Broker Magazine articles from August 2005

Broker Magazine archives from August 2005

Comedy and Mortgages.
August 1, 2005... I have to admit I am a big fan of "Whose Line is it Anyway?" an improvisation sketch comedy show seen on ABC Family (the American version) and Comedy Central (the British version). So when the program at the National Association of Mortgage...

What to Say after 'Hello".
August 1, 2005... Speaker, author and coach Karen Susman said, "If you didn't have to say anything to anyone, networking would be easy. "Here are 29 ways to start, continue and end a conversation." Obviously substitute the appropriate profession in the...

Don't Be A Victim Of Ignored E-Mail.(Electronic mail )(Brief Article)
August 1, 2005... A pair of authors suggest your writing style is why the person you are sending an e-mail to elects to leave it unread in the in box. Offering a number of solutions are the authors of "Write it Right... The Ground Rules for Self-Editing...

RE Brokers Select Favorite Websites.(Brief Article)
August 1, 2005... Blake and Diana Roberts, a pair of Palos Verdes Estates, Calif.-based Realtors, have selected what they call the 24 most important websites for homeowners and sellers, as well as for those who are newer to technology and the Internet. ...

Cell Phone Courtesy.(Brief Article)
August 1, 2005... Many cell phone users do not realize that they are not being courteous to the rest of society, said an expert on etiquette. "I still notice a lot of bad behavior on cell phones - a lot of yelling, phones ringing at inappropriate times and...

Using Blogs To Source Business.(Brief Article)
August 1, 2005... In the past few years, blogs have become prevalent on the Internet as a way to disseminate information. According to Web content development expert David Meerman Scott, blogs are a terrific way for any organization to tell its story. ...

Top Firm's Volume Slips in '04: Allied is still No. 1, but it did 25% less business than in 2003.(Brief Article)
August 1, 2005... According to the Mortgage Bankers Association, total loan volume slipped approximately 32% between the $3.8 trillion originated in 2003 and the $2.6 trillion originated last year. While total volume among our top 50 mortgage brokers also...

Top Mortgage Brokerage Firms.(Illustration)
August 1, 2005... (Dollars in Millions) (part 1 of 2) Rk Organization Name Location 1 Allied Home Mortgage Capital Corp. Houston, TX 2 Olympia Funding ...

The Toy List: No more yellow pad and pencil for the successful mortgage broker. Now there are many gadgets to help power loan originations.
August 1, 2005... The days of a mortgage loan originator striking out into the field armed only with a No. 2 pencil and a stack of mortgage loan applications are long gone. While some pencils may still be found bouncing around the cabs of a broker's SUV, chances...

Federal Vs. State: Cases in three states test the boundary between state and federal powers.
August 1, 2005... CALIFORNIA Appellate Court Rejects State Privacy Law The Ninth Circuit Court of Appeals recently reversed and remanded a district court ruling on whether the federal Fair Credit Reporting Act preempts a portion of California's...

A Celebration in Minneapolis: The new board of the National Association of Mortgage Brokers wraps up a year full of triumphs and looks forward to the challenges facing the industry that are ahead.(Interview)
August 1, 2005... MARK: Bob, can you review your year as president? When we spoke last year, you were very interested in doing a project on financial literacy. I know you are working on a deal with Native Americans. Why don't you tell us about the progress of...

Ask the Experts: The nation's best sales people on the industry's hottest issues.
August 1, 2005... This Month's Question: "How should the Real Estate Settlement Procedures Act be changed?" JIMMY RUGOVA Loan Officer The New York Mortgage Co. LLC New York. "From time to time I may think maybe this should be this and...

Not Just For Dummies: One wholesaler uses the popular book series to teach its brokers how to use its AU system.(automated underwriting system)
August 1, 2005... Mortgage Lenders Network has found a unique and entertaining way to teach mortgage brokers how to use its automated underwriting system and thus set the company apart from other nonprime originators and servicers in the industry. The...

Outrage Over Property Rights: The anger generated by the recent U.S. Supreme Court decision on eminent domain comes 30 years too late, one homebuilder complains.
August 1, 2005... Finally, the outrage. For 30 years across America, local, state and federal governments have been begging, borrowing and stealing trillions of dollars of private property with little or no compensation. Little or no outrage. Any voices...

Teaching Commercial: InterBay Funding created a board game where mortgage brokers learn the rules of small commercial lending.
August 1, 2005... The situation was akin to the start of that infamous Bulwer-Lytton novel "Paul Clifford." It was a dark and stormy night in Minneapolis, filled with severe thunderstorms and threats of more bad weather. What contributed to making the situation...

The Rules of the Game.
August 1, 2005... The Small Commercial Lending Game is played similarly to Monopoly, but with a few differences to allow it to meet the objective of informing mortgage brokers about the commercial lending process. Some of the game's rules are discussed below....

A Question on Ethics: A member of the www.mortgagegrapevine.com community turns to fellow members for help with a sticky situation.
August 1, 2005... Creative Financing: I have a borrower who purchased last July with an FHA; he refi'd a few months later and took cash-out, now he wants to refi again. The problem I have with this is I think he may have a gambling problem. He is always out of...

Faith-Based Lending: Islamic Financing: The first article in an occasional series from Broker looking at various forms of faith-based lending and their requirements and practices.
August 1, 2005... During the past years the mortgage industry has watched the growth of the so called emerging market of underserved minority borrowers, meaning Hispanics, African-Americans, immigrants, low-income first-time buyers, or other groups that are...

A Broker's Perspective on Islamic Products.(Interview)
August 1, 2005... Rahsaan R.T. Wadi, president of The Atlantean Group International, Indianapolis, is not one of those brokers who are either unaware or not interested in Islamic financing products. He is a fan. A fan with a vision beyond the Muslim community he...

Marketing in a Radioactive: E-mail marketing is still the best way to contact your customer, but it must be done properly.
August 1, 2005... To some financial institutions, today's e-mail environment looks positively radioactive. E-mail hoaxes like phishing (where fake e-mails trick people into divulging personal information) and other scams have had a negative impact on the way...

Improving Yield Management: There is new technology transforming the wholesale lending process to achieve substantially greater efficiencies for all participants.
August 1, 2005... One industry's brilliant innovation often becomes the foundation for another industry's evolution. A perfect example is the way the mortgage industry has adopted an origination solution resembling the SABRE (Semi-Automatic Business Research...

Prices Zoom in Florida: Experts ponder what will happen next.(real estate industry)
August 1, 2005... A real estate frenzy in Florida is reaching a crescendo, which was one of the hot topics at the recent Florida Association of Mortgage Brokers annual meeting in Kissimmee, Fla. Not even reminders of Mother Nature's occasional interventions...

Upcoming Sales and Marketing Conferences August 2005.(Calendar)
August 1, 2005... This calendar of events contains a number of key events worth noting: The convention season continues with meetings in California, Louisiana and more. August 3-6 Annual Convention and Expo California Association of Mortgage...

Advertisers' Index.
August 1, 2005... Aegis Home Equity 60 Aegis Mortgage 35 Aegis Mortgage Corporation 19 Allied Mortgage 57 American Home Bank ...