Mortgage Broker Gen. Powell Now Has Doubts About Obama Plans Darkstar's FTHB/FHA/VA/Mods *JULY Special* PALIN RESIGNING! Giant Pythons Could Spread Quickly Across South VA Streamline Snap Pack Mailer Easy E-Mail Campaigning MB/LO List - NOW 270,000+ E-mails Real Estate Agent Contact Lists $1M Construction Loan-SF Bay Area, CA under collateralized loans Trade Links for Leads Texas Brokers/ Licensed in Texas earnest money Here Are Your Talking Points HVCC Put on Hold Whitehouse salaries Who should be the face of GOP? For All Of You Sarah Palin Fans..... ... Sarah Failin THE solution to HVCC And who had thought that we went to Iraq for oil? We will provide leads for quality Taste / Feedback Anecdotal: Mexicans Get Stimulus Jobs ***Who Wants GREAT FHA Training? ARM Leads, Magic Dust & Misinformation Heart Attacks! Taylor Bean funding nightmare high balance conforming 4th of July Provident Funding Flagstar...word on the street? More "Low Appraisals" FHA Manufactured under collateralized loans fha rate term refi-deliquent taxes Need Feedback: I charge an upfront appm fee Up Front DD Fee 1.2m Nationwide Realtors list with emails for $99 HELP--Rules for Processing loans? Dan Taylor???AKA Precision Dan??? What is your outlook for the remaing half of 2009? A Realtor calls me this morning... Provident Funding LO from home BE A CERTIFIED NURSING ASSISTANT IN ILLINOIS! Be a Ear Candler-2nd Sideline Income! Why the Loan Mod System is more profitable VA Loan Cosignor Can anyone recommend a Great Net Branch in CA 689 fico ASC Aurora cancelled loan mod ARE YOU A TICKING "TIME BOMB"? Fresh Water Sharks Take To Louisiana Swamps DEVELOPER A & D + CONSTRUCTION - UPDATED! COMMERCIAL LENDING - PANNING FOR GOLD! How many days before wire arrives from TBW? Mixed Use / Marina Development When you've been Need 20 mil loan for resort project Rolling Stone - WSJ - Goldman Sachs... Bank Of America Short-Sale required Contribution Did anyone post Glen Beck's YouTube vid what do you think? Need a Lender still doing SIVA's Need CA loan on Land Owned 100% $1.7 Mil Aston Martin 2nd Loan, 30 K 90 CLTV Purchase 765 Fico Loan Officer Opportunities FL Gold Gold Gold Subprime Programs ltv 65% Miami Private //Hard$$$ 8:99% on SFr & Commerical Free and Clear Sfr & Commeri FL Hard$$$ 2 day FUnd Lighting Fast Fudnings @ harddmoneyloans.com USDA Property Requirements How long for tax rebate check? DU Refi Plus Need Help on Fannie Mae HomePath Program. 55% LTV purchase, PR, looking for best rate Here's A Great Example Of Media Bias Forensic Loan Audit Software only $78 Forensic Loan Audit Software Loan Modification Software Loan Modification Software w/250,000 Mortgage Lead property was in an LLC Any conv lenders allowing flips? some clients have nerve looking for a reputable mod company HUD REOs STOP USING TBW Recruiters needed Originate in 46 states, UPDATED INFO ADDED Stated Income Verified Asset Appraiser needed AZ FAST... Best Drummers of All Time Real-Time Leads Delivered directly to your mailbox CREDIT REPAIR----close more loans every month Jumbo Reverse Snark Hunt?? 1003 question New government regulation eff. 7/30/09 HVCC Suspension Update US Soldier captured in Afghanistan Contact CMS for licensing questions and help Seeking loan mod financing Loan mod financing proposal California Hard Money-Direct Lender 415-760-2338 "Loan Modifications" Opportunity for Modificaiton Agents drugs Fico Scores. A change may be needed. Join the team, Loan Officers, Mortgage Brokers Construction or any type of loan to complete. Wholesale or Retail for myself Do More Loans! RE Agent Marketing Program! 30 Day Old Loan Mods for $ 1.00 30 Day Old Loan Mod Leads @ $ 1.00 Good source for Purchase-Money Leads?? $6 mil purchase of Landfill in Mississippi Williams Law Center needs more brokers Stimulus Report Card Pictorial Jumbo arm lenders with best arm pricing? Appraisal management company New Buyer leads Live Transfers 5$ Lower My Bills Running For Cover! Stimulus Now Biden's Baby $10M Commercial deal, NJ Loan Mod Processing I want to Buy As investor, TBW permitting use of $8k FTHB credit at closing National Title & Closing Services Another FAKE townhall meeting for Obama Unemployment income to qualify for HAP Grrrrrrrr................... No Licensing Rule What in the hell is wrong w/people? Appraisal Review Are you looking for a New Jersey license holder? HAPPY 4th ALL top lo's FHA 618 FICO HARD MONEY RESIDENTAL AND COMMERCIAL CA Debt Acceleration NOT Settlement Commercial Hotel Refi Commercial Agriculture Nursery Mortgage Refinance Agricultural Refi Who's Working Tomorrow?? Mortgage Loan Processing Software short sale approvals

Gen. Powell Now Has Doubts About Obama Plans

Uh-Oh.... Powell airs doubts on Obama agenda By Jon Ward (Contact) Originally published 11:44 a.m., July 3, 2009, updated 11:45 a.m., July 3, 2009 Colin Powell, one of President Obama's most prominent Republican supporters, expressed concern Friday that the president's ambitious blitz of costly initiatives may be enlarging the size of government and the federal debt too much. "I'm concerned at the number of programs that are being presented, the bills associated with these programs and the additional government that will be needed to execute them," Mr. Powell said in an excerpt of an interview with CNN's John King, released by the network Friday morning. Mr. Powell, a retired U.S. army general who rose to political prominence after a long and accomplished military career, said that health care reform and many of Mr. Obama's other initiatives are "important" to Americans. But, he said, "one of the cautions that has to be given to the president -- and I've talked to some of his people about this -- is that you can't have so many things on the table that you can't absorb it all." "And we can't pay for it all," said Mr. Powell, who was the first African-American to serve as secretary of state, under former President George W. Bush. He was also national security adviser to President Reagan, and was chairman of the Joint Chiefs of Staff under President George H.W. Bush from 1989 to 1993. http://www.washingtontimes.com/news/2009/jul/03/powell-airs-doubts-on-obama-agenda/
- Last Post by: Rampart on 07/04/2009 @ 04:36 AM

Darkstar's FTHB/FHA/VA/Mods JULY Special

<center>I've maintained a thread here since Nov 06! *Recent testimonials at end of thread!!</center> Once again I lost my long thread(what happened will be in next post), this thread would be over 60 pages had I not lost the 3 previous...Oh well, life keeps going on, just use the advance search, type in darkstar and you'll see my reputation on here...No member has more threads started with his name in the subject and none are complaints!...I take great pride in serving this community, not ripping people off...My website has 100s of pages full of testimonials for your perusal and you can call anytime for recent ones as the last thread was deleted on 2/19!... <center>VOICE BROADCASTING! "The Green Lead...Earth Friendly & Paperless" PRICES ALL INCLUSIVE, NO ADDS OR FEES! Current "JULY" special: Buy 2000 contacts and get 2000 FREE! That's 2 full days for $400 with over 4000 people within your "specific" target getting your information! 1/3 the cost of mail s my prices include the data! We only call those in FHA or VA mortgages NOW(or specific target), no phone book hunting! *FREE - Option to have them transfer right to you LIVE! *FREE - Option for them to tell you to call back at better time! *** No fishing in the dark, we only call people currently in FHA or VA loan, or specific to your target, we're not looking for that needle in the haystack! How will people know to call you if you don't tell anyone? No waiting for delivery, returned letters and lost postage! Now you can tell 1000s of people in ONE DAY! FHA STREAMLINES &/OR LOAN MODS HAVE BEEN THE PREFERRED TARGET! *** [center][b] Want to contact your entire client base and remind them HOW LOW RATES ARE but don't have the time? Now you can in YOUR voice AND give them the option to talk to you right then! *** Once we setup the campaign all you will do is answer the phones! *** For more information call 270-358-8634 today! Adjustable Rate Marketing Serving the business community since 2006 </center> I'm also on SKYPE 24/7, my ID is arm528 *Contacts include transfers, all live answered and calls where messages are left on answering machines.
- Last Post by: darkstar on 07/04/2009 @ 04:30 AM

PALIN RESIGNING!

Fox News is reporting that Sarah Palin has announced that she will resign the office of Governor at the end of this month. No details on the reason for this resignation... Tsnyder
- Last Post by: VoiceOfReason on 07/04/2009 @ 02:31 AM

Giant Pythons Could Spread Quickly Across South

Don't worry about the gators...Worry about the snakes !!! http://www.foxnews.com/story/0,2933,355104,00.html
- Last Post by: Boulderco on 07/03/2009 @ 11:35 PM

VA Streamline

okay this will be asking for a lot here, what the heck where in the mortgage business thats our jobs. They need to be CFL compatible too. Thanks again.
- Last Post by: iwillfynanceu on 07/03/2009 @ 11:12 PM

Snap Pack Mailer

Looking for a mail house in washington state that can merge, print and mail snap packs.
- Last Post by: smurzea on 07/03/2009 @ 10:55 PM

Easy E-Mail Campaigning

<center>Often imitated - but, never duplicated</center> <center>www.RealEstateDatalyst.com</center><hr noshade size="1"> <center>Commercial Bulk E-mail Campaigns</center> <center>http://tinyurl.com/Datalyst-Campaign-Systems</center> <center>We ARE different from the rest</center> We are (as far as we know) the ONLY commercial business who will send your UNSOLICITED commercial messages and also give you the OPTION to download the actual contact databases that we send to. <center>Also, our complete infrastructure is ONSHORE ONLY - we thought you might like that.</center> Every day we send: Plain Text - with 40 character hard carriage return format. The choice of serious plain text marketers…You know who you are! Text HTML - Full rich text formatted messages to your specification using Dreamweaver HTML - the preferred coding of most major mail servers today. Just forward your “ad copy” to us and we do the rest. Click through links created in a snap! Graphic HTML - Nothing grabs a reader's attention like great graphics! We can send your message with images and code all of the redirects. Just forward your "ad copy" and we can easily get your full image messages out in no time. Our current customers are having success with: Building REA relationships Creating their own exclusive leads Loans Loan Mod Credit Repair Short Sales Recruiting LO's Direct download/view website sales Subscription websites Loan rate guides E-books Powerpoint, video and other LO training materials Industry related spreadsheet & database programs Our Campaign setup: 1. Choose a database to send to - Select from our databases and target the prospects you really want. Some databases are quite large and that does not mean you have to send to the entire thing. For example: You could choose our MB/LO database with over 250K contacts and only send to a portion of the database - say 50K or 100K. We will always keep your campaign details on record, so when you want another campaign to more contacts we can eliminate the ones you already sent to, if you like, so you are sending to fresh ones! 2. Choose how many messages you want to send - Please review our pricing details below and plan your campaigns. We find that customers who take the time to plan their campaigns can actually SPEND LESS than those who are blasting on a wing and a prayer. 3. Message review - We will completely review your ad for various reasons such as checking for good grammar, spelling, syntax, tone and it's spam rating cross section. We will run your message through "spam rating filters" to help increase the chance of your message getting to your readers. We may offer suggestions on wording or symbol usage, possible changes to your message and help you to format your ad so it delivers the maximum punch during your campaign. 4. Your review and approval - We will send you an HTML copy of your message (or a link to your HTML copy - whichever works best for you) for your review and approval. You can still make changes at anytime, but when you give us the "go" command your message will be sent and we cannot get it back. Please double check everything before you tell us to hit the send button. We are never in a hurry with your campaigns, so you can take your time. 5. Make your campaign purchase- Once you give us the command to send, we will still need to process your payment before we hit the send button. This will give you time to plan your campaigns and choose the best sending strategies that will work for you. We accept all payments via Paypal and we will send you a special purchase link for your campaigns. You can make your payment anytime before we send your campaigns. <center>Campaign Pricing</center> <center>10K messages sent for $75 (minimum campaign) 25K for $175 50K for $300 75K for $375 100K for $425 150K for $500 200K for $575 250K for $650</center> We have bigger discounts for the more aggressive marketers who desire 250K plus – 5 Million messages outbound each month (or each week!). We also recognize bulk sending prices for customers who are not doing million message blasts. For instance: Let's say you wanted to send five individual 50K message campaigns across a month or so. You could either purchase and send each 50K campaign separately ($300 for the first one & $150 for each of the other four = $900) or you could purchase a 250K campaign upfront for $650 and save $250 or about 30%. You can still have the messages sent on your schedule. Remember, you are in complete control of your marketing - you always have choices with us. You have the option to campaign to the same list as many times as you choose (same message or a different one) for 50% off on consecutive mailings as long as you send a campaign at least once every 7 days. We reserve the right to select times of day and to spread certain campaigns across multiple days. Target the prospects you really want and select from our databases. Some databases are quite large but, that does not mean you have to send to the entire list. For example: You could choose our MB/LO database with over 250K contacts and only send to a portion of the database - say 50K or 100K. We will always keep your campaign details on record, so when you want another campaign to more contacts we can eliminate the ones you already sent to, if you like, so you are sending to fresh ones! We find that most of our customers to date (small business marketing) are sending 25K - 75K once per week until they see the numbers they want. Everybody has their own strategies and methods. Some customers use our service to simply increase direct sales at their websites. Others (MB/LO, loan mod, credit repair, etc.) use our sending resources to drive leads to their submit pages on their websites. Either way, we only charge to send the messages. We in no way charge commissions or lead fees. All sales and leads are the property of the customer only. That is just another reason why we are different from many other vendors out there. Our Campaign Must Haves: 1. Your subject line - Make it brief, catchy if you can and to the point - avoid "spammy" terms like "Buy Now", "Hurry", "Sale", "Big Discounts" & "spammy" symbols like $, &, *, !, etc. Spam filters don't like those. 2. A first & last name - This will be shown on the "from" line. It should be the sender's real name (though we won't tell if it isn't). Avoid strange names as spam filters don't like those either. 3. A valid "reply to" e-mail address - This will also be shown on the "from" line. It will be subject to receiving auto responses (out of office, vacation, etc.) and the replies from your readers. It will also be subject to anyone who received your messages - so select it wisely. Many business folks don't like responding to non professional free domain addresses like gmail, hotmail, yahoo, etc. Put your best foot forward. 4. Your complete message - Include a one line title, if you like, in bold to get your reader's attention. Tell them who you are so don't forget the name of your business. Keep your paragraphs to three short sentences at most - any more and you might lose the attention of your reader. Use bullets for multiple important points you want to get across. You should have some kind of a closing statement to wrap things up and include your business name again, if you like (take advantage and brand yourself). Lastly, don't be afraid to let them know who you are personally, if you like - include your name, mailing address, phone numbers (direct, cell, office, toll free, etc.), and your "reply to" e-mail address again for them to see in your message signature. Everybody sends different messages so don't be afraid to try something - swing for the fences! Remember, we do not charge extra for helping you put together a message, code your click through links or redirect graphics from your host server. We are not copy writers or graphic artists though, but if you have any questions at all - please feel free to ask. Also, we recommend the use of shadow domains when you reference to or have links to websites as well as your e-mail address domains. We want to help protect your business assets. The net can sometimes be a pretty strange place to navigate, so think like a boxer - protect yourself at all times. Yet, another reason why we are different from many other vendors out there. <center>Protection for YOU and YOUR Business Domains</center> We have campaign programs specifically designed to protect your business domains from being blocked, redlisted or blacklisted. We send your messages from our commercial bulk sending platform. We send from multiple Class "A" IP's and multiple domains. This will protect you from any spam complaints because they will simply be directed to our server – not directed to you. We have entered into agreements with the mail server community and are required to follow the multi feedback loop procedures. We jump through the hoops so you don’t have to! We handle spam complaints from our commercial bulk sender platform. When you follow our recommended protocols you will not have to defend yourself against spam complaints from mail server administrators against your business domains. NOTE: Our only restrictions are that your content must be industry B2B related (or easily approved). We do not send campaigns related in any way to MLM's, dating/escort/other websites, prescription medications or OTC medications such as weight loss pills, gaming enticements or any other advertisements that may violate Federal or State laws. <center>You have plenty of individual options</center> You can use your own "reply to" address and receive all the replies (and autoresponders) or we can use ours and you will receive nothing at all - just the click throughs to your website. You also have the option of using a "shadow" domain to further protect your business domain. For instance, your domain may be loanbroker.com. You can set up a shadow domain called loan-broker.com or loanbroker.net. We can enter this as the "reply to" domain and you will receive all your replies, but it will send them to your campaign domain and protect your true business domain (we have found that recipients rarely pay attention or even notice the difference). You can simply forward your campaign domain replies to your business address account. You can then correspond from your real address if you choose. This will even further protect your business domains and addresses from complaints, block attempts and blacklists. It really depends on what you are marketing and how you want to receive customer responses. We would like the opportunity to design your individual campaign. <center>Projects take just 1 to 3 business days to plan and execute </center> <center>It’s as easy as…1 - 2 – 3</center> 1. You choose the database you wish to send to, the number of times to send to the database initially and your campaign “name” & “reply to” address (this data is your campaign instructions). The database can also be purchased at the BO discount price along with your campaign. 2. You enter “Mail Project: & your BO user name” as your subject line. Your campaign message (in an attached word doc if you choose), your subject line and your campaign instructions. We will review your project, reply to you with updated database counts, campaign agreements & billing information. 3. We will send you a test message for your approval & then send your campaign. <center>Contact us today</center> Sean & Chris Support@RealEstateDatalyst.com
- Last Post by: datalyst on 07/03/2009 @ 10:22 PM

