Broker Magazine articles from March 2008

Broker Magazine archives from March 2008

Will Wholesale Survive?
March 1, 2008... The future of the wholesale mortgage production channel is at a crossroads, to use a cliche. The leading producer of loans in this channel for 2006, according to the Mortgage Industry Directory, is being acquired by a bank, which has shut its...

Expert Gives Job Seekers Interview Do's and Don'ts.
March 1, 2008... One of the unfortunate side effects of the mortgage crisis is the massive displacement of many who work in the business. Still, there are a number of companies that are taking advantage of the situation to hire. Other people are looking to take...

Fallout From Subprime: The states react in various ways to the event of the past few months.
March 1, 2008... CALIFORNIA New Predatory Bill on Tap Abill has been introduced, which, if enacted, would impose restrictions on certain subprime loans. The Subprime Lending Reform Act defines those loans to be ones with an annual percentage 3% greater...

Creating An Impact.
March 1, 2008... First Steps It started with an aspiration that eventually turned into a roadmap. The idea to create an association that would bring together African-American mortgage professionals developed naturally as Ms. Jamison and other members of...

Regulatory Power for Brokers.
March 1, 2008... When it comes to educating legislators, industry experts like Jason Friedman of Compliance Technologies agree that there are important lessons to be learned from the current crisis and down cycles experienced in the past. In his view, when it...

Dear Joel: Industry expert Joel Pate will be happy to answer your most pressing marketing questions each month in the Dear Joel column.(Column)
March 1, 2008... This article is a follow-up to last months column on current market conditions and the need to build referral relationships. Wow, how much worse can it get and how much longer will it last? Those questions are pouring into us on a regular...

Watching And Waiting: Our panel of experts at the SourceMedia Fraud & Risk Conference in Las Vegas are keeping an eye out for the likely increase in illicit behavior.(Conference news)(Discussion)
March 1, 2008... MARK: The FBI has started another mortgage fraud task force in the D.C. area. It reported 1,200 open investigations over the course of the year. I was wondering what you thought that over the past 12 months whether mortgage fraud has become...

Private Money Lenders To The Rescue: Hard money lenders are stepping into the void caused by the subprime crisis.
March 1, 2008... The collapse of the subprime market means mortgage brokers who made their bones during the housing boom by finding mortgage financing for borrowers with less-than stellar credit are facing declining loan volume and difficulty finding deals for...

Viral Video Meets Mortgage Lending: Interbay.tv, inspired by sites like You Tube, is a place for video testimonials, training shorts and words from Troy Aikman.
March 1, 2008... Among the most popular uses of the Internet is for people to watch user-generated content. There has always been an indirect marketing angle to such features posted on sites like YouTube, with the creators posting the commercials they would...

Giving a Second Opinion: If H&R Block can do it, so can you.
March 1, 2008... The tax preparation firm H&R Block has a commercial, which advertises that before you send in your tax returns you should stop by their office for a second opinion. Over a year ago, I wrote an article called "Is Second Place Really the...

Upcoming Sales and Marketing Conferences.(Calendar)
March 1, 2008... This calendar of events contains a number of key events worth noting: The Regional Conference of MBAs has several sessions of interest to brokers. March 5-6, 2008 March Madness Conference Idaho Association of Mortgage Brokers ...

Advertising Index.
March 1, 2008... 1st Metropolitan 19 a la mode 1 CitiMortgage Cover 4 Doc Systems 3 Flagstar Doc Velocity 11 Flagstar Wholesale 5 Franklin American 23 ...

At the SourceMedia Fraud & Risk Conference.
March 1, 2008... Among the exhibitors at SourceMedia's Fraud & Risk Conference is BasePoint Analytics, Carlsbad, Calif., with from left Joseph Viggianelli and Enrique Carrillo. Another participant in the trade show at the meeting held in Las Vegas is...