAL HEALING Retool the Federal Reserve
FISCAL HEALING Retool the Federal Reserve
Houston Chronicle - United States
In this manner, the Fed would moderate loan and credit growth and would provide banks with an additional equity cushion for the inevitable downturn. ...
Local Briefcase
Local Briefcase
Helena Independent Record - Helena,MT,USA
Rick Bell has joined the bank as a commercial construction loan officer. He brings 19 years of experience in construction and 17 years of experience in ...
Movers & shakers
Movers & shakers
Chicago Daily Herald - Chicago,IL,USA
Consumers Credit Union, Waukegan, hired Delia Garcia of Waukegan as a real estate loan officer and Heather Mentzer of Lindenhurst as executive assistant to ...