<b>REO </b> You Get What You Play For
<b>Paul McCartney & Wings</b> Wings Over America
<b>Frampton Comes Alive!</b>
<b>Foghat Live</b>
OK, Teeny bop, commercial, whatever you want to call it, but great live albums!!
- Last Post by: milehimagic on 11/21/2009 @ 9:11 PM
Anyway to do 1 year average commision?
- Last Post by: GVDenny on 11/21/2009 @ 9:10 PM
No, I am not talking about good deeds. As year end is approaching,
this is often a good time to pre pay some expenses. Buy office
equipment, stock up on supplies,renew subscriptions, pay for
advertising, ETC. Kind of boring stuff to think about, however,
a little thought and planing on these matters helps.
- Last Post by: 1003s.com on 11/21/2009 @ 8:59 PM
Complete with all the things the President said were not in the bill.
http://www.foxnews.com/politics/2009/11/21/senate-crucial-vote/
- Last Post by: Tsnyder on 11/21/2009 @ 8:52 PM
looks like we are one step further , did anyone catch that poll on MSN , 20 best places to retire , the US came in 17 , how can our healthcare rate below Ecuador ?
Everyone in the US should have basic healthcare , why is this even being debated , are we that jaded that we will not help our fellow man ? I thought we where a Christian nation , how can we deny people heathcare , yeah we all may pay more , but thats the way it should be , those who have more help those who have less
- Last Post by: seaRick1 on 11/21/2009 @ 8:51 PM
If you have a seller paying a point on a loan, would you include that on the Mortgage Broker Fee Disclosure or just what the borrower is paying?
- Last Post by: peter on 11/21/2009 @ 8:43 PM
What are your plans?
I'll be up in the mtns and the weather forecast sunny (as usual) in the 80s..
- Last Post by: GetLoans4me on 11/21/2009 @ 8:43 PM
I'm at a crossroad where I have to declare my intent engineering major. So far I've narrowed it down to 5: Mechanical, Nuclear, Petroleum, Civil and Chemical engineering. I should probably cross out chemical. They have been saying you should pick which one you like the most but frankly, I don't know right now lol. I'm leaning toward either Petroleum or Civil but then mechanical is pretty broad and nuclear is the future.
Which one you would have picked?
- Last Post by: khoiey on 11/21/2009 @ 8:42 PM
Thank you Motown!!
http://tinyurl.com/ydt2r22
- Last Post by: GetLoans4me on 11/21/2009 @ 8:40 PM
I am having problems with my computer. When I try to open anything it automatically defaults to media player when it is a .pdf? Also, I used to convert files to .pdf by clicking print>pdf995 now it does not recognize this. Hopefully someone will understand what I'm trying to say since I don't know computer language.
- Last Post by: assassin17 on 11/21/2009 @ 8:40 PM
And I've never called anybody on BO an idiot before, never.
Does anyone know why he comes across that way?
dollar
- Last Post by: GetLoans4me on 11/21/2009 @ 8:40 PM
Need to run a FHA deal through a broker in Pa (prefer Western Pa) Have almost full package.Will go into detail later. Anyone? Thanks
- Last Post by: ta17 on 11/21/2009 @ 8:30 PM
Sarah Palin, once again, was the lead story of the week. So much so that little was said or noticed about the Obama vacation in the Far East.
While political operatives continue attacking Palin, a private citizen, it wasn't until yesterday that Team Obama took some actions. Coordinated with a statement from Organizing For America that the Palin book tour was "dangerous", (http://hotair.com/archives/2009/11/20/obama-organizing-group-palin-book-tour-dangerous/)
it seems a new strategy has now beeen unfolded. At a Palin stop in Indiana, people in the crowd were booing Palin, claiming they didn't get their books signed and chanting that Palin was a quitter. While there is no concrete evidence that any of these trouble makers were part of an oranized protest from team Obama, witnesses in the crowd did have the impression that this was astroturfing.
Coincidence that Organizing For America released their attack the same day that people were protesting? Probably not.
Palin did respond that if anyone who was in line failed to have their books signed, she would make arrangements to see that the problem was solved.
I now wonder what strategy will be employed as a counter attack? Will we now be seeing organized protestors at the carefully scripted Obama events? Time will tell.
I also wonder why the attacks on a private citizen? Is the White House that affraid of Palin? If so, why?
- Last Post by: paulsof1 on 11/21/2009 @ 8:22 PM
CNSNews.com asked Pelosi at her regular press briefing on Thursday: "When we capture Bin Laden, should he be told he has the right to remain silent and given a lawyer?"
Pelosi responded: "Well, let’s see, how many years has it been? Nine, eight years."
In the United States, potential criminal defendants need to be warned of their “Miranda” rights after they have been arrested and before they have been questioned. If the arresting authorities fail to read a suspect his or her Miranda rights statements the suspect subsequently makes will likely not be admissable evidence in a trial.
The question of reading Miranda rights to terrorists such as Bin Laden took on particular cogency after Attorney General Eric Holder announced last week that the Obama administration would try 9/11 mastermind Khalid Sheik Mohammed (KSM) in a federal civilian court, rather than in a military commission. The need to treat captured terrorists as potential defendants in civilian courts could seriously complicate U.S. intelligence gathering on al Qaeda, which in the years after 9/11 has relied heavily on interrogating members of that organization who are captured overseas.
http://conservativepapers.com/index.php/2009/11/20/pelosi-wont-say-whether-osama-bin-laden-should-be-told-he-has-the-right-to-remain-silent-and-get-a-lawyer/
- Last Post by: homebroker@sbcglobal.net on 11/21/2009 @ 8:13 PM
I like in this order...
Top Chef
Man Vs. Wild
House
- Last Post by: dkoch on 11/21/2009 @ 7:51 PM
<center>Tito Ortiz vs Forrest Griffin
Josh Koscheck vs Anthony Johnson
Phil Baroni vs Amir Sadollah
Antonio Rogerio Nogueira vs Luiz Cane
Paulo Thiago vs Jacob Volkmann
Marcus Davis vs Ben Saunders
Kendall Grove vs Jake Rosholt</center>
- Last Post by: dealmakerz on 11/21/2009 @ 7:47 PM
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 11/21/2009 @ 7:25 PM
I have a good customer in Napa Valley, CA. looking for
a construction loan on a land that he owns and he already
has a permit for construction. Details are as follows:
1) Building to be constructed will be owner-user.
2) Borrower owns land with equity of $ 500,000 plus the
the white paper.
3) Presently, borrower is renting elsewhere for $5,000 a month
for his showroom.
4) Need a loan amount of $800,000 at 7% with 30 year fixed amortization
or nearest program. Can pay max $ 5,322.42 per month.
Please advise. Thank you.
Peter
- Last Post by: peter on 11/21/2009 @ 7:12 PM
I am looking to become a loan officer. I do not have much experience but I know the industry. I live in NY. Can anyone recommend a good company to work with
Thanks
Angie
- Last Post by: nfs10405 on 11/21/2009 @ 7:09 PM
Got the Christmas tree up today. I was going to put a holiday tree up for Thanksgiving but figured it would be too much of a problem taking it down and replacing it with the Christmas tree the day after.
- Last Post by: carriemaese on 11/21/2009 @ 7:05 PM
Wonder if anyone here has done business with Flagstar Bank
wholesale lately if they are any better than Wells and
B of A in terms of underwriting stips and customer service.
Thanks,
Peter
- Last Post by: peter on 11/21/2009 @ 7:03 PM
I just spoke to an attorney who just attended the seminar on this and he is so upset. This will be a nightmare for all of us and will most likely make the consumer confused.
He indicated the YSP would be shown as a credit to the borrower. He stated "I don't know you guys are going to get paid?"
Anyone have this same feeling? (I plan to go to a seminar also).
The attorney also told me that WF is starting to use this form as of 12/05/2009.
- Last Post by: LO1003 on 11/21/2009 @ 6:26 PM
Read this for yourself. You will never hear about this from a liberal website
http://spectator.org/archives/2009/11/11/the-man-who-despises-america/
Good read. MAkes you think
- Last Post by: rjk88 on 11/21/2009 @ 5:46 PM
Obama admits on camera that speaking to the troops makes a 'pretty good photo-opt.' Isn't that disrespectful to the troops?
http://tinyurl.com/yklvh5d
- Last Post by: rjk88 on 11/21/2009 @ 5:37 PM
Hello Community, looking to see if there are any construction lenders left. Only ones I have found are bascially Hard Money then the borrower needs to get a take out at maturity. Thanks!
- Last Post by: waynepbright on 11/21/2009 @ 5:29 PM
I like how it was simplified but nowhere is there a space to list the down payment and Total cash required for the transaction.
I guess, per the new HUD form, all loans after 1/2010 will be Zero down!
- Last Post by: Mandyvilla on 11/21/2009 @ 5:29 PM
...many Blacks in polls on President Obama. Rush accused Gallup 11-19-09 of counting too many blacks in it's tracking polls on President Obama's approval ratings in order to keep him above the 50 percent mark while several other polls have shown him slipping below that. My thoughts are dope fiend Rush is slipping back into whatever he's on!! LMAO![:D] But the right-wing nut jobs have a love affair with Rush and the notion of the POTUS projected failings. That's right dope fiend Rush...."keep hope alive!" whereby you believe racial divisiveness is what this country need about now along with everything else!
- Last Post by: 1stintegritymortgage on 11/21/2009 @ 5:15 PM
I posted this earlier on a thread, but the thread was dying out, and no one remarked about it. What do myou think of this?
A great hedge against dollar collapse would be for the U.S. Govt to get into GOLD MINING!
FDR really blew it when he froze the price of gold so low, and outlawed possesion of it, and shut down all the gold mining companies during WWII! That was a HUGE mistake! My Gawd, he could have paid off all the New Deal Debt, and funded the war effort with that gold!
As it is now, they keep printing fiat money, and selling T-bills for balance of trade deficits to China. That only works so far.
The U.S. owns most of the land that TRILLIONS of dollars of gold sits on(BLM and Forestry), and if the Army Corp of Engineers started dredging out these lakes and rivers, and tearing down some dams, it would even make the Enviro-wackos happy! By opening up spawning grounds for fish. Salmon and steelhead, for example.By stockpiling gold again in Ft. Knox, that would boost the dollar bigtime, and end the risk of hyper-inflation! It could allow Govt to lower taxes, and the gold surplus could be sold on the open market, and pay down the huge national debt we have incurred! When the hydraulic mones were shut down in 1893, they left most of the rich ore in place. By drifting tunnels, you can take out the very richest ore, without disturbing the environment. No open pits, or gravel washing down the rivers. Its WIN-WIN!
I might add, that investors in MBS, need to take a severe haircut! If we could write down the huge amount of mortgage balance principals, it would free up TRILLIONS of $$ for the economy to boom again, and the housing market would boom again-this time based upon realistic home values. People could afford to live again!
It makes so much sense, I doubt we will ever do it. Obama is OWNED by the Enviros and many of our Federal agencies, too. And he is owned by the big bailout banks, and Wall Street. Sad!
- Last Post by: 1stintegritymortgage on 11/21/2009 @ 5:13 PM
Hello,
Can I give a 5.5% paying 4pts ysp and credit 2pts as a broker contribution to closing costs?
I know it is a stupid question, but I do not know the answer and neither my AE.
Thank you
- Last Post by: shea1 on 11/21/2009 @ 4:55 PM
Do people really consider these guys credible news, or just entertainment?
Recently, they covered a march against the health care bill, but edited in previous tapings of other marches from summer that had a lot of people to make the event seem bigger. John Stewart in the Daily Show ripped them a new one about this and FOX admitted that it was a mistake and apologized.
In the past, FOX also refused to cover the gay rights protests that had tens of thousands while devoting half hour segments and multiple coverage of very small tea parties, or protests against the school that taught children the Obama Song that had a few dozen protesters at most.
Check out these clips.
http://www.hulu.com/watch/108118/the-daily-show-with-jon-stewart-sean-hannity-uses-glenn-becks-protest-footage
http://www.hulu.com/watch/108766/the-daily-show-with-jon-stewart-sean-hannity-apologizes-to-jon
- Last Post by: Tsnyder on 11/21/2009 @ 4:54 PM
516 Mid Fico
80% LTV
Cash-Out
Debt Consolidation
Full Doc
40% DTI
1X30 On MTG
Help me....
- Last Post by: shea1 on 11/21/2009 @ 4:43 PM
Is there any way to refinance someone who is upside down but does not have a Fannie or Freddie loan?
- Last Post by: nowbroker on 11/21/2009 @ 4:39 PM
U.S. Housing Recovery Delayed to 2010 as Market Wanes (Update3)
By Kathleen M. Howley and John Gittelsohn
Nov. 20 (Bloomberg) -- A recovery in U.S. housing will have to wait at least until next year.
The outlook for the home market dimmed this week as residential construction and mortgage applications fell and loan delinquencies reached a record.
“I don’t think the housing crisis is over,” Mark Zandi, chief economist with Moody’s Economy.com, said in a telephone interview. “I think we’re going to see another leg down.”
New home sales may begin to pick up by the start of the so-called spring selling season, said Toll Brothers Inc., the largest U.S. luxury homebuilder. Existing house sales may take longer. Residential construction and property sales led the way out of the previous seven recessions going back to 1960, said David Berson, chief economist of PMI Group, the mortgage insurer in Walnut Creek, California.
Mortgage applications for home purchases fell to a 12-year low last week and foreclosures rose to record highs in the third quarter, according to reports from the Mortgage Bankers Association.
An index measuring November homebuilder confidence came in lower than the median forecast of 45 economists this week. The Commerce Department on Nov. 18 said residential building dropped 11 percent in October to the lowest level since April’s all-time bottom.
