Broker Magazine articles from September 2008

Broker Magazine archives from September 2008

Dear Joel.(Advice)
September 1, 2008... Byline: Joel Pate This month's question: Over the past several years, I have built my business by purchasing leads. How do I break into the purchase business and partner with builders and real estate agents? Remember the third...

It's in the MAIL; Experts say even in these times of online marketing, good old direct mail marketing is an effective way to improve business.(Marketing)
September 1, 2008... Byline: Brad Finkelstein In tough times, experts on direct mail marketing state sending pieces to a well-vetted, targeted list is much more effective than just sending out large mass mailings. Direct mail is still an effective means to...

Key Protections Under Final Rule.(In The News)(Brief article)
September 1, 2008... Byline: Jennifer Harmon * The final rule adds key protections for a newly defined category of "higher-priced mortgage loans" secured by a consumer's principal dwelling. For loans in this category, these protections will prohibit a lender...

Back to Basics; Mortgage brokers are going to have to do business differently under the changes in Reg. Z.(The The News)
September 1, 2008... Byline: Jennifer Harmon Brokers are going back to basics. That is the result of the final rule amending Regulation Z through which the goal of lawmakers is to return the marketplace back to where free-flow of mortgage credit is available...

Realtor Roundtables; Meeting with small groups of real estate agents can help your business.(Marketing Maven)(Discussion)
September 1, 2008... Byline: Karen Deis At a recent MortgageGirlfriends.com mastermind retreat, Kate Wilson of The Kate Wilson Team, Minneapolis, made a profound statement: "Whether you realize it or not, loan officers are in the real estate business. How...

The Growth Market Deck; Any number of factors point to reverse mortgages as being the growth area for the industry in the next few years.(Product)
September 1, 2008... Byline: Amilda Dymi The common perception is that mortgage providers are way too busy surviving the current market conditions to experience growth. Unless, some say, originators focus on the reverse mortgage market space. Melville,...

Catch of the Day; Our roundtable at The Florida Association of Mortgage Brokers convention in Kissimmee reels in the issues affecting the industry there.(Cover Story)(Discussion)
September 1, 2008... BRAD: You all are from different parts of the state, but as a whole Florida has gotten a reputation for being the foreclosure capital of the nation. In your individual markets are things as bad as reported or are things looking up? JAY:...

Not Auto-matic.(Editorial Report)(Editorial)
September 1, 2008... Byline: Brad Finkelstein, Editor Many a scandal in the mortgage sales business has included the following phrase: the company recruited its sales force from the automobile industry. Furthermore, detractors have compared mortgage sales...

Piling On; Connecticut joins the list of states suing Countrywide.(Legal Department)
September 1, 2008... CONNECTICUT BoA: Reviewing Operations Connecticut attorney general Richard Blumenthal is the latest state chief legal officer to file suit against mortgage giant Countrywide Financial Corp., Calabasas, Calif., for allegedly pushing...

Pick the Right Domain Name to Spell Success.(Shoet Sales)
September 1, 2008... Having the right domain name is the first and most important step in ensuring the success of any online venture, and this is especially true in lean economic times according to the experts at Dotster Inc., Vancouver, Wash. "Choosing a...