Broker Magazine articles from July 2007

Broker Magazine archives from July 2007

Keeping Your Perspective.(work life balance)(Column)
July 1, 2007... Life balance has been a topic we have written about a number of times in the pages of Broker. But all of these articles have appeared when times in the industry were good, that people were so busy, they found it hard to walk away from their...

New Rules for Writing E-Mail Messages.
July 1, 2007... Newsletter publisher Patsi Krakoff said there are new rules for writing e-mail messages when you're marketing a product or service online for your business. "Because of overcrowded e-mail inboxes, smart business professionals need to pay...

Says Who?
July 1, 2007... Business ethics expert Chris Bauer said, "In most companies there are a variety of gaps between how things are supposed to be done and how they actually get done. Ask employees about why policies and procedures aren't actually being followed...

When Employees Lose, You Win.
July 1, 2007... Want to build employee goodwill, boost productivity and save money on health care costs? Corporate wellness expert Tom Gilliam shows how helping your people lose weight can change everything. Here are a few of his suggestions on how you can...

Survey Finds Honest Leaders Wanted.(by Robert Half Management Resources )(Brief article)
July 1, 2007... It may be a cliche, but honesty is the best policy for those in charge, a survey of 1,400 chief financial officers of U.S. companies with 20 or more employees found. Nearly 31% of the respondents in the poll taken for Menlo Park,...

Gaining Momentum: More states are passing laws that are driven by the nonprime lending crisis.
July 1, 2007... COLORADO Good Faith Standard Enacted Colorado has enacted a Senate Bill, effective July 1, which provides additional consumer protections in residential mortgage loan transactions. Among other things, the act creates a duty of...

Wholesalers Eke Out Gain.
July 1, 2007... Despite the fallout from the implosion of the subprime market, gainers outweighed losers on the list of top residential wholesalers in the first quarter of 2007, up 4% with a total gain in volume of nearly $185 billion from $177 billion. ...

Jumbos: Big Loans, Big Problems: High-balance loans aren't immune from credit problems, especially if the borrower falls into the subprime category. And the problem could get worse before it gets better.
July 1, 2007... The fallout from the implosion of the subprime market segment is being felt across the financial landscape of the mortgage industry, even reaching the heights of the jumbo and super-jumbo market niches. According to Moody's Investors...

The New Landscape of Subprime: At the SourceMedia Nonprime Symposium in Las Vegas, our roundtable participants said all bets are off when it comes to subprime.
July 1, 2007... BRAD: During a panel at the conference, Blaise said something that I found interesting. He said wholesalers need to educate their brokers to the new reality out there. Has it been hard for originators to understand that subprime today is not...

How to Run a Realtor Seminar: Let them know you are the expert in housing finance.
July 1, 2007... So you think you could get more business with real estate agents if only you could get some face time and hold a seminar about your latest and greatest new mortgage program. Here is a news flash: they don't care about mortgage programs -...

Catching Up With Asian Americans: They are the second-fastest growing minority group in the country. Are you ready to channel some of the new business through your shop?
July 1, 2007... If not, says Asian Real Estate Association of America president and CEO, Jim Park, brokers are missing out on new business opportunities. Last year Asian American homebuyers appeared to be competing with Latinos and African-Americans for the...

Dear Brian: Industry expert Brian Sacks will be happy to answer your most pressing marketing questions each month in the Dear Brian column.(Column)
July 1, 2007... Dear Brian, I have only been originating for the past two-and-a-half years. Most of my loans have been refis. Very few purchases and until last week I have had very little need to deal with Realtors. I am so angry that I am not really sure...

Life Coach for Mortgage Team: Rich Vosler went from loan officer to life coach, making him well-qualified to locate the balance between an originator's life and career.
July 1, 2007... In his 18 years in the mortgage industry, Rich Vosler has experienced both the highs and lows this very cyclical business can bring. When his most recent employer restructured its business, he decided it was time for a career change. To...

Not a Happy Thought: As the first half of this troubling year ends, the prospect of a very troubling double whammy is starting to appear.
July 1, 2007... What happens if 2007 turns out to be a year in which both refinancings and purchase mortgages are down? The dynamic for the United States mortgage market over the past generation has been for boom and bust refinancing cycles, along with a...

The Broker Loan Guide.
July 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...

AEs: Love' em or Hate' em?: A poster at www.mortgagegrapevine.com rants about how awful account execs are. But how can you live without them?
July 1, 2007... Hush_hush_you: I'm getting sick and tired of account reps. What's their job anymore? Online pricing, underwriting, never answer phone calls, wait two days for replies, lost deals, no negotiating - the industry is going further down hill because...

Conference Calendar.(Calendar)
July 1, 2007... Upcoming Sales and Marketing Conferences BROKER: July to October 2007 July 11 "Let's Make A Deal" Tri-State Wholesale Lending Fair The Borgata Atlantic City, NJ For the ninth straight year, three state groups,...

Advertisers' Index.
July 1, 2007... CitiMortgage 53 Commercial Funding Corp. 29 Data Warehouse 33 Document Systems (Doc Magic) 3 Document Systems (Loan Magic) 51 FAMB 52 First Magnus 25 First Magnus 26,27 Greenpoint 5 Impac 13...