MB/LO List - NOW 270,000+ E-mails

Real Estate Agent Contact Lists

$1M Construction Loan-SF Bay Area, CA

+/- 1Mil. / SF Bay Area. FICO 750+ Multi-family / Investment Strong reserves
- Last Post by: haw110 on 07/03/2009 @ 10:18 PM

under collateralized loans

If you are currently working with a client who qualifies for a refinance but their current loan is under collateralized I will negotiate their existing mortgage debt and fund a new loan up to 95% of the current appraised value. Borrower must have >550 Fico score. There is no additional fee for this service just the cost of the refinance. Feel free to give me a call to discuss referring me your business. We have seen drastic reductions of principle negotiated right from this office. There is no guarantee all negotiations will be successful but your client will appreciate all of my effort.
- Last Post by: kellamtom on 07/03/2009 @ 10:00 PM

Trade Links for Leads

Hello good people. I have a USDA loan lead generation website and I’m interested in exchanging exclusive purchase leads for links to my site. Here’s how it works. On your site, you create a page/post espousing the benefits of the USDA home loan program. I’ll give you an outline if you would like. Make sure to rewrite it or change it enough to ensure you are posting unique relevant content. Included in the article there must be 2-3 links to my site. I’ll supply the anchor text. In exchange for this, I’ll send you anywhere from 1-5 exclusive leads depending your page rank, google rakings and age. I’ll let you know how many you can expect before we get started. To be clear, I'm not talking about the leads you’ll generate from people reading your page or my USDA article (with your revisions) and contacting you; I’m talking about leads from folks who do a google search, go to my site and fill out a form. If you’re interested, message me with the following information. 1. The URL of your site/blog 2. What states you do business in The process should take you about 15 minutes. That’s pretty much it. Feel free to contact me if you have any questions.
- Last Post by: sawa0018 on 07/03/2009 @ 9:55 PM

Texas Brokers/ Licensed in Texas

Hi, I am in desperate need of a new broker. Currently I work with Envision Lending Group, however, they decided not to renew their Texas License. Does anyone know of a good large broker/correspondent in the Houston area that is hiring? Or it can be a broker/ correspondent that is Licensed in Texas ** Must do FHA and must be able to work from home. ** Must have a decent split or per file charge Thanks in advance!
- Last Post by: kellamtom on 07/03/2009 @ 9:52 PM

earnest money

have friend that got an approve eligible fha, the house is an as is property. the property will not pass a fha appraisal. if she does not qualify for conv. is she entitled to her earnest money.
- Last Post by: kellamtom on 07/03/2009 @ 9:45 PM

Here Are Your Talking Points

As a service to all infected with PDS here (formerly BDS sufferers), these are your talking points and guide to how to think. Alaska Democratic Party Statement: "Alaskans are dismayed yet not surprised that Governor Palin is abandoning her obligations to our great state. Sarah Palin's decision to step down as governor is a shock to Alaskans, coming at a time when leadership is needed secure a gas pipeline and address rising unemployment. Palin's lack of commitment to her sworn obligation to serve her term to the best of her ability is a betrayal to all Alaskans," said Patti Higgins, Chair of the Alaska Democratic Party. DNC Statement: (Brad Woodhouse Communications Director for the DNC ) "Either Sarah Palin is leaving the people of Alaska high and dry to pursue her long shot national political ambitions or she simply can’t handle the job now that her popularity has dimmed and oil revenues are down. Either way - her decision to abandon her post and the people of Alaska who elected her continues a pattern of bizarre behavior that more than anything else may explain the decision she made today." We're still awaiting guidelines on how to respond when confronted with Obama didn't finish his term as Senator (some would argue never began), leaving the people of Illinois high and dry. http://hotairpundit.blogspot.com/2009/07/alaska-democratic-party-and-dnc-respond.html
- Last Post by: assassin17 on 07/03/2009 @ 9:44 PM

HVCC Put on Hold

I have been hearing rumors about HVCC being placed on hold for the next 18 months, any have some up to date news regarding this?? I lost my last 4 out of last 5 refi's cause the appraisals either did not provide evidence to support the value or came in at an unrealistically low market value. The appraisal management companies only pay appraisers about $175 for every order, before HVCC most of them earned $350 per order. When you pay ****, you get **** in return, HVCC needs to be cancelled.
- Last Post by: frank drigotas jr on 07/03/2009 @ 9:16 PM

Whitehouse salaries

In the spirit of transparency the white house has released the salaries of all employees. http://news.yahoo.com/s/ynews/20090702/pl_ynews/ynews_pl425
- Last Post by: MortgageBoarder on 07/03/2009 @ 9:12 PM

Who should be the face of GOP?

I don't think GOP will win the election in 2012 unless the GOP party can come up with a good candidate. And if the economy continue this way through out 2012, then I think GOP may have a chance. So far I am thinking of Romney on GOP side when it all come down to fixing economy. Regardless of what, I don't think Hilary will have a shot in 2016 if Obama is out in 2012.
- Last Post by: Rampart on 07/03/2009 @ 9:04 PM

For All Of You Sarah Palin Fans.....

From Politico.... Palin to make announcement from Wasilla at 3 Alaska Gov. Sarah Palin will make what her office is only calling an "announcement" at 11 AM local (3 Eastern) from her home in Wasilla. Speculation is raging both in Alaska and in the Lower 48 that she'll reveal her plans regarding next year's gubernatorial race. So much for today being a slow news day. http://www.politico.com/blogs/bensmith/0709/Palin_to_make_announcement_from_Wasilla_at_3_.html
- Last Post by: Rampart on 07/03/2009 @ 9:01 PM

...

...
- Last Post by: Managing Prime on 07/03/2009 @ 8:53 PM

Sarah Failin

Ooooh it's so juicy!! Now instead of being just a bunch of quotes from "anonymous sources", people are actually going on the record about the epic failure that was McCain's VP choice. Enjoy. . . http://www.vanityfair.com/politics/features/2009/08/sarah-palin200908
- Last Post by: Rampart on 07/03/2009 @ 8:50 PM

THE solution to HVCC

Here it is, the be all, end all solution to HVCC.. In 2 steps 1) HVCC is abolished 2) Every appraiser is to be informed of the following logic and made aware of it... If each and every appraiser realized that if NONE of them give into brokers, then brokers will have no threat or power, nor will lenders. Problem solved! If brokers CANT take an appraisal order to another appraiser who will appease their sad request for a certain value, problem will be solved, no more cost to borrower, no more extended turn time. TA DA
- Last Post by: Adept Appraisal on 07/03/2009 @ 8:36 PM

And who had thought that we went to Iraq for oil?

What the hell? So we went to war for nothing? Were we actually going to war to liberate the Iraqis? If we went there for oil, then why BP and CHINESE won the bid for oil? http://edition.cnn.com/2009/BUSINESS/07/01/iraq.oil.contracts/
- Last Post by: Rampart on 07/03/2009 @ 8:25 PM

We will provide leads for quality Taste / Feedback

[b]Hi, We are looking to setup a relationship with a company which will work with our exclusive mortgage leads and in return, give feedback on the internet about our quality exclusive leads. We are a new company and need exposure on the web to grow our business. If someone is interested, please visit www.BuyFhaLeads.com for our contact information. Regards, Alex / http://bit.ly/YqaSd [:)][:)]
- Last Post by: rockytop on 07/03/2009 @ 8:25 PM

Anecdotal: Mexicans Get Stimulus Jobs

The post below is from another forum. In a thread about the economy, this individual posts up the following about the stimulus. Apparently this guy lives in Nebraska. I work for the government, and my agency received a nice chunk of stimulus money for equipment, and projects. Most of the money will be going to projects. The problem is, these projects. Who do you think the winning contactors hire? They hire mostly mexicans to do the work, who in turn send their earnings to Mexico to their families. These workers get work visas for like 9 months or so, then return back to Mexico. I have first hand knowledge of this. It is so bad, a stipulation had to be put in the contracts that there must be an english speaking foreman on the jobsite at all times. Most of the time, you have to fight with the contactor to meet this aspect of the contract, and you usually get several different foreman during the length of the contract that speak broken english at best. My question is, how does this stimulate the economy? I thought this money was intended for our economy, and not the Mexican economy. Aside from the stimulus, there are several government contracts in place that work the same way. And don't say they are doing the jobs that Americans won't do, because I can't tell you how many Americans want these jobs but can't get them now. We had Americans lined up putting in for these jobs for $11 an hour. Each and everyone of these Americans were veterans at that, and can now no longer get these jobs. 
- Last Post by: khoiey on 07/03/2009 @ 8:12 PM

***Who Wants GREAT FHA Training?

FIRST: FULL DISCLOSURE The publisher of the information I'm about to share with you has an affiliate program. I am an affiliate. I receive a VERY SMALL commission for each sale through my link... less than $36. That's not my primary reason for posting this. When my company decided to get involved in originating FHA loans I knew it would be important to provide a source of training for those who have no FHA experience. I looked around at every FHA training program I could find. What I found is this... there is a lot of good stuff out there but most of it is very expensive... live seminars, online webinars and "guru" training packages... most of them in excess of $500. I have the FHA underwriting guidelines handbook... good luck with that... lol... and I've been to the freefhatraining.com website... very good but somewhat limited. The audios are well done but you really need more than that if you're going to do FHA the right way. What I found was a comprehensive training program that's presented in a way that the average person can understand the ins and outs of originating FHA loans. The program is certified for CECs in 35 states, is used by the NAMB and many state broker associations... and many major lenders. The best part is this... not only is it the best program I've found, it also happens to be the least expensive... only $97. That's incredibly cheap for everything included. They even include a great little marketing plan for developing FHA business. And it comes with an unconditional 30 day money back guarantee. If you want to get more details click this link... [url]http://www.FHATrainingPro.com[/url] Tsnyder
- Last Post by: Tsnyder on 07/03/2009 @ 8:07 PM

ARM Leads, Magic Dust & Misinformation

Recently we've seen a whole host of folks selling ARM leads on the Outpost... Some are good... some... not so much... Here's the problem... If you're new in the business... or you simply have a limited marketing budget... you can't afford to screw up the first time... or even the second or third... The key to effective marketing is hitting the right target with the right message every time. All of these ARM lead sellers are selling some form of data... origination date... start rate... some even provide the recast date. The problem... as evidenced by several posts in various threads... is this... that's all good data but in every batch of leads you're guaranteed to get some that have already refinanced, sold or foreclosed. Marketing to those people is a waste of tme and money. They don't want or need your services. (I'll show you how to eliminate that waste...) If you have a limited budget... or you just get tired of paying hundreds... even thousands... of dollars per month for leads my system... Never Buy Another Lead... was made for you. To learn more details about how you can generate these highly targeted and responsive leads yourself... without ever having to buy another lead... click the link below. There's a discount on the few remaining copies... http://www.InterSoftPublishing.com Tsnyder
- Last Post by: Tsnyder on 07/03/2009 @ 8:06 PM

Heart Attacks!

M jackson died of cardiac arrest, billy mays died of heart complications or diseases then I found out three dudes in upper 40s are having heart attacks and three of them are in hospital (different places). Geezus, are we men in upper 40s and early 50s are being punished?
- Last Post by: VVance on 07/03/2009 @ 8:02 PM

Taylor Bean funding nightmare

I closed an FHA streamline refi with Taylor Bean on the 22nd of June. Was supposed to fund on the 26th. Funder first says they are 48 hours behind on funding then she says they are 72 hours behind. Well here I sit, no wire, the funder has no answers and says there is no one I can call about status. My account rep won't return my emails or phone calls. Does anyone have any clue of who I can contact about this? The funder said the wire should be coming out of Florida. With the long holiday weekend coming up, I'm concerned that I am going to have to tell my borrower that he needs to make another payment. I have also heard the Taylor Bean is on the FDIC watch list...making me wonder if they HAVE to funds to wire. Any ideas? Kinda freaking out a bit here.
- Last Post by: BAHMN on 07/03/2009 @ 7:46 PM

high balance conforming

Who has the best pricing on high balance conforming. any help would be greatly appreciated.
- Last Post by: timjarvis on 07/03/2009 @ 7:06 PM

4th of July

Beach
- Last Post by: toddblue on 07/03/2009 @ 6:51 PM

Provident Funding

They have great rates, the fastest turn times in the industry, and horrible interpersonal skills and are so nit-picky my customers regularly scream at me. They strictly monitor the loans that are locked and not closed and when you reach 25%, you are out. They lie and mark loans as "withdrawn" by broker when they were declined becasue of low values, or other similiar items. They do not respond to questions directly, or at all, if you try to address this. I find it impossible, since my customer base is in a "declining market" in the Philly suburbs, to get all my locks closed. I really try through. I never cancel a loan. I feel like there is no understanding and frankly they are discriminating against a region. Their only comment is "I should have known" the appraisal would come in low when it does. Hmm.
- Last Post by: Mgreenstein on 07/03/2009 @ 6:48 PM

Flagstar...word on the street?