‘Challenging’ Conditions
The $8,000 federal tax credit for first-time buyers, extended by President Barack Obama on Nov. 6, drove existing home sales to a two-year high in September. At the same time, a 26-year high in unemployment is keeping many buyers out of the market and pushing existing owners into foreclosure.
“The thing that drives our business the most is job creation,” Donald Tomnitz, chief executive officer of D.R. Horton Inc., said today on an earnings call. “If we look at the macro economic environment, it’s not good for us.”
D.R. Horton, the nation’s second-largest homebuilder, fell more than 15 percent, the most in a year, after reporting a fourth-quarter loss that was wider than analysts’ estimates. Shares of companies in the S&P Supercomposite Homebuilding Index fell 4.1 percent today.
U.S. companies have shed 7.3 million jobs since December 2007, the biggest contraction since the Great Depression, and the unemployment rate jumped to 10.2 percent in October, the highest since 1983, according to the Bureau of Labor Statistics.
The jobless rate probably will peak at 10.4 percent in 2010’s first quarter, even as the U.S. economy continues an expansion that began in the third quarter, said Douglas Duncan, chief economist of Fannie Mae, the largest mortgage financier.
Loan Delinquencies
“You don’t pay a mortgage with economic output -- you pay a mortgage with a paycheck,” Jay Brinkmann, MBA’s chief economist, said yesterday.
The share of all types of home loans with one or more payments overdue climbed to a record seasonally adjusted 9.64 percent in the third quarter, the Washington-based trade group said in a report yesterday.
There are signs that parts of the U.S. are rebounding. California, among the states where the housing bust started, is one of the few areas that’s beginning to recover.
October home prices in Orange County, San Diego and the San Francisco Bay Area increased from a year earlier, MDA DataQuick, a San Diego property information service, said this week. The number of sales also increased in the Bay Area and Southern California.
Tenuous Stabilization
“We have to be aware that the stabilization that we’ve seen so far is tenuous at best,” Lennar Corp. Chief Executive Stuart A. Miller said Nov. 17 at a conference in New York sponsored by UBS AG.
Homebuilders and investors will get a better gauge of whether housing demand is stabilizing in 2010’s first quarter, said Robert Toll, chairman and chief executive officer of Toll Brothers, the largest builder of luxury houses.
The spring selling season for homebuilders typically begins in February, earlier than the resale market because families with children want to be able to move into a home before September’s start of school. It can take up to six months to build a home, and up to 9 months to build the larger houses sold by Toll Brothers.
Spring Recovery
“My prediction is we’ll probably recover on a seasonal basis,” Toll said yesterday at a conference in New York sponsored by Citigroup Inc. “It’s generally accepted that the homebuilding industry is off the mat and on the road to recovery.”
The U.S. median existing home price tumbled 28 percent over three years to $164,800 in January, the lowest in more than seven years, according to the National Association of Realtors. A month later, Congress passed the American Recovery and Reinvestment Act of 2009 giving a tax credit to first-time buyers.
Existing home prices probably will fall 12 percent this year to a median of $173,800, while the new-home median likely will tumble 8.7 percent to $212,000, according to a forecast on Fannie Mae’s Web site. Combined sales of new and existing properties probably will drop 0.7 percent to 5.36 million, even with the federal tax credit, after plunging 16 percent last year.
“The first-time homebuyer tax credit juiced up sales,” said Moody’s Zandi. “The stimulus was helpful. It augurs, at the very least, that policy makers can’t pull life support from housing.”
Bouncing at Bottom
Josh Levin, a housing analyst at Citigroup Global Markets Inc. in New York, said he expects sales to continue to be slow until January or early February, followed by a surge as buyers try to beat the April 30 expiration of the tax credit.
“The bouncing along the bottom is distorted by government policies,” he said in an interview yesterday.
Foreclosures will also have limited impact on driving down real estate prices as long as banks are slow to put properties on the market and the government encourages loan modification programs, he said.
“It’s clear the government and banks don’t want to flood the market with foreclosed homes and it’s clear it’s going to be dragged out,” he said.
To contact the reporters on this story: Kathleen M. Howley in Boston at kmhowley@bloomberg.net; John Gittelsohn in New York at johngitt@bloomberg.net.
Last Updated: November 20, 2009 16:29 EST
http://www.bloomberg.com/apps/news?pid=20603037&sid=a1nQ57v_2e5g
- Last Post by: BMill on 11/21/2009 @ 4:36 PM
My processor just got out of a staff meeting with the boss regarding new changes and she stated that all loan applications will eventually have to be face to face? Has anyone else heard this?
- Last Post by: propertylender.com on 11/21/2009 @ 4:05 PM
<b>Hardship client is enduring:</b>
- client was unemployed- recently started working again
- 2 case of family illness (provable)
<b>Approximate Home Value</b> $730,000
1st Loan Amount: $697,000
Monthly Payment: $3,340
Interest Rate 3.35%
Lender; Bank of America
Monthly Income" $5,513 + bedroom rentals
The NOS on this file was supposedly filed for 11/19/2009
Can your company take on this file?
Is there a way we cna get the lender to rescind?
I am looking for someone that can really help my client, not just take his moeny.
I have a big book of business and have alot of similar files at hand...
Please email, text message, or call me
stevenhall1strate@yahoo.com
(310) 562-6122
The client has agreed to pay $4,440 for services rendered.
Thankk you,
- Last Post by: bigluck on 11/21/2009 @ 3:58 PM
I'm sure this has been asked many times over, however is it legal or commonly practiced to use foreclosures as comps? This is on a multi-unit condo deal in Florida. Just to let you know, there were sales out of foreclosure that could have been used, but weren't. Thanks.
- Last Post by: davidfr on 11/21/2009 @ 3:51 PM
Looks as though shortly after Thanksgiving HUD is going to implement another 5% reduction to the principal limit. They are worried about home values that continue to fall. Just keeps getting tougher. My morning tomorrow is going to be spent calling everyone who hasn't applied yet to give them hopefully a bit more notice than last time.
- Last Post by: jb060310 on 11/21/2009 @ 3:46 PM
Any lender out there that will do a cash out on a non owner when the client owns 9 financed properties already? Need to do C/O to 70 or 75% for A borrower somehow- thanks!
- Last Post by: velecico on 11/21/2009 @ 3:40 PM
Which lender whether it's FHA or Conventional doesn't really care? I have a client in Ca who commutes to work roughly 200 miles on a daily, weekly basis.
- Last Post by: Hopland on 11/21/2009 @ 3:15 PM
http://goallineblitz.com/game/signup.pl?ref=17900137
check out the game above...its free, and Ive been playing for over a year now. You create your own football player, choose the position, get on a team, get special abilities, buy equipment, you can scout, be an offensive/defensive coordinator, etc... if you love football you'll love this game!
- Last Post by: NobleHouse on 11/21/2009 @ 2:44 PM
I have a purchase its a apt convert to condo's. The building is FHA approved.
The unit went through a total remodel with new kitchen, bathroom etc. but it looks like the seller is saying that they do not have permits for the remodel?
The appraisal has not been completed so I don't know how it will be written.
I pulled a title report and it looks like there have been loans written since this remodel by BofA and Wells.
Will this permit issue be a problem with FHA? If so is there a certain lender that would be a good fit for this scenario?
- Last Post by: Hopland on 11/21/2009 @ 2:32 PM
Pretty damning evidence if you ask me. The so called scientists are cooking stats to push their warming agenda. It's been nothing but a transparent money grab from the ill conceived beginning. They'll lie, cheat and steal to get their grubby, self serving hands on the billions at stake. Even if it means destroying the U.S. economy. The American people need to wake up and quickly. Everything is being stolen from us in broad daylight. They piss on our legs and tell us it's raining.
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote">Apparently a "Global Climate Center" was hacked and the contents have been posted to the Internet. A ZIP file exceeding 60MB and containing a huge number of emails and other documents has been posted worldwide.
Original speculation as to whether the files posted were legitimate or some sort of spoof appears to now be confirmed as legitimate:
“It was a hacker. We were aware of this about three or four days ago that someone had hacked into our system and taken and copied loads of data files and emails.”
I have not had time to read all of the material yet (there are over a thousand files involved!) but what I have skimmed looks VERY damning. Contained within the documents are what appear to be admissions of intentional tampering with data as well as intentional falsification of results to "show" man-made global warming.
One of the emails says:
"I’ve just completed Mike’s Nature trick of adding in the real temps to each series for the last 20 years (ie from 1981 onwards) and from 1961 for Keith’s to hide the decline."
That is, to hide a decline in global temperatures.
It gets better. Another message, this one allegedly from 2000:
It was good to see you again yesterday - if briefly. One particular thing you said - and we agreed - was about the IPCC reports and the broader climate negotiations were working to the globalisation agenda driven by organisations like the WTO. So my first question is do you have anything written or published, or know of anything particularly on this subject, which talks about this in more detail?
Oh, so it's not about the planet getting warmer, but rather is a convenient means of advancing an agenda that has already been pre-determined?
Then there's this:
In my (perhaps too
> > harsh)
> > view, there have been a number of dishonest presentations of model
> > results by individual authors and by IPCC. This is why I still use
> > results from MAGICC to compare with observed temperatures. At least
> > here I can assess how sensitive matches are to sensitivity and
> > forcing assumptions/uncertainties.
(Pardon the formatting, it's text-mode email 'yanno.)
Guess who that was addressed to? Michael Mann. You know, the (infamous and now discredited) "Mann Hockey Stick"?
<b>Guess where that email originated? NASA.</b>
Yes, I have the file. So do a few million other people.
http://market-ticker.org/archives/1648-Global-Warming-SCAM-HackLeak-FLASH.html<hr height="1" noshade id="quote"></blockquote id="quote"></font id="quote">
Hotair covers the story as well here http://tinyurl.com/y8ku8zn
- Last Post by: darkstar on 11/21/2009 @ 2:29 PM
<b>Fred Thompson: Afghan war 'has been lost'</b>
Former Sen. Fred Thompson today intensified his party's criticism of President Obama's long deliberation over policy in Afghanistan, announcing that Obama's delay signals that "the war has been lost" and that nothing the president now does will "make any difference."
"It really doesn't matter how President Obama divides the Afghan baby, how he splits the difference between McChrystal and Biden. Because the war has been lost," Thompson said on his radio show today. "I say this because of one sad and simple fact. The president does not have the will and determination to do what's necessary to win it. His heart's not in it, and never has been. The Taliban knows it. Al Qaeda knows it. Our allies know it. And the American people know it.
"Our enemies are now emboldened and our friends are discouraged. We cannot prevail if the American people are not willing to make the sacrifices necessary for an extended effort. The case has not been made to them to justify this effort. The case can only be made by the president. This president is unable or unwilling to make that case," Thompson said.
Thompson's words seem to lay the groundwork for Republican opposition to further American engagement in Afghanistan, cast here as halfhearted.
"Take your time, Mr. President," Thompson said. Unless you have a total change of heart and mind, it really doesn't make any difference."
Posted by Ben Smith 12:07 PM
http://www.politico.com/blogs/bensmith/1109/Fred_Thompson_Afghan_war_has_been_lost.html
- Last Post by: rjk88 on 11/21/2009 @ 2:27 PM
Bout time they joined the rest of the world...
http://www.gallup.com/Home.aspx
- Last Post by: rudeness on 11/21/2009 @ 2:24 PM
Found this old email from 2006. NOO Loan! WOW!
Good Day – The following is a breakdown of our 100% NOO program. Serious inquiries into the program and specific deals must complete the attached checklist and fax the 1003 and credit to the number below. You will receive a response typically within 24 hours.
100% NOO; 1-4 Units:
- 620 Full Doc
- 660 Stated Income Verified Assets
- 680 No Ratio
- 2-4 units are FICO specific
- Reserves - 6 months PITI on subject mandatory
- 2% Seller Concessions
- 50% DTI
- Interest Only Available on 1st, 30yr 2nd
- Mandatory 6month PPP – option to buy out in some instances for 2pt cost
- 70/30; 75/25 and 80/20 options
Sample Rates:
80 – 6.75% 1st Interest Only 5yr ARM
20 - 12.875% 2nd
Once again, please fax checklist, 1003 and credit to the number below and you will get a timely response.
Chad Murray
Entrust Mortgage
www.entrustmtg.com
303.777.2669 Fax
States: AK, AZ, CA, CO,CT,FL, GA, IL, IN, MD, MA, MI, MN, MO, NV, NM, OH, OR, RI, TX, UT, VA, WA
- Last Post by: dealmakerz on 11/21/2009 @ 2:19 PM
SB94 became law on October 11, 2009
There are a lot of loan modification processing companies and law firms that are still performing loan modifications in the state of California. Some have claimed that they did their research with the DRE, law makers and their attorneys and have found a way around SB94.
This is what some companies are claming is their way around SB94:
<ul><li>They revised their contracts and now accept funds upon completion of individual tasks.</li><li>They charge $3000 for 'Research and Analysis' and then do the 'Negotiation' for free.</li><li>They will perform a forensic loan analysis for a fee and do a loan modification for free.</li><li>They sell Do-It-Yourself Kits.</li><li>Any combination of the above</li></ul>
Here is the problem: <b><font size="3">THEY ARE ALL ILLEGAL!!</font id="size3"></b>
<b>The Truth Behind SB94</b>
No money may be collected before ALL work is completed for the modification and the client receives their modification from their lender.
If $1000 is collected, it is a felony.
Even if you are not performing loan modifications in CA but your processing company is, you are jeopardizing your clients and your business. If your processing compnay is caught, their business will be shut down - which in turn, will shut your business down. And the clients that they are processing will be left out in the cold.
The CA Attorney General, Jerry Brown, is now running for governer. He is on a political crusade to go after these companies who are still performing loan modifications for CA homeowners, shut them down and prosecute them.
