Broker Magazine articles from November 2008

Broker Magazine archives from November 2008

Dear Joel; Industry expert Joel Pate will be happy to answer your most pressing marketing questions each month in the Dear Joel column.(Advice)(Column)
November 1, 2008... Byline: Joel Pate Will you explain more about doing business with agents? But before I go there, let me say that I ran across an interesting set of numbers. According to this magazine, at my friends David Bartels and Greg Frost's...

Verifying Tax Returns; A www.mortgagegrapevine.com poster is looking for an FHA lender who won't go to the IRS.(Internet)
November 1, 2008... Mwalker65: Are there any FHA lenders that don't execute a 4506-T form? Thefatladysings: They only times in the past the 4506-T was waived, was no-doc loans, or stated if the client paid for it in the rate. Both of those scenarios, there is...

Regulators' New Powers; The states continue to react to the mortgage crisis.(Legal Department)
November 1, 2008... CALIFORNIA Hat Trick of New Laws Gov.Arnold Schwarzenegger signed three foreclosure and mortgage lending bills aimed at addressing the mortgage crisis. Assembly Bill 69 gives the Department of Corporations continued authority to...

Taking Charge; Why the tail (you) needs to be wagging the dog (Realtor)!(Marketing Maven)
November 1, 2008... Byline: Karen Deis Wow, there are huge changes rippling through the real estate industry right now. What's happening? From 2002 to 2007, the National Association of Realtors had an increase of 400,000 agents who became members. But in...

Hold The Phones; New telemarketing rules are going into effect on Dec. 1 and failure to comply could cost you some cash. Be prepared to document consumers opting-in to accept calls.
November 1, 2008... Byline: Brad Finkelstein The Federal Trade Commission has just made it even tougher for those who use prerecorded telemarketing calls, putting the onus on the marketer by requiring them to get the consumer's permission to make contact. ...

Compensation Conundrum; North Carolina has banned YSPs for subprime loans. California considered such a ban. Will other states follow?(In The News)
November 1, 2008... Byline: Jeniffer Harmon As a result of the real estateboom and some of the abuses that came out of it, mortgage brokers and originators are moving into an environment of increased legislation and regulation. It appears that regulators...

Upcoming Sales and Marketing ConferencesBROKER: November to January 2008.(Calendar)
November 1, 2008... November 5-7 Fall Seminar RESPRO Ritz Carlton Hotel New Orleans, LA Tel: 202-862-2051 Attendees will find out about the latest affiliated business growth strategies from the nation's most successful affiliated business...

Fixing Credit; Does credit repair help consumers become eligible for a mortgage or is it a scam?(Cover Story)
November 1, 2008... Byline: Amilda Dymi If subprime is the current dirty word of the mortgage business, the next most unpopular, at least among insiders, is credit repair. Terminology may appear secondary, yet it is important in conveying credibility, or...

Wholesale Will Survive.(Editorial Report)
November 1, 2008... Byline: Brad Finkelstein, Editor To quote the great philosopher, the Yogi of New York, Lawrence Peter Berra, "It ain't over till it's over." Well, for the mortgage broker channel, in spite of the all the upheaval in the industry in...

Moving Forward; In the wake of the toughest environment ever for originators, our roundtable with the New York Association of Mortgage Brokers at its annual convention in Melville, N.Y., discusses how the group's members plan their future.(Roundtable)
November 1, 2008... MARK: Obviously, the market's volatility is on everybody's mind, and we're wondering what you think will be the effect on your operations especially with the number of wholesalers exiting the business recently? DON: The biggest problem...

Why Reputation Matters More Than Ever.(Short Sales)
November 1, 2008... According to one expert on the topic, reputation is the new profit center for the 21st century. Customers are just a Google search away from hundreds or even thousands of reviews on a companys service. Reputation is built one-person and...