Any news on flagstar? A friend of my dads called me upset because flagstar is holding up closing on her loan for no apparent reason. I can't get a hold of anyone there at this hour...anyone know if they are having problems?
- Last Post by: Kenneth Fedak on 07/03/2009 @ 6:44 PM

More "Low Appraisals"

I'm not big on using this argument against HVCC, in fact, it flat out stinks, but I'll take the publicity: http://www.washingtonpost.com/wp-dyn/content/article/2009/07/03/AR2009070301194.html I don't like the Washington Post, but I thank them for running this article. Dave...
- Last Post by: Adept Appraisal on 07/03/2009 @ 6:42 PM

FHA Manufactured

Whi is doing this other than TBW?
- Last Post by: Mgreenstein on 07/03/2009 @ 6:26 PM

under collateralized loans

fha rate term refi-deliquent taxes

can somone tell me where on the hud website where it states that deliquent taxes can be included on a rate and term refi.
- Last Post by: jls on 07/03/2009 @ 6:17 PM

Need Feedback: I charge an upfront appm fee

I charge an upfront, non-refundable application fee to my borrowers prior to putting in all the work on the approval process. They sign the contract acknowledging this fee upfront. Is this illegal or unethical if its fully disclosed? Appreciate the feedback
- Last Post by: clydesnodgrass on 07/03/2009 @ 6:14 PM

Up Front DD Fee

I have a loan I am working on through a broker, they (the lender) is requesting a $7,000 DD fee for a $33 million commercial loan. This is not due until after the pre-qual letter and given the size of the loan I didnt know if it was typical. I am trying to get more information on the lender but I am told it is a group of private investors from overseas, I am skeptical but I cant find any bad (or good) information on the mortgage broker or anyone else. They did send me a list of deals completed however there isnt any way of verifying those. I am working on setting up a conference call so I can get some more answers before moving forward.
- Last Post by: integrity11 on 07/03/2009 @ 6:06 PM

1.2m Nationwide Realtors list with emails for $99

1.2 Million US Realtors Database with email Nationwide Realtors Database with email addresses and complete contact information including Realtors name, address, phone and email address. Database is broken down by state. 30k RE Investors with email addresses 3k Pension Funds with over $100m Assets under management 130k US Attorneys with email contact All databases are only $99 each or any 3 for $199 We also have private and institutional investor databases also. Let me know your needs. OTHER DATABASES FOR SALE! Any 3 for $199 Nationwide Real Estate Investment Clubs Database 200 Top Debt Buyers Database with email addresses 2600 Top Money Managers Email Database 15k US RE Developers database with email addresses 60k Car Dealerships with Email Addresses 1.3 Million Church Members Email Addresses 14 Million US Businesses 5 Million US Businesses with email addresses 1.1 Million Realtors with email addresses 30k RE Investors with email addresses 60k Hard Money email database 60k US Attorneys with email contact 3k Pension Funds with over $100m under management 3k Private Equity Firms with email contacts 600K MLM Email Addresse Database 900k Internet Marketers email addresses 30k Insurance Agent Email Database ___________________________________________ New databases: ACCREDITTED Investors database by state (call for pricing) 700k Private Investor's email database $895 1M Stock Market Investors email database $1295 http://www.theworldstockexchange.com Call Terry:865-389-7153
- Last Post by: lilearl on 07/03/2009 @ 5:20 PM

HELP--Rules for Processing loans?

Any update or new rules on mortgage brokers processing their own files? Is this ok or do you have to use an outside processor? on all types of loans? Please let m eknow. Thanks
- Last Post by: Ruby2sdae2 on 07/03/2009 @ 5:10 PM

Dan Taylor???AKA Precision Dan???

Thanks for nothing. You thief you stole from my boss, my co workers and my family. Justice will find you punk!
- Last Post by: mdk on 07/03/2009 @ 4:51 PM

What is your outlook for the remaing half of 2009?

Bernake has said that we will have a recovery by the last quarter of 2009 and so are some economists that share Bernake's thinking. I don't see that happening at all and with rising unemployment rate and an unrelenting pace of foreclosures I see the opposite of what Bernake has preducted. I subscribe to the school of thought of Robert Chiller who predicts further falls in home prices that that housing recovery will still remain sluggish and it is not possible to expect the recovery in short-term. We only have 6 month left but I don't see any possible "refi boom" or "purchase boom" at all. I think at best we will be plugging along doing loans here and there just to eke out a decent living. Brokers and loan officers who can make a decent living and pay their bills without having to give up the business should be proud of themselves of being the "2009 ultimate suvivors." Anyone has a different outlook and sees good news or growths ahead that I don't see. Let's hear your input. Peter
- Last Post by: Adept Appraisal on 07/03/2009 @ 4:37 PM

A Realtor calls me this morning...

...and tells me that he just got the appraisal back. He said he has some bad news. They are still within the time for the appraisal contingency, and needed to cancel the deal. In this market I'm fully prepared for this conversation. Every freaking appraisal keeps getting cut. Listing price was 300k, and he was the high bidder at 325k. So I asked him, how bad is it? What did the appraisal come in at? He told me it came in at 340k. They were hoping that the appraisal was going to come in at 275k and they would get the house cheaper. Unbelievable! Can the appraisal contingency work this way?
- Last Post by: slants on 07/03/2009 @ 4:32 PM

Provident Funding

We were just cutoff for having a 69% pull thru ratio with provident. Does anyone know how long it takes to get signed back up with them? Robert
- Last Post by: Pat on 07/03/2009 @ 4:12 PM

LO from home

First time doing loans away from an office. If anyone has any suggestions, as far as: home office requirements for doing loans organization tips marketing tips time management tips I plan on working my normal 40 hr job and originating a few loans a month. While you may hate this idea, I'm not going back to commission only right away.
- Last Post by: charlesdailey on 07/03/2009 @ 4:11 PM

BE A CERTIFIED NURSING ASSISTANT IN ILLINOIS!

Are you being laid off? No income, since real estate and mortgage is not moving? Bored in your present job? Want good opportunity. In Chicago, Illinois, our marketing client offer 5 weeks class and clinical to be a Certified Nursing Assistant. Career Training Center Of Chicago (CTCC) offers the Basic Nurse Assistant Training Program that will provide students with comprehensive theory and clinical training needed to acquire the knowledge and skills to meet the Illinois Department of Public Health requirements for CNAs. We offer a 5-week course, but with perfect attendance, you can finish in as little as 4 weeks. In fact, the training is fast-paced to ensure the earliest graduation possible. Contact us now and join the exciting world of medicine! There are a lots of Employment Opportunities in Nursing field. After this CNA, you can go to Licensed Practicial Nurse (1 year) and then went to become registered nurse (2-3 years). If you want a rewarding career in healthcare, contact Career Training Center Of Chicago. This program is designed for those seeking Certification and employment as a Nursing Assistant. The objective of the program is to train you to meet the required skills to safely function as a Certified Nursing Assistant. Upon successful completion of the program, you will be awarded the Certificate of Completion and will be eligible to sit for the Illinois State Certification Examination. Your prospective employer areL nursing homes, hospitals, and private person For more information, call Patty, marketing rep -(773) 683-5504.Tuition fee is $700.00. www.maxibmeromarketingservice.com
- Last Post by: madonna on 07/03/2009 @ 4:10 PM

Be a Ear Candler-2nd Sideline Income!

Have you heard about Ear Candling or coning? Do you know someone who want to have a 2nd part time income in one of the alternative holistic healing business? Ear Candling is a natural, non-intrusive procedure that may help alleviate the painful effects of chronic headaches or sinus conditions, ear infections, allergies or vertigo, as well as minor hearing loss due to excessive earwax build up. The origin of this unnatural practice has been given as ancient Tibet, China, India, Egypt, and pre-Columbian America. Even Atlantis is cited as a possible origin. Ear candles are long, hollow tubes made of wrapped muslin. They are used for ear wax removal and other problems to do with ears and even the sinus area. They are believed by some people to help with ear infection and other problems such as blocked ears, sinus headaches and lack of hearing. Mostly Ear Candler Holistic Practitioner charges $75-$100 for cleaning 2 ears thru beewax candle. Mostly you can see them at wellness center, holistic healing center, beauty salon, and spa. Try school of ear candling under www.fengshuichicago.com. Email:fengshuichicago@yahoo.com Call 773-588-8776 and ask for Richard. You can do it either by attending live class in Chicago or Correspondence course. You will be given a certificate of attendance. Note: Try www.maxibomeromarketingservice.com for Shaanta, Inc. for holistic healing wellness center for colon,etc. Ear Candling is used primarily for cleaning the ears, and to promote a healthy atmosphere in the ears, sinus cavities, and throat. There are, however, several other benefits. The process can help regulate pressure, assist with post nasal drip, sinusitis, catarrh, migraines, some forms of hearing loss, and the restoration of equilibrium. Some manufacturers of Ear Candles often refer to them as Hopi Ear Candles, referring to the Hopi Native American nation. There is, however, little objective evidence that Ear Candling is in fact an established treatment within Hopi folk medicine. Allegedly, this technique was also used by the ancient Atlanteans, Egyptians, Mayans, and Tibetans to cleanse the spiritual and physical body. Ear candles are not a medical device and are no substitute for professional medical care. Consult your health professional before using this product. Not recommended for individuals with perforated ear drums, ear tubes, or other ear conditions. This product and information has not been approved or evaluated by the Food and Drug Administration. No claim is made for a diagnosis, treatment, or a cure of any disease, ailment, pain or condition. Misuse and carelessness can lead to serious injury. If anybody in doubt, search in google, ear candling certification or school, you can see the result.
- Last Post by: madonna on 07/03/2009 @ 4:07 PM

Why the Loan Mod System is more profitable

To learn more go to www.loanmodreport.com
- Last Post by: loanmodreport on 07/03/2009 @ 3:28 PM

VA Loan Cosignor

Can a fiance co-sign on a VA loan or can it only be a spouse?
- Last Post by: findingfunding on 07/03/2009 @ 3:15 PM

Can anyone recommend a Great Net Branch in CA

I am looking for a good net branch in Southern CA that are fha approved, thank you berore hand.
- Last Post by: 1003s.com on 07/03/2009 @ 2:57 PM

689 fico

I have a borrower who wants to buy a home. She is currently getting her primary home ready to rent. However she will not have it rented out before she moves to her new primary property. She does have enough DTI (39 %) with her new home (primary home) including the departing home mortgage payment. She wants to qualify for a 5-10 % down payment. does anyone know any lender that would do this loan at 5-10 % down as a primary home?
- Last Post by: Kenneth Fedak on 07/03/2009 @ 2:49 PM

ASC

America's Servicing Company... has anyone dealt with these people.. I feel so sorry for my 55 year old client. She has been negotiating with them since 12/2008 and BEAUTIFULLY presented her loan mod package to them. I took a look at it and was AMAZED that a lay person could put a package so well together, ONLY to get declined for no reason imaginable to her... Can she try and contact WELLS FARGO, Isn't ASC the servicer for WELLS FARGO... Any advice.. I told her I would ask on this board if anyone else has had any success and/or horror stories
- Last Post by: peterut on 07/03/2009 @ 2:46 PM

Aurora cancelled loan mod

Had 3 month trial , two step program approved and signed by bank on May 1 , first payment was due June 1 , she sent first payment on May 1st , by mistake , so today she gets a letter saying the mod has been cancelled due to her paying TOO EARLY !!! Has this happened to you anyone yet ?
- Last Post by: peterut on 07/03/2009 @ 2:32 PM

ARE YOU A TICKING "TIME BOMB"?

