RECENT BLOG POSTS
I read that CircleLending Inc., has released a reverse mortgage calculator to complement Family Advantage, a private reverse mortgage that is a line of credit funded by the relatives or friends of a homeowner and secured by real estate. CircleLending Inc. is arketing mortgage loans between friend...
05/31/2007
Mortgage Daily News is reporting that home sales were down 2.6% in April.  How do we solve this?  Thursday the Census Bureau and the Department of Housing and Urban Development released figures for new home sales in April that showed a big increase in sales and a drop in both median and average h...
05/25/2007
It the Real Estate business, people are always changing companies.  To stay "In the loop", I read some great tips from Marketing Profs regarding this matter.  Patrick Schaber, who blogs at The Lonely Marketer, says this mad scramble for information exposes a lack of internal communication in smal...
05/25/2007
Has anyone tried Dynamic Loan Sceening Software?  It sounds like it maybe a great resource of our company.  Here is the info I found on it:Ellie Mae, a Dublin, Calif.-based provider of software and services for the mortgage industry, has released Dynamic Loan Screening, which it touts as the indu...
05/25/2007
After quite a few weeks floating in the doldrums, mortgage rates made some modest moves last week. Unfortunately those movements, from a consumer perspective, were all in the wrong direction.According to Freddie Macs Primary Mortgage Market Survey the 30-year fixed-rate mortgage (FRM) averaged 6....
05/25/2007
Mortgage Daily News is reporting that the mega-millionaire Brit has been an innovator from the beginning of his career and now it is hard to remember exactly when and where that started because his company, Virgin, is into so many industries and Sir. Richard himself seems to be everywhere. Virgin...
05/23/2007
Broker Universe is reporting that HomeBanc Corp., Atlanta, has reported a loss to common stockholders of $23.8 million ($0.42 per share) for the first quarter 2007, vs. profits of $986,000 ($0.01 per share) a year earlier. The company has been undergoing a restructuring of its operations, but mar...
05/21/2007
The Department of Housing and Urban Development wants to ban all down payment "gift" assistance provided to home buyers by sellers and, in some instances,non profits working with sellers. Under a proposed rule, the ban would apply only to mortgages insured by the government. A spokesman for the F...
05/17/2007
The Colorado legislature is on track to pass some of the toughest laws in the country governing the conduct of state-licensed mortgage bankers, loan officers, and mortgage brokers in response to the state's foreclosure problems. Several bills coming up for a vote would require the state's 22,000 ...
05/16/2007
Technology has made it easy to avoid unsolicited phone calls. Simply glance at the incoming number and determine whether to take a call or send it straight to voicemail. This makes life easier when you're on the receiving end of such calls. But how do you convince someone to return your calls?Fir...
05/16/2007
Rainer
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