Kurt's Blog

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Mortgage and Lending - Flagstar Bank
Why deal with a Broker when you can deal with the bank?
RECENT BLOG POSTS
With a turbulent year we have had in financing this year, I am hearing more & more that our markets are great in NC but financing is harder to acheive for your clients with less than perfect credit. This is true when most Brokers and Lenders require 580 scores or better to obtain a loan but there...
08/28/2008
With the world of real estate taking a dramatic turn over the past year, referals are your best source of marketing. Many Wholesale Brokers look out for their own pockets and rely on Realtors to feed them loans each month. Of course, buying leads is a huge part of many with the refinance business...
02/05/2008
The Mortgage Bankers Association has changed course and is now backing stand-alone legislation that would allow Fannie Mae and Freddie Mae to purchase jumbo loans of up to $625,000 nationwide on a temporary basis.  The MBA contends that liquidity problems in the jumbo market have led to higher in...
01/10/2008
The Canadan Mortgage and Housing has said that housing starts reached their second-highest level in nearly two decades last year, estimated at 229,600. These are very stagering numbers!!This despite a drop in the seasonally adjusted annual rate of housing starts in December to 187,500 units from ...
01/10/2008
With the new Lending Laws that have gone into effect on the 1st, we are now seeing the effects and benefits that they have put in place.Touching on stated loans, how long do you think it will take for all the self employed Borrowers to rally against our lawmakers and politicians because they can ...
01/09/2008
A U.S. District Judge sentenced a Mortgage Broker to three years' imprisonment for his participation in a mortgage fraud scheme. After his release from prison, he will be on supervised probation for four years. He entered a plea of guilty to conspiracy to commit wire and bank fraud on September 2...
01/09/2008
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Most of you have probably seen the Lender Implode website at one time or another in 2007. I revisted the site tonight and sat here at my laptop seeing how many Lenders I closed loans with and are now gone. My count got to 27. How many can you find and do you miss doing business with them?212. Fir...
01/09/2008
While the rumors are piling up and the decline of Countrywide's stocks, do you think BOA will keep them going or do you see them closing their wholesale division and going completly retail? Here are some facts to look at.The company reported that it had funded $23.5 billion in loans in December -...
01/09/2008
I am fairly new on ActiveRain and am still learning the value of Networking on the site. I see alot of Realtor Blogs and Investors but seldom see a Blog from a Loan Officer or Bank about our side of the industry, other than "How bad everything is" or "They took this product away!". How about hear...
01/08/2008
Shares of Countrywide Financial Corp., the nation's largest mortgage lender, plunged Tuesday after the company denied rumors that it was planning to file for bankruptcy protection. Their stock fell $2.13 to $5.51 in afternoon trading after sinking to a 52-week low of $5.05.In a statement earlier ...
01/08/2008
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KurtVierheller

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I am a very outstanding loan officer for a major Bank. I have years of experience in all types of loan programs that are being offered. I offer the best service that you can find and send qualified Borrowers to my perferred Real Estate agents. I believe in Teamwork between myself and the agents, builders & investors I work with.