A number of you are aware that a significant part of my professional activities involve providing business development, marketing consulting and debt/equity capital-raising services primarily to owners and Principals of businesses with a product or service that has "dynamic" potential. One such client is a NJ based Company by the name of Health Care Providers Direct, Inc who are primarily engaged in R&D of innovative diagnostic tests for in-practice use by physicians and clinicians. Very recently, HCPD Inc received all-important FDA clearance on two Tests that enable those "Life-Essential" products to be sold directly to consumers. How many of you have been directly or indirectly impacted by COLON CANCER? How many of you are even aware that Colon Cancer has become the 3rd ranked cancer killer in the USA? Most of you cannot have avoided the growing number of medical media-advocates urging those aged 40+ to undergo an annual colon screening. The simple fact is that MOST of "us" do not seek out a colon exam. Even among those covered by health insurance, fewer than 30% will "volunteer" for that examination for the following reasons: 1: A SENSE OF AWKWARD EMBARASSMENT ASSOCIATED WITH A COLON EXAM 2: A RELUCTANCE TO UNDERGO A COLONOSCOPY WITH IT'S PERCEIVED DISCOMFORT 3: "IGNORANCE IS BLISS!" Best explained by the fact that early stage colon cancer is "silent" and without symptoms. Translated: "I feel great so, why bother?" Put the above factors together and little wonder that colon cancer has become an increasing medical menace both in terms of the numbers of folks falling victim of mid-to-late stage cancer and the cost of treatment. Detected in it's early stages, colon cancer can be effectively treated with 90% success. Mid-to-later stage colon cancer requires aggressive surgical treatment which in many cases leads to radically changed lifestyle changes which are also "inconvenient". Left too late and the result is a painful death. HCPD INC'S "COLON HEALTH CHECK" is a fast-response AT HOME SELF-TEST which is NON-INVASIVE and 98.3% accurate. In less than 5- minutes the test will show either a negative or positive result.If "positive", users are highly motivated to seek appropriate medical investigation because symptoms have been detected that indicate the presence of POLYPS in the colon that may be benign or cancerous. At $39.95 the COLON HEALTH CHECK is not only highly convenient and EASY-TO-USE it costs way less than a doctor's office visit plus the added cost of a colonoscopy. Once thought to be a disease that commonly affects adults aged 45+ the FACTS now indicate that adults aged 25+ are increasingly being diagnosed with colon cancer. COLON CANCER IS AN EQUAL OPPORTUNITY DISEASE albeit the incidence among the African American population is significantly higher. Many of you on B/O are under aged 35 with a sense of "immortality". Think again! In any event you have loved ones, parents and relatives who are aged 45+ and you need to make them aware of the need for an ANNUAL colon health check. HCPD have established an informational website which features a video presented by Brett Bernstein, MD who is Head of the Department of Endoscopic & Gastrointestinal Medicine at New York's Beth Israel Hospital. (colonhealthcheck.com) The other "Life Esential" Test that has been FDA cleared for consumer distribution is the CHOLESTEROL LEVEL TEST. Again, very easy to use with results in 5-minutes that indicate both your HDL (good) and LDL (bad) cholesterol levels. Make no mistake about it, sustained elevated levels of LDL cholesterol WILL lead to cardio-vascular problems not the least of which will be high blood pressure caused by the build up of plaque deposits attached the walls of arteries. Adults aged 25+ are encouraged to have a cholesterol level check-up every three months and again, at $39.95 for a single use Test, way less expensive than a dioctor's office visit. FDA clearance on the Cholesterol level Test was received within the past couple of weeks and HCPD, Inc have yet to develop a consumer website for that product. So, if you want to order it you might want to send me an email inquiry and I will forward it to the Company who will contact you with "How to Order" information. DO NOT SEND ME YOUR CREDIT CARD INFORMATION - I DON'T NEED IT - I DON'T PROCESS ORDERS - AND NORMAL EMAIL TRANSMISSIONS DO NOT PROVIDE YOU WITH SECURITY. Some of you may be sufficiently interested in either or both products for business reasons especially if you have a spouse or a friend who is a "Health & Wellness" practitioner or a Certified Nutritionist or ND in private practice. "YES" HCPD, Inc have volume pricing available for purchase by such professionals. In addition, I have just introduced a special program whereby Non-Profit Health Foundations, Chapters of Philanthropic Organizations (Eastern Star, Freemasons etc) and Churches will receive special pricing on multiple unit orders for their Health Awareness Events. Just email me with brief details, name of Church/Organisation and quantity required. SOME OF YOU WILL DOUBTLESS COMPLAIN THAT I HAVE POSTED AN "OUT-OF-CONTEXT" PRODUCT ANNOUNCEMENT! Get over it! It just so happens that persons engaged in most sectors of the financial services industry - particularly those who's incomes are RESULTS BASED - are at higher risk of both colon cancer AND elevated levels of LDL cholesterol than the general population. WHY? Higher stress levels, irregular hours, diet/nutritional deficiencies, and a greater reliance on "snack foods" and other fast-foods. My email address is: coopercash@earthlink.net
- Last Post by: coopercash on 07/03/2009 @ 2:32 PM

Fresh Water Sharks Take To Louisiana Swamps

Bull sharks take to Louisiana swamp By Jim Shannon - bio | email HENDERSON, LA (WAFB) - Bass, catfish, and perch make for a great fish fry down on the bayou, but lately, the Louisiana Department of Wildlife and Fisheries has found sharks in inland waters of the Atchafalaya Basin Swamp. Most people have a preconceived notion that sharks are found in the ocean. While that's certainly true, sharks are also being found among the beautiful cypress trees in the waters of the Atchafalaya. "Well, I guess this is a swamp, shark that lives in the swamp," said Mike Walker with Wildlife and Fisheries. "You could call it a swamp shark." Walker has pictures of bull sharks that were caught among the inland waters in Louisiana. He says sharks have likely been around these parts for decades. However, they're noticing them more because they now take huge samples of species in different waterways in Louisiana and that's turning up sharks. It's no surprise for long time Atchafalaya swamp tour guide Curtis Allemond. "Oh, I used to catch 'em up on the river when the river's low, yeah (laughs)," he said when asked if he had ever seen any sharks in the swamp. The bull shark is particularly troubling for Walker, in part due to their natural threatening nature. "They're fairly aggressive sharks. They're probably responsible for the majority of the attacks on human beings." Walker says there are no known inland shark attacks in Louisiana. The bull sharks are not just hanging around the bayous and swamps. They have been caught some 900 miles up the Mississippi River. http://www.wafb.com/global/story.asp?s=10635603
- Last Post by: Captain Mortgage on 07/03/2009 @ 2:31 PM

DEVELOPER A & D + CONSTRUCTION - UPDATED!

The past 20-months has seen a severe contraction in the number of banks and conventional financing institutions willing to finance developers of commercial, mixed use and master planned community projects. Numerous national and regional banks have gone so far as to literally "pull the plug" on established developers with potentially successful projects under way, on schedule and on budget. Reason? Banks are under pressure to improve their liquidity and are simply refusing to provide further draws to developers with a written notice that they want the current loan balance to be paid off ASAP. In addition, most conventional banks are basically "sitting on their hands" as they attempt to cope with resolving prior development and asset backed loans that have now become problems. However, since March '09, a small but growing number of private non-bank commercial lenders and investment groups are cautiously getting active in the development sector. Currently, 98% of conventional commercial bank-owned lenders are "allergic" to funding real estate development projects commercial or residential. Two of my main commercial funding sources qualify developers against the following key criteria: 1- Proven track record of development success; 2- Meet acceptable CASH LIQUIDITY levels; 3- Maintains a strong balance sheet; and 4- Exit strategy whether via lease-out or end sales MUST be viable within current and projected market conditions. In other words, if the developer is close to "broke" and the project is a "dog" don't even bother to send me an email inquiry! Minimum funding is $15-million and projects of up to $125-million will be considered. Larger funding requests may be possible if the "lead" lender has the ability to syndicate (share) the total amount with other lenders/investors A couple of these private investment groups will offer funding on a debt/equity basis which means that the investor will require 15% - 35% equity participation in the project and a "seat on the Board". Board representation is not to cause interference but to provide assurance their capital is being used properly and that progress timetable tables are adhered to on a cost-efficient basis. Cost of debt provided? Depends on a number of factors among which are financial market conditions. AT THIS TIME, deals are being confirmed at between 6.15 and 9.75 on a term of up to 60-months. Expect the investor to charge anywhere from 1.5 up to 6-Points. Front end costs and procedures will be fully explained to the client prior to and during the conference call that will be scheduled by the Program Manager assuming that there is true merit to the project and the developer. A significant amount of time and effort is required in developing the client file and to reduce the possibility of the client engaging with multiple brokers = "loan shopping" I require a formal Engagement Agreement with a retainer of $4,500. The referring broker will receive $1,500 of that retainer fee if they elect to work with me in putting the package together. The $4,500 retainer is ultimately deducted from the "Success Fee" agreed with the client and paid at closing. I will only accept clients and projects which, based on preliminary information provided by the client, appear to have at least a 70% chance of attracting a lender within a reasonable timeframe. A key component at this early stage is a review of the client's Personal and Business financial statements and an analysis of the Feasibility Study. A typical loan development process is as follows: 1: Preliminary conference call is scheduled with one or more potentially interested investors. Assuming that client and the lender achieve a mutual level of comfort, an outline of terms and conditions will be discussed. 2:A LOI and Terms Sheet will follow the conference call at which point the client signs the LOI and Agreement and returns with whatever amount of due diligence, discovery and project analysis fees are required. 3: Assuming a satisfactory outcome of the discovery process a LOC will be issued by the lender and the "countdown" to closing commences. As a general rule, the client MUST be able to evidence the ability to invest a minimum of 35% of total project cost into the project. If the client already owns the land, then the equity available in that land (based on an MAI Certified Quick Sale value)can be regarded as a part of that 35% cash contribution. If you have a project that would like me to consider here's what I need: Please email me a well presented EXECUTIVE SUMMARY of not more than 12-pages accompanied by the developer's resume. If the developer has a project website then please provide the address. If you are not sure about how to prepare an Executive Summary please request an example format. If I believe that the project is worth pursuing I will then request the developers corporate and personal financial statements prior to securing my Engagement Agreement and "Success Fee" Agreement. The "Success Fee Agreement" contains an Addendum which specifies the basis on which Pts earned at closing will be shared with the referring broker...typically a 50/50 split. B/O MEMBERS: If you have questions regarding the program PLEASE EMAIL ME DIRECTLY rather than posting on this "Announcement". My email address is: coopercash@earthlink.net and please be sure to include your company/business name and contact phone #s.
- Last Post by: coopercash on 07/03/2009 @ 2:31 PM

COMMERCIAL LENDING - PANNING FOR GOLD!

Over the past 2-3 months I have seen limited if welcome evidence that a number of commercial non-bank lenders are cautiously regaining their appetites for the RIGHT deal. With regard to NEW commercial project construction, "State, zip code and location" are important keys. An independent Feasibility Study will be usually be requested on retail, office, hospitality and on Assisted Living projects as will an MAI Appraisal from a "Hallmark" provider. Multi-family housing and student living projects are also of interest. The game changer is that in today's environment the client needs to have at least 30% and sometimes as much as 40% of TOTAL PROJECT COST available in invest in their project. Mezz and equity "kickers" MAY be available for 5% of total cost. Many developers are now having to "round up" private investors to come in with any equity deficiency and this has created a need for the developer to create a Private Placement Memorandum which in turn will be the subject of a Private Placement Offering. One of my associates is a FL based SEC Registered Asset Management Company that can be commissioned to handle both the PPM and the PPO. Success in commercial lending can be boiled down to three essential components: 1)A viable client; 2) A viable project or collateral; 3)As a broker/lo you need to have "control" over your client. VIABLE CLIENT: In today's environment your client's personal credit history and ***et strength are vitally important. While a sub 600 mid FICO is not necessarily a major problem a lack of cash liquidity and reserves is a deal killer. In most cases, commercial lenders will be limiting their exposure to somewhere between 60% and 70% of project cost (if new construction or a development)and up to 75% LTV if a purchase or a refi. VIABLE PROJECT/COLLATERAL: In the present uncertain economy ALL new "ground-up" projects whether a residential subdivision/master planned community, mixed use, commercial, retail, hospitality or resorts will be subject to intensive due diligence and our investment managers will be looking for a very solid Exit Strategy that is based on REALITY. The prospects for lender support for sub-division and master planned community projects in 2009 will remain bleak until such time as the stringent home buyer mortgage lending guidelines are relaxed and certainly until consumers can regain sure-footed confidence that their jobs/incomes are not at immediate risk. Once considered a "prime" sector... Senior LifeStyle Communities. The demand potential is there but a growing number of folks are unable to participate because they are unable to sell their present homes or are reconsidering their finances in the wake of major losses in the value of their stocks or 401K investments. EXIT STRATEGY: This can be considered in one of three ways... 1)Sale of completed "units" (houses, offices, retail spaces etc)which will enable the client to fully pay-off the development/construction loan within an acceptable timeframe; 2) Leasing contracts or pre-lease L o Is for completed construction which will produce an income sufficient to meet all overhead costs and debt service plus an adequate margin; 3)Operating income in cases where the property will occupied by the client at completion as might be the case with a professional/medical center, or an automotive repair facility. Multi-family projects (new development, purchase or refi of existing property) are evidencing strength given the fact that many victims of foreclosure will be seeking rental accommodation... in addition, to those folks who, 18+ months ago, would have been candidate for a sub-prime mortgage, are now resigning themselves to continue as renters unless they can qualify for a FHA or State Community HOusing Finance Program. ENERGY related projects that make sense are also of interest provided that the fundamentals are solid and not based on "wishful thinking". In addition, clients need to understand that projects requiring DEBT financing must be backed by at least 20-25% cash invested by client. In certain circumstances, UP TO 100% Project Financing can be provided for RENEWABLE ENERGY PRODUCTION and "Clean Tech" projects. CONTROL OVER YOUR CLIENT: Without securing a commited relationship with your client your chances of achieving a successfully closed loan are dramatically reduced. YOU are the professional and you must be able to inspire and convince your client that YOU can secure their financing... ***uming of course that the client and their project is viable. You need to secure a FEE AGREEMENT with your client BEFORE you start the search for funding. Your Fee needs to be reasonable because you will be seeking cooperation from the lender/investor in making your Fee Agreement a part of closing conditions. Believe me, if the lender is charging 1 - 3 Points you will NOT be able to charge your client 3, 4, or 5+ Pts and expect the lender to go along with that arrangement. On a loan for $10-million or more be thinking in terms of 0.25% - 0.50% of loan amount! Lenders do NOT like dealing with broker "daisy chains"! They will only communicate with their authorized "gatekeeper" who is the person ***igned to handle, review and present the initial intake information. If your most appropriate source of financing is an Investment Bank, a Hedge Funder or a Hard Money Lender you will need to EDUCATE your client with regard to the need for them to pay DUE DILIGENCE fees to the investor. Normal course of events is that if the investor expresses interest in the opportunity a conference call with the client will go in depth on the project. The investor may well be prepared to issue a provisional Term Sheet and a conditional L o I following that conference call. The L o I is 48-hours time-sensitive and requires that the client sign and return along with wiring their Due Diligence Fee. Those Due Diligence fees cover the investor's costs for appraisal (or appraisal review), environmental and geologic reports, Title research, and in most cases travel costs because the investor will want to physically "kick the tires" and meet the client. Those Due Diligence fees are NOT refundable to client if the investor declines the loan as a result of negative discoveries. In some cases the deal may be "saved" if the client agrees to changed loan terms. Deals can also be considered in Mexico, Costa Rica, Panama, Belize, USVI, Dominican Republic and the Western Caribbean. HARD MONEY APPRAISED VALUES: While HMLs will advertise lending "Up to 70% LTV" it is absolutely essential that you explain to your client that does NOT mean actual appraised fair market value! The appraisal will be "adjusted" by the HML underwriter to a price that the lender believes a buyer could be found within 90-120 days if the loan goes into foreclosure. The HML will then base their loan on a percentage of that REDUCED value. Example: Property appraises at $1-million. "90-120 day" sales price 20% LESS = $800,000. 65% LTV = loan amount of $520,000. I am available to review your deals and I will give you some insights as to which of our investors would have interest. If the client and the deal make sense, we'll get it done! My contact information provided below.
- Last Post by: coopercash on 07/03/2009 @ 2:30 PM

How many days before wire arrives from TBW?

