RECENT BLOG POSTS
The Importance Of Credit Cards on Credit Scores The importance of Credit Cards on one's Credit Scores could not be overstated. Revolving Credit and Credit Cards play a large role in determining a consumer's Credit Score. There are three types of Revolving Credit.....(1) Bank Credit Cards (2) Stor...
08/08/2007
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Aegis Mortgage Corporation has stopped funding loans and accepting applications as of today August 6, 2007First Magnus has dropped a lot of its Alt-A products. I don't know what that means for first magnus stay tuned. Greenpoint also dropped some Alt-A products. Credit suisse has dropped a few ...
08/06/2007
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For the first time in my life I did 100 sit ups. For a lot of you reading this the question is, why is this relevant?Let me start by telling you about me. I am 43 years old and slowly beginning to see the effects of what being over 40 does to the human body. I have never been one who exercised a ...
08/06/2007
1. 2007-08-02: Winstar Mortgage - Wholesale Alt-A2. 2007-08-02: American Home Mortgage / American Brokers Conduit - Retail Wholesale Alt-A3. 2007-07-17: Fieldstone Mortgage Company - Subprime 4. 2007-07-28: Nations Home Lending - Alt-A5. 2007-07-27: Wells Fargo Alternative Lending Wholesale - Who...
08/03/2007
I hope you have a had a nice and productive week so far. I have spent time tweaking my business plan and model to see how much more productive and efficient I can be. I suggest you do the same. In the mid to late 80's, I worked as a stock broker on walls street. For those old enough to remember, ...
08/02/2007
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APPending Home Sales Rise in JuneWednesday August 1, 10:30 am ET By Alan Zibel, AP Business Writer Pending Home Sales Index Rises 5 Percent in June, Surprising Wall Street WASHINGTON (AP) -- Pending sales of existing homes rose by 5 percent in June compared with the previous month, a surprisingly...
08/01/2007
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Have you been feeling that our industry is under tremendous assault of late. So much so you are afraid to turn on the TV or listen to the radio, All you hear about are the stratospheric increase in foreclosures or the huge depreciation in home values. On my side of the business what we hear are t...
07/31/2007
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Back to Story - Help American Home can't fund loans By Jonathan Stempel 13 minutes ago American Home Mortgage Investment Corp (AHM.N), a large U.S. mortgage provider, said on Tuesday it can no longer fund home loans and may liquidate assets, putting its survival in doubt.The Melville, New York-b...
07/31/2007
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One of the lenders that I do business with sent me an unusual email today. She normally sends me a rate sheet and tells me about her specials. Today she sent me her rate sheets and added this comment and I quote "If you have any loans that are affected by the unfortunate close of American Home, I...
07/31/2007
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I have been in the business since 1997 and I have some Realtors who believe I can walk on water. One thing I do is, stay in contact all through the loan process and for years after the loan process.Why do you use a particular loan officer? What is it they do that other did not do?What did they do...
07/30/2007