<b>What Can Be Done?</b>
There are three options:
<ul><li>Stay out of California and do not allign your company with a processing company or law firm that still accepts CA clients.</li><li>Perform all work on the loan modification. Present the client with their modification results. Then try to collect your fee. *The problem with that is you will not get paid by the client.</li><li>Have Financial Solutions Group show you the alternative...</li></ul>
Our law firm can work within the law, legally represent the homeowner and legally get paid in advance. This is based on our legal findings of a 73 year old Federal Law. Our law firm will file legal documents on behalf of the client. There will be a requirement on the servicing company/investor of the loan to respond to 20 specific points within a predetermined amount of time. If this is not accomplished within the aforementioned time frame, our law firm will seek enforcement of the 73 year old Federal Law. This will result in the dissolution of the primary lien against the subject property... the house will be free and clear.
<b><center>THIS IS NOT A LOAN MODIFICATION</center></b>
<b>UPDATE:</b> We are still waiting for legal opinions from the Attorney General's office and the CA Bar Association. We need to perform our due dillegence before we begin accepting CA clients again. We take our affiliate relationships very serious and will not expose anyone to illegal activity.
Our law firm and Financial Solutions Group strive to keep our affiliate partners 100% compliant with all present and impending legislation.
- Last Post by: ponyup360 on 11/21/2009 @ 2:14 PM
Scrooge, hope this is interesting to you.
SEIU has basically threatened the Boy scouts for picking up trash and making the community better (because those should be things that the UNION is getting paid for)
http://townhall.com/columnists/MichelleMalkin/2009/11/20/when_big_labor_bullies_and_volunteers_collide?page=full&comments=true
The Boy Scouts' motto is: Be prepared. Who knew it meant preparing to defend themselves against purple-shirted union thuggery over community service? Kids, pay attention. This is a teachable moment for all of you on power, politics and Big Labor's culture of corruption.
<b>Last week at a city council meeting in Allentown, Pa., a top official of the local Service Employees International Union chapter ranted about 17-year-old Scout Kevin Anderson's park cleanup work. Anderson devoted some 200 hours to the job in order to earn an Eagle Scout badge. He picked up trash and helped clear a 1,000-foot walking path with fellow members of Boy Scouts Troop 301 of Center Valley.</b>
But SEIU's Nick Balzano gave them hell instead of thanks.
Balzano disparaged altruistic efforts in city parks and asserted that <b>"there is (sic) to be no volunteers" since his union members were laid off. He then issued a witch hunt threat: "We'll also be looking into the Cub Scout or Boy Scout who did the trails. We may file another grievance on that." Citing union rules, he gave the Allentown city council, the Boy Scouts and all potential volunteers an iron-fisted ultimatum: "None of them can pick up a hoe. They can't pick up a shovel. They can't plant a flower. They can't clear a bicycle path. They can't do anything. Our people do that."</b>
That's right. Balzano was ready to bludgeon the Boy Scout because his gung-ho volunteerism posed a threat to the SEIU labor monopoly. The outrageous display of Boss Balzano's union protectionism provoked a national furor. SEIU headquarters in Washington immediately blamed "the disreputable Fox News and other right-wing outlets like Michelle Malkin's accuracy challenged blog" for the backlash. While decrying their critics' "fiction," SEIU distanced itself from Balzano, denying that he was a top union leader and dismissing his remarks as "unauthorized."
<b>Fact: U.S. Department of Labor records from 2008 (their most recent filing) show that Balzano is no rogue rank-and-file member. He currently serves on the SEIU local's executive board and previously served as president.</b>
Fact: The union tried to minimize Balzano's grievance threat as "inappropriate." But the dirty open secret is that public-sector unions have routinely attacked volunteer workers who threaten their stranglehold.
<b> Last June, union officials in Baraboo, Wis., filed a complaint against volunteer firefighters who built sandbag barricades to protect the city from record flooding. They whined that city Department of Public Works employees should have been called first and demanded overtime pay <font color="red">(for work they didn't do)</font id="red"> to compensate them.</b>
Yes, kids, the city was knee-deep in water and the government union got mad that other people scrambled to work together in an emergency to put sand in bags, save homes and help their neighbors. Public-sector unions aren't about serving the public interest. They're about serving their people, their power and their self-preservation.
In Montpelier, Vt., several years ago, the teachers union went after a superstar educator, Bill Corrow. The students, staff and supervisors at his school loved the social studies teacher and Vietnam veteran. But the Vermont Education Association hated him because he was a volunteer who did not accept payment for his elective course. Teachers unions are all for parents and schoolchildren volunteering their time to engage in political lobbying and power-expanding initiatives on the union's behalf. But God help the community service-oriented individual with a passion for sharing his knowledge in their classrooms.
In California, union heavies in the Sacramento area sued a nonprofit environmental group for using college-age volunteers on a state-funded project to clean up a canyon and build a community trail. Big Labor dusted off an old law that requires community service volunteers to be paid prevailing wages for doing the same kind of cleanup that Allentown Boy Scout Kevin Anderson was punished for doing freely. The law was finally repealed, but not without a brass-knuckles fight.
As National Right to Work Committee President Mark Mix, whose group monitors forced union abuses, pointed out during the battle: "Discerning California union bosses' real agenda … is not hard. Volunteer workers don't have to pay compulsory union dues to serve their communities, but most paid workers on public projects in California do. … (It) is yet another example of how government-authorized compulsory union dues corrupt the political process and furnish unscrupulous union officials with an enormous incentive to act against the public interest."
SEIU President Andy Stern in Washington speaks for all of Big Labor when he describes his organizing philosophy: "We prefer to use the power of persuasion, but if that doesn't work, we use the persuasion of power." President Obama, who has made national service an administration priority, has been and will continue to be silent about the Big Labor bullies who make public enemies of Scouts with trash bags and hoes.
You see, kids, Obama owes Stern (his most frequent White House visitor) and his union brethren. SEIU alone poured more than $60 million in compulsory membership dues into Obama's campaign and leaned on its workers to "volunteer" to knock on doors, place phone calls and send out mailers for the Democratic Party. No good deed goes unpunished by union bosses -- unless it benefits their political empire.
- Last Post by: rudeness on 11/21/2009 @ 1:58 PM
How do the rest of you deal with rude, crazy clients whose rudeness and sense of entitlement typically don't surface until the middle of the transaction?
- Last Post by: eh6794 on 11/21/2009 @ 1:15 PM
I am new to the commercial lending business i have an abundance of commercial leads from a refferal source. Does anybody have a good list of commercial lenders companys and numbers.
THank you,
James
- Last Post by: need answer on 11/21/2009 @ 12:35 PM
Need loan for land in Ct.. worth $5.0M minimum.. residential construction will be done, as well as a commercial aspect to this project.. small shops, a post office, restaraunts, etc.. lien can be on the land itself, or based on the potential income from 3,000+ cords of firewood currrently being processed for spring 2010 sale ($200.00 per cord) .. Borrower will allow up to 12 months prepaid interest.. wants to begin taking the $200,000 deposits for his people's homes to be built.. needs funding to erect the model home and a stand alone single family, to be sold.. in excess of $375k.. many comps to support that expected value..
this issue is upfront, due diligence fees.. borrower has lost over $100k so far from people taking money, and never following thru.. borrower is available to show/tour land, show the project.. just wont provide upfront funding.. once a firm committment is issued, he is more than willing to provide due diligence money..
please email respone and or contact.. been working on this a long time. need hard money lender, no brokers, who are serious and can move quickly.
thanks .. paul
- Last Post by: need answer on 11/21/2009 @ 12:32 PM
Looking for a Hard Money Lender to purchase single family properties in South Florida.
Thanks,
David
- Last Post by: need answer on 11/21/2009 @ 12:28 PM
Looking for a good direct lender for small balance commercial & hard money loans ($100K+). I'm an experienced originator in Houston, TX
- Last Post by: need answer on 11/21/2009 @ 12:26 PM
I am looking for a lender(not broker)that will do this loan. I have a borrower in Kentucky who wants to buy a subdivision with 65 lots @ $1,300,000. He has strong financials along with 771 credit score. He has $500K in mutual funds $20K in checking account. He got other funds too but wanted to see if I can him a loan before releasing his entire financials. I told him he would need to put down a sizeable amount toward the purchase which he don"t mind. What is the max LTV on this loan?
- Last Post by: smithami on 11/21/2009 @ 12:26 PM
Does anyone know???
- Last Post by: darkstar on 11/21/2009 @ 12:17 PM
Is there anyone left doing lot loans?
- Last Post by: timjarvis on 11/21/2009 @ 12:07 PM
Looking for a lender to take out an existing lot loan - $110,000 - value +/- $ 260,000 + (real value, that's very close to saleable price) - excellent credit, income and assets.
Also looking for a construction loan - La Habra Heights area for this property, future value of 2350 SF home, +/- $ 750,000 - take out the land loan, plus construction costs / soft costs to re-work the entitlements to a smaller home. They have near-approval on all levels for a larger house. Thanks for any comments or suggestions.
- Last Post by: timjarvis on 11/21/2009 @ 12:02 PM
By Dick Morris
Anxious to avoid raising taxes too much to pay for their health care proposals, the Obama Administration and its Congressional allies hit on a great new idea: Make the states raise their taxes to fund the program instead.
Both the House and the Senate bills require that states cover a larger percentage of their people under Medicaid – a joint state and federally funded program. The idea was to force the state to raise their taxes to cover a big part of the health care bill for treating poor people. Since the Feds can simply charge any increase in spending to their already overdrawn bank account, but the states have to balance their budgets, the increased state spending for Medicaid will cause sharp increases in state taxes. And the Governors will get the blame, not Obama and not the Congress.
The House bill requires states to give Medicaid to those whose incomes are less than 150% of the poverty level while the Senate requires coverage up to 125%. For most states, this is a hefty increase.
In some states, like New York, where Medicaid covers everyone making 150% of the poverty level already, there will not be any extra required spending.
But not so in California, which only covers 100% of the poverty level. Were the House bill to pass, the already fiscally beleaguered state would have to increase its Medicaid spending on poor people by 50%, at least an extra $2 billion a year and perhaps more.
In many Southern states, the Medicaid program only covers a portion of those living below the poverty level. For these states, the requirement to cover all those in poverty and then 50% more will cause enormous increases in taxes. In Arkansas and Louisiana, where swing Senators Pryor, Lincoln, and Landrieu come from, the cost could exceed $1 billion for each state each year.
Unfunded mandates for state spending imposed from on high in Washington have always rankled governors. The Senators and Congressmen in Washington get the credit for spreading largesse but the Governors in the states get the blame for the taxes that are needed to pay for it.
Since Democrats currently control the vast majority of governorships, this process of making their own party members take the rap for raising taxes is politically self-destructive in the extreme. But Obama is so desperate to pass his health care legislation that he doesn’t care what havoc in his party he reaps in the process.
The question now is whether the governors of the fifty states, particularly the Democrats, are going to sit idly by and let their budgets be destroyed by the health care bill.
When the Republicans in Congress insisted on tacking big cuts in aid to legal immigrant benefits for disability and other areas onto the welfare reform bill, it was the Republican governors who forced them to repeal the pernicious cuts the very next year. They did not want to have to raise taxes to make up for the withdrawal of federal funding.
Now the Democratic governors face the same situation. If Obamacare passes with its expansion of Medicaid benefits – but with no federal funding of the extra spending – it is these Democrats and their legislatures that will have to bite the bullet and pass new taxes to pay for it.
Since states are already facing mammoth financial problems as a result of dwindling revenues and swelling expenditures in the recession, these additional burdens could be politically fatal. Unless Democratic governors want to avoid the fate of one of their late brethren, former Governor Jon Corzine of New Jersey, whose political career was ended in a blaze of new taxes, they might want to call their buddies in Congress and ask them to lay off the unfunded mandates, particularly during this recession.
- Last Post by: Tsnyder on 11/21/2009 @ 12:02 PM
From the English point of view...
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/6575883/China-has-now-become-the-biggest-risk-to-the-world-economy.html
- Last Post by: assassin17 on 11/21/2009 @ 11:39 AM
finally
last time I saw her complete show was back in late 80s..
- Last Post by: zpaperkid on 11/21/2009 @ 11:37 AM
Pre-Paid Legal Inc. A NYSE Traded Company. Been in business for 30 years.
I have a budget and I'm looking for 75 business minded individuals so I figure Loan Brokers are the best business minded people I know. It's not a get rich quick scheme, it's more along the lines of an steady as you go insurance broker model where you sell this legal insurance product and get paid upfront and a residual each year. You can sell the service nationwide to just about anyone. The cost of the memberships start at $16/mo. who can't afford that?
Sell the service right along side of whatever you are already doing and make some good residual income, about $138 per sale at the level you start at however commissions top out at $252 per file. I'm building a team and will pay for your fast-start program $72.00 (normally $249) ""that I will pay"". I will also put one (1) person under you to advance you to the senior level. Sell the service to your past and present mortgage clients you'll make money on each sale and residuals each year.
I don't earn money bringing associates on board, you only earn money when you sell a membership to a prospective client. So don't think I'm making a living recruiting.
Please respond by calling me at 707-291-0017 or shooting me an email at franciscunnane@gmail.com
You can also check out the programs at www.prepaidlegal.com/hub/francis15
By Joining my team you get use of my predictive dialer if you want to market for your own mortgages or pre-paid legal services to help you be successful. You just have to pay for your own long distance at $.012 per min.
- Last Post by: fcunnane3 on 11/21/2009 @ 11:16 AM
Who are the asset based lenders on Broker Outpost, who can lend against a CD from:
Bank of America, HSBC, or Deutsche Bank.
DELIVERED TO YOUR INSTITUTION OR FUND!