How many days before the wire really gets there? We are 5 days past fund date. TBW website says the file is complete and funded, but wire not there yet.
- Last Post by: ewormley on 07/03/2009 @ 1:54 PM

Mixed Use / Marina Development

Here are the specifics: State: North Carolina Transaction Type: Refinance Project / Property Type: Land - Mixed Use / Marina Development Value: 17M+ Debt on project/property: 12M (with the local bank) Loan Request: 13.5M LTV: 80% Borrower profession: 15+ years as Commercial, Mixed Use, and Residential Developer Borrower Liquidity: 2M+ Bankruptcy or Foreclosure: No Tax Liens: No Borrower estimated credit score: 720+ Use of funds: take down current bank note and 18 months of % carry Exit Strategy: Continue developing (Vertical) Marina House Building with personal cash and sell boat slips and lots. Term needed: 12 - 18 months Other Comments: Developer is well known in our area and is involved in the community.
- Last Post by: clawhorne on 07/03/2009 @ 1:50 PM

When you've been

A bit of trivia.... If you've been falsely accused and your reputation, business and family suffers irreparable damages, how would you react? After your accuser states that it's their mistake and someone else must have had it out for you. A. Accept their apology and move on toward financial ruin. B. Bitterly seek revenge. Eye 4 and eye thingy. C. Sue them for damages and the distress they caused you and your family.
- Last Post by: assassin17 on 07/03/2009 @ 1:50 PM

Need 20 mil loan for resort project

Looking for legitimate lender to fund Super eco green, solar,wind and geothermal timeshare resort project in Orlando Fl. contact me at timeshare99@aol.com ,dont waste your time or mine with a scam company as I do full research on you.
- Last Post by: timeshareguy on 07/03/2009 @ 1:37 PM

Rolling Stone - WSJ - Goldman Sachs...

I never thought I'd say this, but Rolling Stone magazine put out some real journalism this week. I just finished reading an extensive article in this week's issue entitled "The Great American Bubble Machine," and felt that those who really want a serious piece of information would be interested. Goldman Sachs is LIT UP in this thought provoking article, it's outstanding. It's not yet on the R.S. web site (at least not as of tonight), but some links and banter are starting to arise, you can begin here: http://wallstreetblips.dailyradar.com/story/matt_taibbi_taibblog_on_giving_goldman_a_chance/ This goes out to the cattle callers blaimnng LOs, appraisers and other such bit players for the current financial mess. You may be singing a different tune after you read the above. I've said otherwise for years, I've said this is a well laid out plan, history repeating itself (as it is right now in front of our eyes with Cap & TRADE) and this guy nails it. He may be right, he may be wrong, but I like the cut of his jib, as a lot of people are going to be really upset with this piece. Check it out, see what you think, let me know. Best, Dave...
- Last Post by: Adept Appraisal on 07/03/2009 @ 1:18 PM

Bank Of America Short-Sale required Contribution

I have been working on a short sale and the Negotiator II replied with a required guideline to move foward with the short sale the seller must contribute, according to financials and credit report, $10k up front or $25k promissory note. Has anyone experienced this yet and is there anyway around it. They are pretty firm and did not want to negotiate or let the buyer apply contributions. Bankruptcy isn't an option and foreclosure isn't one either. Thanks in advance. george-
- Last Post by: ge0rge559 on 07/03/2009 @ 12:54 PM

Did anyone post Glen Beck's YouTube vid

What a freaking nut...
- Last Post by: Tsnyder on 07/03/2009 @ 12:51 PM

what do you think?

a conservitive bank, that has a vicious lock fallout "policy" is issuing a .25% special too lockin today. after a poor non farm payroll, a poor ADP payroll report, a poor consumer confidance report, stock market droping like a rock on Thursday, and unemployment at 9.5%. hmm, you think they are looking for the market to turn, this coming week.
- Last Post by: jvanpetten on 07/03/2009 @ 12:44 PM

Need a Lender still doing SIVA's

I'll put it all out there for you lenders doing SIVA. Get in touch with me please if you have a program. Thanks in advance. > >> Subject: > >> Purpose: Refinance - Cash Out > >> If Cash Out, Amount Needed: 600,000 > >> Loan Amount $: 800,000 > >> LTV: 75% > >> State: CA > >> Zip Code: 90034 > >> Property Type: Condo - 4 Stories or Less > >> Occupancy: Non Owner Occupied / > >> Investment Property > >> Middle Credit Score: 722 > >> Ever file bankruptcy?: NO > >> Past Foreclosure?: No > >> Income Documentation: (SIVA) Stated Income > >> Reserves: $ 650000 > >> Appraised Value/Market Value (if Known): 800000
- Last Post by: ronjohn7 on 07/03/2009 @ 12:23 PM

Need CA loan on Land Owned 100%

I have a lang standing client who is looking to obtain a loan one 2.52 Acres in Elk Grove, CA. Property is 100% free and clear Has: -well -septic -electric Estimated Value is approx. $275,000 Can you help? Thank you -Dean
- Last Post by: dcarl on 07/03/2009 @ 12:21 PM

$1.7 Mil Aston Martin

Watch out Ferrari Enzo and Bugatti, looks like there's a new million dollar ride set to release. Not that I'd ever pay this much for a car, but wow, what a beauty!! http://www.roadandtrack.com/article.asp?section_id=10&article_id=8156
- Last Post by: MortgageBoarder on 07/03/2009 @ 12:20 PM

2nd Loan, 30 K 90 CLTV Purchase 765 Fico

I need in MN for purchase 2nd. Purchase price $ 300 K 2nd loan, 90 CLTV 30 K Fico 765 Full doc with low dti and high assets. Retail or whole sale as long as you lend in MN.
- Last Post by: nath000017 on 07/03/2009 @ 12:06 PM

Loan Officer Opportunities

I am looking for experienced loan officers that would like to to work from home and close loans in 29 states(except Michigan & Wisconsin) and not be required to have a license. You will be working with a state chartered bank so a license is not required. We originate FHA VA USDA Conventional Commercial Hard Money & Reverse Mortgages. For more details please email me.
- Last Post by: Broker G on 07/03/2009 @ 11:35 AM

FL Gold Gold Gold Subprime Programs ltv 65%

Hardmoney Full and Stated programs for your commerical Florida deals Subprime Gold Programs to 65% ltv Purchase and Refis from 9:99% Loan Amounts from 20k to 1 million We are looking for nice commerical properties in good condition!! Rates from 9% to 15% We will fund, low equity commerical deals!!! office space, strip malls apartment complexes, mixed use, no churches, or assisted living facl FUll Packages needed. We will fund your deals in 7 to 12 days. !!! call us now Ahl Lending 8135165210 8133162007 http://www.harddmoneyloans.com Hardmoneykings@gmail.com
- Last Post by: HARDMONEYFAST on 07/03/2009 @ 11:34 AM

Miami Private //Hard$$$ 8:99% on SFr & Commerical

Hello we have miami hardmoney now. Looking to fund fast Commerical and Sfr Hardmoney FUll doc and stated now. Loans from 9:99% to 14% Free and clear miami/// broward, ///hollywood //// west palm deals call now We need your purchases and refis asap Purchases to 65% ltv subprime now We are looking for good projects to fund in the miami area nice homes with equity and commerical business with equity call now 8135165210 8133162007 ahlhardmoneylender@gmail.com
- Last Post by: HARDMONEYFAST on 07/03/2009 @ 11:34 AM

Free and Clear Sfr & Commeri FL Hard$$$ 2 day FUnd

HARDMONEY PRODUCTS, FLORIDAS BEST HARDMONEY LENDER HANDS DOWN WE NEED TO GET OUT 500K BY FRIDAY ON THE STREET. !! subprime subprime Is Back. So what are you los waiting for. 9:99% rates wow. Tampa, St Pete. Clearwater, Brandon, Lakeland, Sarasota TAMPABAY AREA ONLY PLEASE THANKS No Doc, No credit No Appraisal Hardmoney!!!! call <<>>>>>$$$$$$$$$ call now we prefere free and clear fast closing 3 to 5 days. Rates from 12:50 to 14:99% Loan amounts min from 35k to case by case Non owner occupied only. Investment propertiers, apartment complex, duplexes, mixed use, Call now AHL Lending
- Last Post by: HARDMONEYFAST on 07/03/2009 @ 11:34 AM

Lighting Fast Fudnings @ harddmoneyloans.com

Subprime Rates, Subprime Rates. Subprme Rates. http://www.harddmoneyloans.com We have unlimited funds for your hardmoney and subprime files. Thanks vist our site New and Improved Many Recent Fundings updated weekly. Thanks We are now on a 24 to 36 hr turnaround on subprime files.!!!!!! You don't have to settle for hardmoney Anymore. Fallouts Call us in Florida Now We have been promoting our Subprime Line at all the Tradeshows. Subprime Rates at 9;99% to 10'50% on Refinances. Loan Amounts from 30k to 1 million Must show income on this program and ideally have over a 600 score. Loan to values to 65% WOW!!! Commerical, Investment , Single Family, Owner and Non Owner occupied Refinances Now Free and Clear properties call close in 3 to 5 days now. All deals must make sense. Closing times from 7 to 10 days. 20 year terms with no prepayment penalties. Floridas No Lender and funder and growing by leaps and bounds every month. Ahl Lending. 8135165210 8133162007//fax http://www.harddmoneyloans.com hardmoneykings@gmail.com
- Last Post by: HARDMONEYFAST on 07/03/2009 @ 11:34 AM

USDA Property Requirements

I am hearing some conflicting information about property restrictions for USDA RD mortgages. Does anyone have any experience with a property with a couple large outbuildings? Whether it was an approval or a denail I would like to hear some experiences. My understanding is that if the property has outbuildings that are big enough to be used to generate income or start a business the the home is ineligible. Below is a link to the property in question http://www.realtor.com/realestateandhomes-detail/9903-Douglas_Temperance_MI_48182_1108238204
- Last Post by: just in kase on 07/03/2009 @ 11:25 AM

How long for tax rebate check?

I have had a few clients ask me this. I tell them to speak with their accountant as I am not a tax proffesional. That being said I am curious. Anyone out there have any experience on wait times? Assuming they are filing an amended tax return for 08.
- Last Post by: just in kase on 07/03/2009 @ 11:08 AM

DU Refi Plus

Can anyone do a DU refi Plus wit a 610 fico. Ltv is 20%. Loan amount is $80,000 in California
- Last Post by: VVance on 07/03/2009 @ 11:06 AM

Need Help on Fannie Mae HomePath Program.

Aside from Flagtar, Home Savings of America and Nationstar Wholesale, are there any more lenders that offer the HomePath Renovation Financing Program on the wholesale side? I have a buyer who made an offer on a house in Riverside, CA and this property is eligible for HomePath renovation financing. I need help in getting to know the details of how the HomePath renovation program works. Anyone knows or has the experience in doing it? Thank you. Peter
- Last Post by: just in kase on 07/03/2009 @ 11:05 AM

55% LTV purchase, PR, looking for best rate

Purchase as Primary residence, Purchase price 2.11 million @ Great Neck, NY, Borrower is medical doctor, Full doc. No other mortgage liability. Looking for 1.16 million (55% LTV). Please provide the quotation information. Thank you so much. Ed
- Last Post by: edwardho on 07/03/2009 @ 10:52 AM

Here's A Great Example Of Media Bias

Burried in a long thread already, but this speaks volumes of how the media performs. http://hotair.com/archives/2009/07/01/audio-john-ziegler-grills-politico-reporter-for-calling-palin-a-circus-act/
- Last Post by: VVance on 07/03/2009 @ 10:50 AM

Forensic Loan Audit Software only $78

Forensic Loan Audit software only $89 -Audit your clients mortgage loans -Export unlimited amount of reports -Limited time offer http://www.forensicloansoftware.com/
- Last Post by: martha33 on 07/03/2009 @ 10:40 AM

Forensic Loan Audit Software

Forensic Loan Audit Software-Audit mortgage loans and uncover violations for your clients. Hopea, Respa, Tila laws covered in software. Calculates apr, cites specific laws and prints out report for you to send to the lender. Its a great way to do forensic loan auditing on your own. Click below for more details. http://www.forensicloansoftware.com/
- Last Post by: martha33 on 07/03/2009 @ 10:39 AM

Loan Modification Software

Loan Modification Software for professionals only $79 with everything below included as a bonus. http://directcapitalsoftware.com/ * Loan Modification Software $500 Value * Loan Wizard $200 Value * Forensic Loan Audit Toolkit $200 Value * Pre-Qualification Toolkit $100 Value * Foreclosure Loss Pro $100 Value * Complete Lender Contact Manual $300 Value * Complete Customizable Contracts $500 Value * Complete Loan Modification Guide $100 Value * Loan Modification Marketing Guide $100 Value * Loan Modification Marketing Tools $300 Value * 250,000 Free Loan Modification Leads $800 Value * 1000 Homeowner Email Addresses Leads $200 Value * Exclusive Funding Source Directory $500 Value * Business Plan Step-by-Step Guide $50 Value * Complete Financial & Business Planning Tool Kit $150 Value * 12 Month Profit & Loss Business Tool $50 Value * Complete Cash Flow Forecast Tool $75 Value * Power Point Business Templates $50 Value * 1000 Business Forms & Letters $200 Value * Free Shipping-Same Day Delivery! Great Value
- Last Post by: martha33 on 07/03/2009 @ 10:39 AM

Loan Modification Software w/250,000 Mortgage Lead

Everything listed below for only $79 limited time offer http://directcapitalsoftware.com/ * Loan Modification Software $500 Value * Loan Wizard $200 Value * Forensic Loan Audit Toolkit $200 Value * Pre-Qualification Toolkit $100 Value * Foreclosure Loss Pro $100 Value * Complete Lender Contact Manual $300 Value * Complete Customizable Contracts $500 Value * Complete Loan Modification Guide $100 Value * Loan Modification Marketing Guide $100 Value * Loan Modification Marketing Tools $300 Value * 250,000 Free Loan Modification Leads $800 Value * 1000 Homeowner Email Addresses Leads $200 Value * Exclusive Funding Source Directory $500 Value * Business Plan Step-by-Step Guide $50 Value * Complete Financial & Business Planning Tool Kit $150 Value * 12 Month Profit & Loss Business Tool $50 Value * Complete Cash Flow Forecast Tool $75 Value * Power Point Business Templates $50 Value * 1000 Business Forms & Letters $200 Value * Free Shipping-Same Day Delivery! Great Value
- Last Post by: miller1707 on 07/03/2009 @ 10:33 AM

property was in an LLC

Well a lawyer gave my borrower advice and now I am having trouble getting him financing. My borrower has had an investment property for 7 years. At some point his attorney said he should title it in his LLC, now BofA is saying they won't finance unless it has been out of his LLC and in his name for 6 months. Anyone know of a lender that will work with this and not have to wait?
- Last Post by: slants on 07/03/2009 @ 10:21 AM

Any conv lenders allowing flips?

