Broker Magazine articles from August 2007

Broker Magazine archives from August 2007

It's Time for a Laugh.
August 1, 2007... As we get into the dog days of summer, the normal daily business grind is getting to most of us. Add on the uncertainties facing the mortgage brokering business right now, both from an economic and legal standpoint, individual stress...

Helping Your Employees Cope.
August 1, 2007... Linda Talley, who calls herself "The Leadership Coach," says having an employee assistance program is not the only way a boss can help employees cope and deal with such things as stress, fear, depression. Her steps for helping employees...

Fit Employees Lower Health Care Costs.
August 1, 2007... The American Heart Association has created the Start! Fit-Friendly Companies Program in an effort to be pro-active in fighting rising health care costs and lost productivity. The program has three main segments: physical activity, nutrition...

When Someone's Mother Tongue is Not Your Own.
August 1, 2007... With increased diversity in both the marketplace and the workplace, you are likely to come across a co-worker or customer whose mother tongue is not your own. Says Randall Craig, management consultant, speaker and author, "The challenge of...

Extra Charges for Undeliverable Mail.
August 1, 2007... Pitney Bowes, a Stamford, Conn.-based company whose products include postage meters, said it is conducting extensive consumer outreach to warn mailers about new U.S. Postal Service address standards. The USPS has a goal of cutting...

State Suitability Requirements: Colorado, Nevada jump on the "ability to repay" bandwagon.
August 1, 2007... COLORADO NINA, SISA Not Prohibited The Colorado Division of Real Estate found that the state's newly enacted legislation, which requires mortgage brokers to make a "reasonable inquiry" into the borrower's income and obligations before...

Income Property Growing: The first quarter was good for most of the top lenders, up 18% overall.(Statistical table)
August 1, 2007... The commercial mortgage business is making up for lost volume on the residential side, based on the information presented by our data group. Its most recent data are for the first quarter of 2007, and it shows the top 53 firms on the list...

Are We Going Commercial?
August 1, 2007... For a while many residential mortgage brokers have been considering entering the commercial side of the business, either as full time or as a sideline to boost falling market share and income. This talk picks up every time there is a regulatory...

Super in Seattle: The 2007-2008 officers of the National Association of Mortgage Brokers discuss the state of the industry.(Industry overview)
August 1, 2007... MARK F.: We're reporting in the National Mortgage News issue of June 18 that the first-quarter subprime share was half, 12% of the market vs. 24% a year earlier, probably not a surprising development. But I'm just wondering if you think that...

Dear Brian: Industry expert Brian Sacks will be happy to answer your most pressing marketing questions each month in the Dear Brian column.(Letter to the editor)
August 1, 2007... Dear Brian, It is summer and I am very frustrated. Actually, I am in a really difficult situation and wondered if you could offer some advice. The problem is that I took 10 days off with my family and went to the beach. While I was gone...

How To Be A Better Broker: Success depends on CAL, or how you deal with what you can Change, Accept or Leave.
August 1, 2007... Brokers can distinguish themselves from the competition by improving their marketing and sales strategies. That was the message at the "How to Be a Better Broker" breakout session at the National Association of Mortgage Brokers Annual...

Brokers Take Seat National Association of Mortgage Brokers annual convention in Seattle presented tle by Storm: The 2007 attendees with informative sessions, new product introductions and some key announcements about the future of the industry. The following is a roundup of coverage provided by SourceMedia Mortgage Group reporters.
August 1, 2007... NAMB Wants Its Own Seal of Approval Nobody likes being a scapegoat, and neither does George Hanzimanolis. "I find it frustrating for a number of reasons," the new president of the National Association of Mortgage Broker said at the...

The Broker Loan Guide.
August 1, 2007... Residential AgriCap Financial Corp. Program Name Bridge Loan Ag/ Farm Business Financing Min Credit Score 600 660 620 Max LTV/CLTV 65/65 65/65...

A Lack of Training: An account executive's post on www.mortgagegrapevine.com starts a discussion about newcomers to the business.(Discussion)
August 1, 2007... Echosloud: Dumb questions and/or comments I hear on a weekly basis: "Why is the rate over 8%, he has a 512 FICO and only one times 60?" "How come I can't get 100%, stated (FTHB, no trades, $950,000)?" "If I make him S/E, would the rate be...

Conference Calendar.(Calendar)
August 1, 2007... Upcoming Sales and Marketing Conferences BROKER: August to October 2007 August 9 Mega Loan Origination Strategies for Today's Market Mortgage Leaders Edge Virginia Beach, VA 800-313-6639 Hear about simple,...

Advertisers' Index.
August 1, 2007... 1st Metropolitan 29 A la mode 41 AGRICAP 68 American Brokers Conduit Cover 2 Argent Mortgage 37 Calyx Software Cover 4 Commercial Funding Corp. 60 CreditXpert 35 Direct Lender 53 Document...