IF YOU ARE NOT WILLING TO LEND FOR THE PURPOSE OF REAL ESTATE CONSTRUCTION, PLEASE GIVE ME A HEADS UP
If you are not a direct lender, do you have great Asset Based lender relationships?
MINIMUM LOAN NEED $10,000,000
- Last Post by: dealmakerz on 11/21/2009 @ 11:12 AM
<font color="red"><i><b><center><font size="4">Often <font color="black">Imitated</font id="black"> - but<font color="black"> Never Duplicated</font id="black"></font id="size4"></center></b></i></font id="red">
<b><center><font size="3">[url="http://tinyurl.com/Broker-Outpost-Member-Pricing"]Real Estate Datalyst.com[/url]</font id="size3"></center></b><hr noshade size="1"><font size="5"><center><b>Commercial Bulk E-mail Campaigns</b></center></font id="size5"><b><center><font size="3">[url="http://tinyurl.com/Datalyst-Campaign-Systems"]Send an E-Mail Campaign - Datalyst[/url]</font id="size3"></center></b>
<font size="4"><center><b>We ARE different from the rest</b></center></font id="size4">
<font size="3"><b></b></font id="size3">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 purchase & download the actual contact databases that we send to.
<font size="3"><b></b></font id="size3"><center>Also, our complete infrastructure is ONSHORE ONLY - we thought you might like that.</center><hr noshade size="1">
<center><font size="3"><i><b><font color="red">HERE'S HOW IT'S DONE</font id="red"></b></i></font id="size3"></center>
<font size="2"><b>E-mail marketing</b></font id="size2"> is how many (if not most) "lead providers" get their info. For the professional marketers it is low cost, immediate, trackable and extremely effective.
You can pay $30 per lead and be forced to buy in quantity, say 50 or so minimum.
That would be $1,500 just to get the same data that might have been sold to 50 other LO's the same week regardless of some "exclusive" offer, depending on how much you trust the particular provider.
<font size="3"><center>Or you can
<i><b><u><font color="red">GENERATE</font id="red"> your own <font color="red">PRIVATE</font id="red"> leads</u></b></i>
by doing the marketing yourself</center></font id="size3">
We have customers every day who do this and they keep coming back, so their business model must be working for them. Many admit they simply cherry pick the leads and then <b>SELL</b> the rest (usually paying for their marketing costs by selling the "unwanted leads").
<font color="red"><b>This works for all lead types</b></font id="red">: purchase & refi, credit repair, debt settlement, loan mods, short sales, recruiting, etc.
E-mail marketing can consistantly work, but it is not for everybody. You can't be shy or afraid about what others may think. It is just business - make a plan and work it.
<hr noshade size="1">
<b><font color="blue">Every day we send:</font id="blue"></b>
<u><b>Plain Text </b></u>- with 40 character hard carriage return format. The choice of serious plain text marketers…You know who you are!
<u><b>Text HTML </b></u>- 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!
<u><b>Graphic HTML </b></u>- 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.
<u><font color="blue"><b>Our current customers are having <i><font color="green">success</font id="green"></i> with</b></font id="blue"></u>:
<b>Building REA relationships</b>
<b>Creating their own exclusive leads</b>
Loans
Loan Mod
Credit Repair
Short Sales
<b>Recruiting LO's</b>
<b>Direct download/view website sales</b>
Subscription websites
Loan rate guides
E-books
Powerpoint, video and other LO training materials
Industry related spreadsheet & database programs
<b><u>Our Campaign setup</u></b>:
1. <font color="blue"><b>Choose a database to send to </b></font id="blue">- 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. <font color="blue"><b>Choose how many messages you want to send </b></font id="blue">- 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. <font color="blue"><b>Message review </b></font id="blue">- 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. <font color="blue"><b>Your review and approval </b></font id="blue">- 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. <font color="blue"><b>Make your campaign purchase</b></font id="blue">- 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.
<font size="4"><center><b><u>Campaign Pricing</u></b></center></font id="size4">
<center>(minimum campaign)
<font size="3">10K messages sent for $75
25K for $129
50K for $199
75K for $249
100K for $299
150K for $379
200K for $449
250K for $519
500,000 for $899
750,000 for $1,130
1,000,000 for $1,350
2,000,000 for $1,950
3,000,000 for $2,650
4,000,000 for $3,350
5,000,000 for $4,050
6,000,000 for $4,750
7,000,000 for $5,350
8,000,000 for $6,050
9,000,000 for $6,650
10,000,000 for $7,150</font id="size3"></center>
<font color="blue"><b>We have bigger discounts </b></font id="blue">for the more aggressive marketers who desire 250K plus – 5 Million messages outbound each month (or each week!).
<font color="blue"><i><b>We also recognize </b></i></font id="blue">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 ($199 for the first one & $139.30 for each of the other four = $756.20) or you could purchase a 250K campaign upfront for $519 and save $237.20 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. We reserve the right to select times of day and to spread certain campaigns across multiple days.
<font color="blue"><b>Target the prospects you really want </b></font id="blue">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. <i>Everybody has their own strategies and methods</i>.
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.
<u><b>Our Campaign Must Haves</b></u>:
1. <font color="blue"><b>Your subject line </b></font id="blue">- 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. <font color="blue"><b>A first & last name </b></font id="blue">- 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. <font color="blue"><b>A valid "reply to" e-mail address </b></font id="blue">- 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. <font color="blue"><b>Your complete message </b></font id="blue">- 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!
<i><font color="blue"><b>Remember, we do not charge extra </b></font id="blue"></i>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.
<font size="4"><center><b><u>Protection for YOU and YOUR Business Domains</u></b></center></font id="size4">
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.
<u><b>NOTE</b></u>: <i>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.</i>
<font size="4"><center><u><b>You have plenty of individual options</b></u></center></font id="size4">
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.
<font size="4"><center><b>Projects take just 1 to 3 business days to plan and execute </b></center></font id="size4">
<font size="4"><center><u><b>It’s as easy as…1 - 2 – 3</b></u></center></font id="size4">
<b>1</b>. 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.
<b>2</b>. 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.
<b>3</b>. We will send you a test message for your approval & then send your campaign.
<font size="5"><center><u><b>Contact us today</b></u></center></font id="size5">
Chris Adams
<b>Support@RealEstateDatalyst.com</b>
- Last Post by: datalyst on 11/21/2009 @ 11:05 AM
<font color="red"><i><b><center><font size="4">Often <font color="black">Imitated</font id="black"> - but<font color="black"> Never Duplicated</font id="black"></font id="size4"></center></b></i></font id="red">
<b><center><font size="3">[url="http://tinyurl.com/Broker-Outpost-Member-Pricing"]Real Estate Datalyst.com[/url]</font id="size3"></center></b><hr noshade size="1"><center><font size="3">WE MINE & SELL OUR OWN DATA - WE ARE NOT DATA RESELLERS…</font id="size3"></center>
<font size="4"><center><b><font color="red">95% </font id="red"><font color="black">E-Mail Address Hard Bounce Free</font id="black"> <font color="red">Guarantee</font id="red"></b></center></font id="size4">
<b><center>We are the <i><font color="black"><u>ONLY</u></font id="black"></i> business that will do <i><font color="black"><u>ALL THREE</u></font id="black"></i> services for you:</center></b>
<b>1.</b> Sell <i><b>e-mail address verified </b></u>contact databases
<b>2.</b> Send your UNSOLICITED e-mail campaigns
<b>3.</b> Data mine websites for you
<center>We are the <b>ONLY</b> service who advertises <b>SUPERIOR E-MAIL ADDRESS QUALITY</b> because…
We are the <b>ONLY</b> service that actually uses our own databases <b>EVERYDAY</b> </center>
<center><b>You <u><font color="red">DESERVE BETTER</font id="red"></u> than resellers – You <u><font color="red">DESERVE REAL DATA</font id="red"></u> from the source</b></center>
<b><center><font size="3">[url="http://tinyurl.com/Broker-Outpost-Member-Pricing"]Real Estate Datalyst.com[/url]</font id="size3"></center></b>
<hr noshade size="1"><font color="red"><font size="5"><center><b><u>YOU WILL ONLY FIND IT WITH DATALYST!</u></b></center></font id="size5"></font id="red">
<center><font size="5"><b>MORTGAGE BROKER &
LOAN ORIGINATOR DATABASE</b></font id="size5"></center>
<center><font size="5"><font color="red"><b><u>COMPLETE 4th QTR 2009 UPDATE</u></b></font id="red"></font id="size5"></center><font size="5">
<b><center><font color="red">371,600</font id="red">+ E-Mail Addresses</center></b></font id="size5"><font size="3"><b><center><font color="green">Only $379 </font id="green">- Broker Outpost Member Price</center></b></font id="size3"><b><center><font size="3">[url="http://tinyurl.com/MB-LO-Database-BO-Discount"]Get your MB-LO Database - Datalyst[/url]</font id="size3"></center></b>
<font size="4"><u><b><center>Hard Bounce Scrubbed and Verified</i></center></b></u></font id="size4">
<font size="4"><b><font color="red"><center><u>THIS IS THE REAL THING</u>!
</center></font id="red"></b></font id="size4"><font size="4"><b><center>YOU WILL NOT FIND A BETTER DATABASE ANYWHERE</center></b></font id="size4"><hr noshade size="1"><center><font size="4"><font color="red">4th QTR 2009 Update</font id="red"></font id="size4"></center>
<center><font size="5"><b>NATIONAL TITLE COMPANY LIST</b></font id="size5"></center>
<b><center><font size="3">[url="http://tinyurl.com/Title-CO-Database-BO-Discount"]Get your Title Company Database - Datalyst[/url]</font id="size3"></center></b><hr noshade size="1"><center><font size="4"><font color="red">4th QTR 2009 Update</font id="red"></font id="size4"></center>
<font size="5"><b><center><u>CALIFORNIA</u> REA JUMBO LIST</center></b></font id="size5">
<center><b><font size="4">This database now has <u>161,400+ contacts</font id="size4"></u>.</b> </center>
<b><center><font size="3">[url="http://tinyurl.com/CA-REA-Database-BO-Discount"]Get your CA REA Database - Datalyst[/url]</font id="size3"></center></b><hr noshade size="1"><center><font size="4"><font color="red">4th QTR 2009 Update</font id="red"></font id="size4"></center>
<font size="5"><b><center><u>FLORIDA</u> REA JUMBO LIST</center></b></font id="size5">
<center><b><font size="4">This database now has <u>150,400+ contacts</font id="size4"></u>.</b> </center>
<b><center><font size="3">[url="http://tinyurl.com/FL-REA-Database-BO-Discount"]Get your FL REA Database - Datalyst[/url]</font id="size3"></center></b><hr noshade size="1"><center><font size="4"><font color="red">4th QTR 2009 Update</font id="red"></font id="size4"></center>
<font size="5"><b><center><u>TEXAS</u> REA JUMBO LIST</center></b></font id="size5">
<center><b><font size="4">This database now has <u>76,200+ contacts</font id="size4"></u>.</b> </center>
<b><center><font size="3">[url="http://tinyurl.com/TX-REA-Database-BO-Discount"]Get your TX REA Database - Datalyst[/url]</font id="size3"></center></b><hr noshade size="1"><b><center><font size="6">[url="http://tinyurl.com/Broker-Outpost-Member-Pricing"]Real Estate Datalyst.com[/url]</font id="size6"></center></b>
<center><font size="5"><b><font color="green">$129.00 </font id="green">- National Title Company Database</b></font id="size5">
<center><font size="5"><b><font color="green">$199.00 </font id="green">- State Jumbo Database</b></font id="size5">
<center><font size="5"><b><font color="green">$379.00 </font id="green">- National MB/LO Database</b></font id="size5">
<b>We have the <u>BEST EVERYDAY prices you will find!</b> </center><center><b>Retail prices</b>:
<font color="green"><b>$199</b></font id="green">-Title Company Database, <font color="green"><b>$329</b></font id="green">-State Jumbo Database & <font color="green"><b>$579</b></font id="green">-MB/LO Database</center>
<b><center>The files can be downloaded by format preference:
Excel 2007 Version or Excel 97-03 Version.</center></b>
<b><font color="blue">BROKER OUTPOST DISCOUNTS!</center></font id="blue"></b> <font color="red"><b>ATTENTION</b></font id="red">: Click the small blue <font color="blue"><b>BO</b></font id="blue"> in the upper right hand corner of our
homepage and you will see the Broker Outpost Special Pricing</center><hr noshade size="1">
We would like to do business with you, so if you have further questions please don't hesitate to contact us.
Thank you and have a great day,
Chris Adams
<font color="blue">support@RealEstateDatalyst.com</font id="blue">
- Last Post by: datalyst on 11/21/2009 @ 11:02 AM
<font color="red"><i><b><center><font size="4">Often <font color="black">Imitated</font id="black"> - but<font color="black"> Never Duplicated</font id="black"></font id="size4"></center></b></i></font id="red">
<b><center><font size="3">[url="http://tinyurl.com/Broker-Outpost-Member-Pricing"]Real Estate Datalyst.com[/url]</font id="size3"></center></b><hr noshade size="1"><center><font size="3">WE MINE & SELL OUR OWN DATA - WE ARE NOT DATA RESELLERS…</font id="size3"></center>
<font size="4"><center><b><font color="red">95% </font id="red"><font color="black">E-Mail Address Hard Bounce Free</font id="black"> <font color="red">Guarantee</font id="red"></b></center></font id="size4">
<b><center>We are the <i><font color="black"><u>ONLY</u></font id="black"></i> business that will do <i><font color="black"><u>ALL THREE</u></font id="black"></i> services for you:</center></b>
<b>1.</b> Sell <i><b>e-mail address verified </b></u>contact databases
<b>2.</b> Send your UNSOLICITED e-mail campaigns
<b>3.</b> Data mine websites for you
<center>We are the <b>ONLY</b> service who advertises <b>SUPERIOR E-MAIL ADDRESS QUALITY</b> because…
We are the <b>ONLY</b> service that actually uses our own databases <b>EVERYDAY</b> </center>
<center><b>You <u><font color="red">DESERVE BETTER</font id="red"></u> than resellers – You <u><font color="red">DESERVE REAL DATA</font id="red"></u> from the source</b></center>
<b><center><font size="3">[url="http://tinyurl.com/Broker-Outpost-Member-Pricing"]Real Estate Datalyst.com[/url]</font id="size3"></center></b><hr noshade size="1">
<font size="3"><font color="red"><i><b><center>HERE'S HOW IT'S DONE</center></b></i></font id="red"></font id="size3">
<font size="2"><b>E-mail marketing</b></font id="size2"> is how many (if not most) "lead providers" get their info. For the professional marketers it is low cost, immediate, trackable and extremely effective.