I just found out that a deal that I have is a flip. The seller is not on title and will be doing a flip at closing. It is a short sale that an investor has a contract on and plans to flip it to my buyer at time of closing. It is a conventional purchase in Florida. Are there any lenders that will take this out there?
- Last Post by: slants on 07/03/2009 @ 10:07 AM

some clients have nerve

Some clients are so easy and cooperate with everything you ask for. Then there are the ones that to get anything out of them is like pulling teeth. I have been telling my clients that there are certain items I NEED and need it yesterday, they question everything. I guess they expect the bank to let them write up an IOU sign it shake hands and be done. Well FINALLY they bring in some stuff but not other stuff on Tuesday, mind you this is after practically begging them for over two weeks. So I am at my breaking point, today they tell me they will be in BEFORE NOON to drop off the last of it, they show up at 2:45 and ask for me. My processer tells them I'm not in. They friggen have the nerve to say in a very irritated voice, "she never works!" Mind you these people start calling me at 7:30am and don't stop until 10:30 pm to ask stupid questions like, what do you mean when you say you want my most recent paystub!! If the seller of the home they are buying wasn't depending on this sale to close ASAP I would have told them to take a hike. phewww, I feel better.
- Last Post by: carrieking on 07/03/2009 @ 10:01 AM

looking for a reputable mod company

i have a referral in texas, what are your fees?
- Last Post by: kellamtom on 07/03/2009 @ 09:46 AM

HUD REOs

Email for more info.
- Last Post by: AMERICA CAPITAL FUNDING on 07/03/2009 @ 09:37 AM

STOP USING TBW

I'm getting tired of all of the threads on BO about TBW not funding. They are not the GOOD OLE" TAYLOR BEAN of old. It's not their computer system. They have had this issue since late last year. It is not getting better, it's getting worse. They are stretching out UW turn times to buy time. They are re-stipping over and over to buy time. ---- I had a pre-approved 5/1 FHA that took 5 weeks just to clear some simple conditions. Yes they have a good rate on some products, IF YOU CAN GET THEM TO FUND IT. I don't know why LOs put themselves through hell. You have been warned.
- Last Post by: broker3271 on 07/03/2009 @ 09:32 AM

Recruiters needed

Please contact me for complete information. Recruit Brokers, Loan Officers, Realtors, CPA, Insurance Agents, anyone interested. I would like to invite anyone interested to our team conference call every Sunday and Wednesday, 712-432-3100 code 740051. When introducing yourself please let the moderator know that you were invited by Robin. You can also recruit Real Estate Agents Nationwide. 100% commission to Realtors Nationwide or they can build a team Nationwide.
- Last Post by: taz90444 on 07/03/2009 @ 09:32 AM

Originate in 46 states, UPDATED INFO ADDED

Over 200 lenders FHA VA Reverse - all residential and commercial type mortgages licensed in 46 states -- soon to be 50 Use our processors or yours. We have processing hubs Nationwide. Use Benchmark Title and receive $200 for each loan that you close through them. We also have a Nationwide Realty company where the Realtor receives 100% commission and you can recruit them Nationwide and receive overrides on their commission. You will create your own Retirement Income no matter how old you are. You will receive overrides from those that close loans on your team forever. Debt Elimination that pays that pays you monthly for 16 months on each one - Help people to become debt free in as few as 18 months and then qualify them for a purchase or refinance Home Warranties -- that pay you residually -- great selling point to recruit realtors to join you offer peace of mind to your customers - $200 per warranty sold You are paid weekly -- direct deposit We have a great Lead Dialer system that you can decide what kind of customers you want to pursue for those that want leads Great back office everything you need to do your business each LO will have their own back office. Fantastic support Work up to 86% split. -- 90% for Brokers (recruiting not allowed on the broker program) Build a team and receive overrides on every Loan Officer that you have on your team or just work your own business as a Loan Officer. Hire realtors and insurance agents, CPAs they have great data bases and they need to make money right now -- you can show them how! Hire average and ordinary folks to be under you and help you grow your business and bring in business as we give them an opportunity to be able to have a business and "fire their boss" one day because of the opportunity you gave them!! Affordable health insurance will be available for all of our team members too!
- Last Post by: taz90444 on 07/03/2009 @ 09:32 AM

Stated Income Verified Asset

Does anyone know of a lender/wholesaler still offering a SIVA product.
- Last Post by: c2cl on 07/03/2009 @ 08:58 AM

Appraiser needed AZ FAST...

Client looking to purchase home. Bank is delusional at asking 150K. I need an appraiser FAST to get out there and give a real property valuation. House is vacant, no back yard and similar homes are going for 85-110K. zip code is 85239. Can anyone recommend a GOOD FAIR appraiser to come value a home...
- Last Post by: c2cl on 07/03/2009 @ 08:55 AM

Best Drummers of All Time

http://www.youtube.com/watch?v=q-BRee2bAho&NR=1 http://www.youtube.com/watch?v=qF-k4wg70rg&NR=1 I just love his drumming...he is definitely in the team picture of the greatest drummers of all time. So, who's in your team picture?
- Last Post by: Tsnyder on 07/03/2009 @ 08:39 AM

Real-Time Leads Delivered directly to your mailbox

Are you Looking for Real-Time Leads instantly delivered to your email box, Or paying top dollar for leads that have been shared with others as yourself? I am a SEO Web developer/Lead Generation Specialist and I am able to bring you Real-Time Leads, at a LOW cost. I Setup, build and maintain what you need to produce real-time leads, What thousands of Lead Generation companies are doing on today's market. If you are interested in hearing more in detail about how I can save you tons of money with producing your own leads, whether your a Broker, Realtor, Lender, or even your typical Electrician. You want leads? I'll bring them to you, At a one time small money saving fee on my end, Then the leads will flow in unlimited from there on out. Don't waste any more time, your time is Essential..Start Generating Leads NOW. Email for more information and Examples. Email me at MyBestSpot@Gmail.com
- Last Post by: myBESTspot on 07/03/2009 @ 08:36 AM

CREDIT REPAIR----close more loans every month

-$400/person or $600/couple (we don't nickel & dime your customers for "removing inquiries") -No setup fee and no monthly fees charged -NO FEES ARE CHARGED UNTIL DAY 45!!!! -Fast review, you send the file over and get an answer within 45 minutes -45 to 60 day turnaround time in most cases -Free consultation before taking borrower on as client -Credit Education to avoid future credit problems -Debt Settlement provided at NO ADDITIONAL CHARGE -Aid clients addition of positive tradelines If you have a client that you think could you use our help please feel free to fax or email their credit report over for review. We'll let you know whether or not we can help as well as give you an idea of how much we can help. CALL TODAY!
- Last Post by: American Credit Repair on 07/03/2009 @ 08:31 AM

Jumbo Reverse Snark Hunt??

OK... am I on a snark hunt? Been working with a client with a 1.2 mil property for almost a year. They owe more than what the HECM, even with the new limits will yield them. They called today after having a conversation with their bank about subordinating the shortfall and were told... "No, there are 4 reverse lenders who have programs that will pay you enough to pay us in full." When they asked who the lenders were, the bank told them that they could not tell them who the lenders were for legal reasons... So the client of course thinks I'm behind the curve, which may be HOWEVER. So far as I know there are only two Jumbo reverses out there and from the numbers I've seen, neither will do the job... Borrower age 74 and needs to net out about $550K on a 1.2mil property in NJ. I'm also suspicous of the bank as I do not see how telling the client who these lenders are is to the detriment of the bank in any way. Soooo...before I kill half a day trying to find these lenders, does anyone know who they are (assuming the exist)?
- Last Post by: Quicksilver on 07/03/2009 @ 08:31 AM

1003 question

Where on the 1003 do you put net proceeds from the sale of current house? I have a client whose house is in escrow and we are getting started on processing his loan for the purchase of a new home. Inside encompass under assets there is a drop down for net proceeds from sale. Is it listed as an asset like it is a bank account. Also, do you keep that property in the REO section since it is still in escrow? ANy help thanks.
- Last Post by: virgiltab on 07/03/2009 @ 07:39 AM

New government regulation eff. 7/30/09

Are you aware of the new TIL amendments that will become effective on July 30,2009? New TIL amendments are coming into play that will impact the closing date of your loans. Under the Mortgage Disclosure Improvement Act, changes are made to the TILA requirements relating to early and final disclosures (7 business day rule) as well as the timing of when fees can be charges. CMS is here to keep you informed of industry changes. Contact CMS for more information.
- Last Post by: ComplianceMadeSimple on 07/03/2009 @ 07:38 AM

HVCC Suspension Update

A bill to Suspend HVCC is currently in the House Financial Services Committee awaiting a vote. Below is a link of all the congressmen/women in the committee. Please click the link, and if you live in one of the districts the congressmen/women represent call, email and notify them if they don’t pass the bill they will loose your support and vote in the upcoming election. Don’t brush this aside and hope your neighbor will pick up your slack, they won’t. We all hate HVCC and now is our one and only opportunity to fight back! http://www.govtrack.us/congress/committee.xpd?id=HSBA
- Last Post by: Hopland on 07/03/2009 @ 07:36 AM

US Soldier captured in Afghanistan

Supposedly he broke the golden rule of never going outside the wire alone...He was based at a remote outpost...Let's hope for the best...
- Last Post by: Quicksilver on 07/03/2009 @ 07:27 AM

Contact CMS for licensing questions and help

ARE YOU AWARE OF THE SAFE ACT AND YOUR STATE(S) LICENSING LEGISLATION? LOAN ORIGINATORS WILL NEED TO BE LICENSED. DO YOU KNOW WHAT YOUR STATE(S) REQUIRE?? CMS is here to help you keep existing licenses and get new ones. Licensing/L.O. Tracking: In the mortgage industry, keeping track of each states licensing requirements (company and individual)is one thing. Understanding the corporate requirements, annual reports, annual financial reporting, and a vast array of other compliance requirements is another. CMS can help you with ALL your licenisng needs. S.A.F.E. Act: With the passage of the Housing and Economic Recovery Act ("HERA"), came Title V which is known as the Secure and Fair Enforcement for Mortgage Licensing Act of 2008, commonly referred to as the S.A.F.E. Act. The S.A.F.E. Act sets forth requirements for the licensing and/or registration of all loan originators by August 1, 2009. As of today, at least 47 states have introduced legislation to implement these new requirements and 21 have either passed or enacted legislation. CMS can keep you posted on the pending and enacted legislation, summarize the enacted legislation for you, and help you to get those new requirements implemented. OTHER ISSUES/CHANGES: 1. RESPA 2. REG. Z 3. HVCC 4. IDENTITY THEFT Contact us today to see how we can help you in this ever changing lending environment. 
- Last Post by: ComplianceMadeSimple on 07/03/2009 @ 07:18 AM

Seeking loan mod financing

We are looking for someone to finance our loan mods. We will charge $3000 and sell it to you at a discount for $2500 with $500 down and $500 per month plus interest that you charge and keep. All mods are in Texas and many have good credit and equity. We can guarantee 50 per month currently. You will make $500 plus interest on every $2000 that you put out. 50% plus interest per year profit is possible and all of our mods are done by a Law office. Email me off of the board if interested.
- Last Post by: Goat roper on 07/03/2009 @ 07:07 AM

Loan mod financing proposal

California Hard Money-Direct Lender 415-760-2338

California Hard Money Lender - Direct Funding Source For Over 30 Years - commercial and residential properties - 1sts/2nds - up to $20,000,000 available - up to 65% LTVs - no prepayment penalties - no FICOS, no tax returns, no formal appraisals, no upfront fees - refi, purchases, construction completion, investor deals, short-term bridge, probates, foreclosures, foreign nationals, development deals - fast underwriting and funding - competitive rates, fees, terms For a quick quote, call Art Gilberg @ 415-760-2338 or reply by email to: agilberg@aol.com. Visit Art's Blog: Http://HardMoneyLender.Activerain.com Art Gilberg Trust Deed Investments, Inc - Direct Hard Money Lender San Francisco, California Tel: 415-760-2338 Email: agilberg@aol.com ****AVAILABLE ANYTIME DAYS, EVES, AND WEEKENDS**** private money lender hard money loans hard money lenders bridge loans equity loans san francisco marin county san rafael sausalito corte nadera sonoma santa rosa napa st helena walnut creek pleasant hill lafayette alamo danville san ramon pleasanton livermore oakland hayward san leandro fremont san mateo burlingame foster city daly city pacifica woodside portola valley redwood city atherton menlo park los altos hills los gatos campbell sunnyvale palo alto san jose santa cruz aptos monterey carmel los angeles beverly hills santa monica venice beach hollywood hills pacific palisades malibu san fernando valley encino sherman oaks calabasas agoura hills palos verdes manhattan beach redondo beach irvine anaheim newport beach laguna beach dana point san clemente orange county san diego carlsbad del mar la jolla coronado rancho santa fe encinitas palm springs sacramento folsom auburn lake tahoe truckee bay area socal norcal california hard money lenders hard money loans private money lender bridge loans equity lender equity bridge loans
- Last Post by: ag957 on 07/03/2009 @ 07:04 AM

"Loan Modifications"

*******ATTENTION ALL MORTGAGE ORIGINATORS********* I have provided this new thread to shed some light on this hot new topic in the mortgage world: LOAN MODIFICATIONS! We are one of the Nation's largest and most successful Loss Mitigation Company. The name of the company is The Amerimod Modification Agency and has its corporate headquarters in New York. THE AMERIMOD MODIFICATION AGENCY IS LICENSED, BONDED, AND INSURED MODIFICATION COMPANY. WE ARE ENDORSED BY ALL THREE CREDIT BUREAUS AND OFFER A 100% SATISFACTION GUARANTEE. Unlike many of these other companies looking to sign on branches and looking to open up shop from within an operating mortgage bank (WHICH IS ILLEGAL!!!), my company provides a service for all mortgage originators to essentially learn how to pre-qualify a potential loan modification scenario, and assist the distressed homeowner in making the most educated decision to best suit their needs; WHICH IN MANY CASES MEANS NOT TO DO A LOAN MODIFICATION!!! Our legal staff is comprised of attorneys, located in every state; Amerimod has physical branches in several states, and currently employs over 600 professionals across the country. So, for educated mortgage brokers/originators looking to turn an extra profit LEGALLY BY AN ACCREDITED INSTITUTION, and are looking to further their education in the finance world, I urge you professionals to check our website at www.amerimod.com, and to email and questions comments or concerns to the web administrator cgordon@amerimod.com or Call 631-741-8709...Ask for Calvin...!!! In Pursuit of Greatness, The American Modification Agency "Knowledge is Power"
- Last Post by: AMERICANMOD1 on 07/03/2009 @ 06:57 AM

Opportunity for Modificaiton Agents

!!!!!!!!!!!!Great Opportunity for Modification Agents!!!!!!!! Please Call Calvin at 631-741-8709!!!! email; cgordon@amerimod.com visit our website... www.amerimod.com
- Last Post by: AMERICANMOD1 on 07/03/2009 @ 06:57 AM

drugs

whats with these damn things? why do people lose their minds over them? why do people risk it all for this stuff? i have a high school friend who is currently brain dead wired into every machine in the hospital right now. this dude has had quite the history with his issues. he has a long list of screw ups, but until sometime late last night, heroin was never one of them. now his legacy will be his biggest one. they say he was dead on the floor of his kitchen for an hour before anyone called the ambulance. when they got there, the medics somehow got things ticking again, and got him to the ER. now i have friends in tears everywhere, people are freaking out. my really close friend, a man i respect deeply, who treated this guy like a son, is broken in a way he never should be and is the one i feel the most for right now. the side of story they never talk about is the one where you're 90% dead. where everyone still has hope but doesn't know why. there is a tragedy playing out amongst my friends right now, and i am just plain old confused. drugs?
- Last Post by: LanceB on 07/03/2009 @ 06:47 AM

Fico Scores. A change may be needed.

