Broker Magazine articles from October 2008

Broker Magazine archives from October 2008

Dear Joel.(Advice)
October 1, 2008... Byline: Joel Pate This month's question: I've recently moved to a new city because of my husband's job. I've been in the mortgage business for a few years. What would you do if you moved to a new city, did not know anyone, and had to start...

Looking at a Crystal Ball; A www.mortgagegrapevine.com poster asks about the future.(Internet)
October 1, 2008... Osceolamtg1: I'd be very interested in opinions of those who understand the macro economics better than I. Where do you think we will be 12 months from now? Will brokers survive? Will we go to an entirely different system of underwriting? Will...

A Capitol Win; Mortgage brokers are among the prime beneficiaries of the housing bill, finally getting a national licensing and registry system.(In The News)
October 1, 2008... Byline: Brian Collins Mortgage brokers carefully monitored and influenced the landmark housing bill that Congress passed to shore up Fannie Mae and Freddie Mac and modernize the Federal Housing Administration mortgage insurance programs....

Tax Credit Unveiled; Or is it really just a loan to the consumer?(Marketing Maven)
October 1, 2008... Byline: Leslie Petersen I'm sure you've heard about it by now, but do you really understand the new $7,500 first-time homebuyer income tax credit and how it works? I mean in-depth and practically? And do you also know how to make this new...

Not Far Enough; CAMB says more needs to be done to fix the crisis.(Meetings)(California Association of Mortgage Brokers )
October 1, 2008... Byline: Lew Sichelman Recently enacted federal legislation to stimulate the country's moribund housing market doesn't go far enough, a group of California lending professionals charged last month. The California Association of Mortgage...

Assisting Homeownership For Emerging Markets; The mortgage crisis has impacted this group's financial opportunities and ability to buy a home.(Cover Story)
October 1, 2008... Byline: Amilda Dymi Homeownership rates for buyers labeled as emerging markets soared during the boom years, mostly due to subprime or other loan products not meant for first-time buyers. Conditions today have changed. Gone are...

Keeping a Positive Attitude.(Editorial Report)(meetin goal)(Editorial)(Conference notes)
October 1, 2008... Byline: Brad Finkelstein, Editor An old saying goes "perceptionis reality." There are those that believe it is how one sees the future as a big key to meeting goals. Michael Stahl, a motivational speaker, told attendees at the...

YSPs Under Attack; North Carolina law creates prohibition for certain loans.(Legal Department)
October 1, 2008... CALIFORNIA Task Force in Action Governor Arnold Schwarzenegger's task force on nontraditional mortgages has highlighted the dramatic increase in the number of California homeowners who have taken action in the wake of rising mortgage...

Taking Charge in Sacramento; Our panel at the California Association of Mortgage Brokers convention discusses the changes affecting lending in that state.(Roundtable)(Discussion)
October 1, 2008... LEW: Certain people or groups are trying to make mortgage brokers irrelevant. Is that the case? ED S.: The irrelevancy of mortgage brokers, I think, is futile thinking. Mortgage brokers play a significant role in the distribution process...

Turn It Around in the Fourth Quarter.(Short Sales)
October 1, 2008... The fourth quarter of 2008 is here, and sales managers realize that the next few months are "make it or break it" time to meet the year's sales goals. But according to sales strategy and peak performance expert George Ludwig, it's not too late...

Little Optimism among Brokers; While our quarterly trend survey shows most originators having a less-than-positive attitude, there are some firms bucking the ride.(Statistics)
October 1, 2008... Byline: Brad Finkelstein Webster's new world dictionary describes "trend" as "the general or prevailing tendency or course, as of events, a discussion, etc." Since June 2006, Broker and its affiliated website BrokerUniverse.com have been...