You can pay $30 per lead and be forced to buy in quantity, say 50 or so minimum.
That would be $1,500 just to get the same data that might have been sold to 50 other LO's the same week regardless of some "exclusive" offer, depending on how much you trust the particular provider.
<font size="3"><center>Or you can
<i><b><u><font color="red">GENERATE</font id="red"> your own <font color="red">PRIVATE</font id="red"> leads</u></b></i>
by doing the marketing yourself</center></font id="size3">
We have customers every day who do this and they keep coming back, so their business model must be working for them. Many admit they simply cherry pick the leads and then <b>SELL</b> the rest (usually paying for their marketing costs by selling the "unwanted leads").
<font color="red"><b>This works for all lead types</b></font id="red">: purchase & refi, credit repair, debt settlement, loan mods, short sales, recruiting, etc.
E-mail marketing can consistantly work, but it is not for everybody. You can't be shy or afraid about what others may think. It is just business - make a plan and work it.
<hr noshade size="1">
<center><font size="4"><font size="5"><b><font color="black">REAL ESTATE AGENT CONTACT LISTS</font id="black"></b></font id="size5"></font id="size4"></center><font size="5"><b><center><font color="red">Marketing databases - All 50 states</font id="red"></center></b></font id="size5">
<font size="1"></font id="size1"><b><font size="5"><center>Real Estate Datalyst</center></font id="size5"></b>
<font color="red"><font size="4"><center><b>COMPLETE 4th QTR 2009 Update</b></center></font id="size4"></font id="red">
<center><font size="3">http://tinyurl.com/Broker-Outpost-Member-Pricing</font id="size3"></center>
<font size="1"></font id="size1"><b><center><font size="4">ALL DATABASES - <font color="red">IMMEDIATE DOWNLOADS</font id="red"> - NO WAITING</font id="size4"></center></b><hr noshade size="1"><font size="4"><b><center><font color="red">***</font id="red">We can <u>send</u> your e-mail messages too<font color="red">***</font id="red"></center></b></font id="size4"><center><i><font size="4">Small Drip Campaigns from 10K per day to </font id="size4"></i></center><i><font size="4"><center>Super Jumbo Campaigns of 5 million per month</center></font id="size4"></i><hr noshade size="1">
<b><font size="4"><center><u><font color="red">371,600+</font id="red"> E-mail addresses</u> for [i]Mortgage Brokers/Loan Officers</i></center></font id="size4"></b><font size="3"><center>http://tinyurl.com/MB-LO-Database-BO-Discount</center></font id="size3">
<b><center><font size="4"><u><font color="red">1.09 MILLION+</font id="red"></u> REAL ESTATE CONTACTS NATIONALLY!</font id="size4"></center></b><font size="3"><center>http://tinyurl.com/National-REA-BO-Discount</center></font id="size3">
<font size="3"><center>Full Name - Business Name - Mailing Address - City/Town</center></font id="size3"><font size="3"><center>State - Zip Code - Phone Number</center></font id="size3"><font size="4"><b><center>E-MAIL ADDRESS</center></b></font id="size4">
<font size="2"><b><center>Databases are <u>updated at least quarterly</u> for superior e-mail deliverability</center></b></font id="size2">
<font size="4"><b><font color="green">$49 - $129 </font id="green">- Individual State Lists</b></font id="size4">
<font size="4"><b><font color="green">$199 </font id="green">- Jumbo State Lists</b></font id="size4">
California - 161,400+
Florida – 150,400+
Texas – 76,200+
<font size="4"><b><font color="green">$529 </font id="green">- National Real Estate Agent Database</b></font id="size4"><hr noshade size="1"><center><font size="4"><font color="red">4th Quarter 2009 CA Update</font id="red"></font id="size4"></center>
<font size="5"><b><center><u>CALIFORNIA</u> REA JUMBO LIST</center></b></font id="size5">
<center><b><font size="4">This database now has <u>161,400+ contacts</font id="size4"></u>.</b> </center>
<center><font size="3">http://tinyurl.com/CA-REA-Database-BO-Discount</font id="size3"></center><hr noshade size="1"><center><font size="4"><font color="red">4th Quarter 2009 FL Update</font id="red"></font id="size4"></center>
<font size="5"><b><center><u>FLORIDA</u> REA JUMBO LIST</center></b></font id="size5">
<center><b><font size="4">This database now has <u>150,400+ contacts</font id="size4"></u>.</b> </center>
<center><font size="3">http://tinyurl.com/FL-REA-Database-BO-Discount</font id="size3"></center><hr noshade size="1"><center><font size="4"><font color="red">4th Quarter 2009 TX Update</font id="red"></font id="size4"></center>
<font size="5"><b><center><u>TEXAS</u> REA JUMBO LIST</center></b></font id="size5">
<center><b><font size="4">This database now has <u>76,200+ contacts</font id="size4"></u>.</b> </center>
<center><font size="3">http://tinyurl.com/TX-REA-Database-BO-Discount</font id="size3"></center><hr noshade size="1"><center><font size="4"><font color="red">4th Quarter 2009 Update</font id="red"></font id="size4"></center>
<center><font size="5"><b>NATIONAL TITLE COMPANY LIST</b></font id="size5"></center>
<center><font size="3">http://tinyurl.com/Title-CO-Database-BO-Discount</font id="size3"></center><hr noshade size="1"><font size="6"><font color="blue"><center><b>www.RealEstateDatalyst.com</b></center></font id="blue"></font id="size6">
<font size="3"><b><center>These are <font color="green">BROKER OUTPOST MEMBER</font id="green"> Prices</center></b>
</font id="size3"><font size="3"><b><center>We have the <font color="red">LOWEST EVERYDAY PRICES </font id="red">you will find!</center></b></font id="size3"><font size="2"><center><b><u>Retail pricing[/u]</b> - <font color="green"><b>$79 - $229</b></font id="green"> per State Database (<font color="green"><b>$329</b></font id="green"> Jumbo) & <font color="green"><b>$879</b></font id="green"> for the National Database </center></font id="size2"><font size="2"><center>The databases are formatted in Excel
Our website has easy .csv & text conversion instructions if needed</center></font id="size2"><hr noshade size="1">We would like to do business with you. Visit our automated website for more info.
Please don't hesitate to contact us with any questions you may have.
Thank you,
Chris Adams
<b>Support@RealEstateDatalyst.com</b>
- Last Post by: datalyst on 11/21/2009 @ 11:02 AM
<h3><font color="blue">As you speak with commercial clients keep in mind that many small business are struggling to obtain needed working capital from the banks. Company was once bank eligible but not anymore because of strict guidelines. We can offer the following unsecured loan or signature Loan. We have option for your commercial clients for fast working capital.
USE FUNDS for any Business purpose. Working capital, inventory, upgrades, payroll, equipment, pay taxes, short term loan before RE transaction completed. </font id="blue"></h3>
<b>Need Some FAST Working Capital?
THIS IS THE FASTEST (NATIONWIDE) CASH SOLUTION ON THE MARKET TODAY.
This private business loan was formed to bridge the gap between products offered by banks and factoring/cash advance companies.</b>
No Real Estate, No Equipment, No Invoices.
Almost All industries Accepted.
Private Loan enables small businesses to use the strength of their cash flow to manage their demands for needed capital.
Unsecured Loan works with businesses considered marginal or too risky for banks, approving clients up to 120 points outside a traditional bank's FICO score cutoff. LOW FICO OK. 550+ FICO
Loans between $5,000 and $100,000. (larger amounts available case by case)
LOW FICO DOWN TO 520 ON STRONG MONTHLY SALES OF COMPANY $15K+ monthly and other min conditions.
<b><font color="red">THIS IS NOT A MERCHANT CASH ADVANCE. RATES ARE MUCH LOWER THAN MERCHANT CASH ADVANCE
IF YOU QUALIFY FOR BANK LOAN Go to Bank.
If you do not qualify or do not have the time for Bank red tape then contact us.
NO Tax Returns, No Financials, No Red Tape.</font id="red"></b>
View the program online for more information
WE JUST FUNDED ANOTHER ONE 10 days to FUND small company in Northern Colorado, $30K.
Could not get funding at bank and the other sources could not close fast enough!
<b>WE DO WORK WITH BROKERS. YOU SUPPLY NAME WE DO ALL THE WORK AND PAY YOU WHEN DEAL FUNDS.</b>
<b>We Recently FUNDED a Large Manufacturer in CA for $50,000 funded in 5 days!
WE recently approved Gas Stations for $75,000. </b>
email info@omegafund dot com for more information
Or view us online for all the information
OTHER PROGRAMS AVAILABLE ALSO PER THE BUSINESS SITUATION.
<b> Omega Funding, Inc
info@omegafund dot com
Office: 720-279-4345
Apply Online
http://www.omegafund.com </b>
WE ALSO PROVIDE:
-Commercial Hard Money
-Raw Land Loans Case by Case in Texas, Colorado, and California and other case by case
-Unsecured Commercial Lines
-Business Loans
-Invoice Factoring | Secured Lines of Credit
<font color="blue"></font id="blue">
- Last Post by: omegafunding on 11/21/2009 @ 10:48 AM
Name your favorite or most hang out Sports Bar.
Do you like their food? Services? Is it expensive or reasonable?
- Last Post by: dealmakerz on 11/21/2009 @ 10:44 AM
http://www.atr.org/userfiles/111809pr-comptaxreid(2).pdf
- Last Post by: Mandyvilla on 11/21/2009 @ 10:23 AM
Well, not great, but necessary unless you want to give back the gains you worked so much harder for already this year...
Especially in a year where many are concerned with how they will still give their loved ones a happy holiday season(people don't want to sacrifice if they don't have to, young kids just don't understand), now is the time you can make their holiday season by [hopefully] allowing them to skip December's payment and use it for their holidays by getting in touch with them NOW and getting the process going!...Even knowing they will have a lower payment in January may make their holiday season better and worth doing business now!...
If you thought the last few months were tough, you may just have to work a little harder over the next month to achieve the same results...You want to make sure you don't lose the momentum and everything you worked so much harder for already this year, nature of the beast, work with it or blame it...
I realize it seems like everyone and everything is working against us but I hope everyone finishes out the year strong and hits 2010 running!...Still being here is saying something after what you've been put thru this year...
- Last Post by: scottymac35 on 11/21/2009 @ 10:12 AM
Hey guys I have been back and forth over this new 2010 cybor super disclosing good faith estimate. I have NO problem with properly disclosing my borrowers but I have nightmares about giving them 3 page document up front that i KNOW will confuse them. My question is how can I go about giving them a loan break down not calling it a gfe and not putting myself into hot water.....any takers?
- Last Post by: nowbroker on 11/21/2009 @ 10:06 AM
I'm dealing with Reverse It and I'm looking for somebody new.
- Last Post by: fundid on 11/21/2009 @ 09:49 AM
Hey all, haven't done very many of these stimulus loans, so I'm probably asking a dumb question here.....got a borrower with MI on his current Freddie loan. Seems that no one will do the Freddie Open Access where the current loan has PMI unless they already service the loan. Is there any lender that will do this that I've missed? Thanks.....
- Last Post by: KLandis on 11/21/2009 @ 09:10 AM
I came across an old thread about marketing to Realtors. One of the posts from "smoothlid" aka Jeff Coon a branch manager for Freedom Financial in New Jersey was so insightful I thought I would re-post for those of you looking for Realtor business:
original post 9-7-2008:
"We figured out that working with local RE agents is best way for our office to thrive now & down the road.
We have done it all "in house".
You don't need to buy a "system" to get organized & create partnerships with local agents,
Do it yourself.
All it really takes is going back to basics, & investing in some quality hard work, and don't expect results overnight. It takes a little time to build.
Here are some tips that can help you.
Figure out what the agents need:
1. they want you to be accessible. All the time, really.
2. they want you to know what you are doing. Not your manager, not your processor, YOU.
3. They want you to communicate & keep everyone informed.
4. They need help with advertising, & marketing.
5. They want you to help them keep their clients loyal, just like you want them to do for you.
6. They want you at the closing ( this is soooo easy, )
7. They want a "REAL" pre-approval, run DU, pull credit, review income & assets, etc.
8. They want you to help structure the offer ( explain & suggest seller concessions, DPA, reserves, etc.)
9. They need education on the current state of the mortgage market & process.
10. They want to trust you, so don't make them look bad, or gouge.
Now, most if not all of those items above cost nothing. ( DU & Credit aside) Here are some items where you need to spend a little.
1. Help them market. What is their product? It is the listing & themselves( their service) They need nicer flyers, (in color), & glossy, folders, pens, pads, promotional items. You see these everywhere already, why aren't you investing in this stuff to give out? You can charge them a nominal fee for cost of printing & paper for the % of space dedicated to them to remain RESPA compliant.