Have you ever wondered why the very best pricing you see if for scores over 720, and when the avg score in the US is 642. It has to make you wonder. With Chase Credit Card Servicing, asking consumers to pay 5% of there balnce starting Aug 1st 2009, how many of those people with default?, not to mention how mant more borrowers will we lose in the system to offer loans to. what will become of their Fico scores. It may be time to rid the Fico system as it clearly is not working, and has borrower(s) paying thousands more in mortgages, car loans, credit cards, and school loans. Any thoughts out there. Its insane to think once a 620 would fly through Fannie/Frddie, and a 640 score was considered a decent score. Today, there is now way a true Fico score can be offered, its not working. The systems that put us here, need to change or we will end up back here.
- Last Post by: Hopland on 07/03/2009 @ 05:34 AM

Join the team, Loan Officers, Mortgage Brokers

Join the team, Loan Officers, Mortgage Brokers and Realtors! Samir N. Ghazal, President of WorldWide Mortgage & Financial, Inc., an American-based mortgage company, Mr. Ghazal is an American/Arabic/Hispanic self-motivated, business executive and entrepreneur with a strong leadership background, he has establish a stable working environment where experienced loan officers could have a little less oversight and concentrate on the customers and closing loan transactions that will save clients thousands of dollars annually. He is also well known to reconnect his employees with their personal desires or goals and illuminate the activities that will generate maximum results.... WorldWide Mortgage & Financial, Inc. was started in 2004 by President Samir N. Ghazal. Mr. Ghazal had been in the mortgage business for years and had seen the goods and the bad in the industry. He started WorldWide Mortgage & Financial, Inc. on the principles of being up front and honest and always looking out for the customer’s needs. My associate's and I welcome you to WorldWide Mortgage & Financial, Inc. where will get you or your client the best mortgage loan for your home, business and commercial. Working as a Mortgage broker is a big step in today’s market, but you can trust us to find the loan program that best fits your client’s needs. Join the team, which cares about you and your clients, WorldWide Mortgage & Financial, Inc. Thank you, Samir N. Ghazal President WorldWide Mortgage & Financial, Inc. 300 Sevilla Ave. Suite 306 Coral Gables, Florida 33134 Office:(305) 774-9896 Ext.301 Fax:(305) 774-9895 E-mail: SGhazal@worldwidemortgagefinancial.com Web: www.worldwidemortgagefinancial.com
- Last Post by: WWMF17 on 07/03/2009 @ 05:18 AM

Construction or any type of loan to complete.

Looking for a Construction to Permanent Loan or any type of loan to complete the project. The property is located in Miami, FL. It has a lot loan for $250,000.00. To complete the project they will need no more than $300,000 max! It’s a SFH, over 9,000 sqft and completed it would be worth no less than $1,100,000.00. The client has excellent credit and has paid almost $500,000 of his own money...
- Last Post by: WWMF17 on 07/03/2009 @ 04:18 AM

Wholesale or Retail for myself

Trying to figure out which is the best way to go for myself. I don't want to go through my broker because knowing him he'll want to make something. Basically its a pretty solid deal 720 O/O 368k loan amount 80% LTV CA. Best Offer 4.5% on a 5/1 full amortized paying 0.25 plus 1300 lender fees. It seems pretty competitive to wholesale besides the 1300 lender fees. What do you guys think? i think the 5/1 at wells is 4.625% paying close to an 1/8.
- Last Post by: davidfr on 07/03/2009 @ 04:12 AM

Do More Loans! RE Agent Marketing Program!

I have been using a website generation service/software/subscription to create websites for real estate agents' listings. The pages get submitted to Craigs List, as well as several other real estate listing sites such as Trulia, etc. I solicit agents who have listings to help them do marketing by creating websites, and all I ask for in return is mortgage financing referrals and to develop a business relationship. Many agents currently pay good money for sites that are not as high quality as these. I have found this service to be a win-win program to use to go out and establish real estate agent referrals: I am not just asking them for business but rather helping us both generate business. This is a great way to get your foot in the door with top listing agents. It also makes me feel more confident when cold calling. The service is relatively inexpensive monthly and allows for unlimited websites(up to 150) to be created. I loan a year pays for the service. I average 25-35 hits a weeks and have 9 agents signed up and 63 sites going. Check it out: http://www.domoreloans.com/e_testimonials.htm?refid=naitch6203
- Last Post by: clarenceworley on 07/03/2009 @ 02:48 AM

30 Day Old Loan Mods for $ 1.00

My company, Lenders Mortgage Leads,is generating about 300-400 real time loan mod leads a month. We're looking for one or two brokers who can take these on a second turn, the leads were originally sold as an exclusive lead 30 days ago. We also have debt settlement leads for as little as $1.50, which, in some states, may be exclusive. Loan Mods 1.00 Debt Settlement 1.50 Richard www.lendersmortgageleads.com 
- Last Post by: Lenders on 07/03/2009 @ 01:20 AM

30 Day Old Loan Mod Leads @ $ 1.00

My company, Lenders Mortgage Leads,is generating about 400-500 real time loan mod leads a month. We're looking for one or two brokers who can take these on a second turn, the leads were originally sold as an exclusive lead 30 days ago. We also have debt settlement leads for as little as $1.50, which, in some states, may be exclusive. Loan Mods 1.00 Debt Settlement 1.50 Richard www.lendersmortgageleads.com
- Last Post by: Lenders on 07/03/2009 @ 01:09 AM

Good source for Purchase-Money Leads??

I have used lendingtree before with reasonable success. Any other vendors for Purchase money leads? thanks!
- Last Post by: JasonAaron1 on 07/02/2009 @ 11:28 PM

$6 mil purchase of Landfill in Mississippi

I have a customer with Excellent credit looking to buy a landfill in Mississippi for $6 mil. He has $14 mil. in liquid assets and owns other landfills. The landfill is worth $12 mil. He needs the money immediately, so hard money would be the preferred method. I am looking for the highest LTV I can find. He is only looking for a bridge loan. He is in the process of securing permanent financing, so a 12 month term would be as long as he would want.
- Last Post by: 1fatskier on 07/02/2009 @ 11:17 PM

Williams Law Center needs more brokers

The Williams Law Center is looking for more brokers. Below is a description of our company and what we do. If you are interested in taking advantage of our capabilities please respond to this posting via email or phone. 1) Broker Loan Modification Program Broker Processing Services - We provide a solution for brokers who need a quality back end processing service. We have a simple, transparent process that keeps you and your client updated throughout the process. We are dedicated to excellent customer service and communication which insures the process is streamlined and consistent. Full operational support - Once you refer the file to us, our operations and attorney will take over working with the client. They will gather any additional information and documentation as well as keep the client informed throughout the modification process. We can conduct forensic loan doc audits, Chapter 13 filings to halt sale dates and provide qualified written responses to the lenders to insure faster turn times. The bottom line is you and your client will receive the highest level of support and the communication that you need to be successful. Account management and support – We provide you direct access to your files via our on-line tracking system and your account manager. One of Our company standards is to execute a high level of communication between our broker clients and our staff. We will provide consistent updates to the clients and insure that every effort is made to process your files in the most professional and streamlined manner possible. The Williams Law Center offers you a one stop outlet for all of your loan modification needs. 2) Forensic Loan doc Audits – We provide full forensic loan doc audits both post-doc and pre-doc for all mortgages. These audits are absolutely necessary to get your clients the best possible loan modification results. They also provide your clients with a tangible report and lets the client know that you are not only working on the file at the highest level but providing a legal service that may lead to a better modification. 5) Qualified Written Responses – In order to force your client’s lenders to respond in a timely fashion a qualified written response is an option that under Section 6 of the RESPA act to force the lenders to respond and get your file moving in the right direction. If your current company is not offering these responses you need to start wondering what else they are not doing? “The Williams Law Center is a nationally recognized firm specializing in Loss Mitigation and Residential Consulting” Please contact James Mowrer at james.mowrer@williamslawcenter.org or visit our site.
- Last Post by: velecico on 07/02/2009 @ 10:30 PM

Stimulus Report Card Pictorial

A picture says a thousand words. Here are some pictures that define Obama's massive and continuing economic failure. The pain you feel is real... First up unemployment. The worst going back to the 60's. http://1.bp.blogspot.com/_pMscxxELHEg/SkyqrHQO5MI/AAAAAAAAFt8/q1fDP6sqsrk/s1600-h/EmploymentJune09.jpg Second worse job loss percentage since World War 2 and nowhere near a bottom. http://2.bp.blogspot.com/_pMscxxELHEg/Skyq54TUtPI/AAAAAAAAFuE/JywLBQ0kG_o/s1600-h/JoblossPercentJune2009.jpg The worst initial and continued claims since 1971. http://2.bp.blogspot.com/_pMscxxELHEg/SkyzHp0RoQI/AAAAAAAAFuU/cSb4U81qKLY/s1600-h/WeeklyClaimsJuly2.jpg Construction jobs. Remember all the construction jobs Obama was going to create? He's failed miserably here too. From the bls site.. In June, employment in construction fell by 79,000, with losses spread throughout the industry. Since the start of the recession, construction employment has fallen by 1.3 million. Mining employ- ment fell by 8,000 in June, about in line with the average monthly decline since its recent peak in October 2008. Of course look at construction spending... http://3.bp.blogspot.com/_pMscxxELHEg/SktvvlibNjI/AAAAAAAAFtc/McCFB95S8hw/s1600-h/ConstructionSpendingMay09.jpg How are new home sales doing? http://2.bp.blogspot.com/_pMscxxELHEg/SkIzHALpY3I/AAAAAAAAFo0/5w6_U_yPflk/s1600-h/NHSMay2009.jpg How about retail sales? As you know, consumer spending is 70% of GDP. http://3.bp.blogspot.com/_pMscxxELHEg/SjE1oquZ5FI/AAAAAAAAFgA/xQvvYVHJK60/s1600-h/RetailMayYoY09.jpg How's manufacturing doing? Let's look at capacity utilization. http://1.bp.blogspot.com/_pMscxxELHEg/SjecTyZcv0I/AAAAAAAAFiI/vGkcdW25U2k/s1600-h/CapacityMay2009.jpg The economic contraction is widespread, in 49 of 50 states according the Philly Fed survey. http://2.bp.blogspot.com/_pMscxxELHEg/SkD55j9xsVI/AAAAAAAAFoM/wWlyO6CvZKM/s1600-h/PhillyFedMayMap.jpg But the stock market is doing fine. Well it should NOT be based on cliff diving S&P earnings. http://seekingalpha.com/article/127203-s-p-500-earnings-biggest-decline-on-record So what does that mean for the stock value measurement of price to earnings ratio? A historic high of 120! http://www.chartoftheday.com/20090522.htm When will it sell off? Perhaps very soon based on consumer confidence and market divergence. Last time these two diverged to this extent the market had a huge sell off last fall. Note the red shaded areas and the subsequent price plunge... http://www.zerohedge.com/sites/default/files/images/CONCPSIT%206.30.jpg Well I think you get the picture. Obama has and is continuing to fail with no change of strategy on the horizon. A continuation of these trends is to be expected and will be the death knell of the dem congress and O's failed presidency. Note: If these graphs have you depressed, I prescribe a couple of hours watching CNBC.
- Last Post by: assassin17 on 07/02/2009 @ 9:48 PM

Jumbo arm

purchase price 2 million, 25-30% down pay, full doc. look for a good jumbo arm lender.
- Last Post by: KCNTJC on 07/02/2009 @ 9:35 PM

lenders with best arm pricing?

which lenders have aggressive arm pricing?
- Last Post by: daronc on 07/02/2009 @ 9:28 PM

Appraisal management company

I am looking for a good appraisal management company. A company that does pre comps nationwide and is on the same page with there appraisers anybody know of a company.
- Last Post by: AlbertSmythe48 on 07/02/2009 @ 9:12 PM

New Buyer leads Live Transfers 5$

Hi, We are generating over 200 live transfers in a day for the people who are looking for buying a new property,as we are generating that in bulk,we have kept the pricing very low which is only 5$ per live transfers. Email me on rahul@zestbpo.com if you need more information or call me on 866 978 8558 Thanks, Rahul Sadhwani CEO Zest Bpo Services Pvt Ltd www.zestgroup.org
- Last Post by: rockytop on 07/02/2009 @ 8:50 PM

Lower My Bills

I work for a company that purchases just lower my bills leads. My boss wont disclose how much he really pays. I assume for an exclusive lead with a social they cost around $20-$30 is that correct. Also what are your guys opinions on running a company off just mortgage leads and are there other companys with better leads then lower my bills?
- Last Post by: brycetimpson on 07/02/2009 @ 8:01 PM

Running For Cover! Stimulus Now Biden's Baby

Not a confidence builder. The Stimulus now belongs to Biden, the fall guy when this thing doesn't work? 'Unemployment rate much worse than the administration contemplated...' July 02, 2009 9:44 AM ome quotes of the day...a good read before you head out of the office for the 4th... "There are now 14.7 million people unemployed. Since the start of the recession, the unemployment rate has risen 4.6 percentage points. If you account for those who have given up looking for a job but want to work or those working only part-time but want full time employment, the unemployment rate rises to 16.5%." - The ABC News Business Unit, assessing the dismal numbers in this morning's Jobs Report “The fact of the matter is that the unemployment rate is much worse than the administration contemplated or that most people expected,” Economist Paul Krugman, to ABC’s Jennifer Parker “My rear end is on the line, just like yours. I’m the guy in charge of this deal. So if it doesn’t work, it’s me.” - Vice President Joe Biden, quoted in Time Magazine, on the success or failure of the stimulus package. http://blogs.abcnews.com/theworldnewser/2009/07/unemployment-rate-much-worse-than-the-administration-contemplated.html
- Last Post by: Tsnyder on 07/02/2009 @ 7:54 PM

$10M Commercial deal, NJ

Need some help I have a $10M commercial deal in NJ. Property is 320 residential units and 17,000 sq. ft commercial space, netting after taxes, insurance, maintenance appr., $1,085,000 yr. Have LLC that wants to buy it, also seller will hold back 10% 2nd. All units are rented section 8, so steady income and building has room for expansion. Borrower is waiting on me to make his offer.
- Last Post by: djimloans on 07/02/2009 @ 7:30 PM

Loan Mod Processing

We need someone who can process complete loan mod files.We have a capacity of 100+ files a month.
- Last Post by: ducebigg on 07/02/2009 @ 7:20 PM

