Broker Magazine articles from January 2008

Broker Magazine archives from January 2008

The Future is Green.
January 1, 2008... Kermit the Frog sang, "It's not easy being green." However, green is the color of the day for many business and consumers as Americans become more environmentally astute. The paperless mortgage has been a goal for a long time and much has...

Calendar.(Calendar)
January 1, 2008... BROKER: January 2008 to March 2008 This calendar of events contains a number of key events worth noting: MBA-NJ is holding the Hispanic Mortgages Lending Conference in Atlantic City January 7-11 School of Residential Underwriting...

A Styrofoam Cup and 25 Pennies.
January 1, 2008... Motivational speaker Chuck Gallagher recounts the tale of a sales person who can't seem to focus on getting his sale calls made because he keeps getting interrupted. In the book, "The Age of Speed," speaker and author Vince Poscente said...

Tangible Net Benefit Crackdown: States propose rules that seek enforcement of these provisions.
January 1, 2008... COLORADO Prepay Penalty Rule Proposed The Colorado Division of Real Estate published proposed rules that would prohibit brokers from recommending or inducing a borrower into a transaction that included certain prepayment penalties...

Is The Balloon About to Burst: Jumbo lending has gotten caught up in the subprime morass. But some practitioners believe the product will have new life soon.
January 1, 2008... When asked about the current state of the jumbo lending sector, Shaun Batin who heads up a small net branch office of Eagle Mortgage in Vail, Colo., replies, "I haven't seen it this bad in 20 years." A mortgage lender with 20 years of...

The Hat Trick: Here are trio of seminars to offer the first-time homebuyer.
January 1, 2008... If you have read "I Gave A Seminar and No One Showed Up" in the last issue of Broker magazine, it outlined a systematic way to offer first-time homebuyer seminars on a regular basis as one of the pillars of your mortgage business. The article...

Savannah Sendoff: GAMB's officers discuss the state of the marketplace at the last Southeast Mortgage Brokers show.
January 1, 2008... BRAD: In the past 12 months, the mortgage industry has changed more radically than anyone could have ever imagined. In the week before this conference, Bank of America announced it was leaving the wholesale business. How has your business as...

What a Difference A Year Makes: BrokerUniverse.com's tracking poll shows a shift in the attitudes of mortgage originators as the subprime crisis deepens.
January 1, 2008... In the past 12 months, the mortgage broker industry has watched as nearly 200 lenders and countless broker shops have exited the mortgage marketplace, victims of the fallout from the implosion of the subprime mortgage market. With the frenetic...

Tracking Poll Results August-November 2006/2007.
January 1, 2008... Do you expect your company to buy leads in the next 90 days? Week of Yes % No % 11/05/07 26 74 11/06/06 60 40 Do you expect your company to spend more than $5,000 on technology in the next 90 days? Week of Yes %...

Securing Your Borrowers: The FHA Secure Program is good news for originators and consumers.
January 1, 2008... What a difference a year makes. At the end of 2006, the Federal Housing Administration mortgage insurance program was all but dead and buried. Mortgage originators flocked to the subprime market, where they did not need audited financials...

The Good Old Days: The www.morgagegrapevine.com community fondly looks back.
January 1, 2008... Bclender: How many here remember the days when on LTVs greater than 80% the big concern was whether you could get an MI company to insure it; LTV over 90% required 25/33 ratios and perfect credit; Barclays 60% no-doc was da bomb; cash out was...

Advertisers' Index.
January 1, 2008... Citi/InterFirst 11 CT Bankers 13 Document Systems 3 Interbay Funding Cover 2 JPMorgan Chase 6, 7 MICA 5 Miget Marketing Systems...