2. Help them ( & yourself) advertise. RE ads are cheap. Get in on the action by taking a piece of the ad space & paying for your space. Offer creative concepts & ad design. This is easy to do, & is RESPA compliant if you pay for yours & they pay for theirs.
3. Piggyback on their Farm mailers & help pay postage. Get the local Pizza guy or dry cleaner to pony up & include his coupons, too...bring down the cost of their mailing with this simple trick.
4. Sponsor Broker Open houses for them. ( what better way to make the agents COME TO YOU?) It costs @ $75 to do a nice broker open. ( tray of wraps, chips, cookies, soda/water) Meet anywhere from 3-30 agents you can start a relationship with, & it takes 2 hours.
( even better, use the agent roster, get email addresses, buy a email product like the Xsellerate from A la mode, & email blast 1000 agents in a day with broker open invites. This takes you to a new level, & is a great tool... COST? @ $150 yr.)
Here's a freebie. WORK SUNDAY. spend time at your new agents' open house. get to know them. 3 hours of face time? for FREE? are you kidding???
If you don't have an open house, go find some. Introduce yourself. Drop off some goodies. Show off samples of flyers, & promotional stuff you have developed. Make follow up calls & appts to meet again.
hit 6 of em in a Sunday, & in 2 hours, you will have a new agent, almost every time. --I met one particular agent this way last year, & have closed 8 deals with her so far, & she introduced me to 2 other agents. This from a 10 minute cold call. You just have to be different than the avg LO.
Another Freebie, develop a distribution list in your email program, & once a week email something topical & useful, like details of the $7500 tax credit, or how to write an offer with a sellers concession, & the limits for different loan types, etc...include a "gentle" reminder of your services & incredible 24/7 availability.
We have tweaked & adjusted our approach to the point where I can get as many agents to work with me as I want. I'm not kidding. My biggest problem at this point is handling them all. They all want/ need something ( they can be high maintenance ) & I am constantly doing pre-approvals & consults, broker opens, closings, etc. I had to finally hire a f/t processor so I can spend more time managing my referral relationships. I'm not posting everything I do in this forum, but if you want to ask me more, email me & I'll call you.
My goal?
Simple. Here's my formula.
An average agent should send me 4 loans a year. ( yup, that's it. don't expect more, although this is an AVERAGE, so some heavy hitters will send you lots more, & some will call you for only an occasional hard loan)
So, if I want to close 80 loans this yr from this source, I need @ 20 agents. Once I get 20 agents, I want to add better ones & drop ones I don't like or need.
If I can gross @ $5,000 a loan, & I can close 80......you do the math based on your own split.
[i]You can have 20 agents in 6-9 months.
Once you have them, stay in front of them, & defend your territory. Make it an easy decision to use you. Provide the gift of knowledge, & be the expert they need. Make them sell you. Make them want to.
A couple last things:
DO NOT bring Donuts to the office. I don't go to the offices, it is a waste of time. They are not there. If they are, a receptionist will prevent you from gaining entry. They will throw your cards & rate sheets in the big pile of other useless stuff, & eat your donuts.
They don't care about your rates, as long as they are competitive, & you have loan programs to meet the buyers needs. If you meet an agent that is constantly wanting to know what you charge, tell them to beat it. You don't need them. They sell the house, you sell the loan. Period.
Don't promise something you cannot do. Ever.
Don't bad mouth the current mortgage relationship ( oh yeah, they have one, if not more than one)
Just position yourself as someone looking for the right to HELP THEM WITH THEIR BUSINESS. Ask what they need, & see if the other guy is doing it, if not, there is your way in.
Good luck!"
I was so impressed with these simple yet effective techniques that I called Jeff to gain even further insight. We had a great conversation in which he shared a few more of his methods to success over the phone.
Thanks for the great advice, Jeff. I hope this information will help otters looking to open the door to Realtor business.
- Last Post by: fleming65 on 11/21/2009 @ 08:38 AM
Hello everyone,
i apologize ahead of time if this is a stupid question. but i wanted to know if every new licensed LO(new with no experience) that started day 1 on the job was making cold calls? and nothing but cold calls? basically starting off as a (licensed telemarketer). or, if your experience and training was different, i'd like to hear your experience. thanks.
- Last Post by: truthlend on 11/21/2009 @ 08:27 AM
Residential & Commercial. No land, will consider prime commercial lots. Loans from $80K to $500K. Residential LTV's to 65% (no-rehabs), commercial LTV's to 55%. 20-yr am, 7-yr balloon,6-mo PPP. Asset based loans...No credit check. Quick closings. Houston Metro area only!
Godfrey Forrester
713-784-7676
www.HoustonMoneyMan.com
- Last Post by: fo11ester on 11/21/2009 @ 07:15 AM
Generate <font color="red">free</font id="red"> direct traffic that yields <b><font color="blue">exclusive leads</font id="blue"></b> for your business.
The internet can provide a never ending supply of exclusive leads for your business. In a very short time your site should be producing hundreds of leads monthly through online loan applications, phone calls, and live chats through your site (if you choose to use it). We have been providing site designs to brokers on the Outpost for over a year!
<center><h1><font color="blue"> WEB SITE PACKAGES</font id="blue"></h1></center>
<b><font color="blue">PACKAGE 1: Basic Site</font id="blue"></b>
<font color="red">Price: $400
Includes:</font id="red">
<ul>
<li>Professional custom Graphic design|Custom Logo Design</li>
<li>Up to eight pages</li>
<li>One custom full Lead Capture Form</li>
<li>One custom Pre-Qualify Form</li>
<li>Full On page Search Engine Optimization</li>
<li>Mortgage payment calculator</li>
<li>Free demo, training and support</li>
<li>Basic Live Chat:
- Only one chat open at a time
- One operator client</li>
</ul>
<b><font color="blue">Package 2: Full Site</font id="blue"></b>
<font color="red">Price: $800
Includes:</font id="red">
<ul>
<li>Professional custom design (flash animation included)|Custom Logo Design</li>
<li>Unlimited pages</li>
<li>Unlimited Custom Secure Lead Capture Forms | Custom Quick Application Forms</li>
<li>Daily Updated Rate Feed</li>
<li>Registration\Login functionality for your users</li>
<li>Allow your clients,realtor partners,appriasers,and processors to Check/update the status of their loan with built in tracking system easily updated from your administration panel</li>
<li>Search Engine Optimization Tools</li>
<li>Mortgage Marketing Services</li>
<li>10 Mortgage Related Calculators</li>
<li>Fully Integrated Mortgage Blog</li>
<li>Professionally-written mortgage related content pages</li>
<li>Fully Integrated Live Chat Functionality (THIS WILL HELP CONVERT VISITORS INTO LEADS
- Unlimited chat Operators
- Operator to Operator transfer of live chats
- Operator to Operator instant messaging ability
- Audio and Video notification when a visitor arrives on your site
- Detailed real time info about where visitor came from, what keywords they used to find your site, and where they are located, etc..
- Ability to see what pages they are viewing
- <b>REQUEST CHAT WITH YOUR VISITORS. No need to wait for your visitors to do something, you can actually initiate a live chat with people on your site in real time</b>.
</li>
<li>Admin Panel give you full access to update all aspects of the site (user friendly)</li>
<li>Free demo, training and support</li>
<li>Free hosting</li>
<li>A 2nd Website Design at 1/2 off</li>
</ul>
- No matter which package you chose you have full control over color, overall design, and graphics used for your site
- We can host your site and provide 99% up time for $6/month through our hosting company BurnHOST
<center><h1><font color="blue">ONGOING MONTHLY Search Engine Optimization SERVICE INCLUDE</font id="blue"></h1></center>
- NO upfront fees!
- NO long term contracts!
[url="http://www.burnseo.com/search-engine-optimization-seo-38.html"]search engine optimization[/url] is the process of manipulating your website, it's content, and other outside factors in an attempt to be recognized as an authority website by Google, MSN, Yahoo, and other search engines. These search engines then display your website for your targeted keywords in their users search results. The number one goal of search engine optimization is to become on the first page or even the number one search result for your target keywords.
<ul>
<li>submission to all major search engines</li>
<li>relevant link exchange program</li>
<li>Directory Submissions</li>
<li>press releases</li>
<li>Article submissions</li>
<li>Social Media Marketing</li>
<li>Online Reputation Management (Twitter, Facebook,etc..)</li>
<li>Weekly Analytics reporting</li>
<li>Weekly Keyword Ranking reporting</li>
<li>additional services as required</li>
</ul>
Visit us on the web and view some of our [url="http://www.burnseo.com/search-engine-optimization-seo-38/seo-case-studies.html"]case studies[/url] and see samples of our [url="http://www.burnseo.com/website-design/web-design-portfolio-81.html"]design portfolio[/url].
If you have any questions or just want an opinion don't hesitate to call or contact us directly through the Broker Outpost!
- Last Post by: jimguerr on 11/21/2009 @ 07:13 AM
Anyone still doing these?
- Last Post by: rainmand on 11/21/2009 @ 07:03 AM
Going Rogue: An American Life
by Sarah Palin
Amazon.com Sales Rank: #1
The Good Fight
by Harry Reid
Amazon.com Sales Rank: #577,344
Blind Trust
by Barbara Boxer
Amazon.com Sales Rank: #109,676
Dreams from My Father
by Barack Obama
Amazon.com Sales Rank: #2,926
This Moment on Earth: Today's New Environmentalists and Their Vision for the Future
by John Kerry and Teresa Heinz
Amazon.com Sales Rank: #926,597
Know Your Power: A Message to America's Daughters
by Nancy Polosi
Amazon.com Sales Rank: #63,239
- Last Post by: VVance on 11/21/2009 @ 06:59 AM
<center><b>I've maintained a thread here since Nov 06!</b>
<b>*Recent testimonials at end of thread!!
CHECK PAGE 3 FOR TELEMARKETED LEADS INFO!</b></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...<b>No member has more threads started with his name in the subject and none are complaints!</b>...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><b><font size="3">VOICE BROADCASTING!</font id="size3">
<font color="green">"The Green Lead...Earth Friendly & Paperless"</font id="green">
<font size="2">PRICES ALL INCLUSIVE, NO ADDS OR FEES!
<font color="red">Current "JULY" special:
Buy 2000 contacts and get 2000 FREE!
That's 2 full days for $250 with over 4000 people
within your "specific" target getting your information!</font id="red">
1/3 the cost of mail s my prices include the data!</font id="size2">
<b>We only call those in FHA or VA mortgages NOW(or specific target), no phone book hunting!</b>
*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></b>
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 11/21/2009 @ 06:56 AM
<b>I have signed up with the bureaus to get nothing but DAILY trigger, <font color="red">no old or aged(resold) crap</font id="red">...</b>
<font size="4"><b><center><font color="red">LOWEST PRICES ON THE OUTPOST!
Compare and save!</center></font id="red">
<font color="green">500 - $0.65ea - $325 <font color="red">COMPARE & SAVE!</font id="red">
1,000 - $0.62ea - $620
2,500 -$0.60ea - $1500
5,000 -$0.50ea - $2500
10,000 - $0.45ea - $4500</font id="green"></b></font id="size4">
<b>You choose the filters, days you want them and how many you want each day!
<center>All filters available!
Good for mailing or calling!
Call for details!</center>
<font color="blue">Some love them, some hate them, if you love them, our low overhead allows us to offer them to you for the lowest price on the Outpost!</font id="blue"></b>
See other thread for ways to maximize your data:
http://www.brokeroutpost.com/loans/brokers/forum/topic.asp?TOPIC_ID=258434
- Last Post by: darkstar on 11/21/2009 @ 06:56 AM
<b>TOP 20 WHOLESALE LENDERS - WEST COAST</b>
Just wanted to get your ideas about who is out there funding loans.
Who is dong a good job.
I want name of Company, Rep Name, Phone #, What kind of loans they do, and why they are great.
(Please no voting for yourself wholesale lenders... If your good tell one of your brokers to post.)
- Last Post by: samman5150 on 11/21/2009 @ 06:51 AM
It just magically appeared after her meeting with Reid, amazing!
Don't you wish your senator held out for a deal before giving away his/her vote?...Do you even think this was an attempt to buy a vote?...Nah, in an admin so against the status quo and for change, couldn't happen...Could it?
Looks like the bill can't stand on it's own merit and they need to go back to SOPs in D.C. to get it thru(if), sad for something so big that will impact EVERYONE...
- Last Post by: benjamin on 11/21/2009 @ 06:45 AM
Maybe I'm just out of touch, but has anyone heard that FHA streamlines are going away as soon as January, 2010? With values sagging, the streamline with no appraisal has been a help.<b></b>
- Last Post by: KLandis on 11/21/2009 @ 06:24 AM
A quick note Check this video out and see how you can generate free purchase leads daily.
http://mtgbroker.freebizoffers.com/traffic.html
Listen in to these two specific cold calls visit the link below the password is mortgage. Hopefully these few calls will give you a few ideas to help capture potential consumers and make them your clients. FREE ACCESS! If you would like to hear more scripts over the phone please comment and I will release more cold calling scripts.
PASSWORD IS mortgage
http://mtgbroker.freebizoffers.com/coldcalling.html
- Last Post by: mjparker78 on 11/21/2009 @ 06:10 AM
Out hitting heavy things? Traffic(on this site) seems slower as of late, are fellow LO's seeing a pickup or slowdown in business as of late?
- Last Post by: clarenceworley on 11/21/2009 @ 05:16 AM
The 2nd Quarter of 2009 indicated limited but welcome evidence that a number of commercial non-bank lenders are cautiously regaining their appetites for the RIGHT deal.
However, the impact of failed loan distress on Capmark Financial, one of the Nation's largest commercial lenders with a reported $2.2-BILLION of first Q '09 losses caused by borrower defaults (2nd Q evidenced close to another $700-million of defaults)has already cautioned most lenders to exercise extreme caution in how they evaluate risk.