I want to Buy As investor,

Have done a couple of sales, I am RE License In CA but I am looking for a Hard money lender that is Flexible, with Down Payments and or Flexible with monies that have to be put in.. I have a 600K cash credit line to buy homes. I can use to buy a home cash and get a competative price, but I need a hard money lender that will finance me asap, no more than 20 days... and willing to work with me.. maybe 3 to 6 months for payment,,, and easy on the points... I have money buyers..I am in the work Realestate I eat Real Estate, I know Real estate. but I need a Great lender. any takers.. in california the sales are soaring,,,.. need A team hard money lender.
- Last Post by: yalmar_z on 07/02/2009 @ 7:01 PM

TBW permitting use of $8k FTHB credit at closing

I didn't see any mention of this before but TBW officially is accepting use of the $8k FTHB credit towards closing, here is their information: HUD First-Time Homebuyer Tax Credit HUD recently released Mortgagee Letter 2009-15 regarding the use of the First-Time Homebuyer Tax Credit. The program provides up to $8000 tax credit to qualified first-time homebuyers. Although the program allows certain entities covered by Section 528 of the National Housing Act to use their current authority to offer tax credit advances with second liens, TB&W will not provide the second lien. The Second Lien must be provided by an FHA approved non-profit agency or Federal, State, or Local government agency or instrumentality. Use and approval of the first-time homebuyer tax credit is the responsibility of the entity providing the secondary financing. All documentation must be submitted to the entity providing the secondary financing. TB&W will only approve the use of the secondary financing being provided by the approved entity. TB&W will begin to accept this type of secondary financing immediately.
- Last Post by: kellamtom on 07/02/2009 @ 6:12 PM

National Title & Closing Services

Are you lending in multiple states and looking for the most aggressive Title & Closing rates and dedicated escrow team to handle your files? If so, LSI can provide you a centralized, single point of contact for all your Title & Closing needs. With LSI's vast network of mobile notary's and mobile attorney's we can close a loan in your office, borrowers home or any where that is convenient for your borrower. If you would like more information on our rates and services, you can contact me directly. Bryan Cronin (850) 321-4424 bcronin@lsi-lps.com
- Last Post by: title_guy on 07/02/2009 @ 5:56 PM

Another FAKE townhall meeting for Obama

Just another staged Townhall event for Obama http://www.washingtonpost.com/wp-dyn/content/article/2009/07/01/AR2009070100950.html A Pitch on Health Care To Virginia And Beyond Obama Hears From Guests and Twitter Video Obama: 'Not Too Soon' to Move on Health Care President Barack Obama says he recognizes the heavy price tag of revamping the health care system but that it would be much more costly to do nothing. President Obama offered a wonkish defense of his embattled health-care reform effort during an hour-long town hall meeting in Northern Virginia yesterday that featured seven questions, including one sent via Twitter and several from a handpicked audience of supporters. With the president's health-care ambitions meeting a cool reception on Capitol Hill, the administration is increasingly seeking to pressure lawmakers with evidence of the public's desire for action as well as proof that the health-care industry is a stakeholder in -- not an opponent of -- the effort. "The naysayers are already lining up," he said in remarks before taking questions. The challenge for opponents, he said, is: "What's your alternative? Is your alternative just to stand pat and watch more and more families lose their health care?" Obama made his pitch before an audience of about 200 people at Northern Virginia Community College's Annandale campus, including students, administrators, professors and local residents. But the real targets of the message were far beyond Annandale, and the White House is hoping to use social media sites such as Twitter and Facebook to reach constituents across the country. "This is a moral imperative, and it is an economic imperative," he told the live and online audience as he waded through health-care financing statistics. Even as he spoke, the Republican Party live-blogged its opposition. "Obama says our economy is in crisis because of health care costs," wrote Matt Moon, deputy research director at the Republican National Committee. "But his government-run plan will make it even worse, putting our country further into debt." In the stage-managed event, questions for Obama came from a live audience selected by the White House and the college, and from Internet questions chosen by the administration's new-media team. Of the seven questions the president answered, four were selected by his staff from videos submitted to the White House Web site or from those responding to a request for "tweets." The president called randomly on three audience members. All turned out to be members of groups with close ties to his administration: the Service Employees International Union, Health Care for America Now, and Organizing for America, which is a part of the Democratic National Committee. White House officials said that was a coincidence. The most dramatic moment came from Debby Smith, 53, of Appalachia, Va., who was near tears as she described for Obama her fragile health, including a recently discovered tumor for which she cannot get treatment. Obama waved her over and hugged her, saying, "I don't want you to feel like you're all alone." He promised to "find out what we can do within existing law" and called Smith the "perfect example" of the kind of person his health plan is intended to help. Afterward, Smith seemed less than satisfied with Obama's reassurances, telling reporters that it was still unclear how she would get the treatment she needs before she becomes eligible for government aid in nine years. Obama's other audience questions came from a union worker who asked what she could do to help him, and another from a health-care activist who urged him to talk about how to make health care more affordable. One Twitter user asked whether it makes sense to tax people's health-care coverage as a way to pay for reform. That led Obama to offer a long explanation of the various financing proposals, including his own for limiting deductions for the wealthy. "This is something that's going to be debated in the House and the Senate," he said. A Texas physician -- later proudly identified by the White House as Rep. Michael C. Burgess (R) -- challenged Obama to support caps on medical malpractice awards, something the president has refused to do. Another video question came from someone named Steve, who wondered why the president does not simply advocate a "single-payer" plan that would involve the government insuring all Americans. Obama was ready for the question. He launched into an explanation of the evolution of the American health-care system, calmly describing how difficult he thinks it would be to shift it to one based on a European model. "For us to transition completely from an employer-based [system] . . . could be hugely disruptive," he said. "We should be able to find a way to create a uniquely American solution to this problem."
- Last Post by: toddblue on 07/02/2009 @ 5:50 PM

Unemployment income to qualify for HAP

I hope someone can shed some light on this for me. I’m having an issue with unemployment income being an “acceptable” form of income to qualify for the HAP program. I was told that its NOT accepted because its not guaranteed income. It is guaranteed though. Not permanently, but at least for 6 -12 month or what ever time frame your state allows. I would think some income is better than none at all! Even if they only gave them a temporary Mod, not only will that allow the borrowers a chance to get back on their feet but it also allows the lender to actually be able to receive a payment. Let’s face it, how much money from your payment actually goes towards principal? Barely nothing, its all interest. So wouldn’t the bank want to at least be able to get the borrowers to a point that they CAN make a payment? I looked up the guidelines off the treasury.gov website and I don’t see anywhere on there that its not acceptable. I did get to speak with a rep from Citi who told me that as long as they have at least 9 months left of unemployment income, than they would qualify. Don’t all banks have to follow the same guidelines if they participate in the program? Every time I call a lender, I get a different response from a different person. It's as if they pick and chose what guidelines they feel like following! Can you even dispute this with the lenders? Their so called “negotiator” that are assigned to the loans are a joke too! How does it take 2 – 4 weeks to get “assigned” and then another 30 – 90 days to “review”! What takes so long to review a file? We do everything so that when it gets to them it’s a full complete file! Plug your little numbers in and start helping people! You would think THEY have to pull money out of their pocket to help these borrowers! Everyone loses if the property goes into foreclosure, but no one seems to care! 
- Last Post by: velecico on 07/02/2009 @ 5:21 PM

Grrrrrrrr...................

Ever have a day where you want to stab your self in the eyeball? How about rub your forehead against a cheese grater? Next person who comes in my office is likley to get a stapler thrown at them....... Between my printer rejecting me and rebelling against my every comand, My computer locking up because of the stupid printer... My phone ringing off the hook to the point I'm in utter shock it hasnt melted and starving all morning only to drop my lunch in the parking lot on my way back from picking it up..... I'm about to seriously run out in traffic with a bag over my head. Oh and while I was at lunch someone moved all my paper work around on my desk looking for a file! GRRRRRRRR..... just because it doesnt look oraganized to YOU!!! Okay I'm breathing now... Some possitive words please... I'm gonna need something good.
- Last Post by: CreditRepGal on 07/02/2009 @ 5:16 PM

No Licensing Rule

Thus, in many states no licensing rules exist yet with only 6 months left until loan originators who remain unlicensed will be excluded from working in the industry.Has anyone else heard anything about this? I just read this on another blog.
- Last Post by: Broker G on 07/02/2009 @ 5:14 PM

What in the hell is wrong w/people?

http://www.brisbanetimes.com.au/world/pet-python-strangles-2yo-girl-20090702-d5gj.html Who would want a 8 ft long python as a pet w/a 2 yr old in the house? Really, do some people lack even the slightest common sense to see this as a bad idea? Who wants one anyway? I guess it's cool when you're a teenager, or if it's only complementing your mullet, skid row records, and monster truck in the driveway, but seriously? 2 yr old girl died because someone wanted to have a zoo exhibit as a pet...I hope he gets tons of charges filed against him.
- Last Post by: carrieking on 07/02/2009 @ 4:58 PM

Appraisal Review

I ordered an AMC appraisal and am considering disputing it as I don't agree w/the quality. However, I'm not nor do I pretend to be an appraisal expert outside of the hundreds I've reviewed as an LO. Is there anything wrong (talking legal/not ethically) with sending the appraisal to an appraiser that I know to review it and let me know if I have a reasonable cause for dispute???
- Last Post by: AlbertSmythe48 on 07/02/2009 @ 4:46 PM

Are you looking for a New Jersey license holder?

I have a complete turn key operation, with ZERO overhead. I just paid the rent one year in advance (good till 5-31-2010) and just renewed my license till 6-30-2010. If you are looking to write loans in NJ and are looking for a turn-key operation contact me. New Jersey is a brick and mortar state. All LO’s must also be on W2, 1099 not allowed. UPDATE 6-28-09: I have received several emails from branch managers and L/O’s looking to “take over for me” Let me clarify what I am looking for. I am seeking a mid/large size broker/banker who is already licensed in multiple states, is FHA/VA approved ( I am NOT FHA approved) and wants to write loans in NJ without having to go through the licensing requirements, i.e looking for a “turn key” operation. I have no employees, just me. I would need to become an employee of your company and you would pay me a flat fee per NJ file OR a flat monthly salary. Email/call me with your questions: mmentzer@eaglemortgagenj.com 609-654-0878 Mike
- Last Post by: HonestNJBroker on 07/02/2009 @ 4:35 PM

HAPPY 4th ALL

Take a moment to realize the meaning behind the holiday, it's one of the best we have. I'll be working a bit but not too much tomorrow, and not even thinking about the word mortgage on Saturday, so thought I'd wish everyone a safe and happy one in advance! Hope there's cold beer, sunshine, good family and friends, and warm water abounding for you all.
- Last Post by: craigppls on 07/02/2009 @ 4:26 PM

top lo's

where can i find a list of the top lo's or originaters in the country? for once we are hiring! [:)]
- Last Post by: gonefishing on 07/02/2009 @ 4:15 PM

FHA 618 FICO

Any lenders do a 618 FICO FHA purchase. Approve/accept customer. Thanks for any responses.
- Last Post by: Kenneth Fedak on 07/02/2009 @ 3:54 PM

HARD MONEY RESIDENTAL AND COMMERCIAL CA

HLU consistently works with a select group of intermediaries around the country and these relationships continue to bring prospective borrowers to HLU for several reasons. The reasons would include: rapid decision making and swift transaction closings, certainty of closing, privacy of our borrower’s financials, flexibility allowing creative solutions within the scope of HLU’s underwriting criteria and experienced professional management to analyze, structure and close the transition. Upon submission please provide your engagement letter that you have with your client. Type of Collateral: - Single Family Residence Southern California Only (up to 65% LTV) Owner and Non-owner. ALL UP SCALE AREAS PREFERRED, BEVERLY HILLS, BRENTWOOD, MALIBU, ETC. - Commercial Properties Nation Wide (up to 65% LTV) - 2nds also available upon review. Lending Parameters Overview: • Interest Rates: 8% - 13% • Amortization: Interest only • Origination Fee: 3% - 5% taken at closing from the loan proceeds. ( 6% on case by case) • Loan Terms: 12-24 months • Closing times: 5 - 10 days • Loan Size: $300,000 up to 10M. Letter Of Intent: If a prospective client meets our lending criteria, we will prepare a Letter of Intent FREE of charge once we gain the following information: 1. Name and address of the borrower 2. Names and addresses of the principals of the borrower 3. A detailed description of the collateral including the entitlements (recent appraisal) Contact: Kim Campbell HLU Lending Group kim@gohlu.com - email preferred contact 661-904-6165
- Last Post by: klevans on 07/02/2009 @ 3:48 PM

Debt Acceleration NOT Settlement

I am an account executive with a a debt management company that has a debt acceleration program. This program will pay off unsecured debt (credit cards, personal loans, etc.) in 3-5 years. Usually at a lower monthly payment than what the client is currently paying. I am looking for 4 reps to market this product part-time. Everything is automated. Just enter the client's information on the online system and the program does the rest. You make typically $300-$500 per new client. In interested, call John at (702) 516-7016 or john@forgetyourdebt.net
- Last Post by: johnnypop on 07/02/2009 @ 3:42 PM

Commercial Hotel Refi

Hotel REfi Borrower owes 3.3 Million Term of Loan has expired. Looking for a Rate/Term In regards to the MAYFLOWER HOTEL, it is located at 910 N WISCONSIN DELLS PARKWAY , it consist of 160 rooms and two houses , it sits on 7 acres and borders on three streets and has been in business since 1956 . The pictures ,the ADR and gross sales since 2001 can be provided. Go to dellsmayflower.com Robert 424-202-3639 cbrob@yahoo.com
- Last Post by: jskolnick on 07/02/2009 @ 3:38 PM

Commercial Agriculture Nursery Mortgage Refinance

need a lender that may be interested in a refinance of a multi million revenue generating Agriculture Nursery in Florida
- Last Post by: stuartg on 07/02/2009 @ 3:36 PM

Agricultural Refi

Anyone have a referral for agricultural (almond farm) refinance...hard money???
- Last Post by: jskolnick on 07/02/2009 @ 3:35 PM

Who's Working Tomorrow??

It sure seems like there are more holidays then before... Stock Market is closed. Are banks closed as well?? One thing for sure, we aren't closed. :(
- Last Post by: clarenceworley on 07/02/2009 @ 3:34 PM

Mortgage Loan Processing Software

Would you like a better way to manage your mortgage loans? Check out ATLOS http://www.atlos.com/mkt/atlos_info.htm Are you a contract loan processor? Join our affiliated list of loan processors who process directly through ATLOS. We will list you in our directory, and as a referral partner. Go to www.atlos.com Or call (866) 793-3216 
- Last Post by: atlos on 07/02/2009 @ 3:17 PM

short sale approvals

I saw somewhere that there is a company that guarantees short sale approval within 30 days. Has anyone heard of these places?
- Last Post by: Chasity on 07/02/2009 @ 3:14 PM

Click to go to Mortgage Broker Outpost.

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