Now add in the problems facing CIT, Fortress, Corus Bank and the liquidiation of Silverton Bank and you can understand why many commercial lenders are only approving truly "gold-plated" deals with much tougher restrictions.
Only the best "quality" deals will be approved and commercial brokers would do well to take time to really evaluate the opportunities they are presented with BEFORE submitting to a lender. Do not provide your client, whether seeking to finance a purchase, obtain a refi or secure a commercial construction loan with an unrealistic "opinion" with regard to % LTV or % LTC... rates or points until you know the FACTS.
Today, "He who has the gold REALLY DOES R-U-L-E" as never before. Also, many clients still believe that an existing appraisal conducted in 2008 or early '09 will be accepted by a lender. WRONG! Most lenders want a current MAI Certified appraisal and, at best, MAY agree to having a 4-6 month old appraisal re-certified by the originating appraiser IF that Company is on their approved list.
In most metro markets, values established in 2008 will have fallen by between 20%-30%. Commercial income producing properties (office and retail) are mostly reflecting 10%-25% vacancy factors which of course means that ability to achieve the debt to income ratios
required by lenders is impacted.
"I am looking for a non-recourse loan!" Forget it. 99% of commercial lenders will be requiring personal guarantors on their loans.
"I want bank terms on my loan!" Forget it. Educate your client about today's realities which means Prime plus 3+ on EXCELLENT deals and 2+ lender points.
"I won't pay any front fees!" Forget it. 99% of commercial lenders will require a "lock fee" of between 0.15% and 0.25% payable when the client accepts the LOI.
"I need 90% LTV!" Forget it. 60% - 75% LTV is the new reality. On construction-to-mini perms think in terms of 60%-65% of cost. Maybe the possibility of a 5% "equity / mez" kicker which will cost the client around 18% + 4-5 Pts.
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 11/21/2009 @ 04:54 AM
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 11/21/2009 @ 04:53 AM
I have a few great deals in NY that I would like to share with all of you. Please read below and if you know anyone interested , please get in touch with me.
Thanks,
1.) EASTSIDE OF MANHATTAN - Non Performing Note
Condo / Hotel - 65% Complete (If completed as a Condo you get 80 Condos, If a hotel you get 205 Rooms)
17 Stories - 122,000 SFT
In the foreclosure process, has another 6 months to go
Un Paid Balance - 84 Million
Purchase Price - 40-50 Million
Direct from the Bank
2.) MANHATTAN OFFICE BUILDING - 8.5% CAP RATE
Office Bldg - all commercial tenants with 10 year leases (They are in their 3rd year of the leases)
10 Stories - 187,000 SFT & 9,000 SFT of Retail
Developer - Gary Burnett
Was asking 100 Million and it has been discounted to 83 Million for a quick sale.
Direct with seller
These are directly from the Law Firm I am contracted with.
Call or email me with any questions.
Sebastian Rusk
786-273-7875 direct
sebastian@rusk.com
- Last Post by: srusk23 on 11/21/2009 @ 04:31 AM
Kayne Consulting works directly with a Law Firm to custom tailor all of your REO and Bulk Package deals.
This Law Firm is REAL, no wasting time with fake offers...it starts with an NCND, LOI and then we come back to you with a custom list based on your criteria.
We work with Buyers and Sellers and our Law Firm is Direct.
Call or email me directly for details.
Sebastian Rusk
786-273-7875 direct
sebastian@rusk.com
sebastian@rusk.com
- Last Post by: srusk23 on 11/21/2009 @ 04:29 AM
Looking for a California lender that will funded a Conv. 90% LTV Condo Purchase that has been flipped within 90 days. Thanks for your help
Dave
- Last Post by: tom_559 on 11/21/2009 @ 04:25 AM
We are a Houston based mortgage bank. We have openings for successful loan officers with realtor, builder or other referral sources. We have our own in-house underwriting, fund our own loans, multi-state licensing (Texas, Oklahoma and Louisiana), competitive rates, and close on time. We offer 24 – 48 hour underwriting. We are actively seeking experienced Loan Originators and Individuals/Groups who want to work as Loan Officers for a company that provides excellent back-end support. Do you want to keep your commission and just pay a per file fee? If you are an experienced originator who wants to work from home, contact us today so we can empower you to be more profitable and take your career to the next level. We are looking for real producers for this opportunity!!!!
BENEFITS:
- FHA/VA Approved (W-2 only, payroll fee will apply)
- USDA
- Commercial
- Reverse Mortgages
- 100% Commission (Per file fee)
- Excellent turn times
- Comprehensive and robust processing mechanism
- No YSP/SRP disclosure
- Excellent back-end support—always accessible. Small company feel.
- Origination in Texas, Louisiana, Oklahoma (subject to licensing requirements)
- Optional ongoing mortgage and sales training
- Autonomy (Build yourself as your brand)
- Flexibility to work from home or your self-provided office
- No sliding scales or quotas
Our ideal candidate is an experienced, high-producer who has a robust network of clients and referral partners.
The minimum requirements to become a Loan Officer with us are:
- At least one year Full Time employment in mortgage origination (willing to train the right people)
- Licensed to originate loans in the state
- Outstanding understanding of the mortgage industry and your local Real Estate market
- Excellent sales and consulting skills
- Knowledge of government lending guidelines
- PC literacy with Word, Excel, E-mail and the internet
- High School Diploma or GED
- Ability to pass a criminal background check
- Start-up Fee of $75 (covers background and credit checks as well as software licensing)
If you are interested please feel free to email me at teflonviper@gmail.com.
- Last Post by: TeflonViper on 11/21/2009 @ 03:49 AM
Can you guys please list any lenders that you know that don't pull credit on the officers during the broker approval process?
Thanks
- Last Post by: laubert on 11/21/2009 @ 03:47 AM
If you are looking for commercial financing and the loan amount is at minimum $2.5M send me a one to two page summary of the projects. The summary must include:
Reason for Loan
Clear Exit Strategy
Strength of Borrower (Liquid/Non-liquid Assets)
Loan Requirements:
Borrower must have skin in the game or willing to put money down
All land must be entitled
LTC 65% Max
Permit ready if construction
Income producing for completed commercial property
Once summary is reviewed by my team we will need to collect conditions before delivering LOC.
Typical timeline if borrower is cooperative 45-60 days.
Kurt Morris
- Last Post by: clarenceworley on 11/21/2009 @ 02:52 AM
I have a client who needs just over a 55% LTV cash-out refi on a beautiful 4 Unit Brownstone in Upper Manahttan, by Columbia University. He needs a no-doc loan. Excellent credit. The appraised value fell just under Emigrant's guidelines(they max at 50% LTV), and he needs a 53% ish LTV plus closing costs.
NOO, extensively rehabbed property over the last 6 years.
The property is beautiful and the appraisal is complete at 1,850,000. Client owes 700k, and needs about 270k cash-out.
Please only reply on this thread if you feel you have a program.
Thank you!
- Last Post by: clarenceworley on 11/21/2009 @ 02:45 AM
In <b>today’s </b>real estate market, it is very important to have a strong internet presence, that is <b>searchable</b> by consumers. I am reaching out to you on behalf of <b>Activerain </b>to see if you are familiar with the <i>"Rainmaker</i>" Program. <i>ActiveRain</i> is the largest real estate social networking site in the world.
I have successfully increased my business <b>over 50%</b> over the past year by using blogs to increase my internet exposure, and became an ActiveRain Confirmed Loan Officer to spread the word about their blogging program. I would like to show you how you too can market your listings and generate buyers as well. I can give you some google searches where I appear on the first page of google.
<b>I can offer you a <i>1 month trial for just $5</i> to see how activerain can work best for you</b>, and I can help you write several blogs which will increase your internet presence and hopefully get you on the <i>first page of google </i>as well. Key into your browser after initial registration and logging in: <b>http://activerain.com/promo_upgrade/mbyrne </b>The monthly fee after the first month is $39, if you wish to continue. As an activerain confirmed loan officer, I have received training on internet searches and am willing to be your personal internet coach once you have upgraded to help you take full advantage of the system.
Thank you!
- Last Post by: clarenceworley on 11/21/2009 @ 02:25 AM
I have been using a website software/subscription to create websites for real estate agents' listings. Since I use and see the value in the service, I became a sales affiliate. The websites then get submitted to Craigs-List every 4 days or so, as well as several other real estate listing sites such as Trulia, Zillow, ELooky Loo etc. I then solicit agents who have listings to help them with 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 the sites I create for them.
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 agents.
The service is relatively inexpensive monthly and allows for up to 150 websites to be created. 1 loan a year pays for the service.
My sites average 25-35 hits a week and have 9 top agents signed up and 63 sites going. It is a great system.
The current cost is $249/month for up to 150 websites. Personal success coaching and free and/or low fee time trials available.
Check it out:
http://www.domoreloans.com/e_testimonials.htm?refid=naitch6203
- Last Post by: clarenceworley on 11/21/2009 @ 02:24 AM
What the heck is this .
there are so many count done on so many website.
have alook
http://www.2012supplies.com/countdown.html
- Last Post by: milehimagic on 11/20/2009 @ 11:56 PM
Income on tax return for 2007 was $669,000 and income for 2008 was $661,000.
The underwriter says FHA will not allow declining income to be used.
Is this really declining income? What can I do?
- Last Post by: financebiz on 11/20/2009 @ 8:56 PM
I have yet to ask my wife what her reaction is to the recommendation but mine is simply confusion. I will absolutely understand any woman's anger and frustration with the confusion that surrounds breast cancer. That said, all I see is a recommendation. One that includes encouraging women to consult with their doctors as they should always do. What is so wrong about that recommendation?
----------------
Task Force Member Defends Mammography Guidelines
Meanwhile, three doctors weigh in on what women should do about the new recommendations
Posted November 19, 2009
By Kathleen Doheny
HealthDay Reporter
THURSDAY, Nov. 19 (HealthDay News) -- Responding to the uproar over revised mammogram recommendations unveiled earlier this week, a member of the independent task force that crafted the recommendations defended them Thursday, saying they were based on the most current, accurate information available.
People Who Read This Also Read
No Immediate Changes Expected in Mammogram Coverage 28973654
Sarah Palin Looking Loony on Oprah Winfrey 28837316
10 Tips for Getting More Financial Aid 28215874
Routine Mammograms Before 50: Not Much Point 28892742
Health Buzz: Panel Doc Says Mammogram Verdict Not About Cost and Other Health News 28956394
Dr. Timothy Wilt, a member of the U.S. Preventive Services Task Force, defended the recommendation that most women don't need to get mammograms in their 40s and should get one every two years starting at age 50. That recommendation runs counter to the American Cancer Society's long-held stance that women should get a yearly mammogram starting at age 40.
The task force's recommendations "were based on the most rigorous peer review of up-to-date, accurate information about the evidence about the harms and benefits of treatment," Wilt said on ABC's Good Morning America, the Associated Press reported.
On Wednesday, U.S. Health and Human Services Secretary Kathleen Sebelius responded to the controversy that followed the release of the task force recommendations on Monday. She said the USPSTF does "not set federal policy and they don't determine what services are covered by the federal government."
Sebelius added that American women should "keep doing what you've been doing for years -- talk to your doctor about your individual history, ask questions, and make the decision that is right for you."
She also said she'd be "very surprised if any private insurance company changed its mammography coverage decisions as a result of this action."
Wilt did not take issue with Sebelius' statement. "Our recommendations support an individualized decision-making process," he said, and each woman still needs to talk with her doctor to make the most informed decision, the AP reported.
For the rest of the article, see [url]http://tinyurl.com/yzpdj9n[/url]
- Last Post by: CoolMtgGuy on 11/20/2009 @ 8:15 PM
Wow!
http://tinyurl.com/ye8bbeh
- Last Post by: homebroker@sbcglobal.net on 11/20/2009 @ 7:39 PM
It seems like a lot of the purchases I end up doing go past the closing date. Sometimes it is the customer who has delayed getting me documents or it is the real slow turn around time of the underwriters. Everytime this happens everyone seems to go bananas and they call me 35 times a day even though I always tell them I will call as soon as I hear something. Sometimes the realtor will call 30 minutes after her last call and ask if I heard anything. I feel like saying "Yeah I heard something an hour ago, I just didn't tell you!", but I don't say really say that. These people must think we are just sitting on our hands over here. Jeez. The deadline with these purchases makes things stressful sometimes.
- Last Post by: smoothlid on 11/20/2009 @ 6:42 PM
The U.S. economy is in uncertain times. <b><font color="red">Analysts are split between those seeing recovery and those fearing a second downturn. This confusion is being echoed in the highest levels of government as President Obama simultaneously speaks about the need for more federal spending and warns of the dangers of increased debt. As the volatile markets indicate, investors are not only confused – they are seriously concerned.</b></font id="red">
<font size="3"><b>The country appears to be going through a period of buyer's remorse over the election of Barack Obama. The majority cobbled together by the President one year ago included the Democratic base, independents hoping for “change,” and many disaffected Republicans betrayed by the Bush Administration's big-government neoconservatism. It is unlikely that most of these voters favored an overt push toward socialism; however, this is what they have received. As the 'tea parties' illustrate, voters are not only confused – they are seriously concerned.</b></font id="size3">
These concerns are justified. <b>The Administration's hard-left turn was evident from the outset. Ignoring expert advice to spend on job-creating infrastructure, Obama spent wildly on entitlements. Now, with rising grassroots discontent, a falling currency, and threats to America's AAA credit rating, there is some evidence that the Administration is trying to hedge its bets through tough talk. Yet, they still have not taken any tough action.</b> As their gold stockpiling highlights, foreign governments are not only confused – they are seriously concerned.
Over at the Federal Reserve, no such soul-searching appears to be underway. Its chairman, Ben Bernanke, is clearly intent on avoiding deleveraging. He has charted a course of massive liquidity injections, financed by hitherto unimaginable levels of monetary inflation. He has even attempted to coordinate these expansionary policies on an international basis.
For the moment, the cheap liquidity has saved Wall Street. To the delight of the Goldman Sachs, et al., the Fed has created a boom in financial assets, including equities, bonds and commodities. These rallies have stimulated a nearly universal belief that the worst has past. This feel-good attitude could be clearly seen on a recent cover of The Economist that read: “After the Storm – How to Make the Best of the Recovery.”
<b>But, to many people, life looks increasingly desperate. Official U.S. figures admit to some 15 million unemployed. Despite the massive stimulus packages, American consumers are still in shock and not spending as they once did. Already, the fall in consumer demand is larger than that of the early 1930's. The authorities now face a moment of truth: admit that they don't have the power to bring the consumer back to life or redouble their efforts, consequences be damned.
The whole world awaits the decision, which could indicate a wild inflation, a major recession or the worst of both.</b>
Should the Administration accept, or even be forced to accept, an ultimately healthy deleveraging, a deep recession would ensue. Entitlements would have to be dramatically reduced while taxes remain unreasonably high. Otherwise, the federal government could face outright default. Barring a popular revolt, this course would lead to a sustainable recovery.
On the other hand, if the government continues to run the printing presses, as seems far more likely, hyperinflation will become a distinct possibility. While this may create the appearance of recovery, with rising stocks and less short-term unemployment, average citizens will notice a sharp decline in their standard of living. It will get harder and harder to 'make ends meet' as wages increase less than the cost of everyday goods.
The hyperinflation scenario will likely buy the Administration a little more time, but would eventually give way to the worst of all possible worlds: hyperinflationary depression. Here, America would feel a deep recession concurrent with rising prices – similar to what we're seeing right now with gold. This is truly a devastating outcome and should be avoided at all costs.
<font color="red"><b><font size="3">America is at a crossroads. It is important in these times to have leaders we can trust to make the right decisions, even if they are unpopular. Obama, Bernanke, Reid, Dodd, Pelosi, Frank… These are not names that are trusted to make wise choices over expedient ones. The markets know it; the voters know it; and, judging by the price of gold, the rest of the world knows it too.</font id="red"></b></font id="size3">
- Last Post by: toddblue on 11/20/2009 @ 6:15 PM
Someone has more class than Jesse Jackson, Jr. He has made the healthcare issue a debate on race. He must be taking lessons from Cspatmon, the master baiter.
The Hill, A Washington D.C. publication that follows action in congress, quoted reverend Jesse Jackson this week saying "You can't vote against health care and call yourself a black man". (http://www.ksla.com/Global/story.asp?S=11547405)This comment was made at a Congressional Black Caucus reception. He was directing his comment to Congressman Artur Davis, the only black Congressional Member to vote against the health bill.
But Representative Davis totally outclassed and out manuouvered The Reverand Jackson, with this reply: "One of the reasons that I like and admire Rev. Jesse Jackson is that 21 years ago he inspired the idea that a black politician would not be judged simply as a black leader," he said in a statement referencing Mr. Jackson's 1988 Presidential bid. "The best way to honor Rev. Jackson's legacy is to decline to engage in an argument with him that begins and ends with race." http://online.wsj.com/article/SB10001424052748704204304574545913962628736.html
- Last Post by: homebroker@sbcglobal.net on 11/20/2009 @ 6:12 PM
don't guess anyone does FHA with 614 score, except American Financial???
thanks
- Last Post by: 100yrFixed on 11/20/2009 @ 5:53 PM
I thought you might like this!
http://tinyurl.com/yaq5gzx
- Last Post by: rjk88 on 11/20/2009 @ 5:51 PM
52 units condos in Hollywood CA
Looking for $16,000,000.00 loan for the remaining 39 units
Lenders only
- Last Post by: privatecash on 11/20/2009 @ 5:37 PM
Any of you guys still do loan modifications? Any new developments with the government program?
In my experience, lately WAMU/Chase became more aggressive. Even deferring principal on loans that are under water.
Services started to give decissions much sooner - that is both positive and negative decissions. You don't have to be late, with most banks, to receive a loan workout now. Things are looking up.
Hopefully things turn around and we will be out of business as a loan mod company. Miss doing $20mil+ in loans a month or at least $10mil. Or at least $3mil. haha
- Last Post by: 100yrFixed on 11/20/2009 @ 5:29 PM
What’s happening Jan. 1?
Mortgagee Letter 2009-28 and 2009-29 provide direction that, effective for case numbers assigned on and after Jan 1, 2010, lenders are required to order the appraisal in compliance with the requirements released by FHA. In preparation for this requirement, Wells Fargo Wholesale Lending will continue to work with RESDirect, to manage the appraisal order and delivery process.
Process: January 2010
Beginning Jan. 1, 2010, we will require that brokers initiate the appraisal request through RESDirect. Initiating the appraisal in this manner will ensure compliance with the new FHA requirements, and we are requesting that all brokers who are eligible to submit FHA loans have an active account with RESDirect prior to Jan. 1, 2010.
- Last Post by: 100yrFixed on 11/20/2009 @ 5:24 PM
By Sharon Jayson, USA TODAY
Are we bad for getting mad?
Psychologists say it's normal to get angry. We all do it – and we need to feel anger. It's a basic human emotion, they say.
More and more, though, we see people losing their cool in public. And the kind of outbursts seen at town hall meetings on health care reform, on tennis courts, on the Internet and even during speeches by the president are increasingly a part of everyday life.
"There is very little, if any, social consequence to turning on the flames," says Art Markman, a psychology professor at the University of Texas-Austin, who has written about the anonymity of the Internet making people feel freer to express anger.
There's no official data suggesting Americans are angrier today than in the past. Psychologists and other experts even disagree on whether people really are angrier or just have fewer inhibitions about acting out in public. Some say narcissism and feelings of entitlement, which are reportedly on the rise, make people upset when they don't get what they want. And the culture of open expression – including TV and radio talk shows that fuel the fury – suggest that explosive behavior is becoming routine.
There are plenty of things to be angry about lately: lost jobs, pay cuts, reduced home values and war, to name just a few.
"You see pictures on the news of these grown adults screaming and yelling at each other over the whole insurance issue," says workshop leader John Lee of Mentone, Ala., author of The Anger Solution, published in September. "When there's a massive amount of stress, there will be massive amounts of anger and rage."
It's also providing fodder for researchers. More than 20 presentations on anger and its effects on health and relationships are scheduled at the four-day annual meeting of the Association for Behavioral and Cognitive Therapies starting today in New York.
"Anger is a normal, natural, emotional experience that is characteristic not only of people but of animals," says Charles Spielberger, director of the Center for Research in Behavioral Medicine and Health Psychology at the University of South Florida-Tampa.
Spielberger, a psychologist known for developing a widely used system to measure people's anger, says anger is "built into us" and has helped humans survive.
"It's at the extremes of anger that it becomes pathological and characteristic of some psychiatric disorders," he says.
Constructive anger
Anger is considered a factor in mental illnesses such as depression, but it is not an official disorder in the Diagnostic and Statistical Manual of Mental Disorders of the American Psychiatric Association. But anger expert Raymond DiGiuseppe, a psychology professor at St. John's University in Queens, N.Y., is among those who say a new "anger disorder" diagnosis is warranted for people experiencing excessive or uncontrolled anger.
But anger is not all negative, psychologists caution.
"Anger signals a need that is not being filled. There's nothing wrong with anger," says Robert Allan, a clinical psychologist at Weill Cornell Medical College/New York Presbyterian Hospital in New York. "The question is how you express it."
On the plus side, anger can bring about change. Think about the American Revolution, the Boston Tea Party, women's suffrage, the civil rights movement.
"Good anger can get you motivated to resolve conflicts and to fix social injustice and to overcome obstacles in your life," DiGiuseppe says. "You would never want to eliminate" all anger.
In the workplace, anger also can motivate employees, as long as it's not expressed in a shouting match or fisticuffs, says Ricky Griffin, a professor of management at Texas A&M University-College Station, who studies workplace aggression.
"If my boss gives me a low performance appraisal, I may get angry about it, but it may make me want to prove my boss is wrong by working harder," he says.
But if hostility or rage takes over, employer responses can range from not promoting the employee to firing the worker.
The popular idea of anger simmering until it reaches a boiling point is really a myth because the body doesn't "store" anger, says Allan, author of the 2006 book Getting Control of Your Anger.
"If someone keeps bothering you, it may feel like anger is building up. But you are really responding to more negative stimulation. The same problem recurs and recurs ... and boom – you 'explode,' " he says. But "the anger wasn't accumulating; the stimuli keep recurring."
Such blow-ups can cause very real damage, including increased risk of heart attack and other health problems, he says.
"It's the yelling and screaming and jumping-up-and-down kind of anger that results in sympathetic nervous system activity. It triggers the fight-or-flight response," Allan says. "If you're quietly angry at whomever, your blood pressure and heart rate are normal." That's far less damaging to your health, he adds.
Predicting aggression
DiGiuseppe, co-author of the 2006 book Understanding Anger Disorders, will present a full-day workshop on anger today at the meeting of about 3,600 psychologists, psychiatrists, social workers and students in the field.
His newest research looks at issues of revenge as a major driver of aggression. Among the 4,787 participants, including children, adolescents and adults in the USA and Canada, he says revenge turns out to be the strongest predictor of whether someone will behave in an aggressive way – either outwardly aggressive or passively aggressive.
And he says 1,000 youths in grades 4 through 12 rated their anger as "good" if it accomplished their motives, even if the motives were destructive. "My anger is good because I wanted to make my little brother pick up my toys and I got him to do it" is one survey comment he cites.
He says such attitudes don't mean kids are socially maladjusted, nor are parents failing. Rather, they suggest the need for better interventions to help young people change their thinking.
Other research on anger and aggression includes a study published last month in the journal Psychological Science. Experiments conducted at Brock University in St. Catharines, Ontario, found that someone's facial structure may predict whether the person has a tendency toward aggression. Volunteers glanced at photos of men whose aggressive tendencies had been previously measured. Even though the photos showed neutral expressions, volunteers' guesses were fairly accurate.
"Estimates of aggression were actually highly correlated with actual aggression," says psychologist Cheryl McCormick. The men's facial width-to-height ratio "may be a cue used to predict propensity for aggression in others," the research paper says.
The findings suggest that subtle differences in face shape may affect the way we judge others' personalities – and those we see as more aggressive may be treated differently based on expectations of anger or aggression.
Managing those feelings
For real anger issues, many people look to anger management to help handle their feelings. While programs vary, experts say no one really knows how much of an impact court-ordered sessions actually have because follow-up is spotty and little data exist about results.
"The real problem of referring people for anger management is they don't want to give up their anger," says DiGiuseppe. "They feel justified in their anger. That's what makes it so hard to treat."
Markman says the Internet, in many ways, spurs angry feelings because it anonymously allows people to express their ire with no fear of repercussions. But he says getting upset at a blog entry creates negative feelings and tends to heighten the anger.
"We definitely have a lot of anger that's being expressed and not necessarily being expressed in productive ways," he says.
Spielberger says the first step in dealing with angry feelings is to recognize them. "The next step is to try to understand the circumstances that have evoked those feelings. Then you need to look at expressing the anger in ways that will deal with the problem instead of ways that can injure other people."
The most important thing to understand about anger is "if you have too much of it, you can learn to manage it," Allan says. "You need to prioritize and ask yourself how important it is before you make an issue of something."
- Last Post by: Mandyvilla on 11/20/2009 @ 5:16 PM
I have heard some rumblings of lenders not adding back depreciation on investment properties on a Schedule E. Has anyone had any recent experience with underwriters and Schedule E in particular? If so, good or bad, and which lenders.
Thanks.
- Last Post by: velecico on 11/20/2009 @ 5:15 PM
Who do you pick and why?
- Last Post by: GetLoans4me on 11/20/2009 @ 4:50 PM
Got a funky 1, imagine that! Anyway, no score on bwr and 600 on co bwr w/ alt trades and verifiable Rent. AFR & FAMT says no, FGMC said no and is now looking again but I'm not confident. Purchase at $99k FHA
- Last Post by: kellamtom on 11/20/2009 @ 4:49 PM
I need a home for a loan with the above parameters, O/O, 35% LTV, 26/30% DTI, great assets, looking to do a 3/1 or 5/1 I/O ARM. CA loan.
- Last Post by: findingfunding on 11/20/2009 @ 4:40 PM
Slam Dunk
Just need good 30 year fix rate below 5.5% if possible
$535,000 loan amount
800 FICO
Rate and Term
OO
COLORADO
SFR
75% LTV
REFI
Anyone?
- Last Post by: Brianquigley on 11/20/2009 @ 4:16 PM
Does anyone have a pdf of a subprime or alt-a rate sheet? I don't care who the lender is... or should I say "was?" Decision One, New Century, World Savings, ABC, etc. Could you please send me a copy to jude3500@yahoo.com ? I'm putting together a presentation for the company and I think it would be fun.
Thanks everyone!
Jude
jude3500@yahoo.com
- Last Post by: Coffee Is 4 Closers on 11/20/2009 @ 3:50 PM
This is so crazy. It seems everyday a lender's are changing their phone numbers and fax numbers. I have spent the week re-faxing authorizations to one number and packages to another. I have a customer that was turned down by Citimortgage via mail because they are stating documents were not received that was on 11/09, I called on 11/10 and was told that the file was still pending. Bottom line--mod was closed and we have to start over. Is this incompetence or negligence by the lender?? I am furious.
- Last Post by: Quicksilver on 11/20/2009 @ 3:46 PM
I am running Calyx 7.0 but one of my brokers uses the point data server...I followed there instructions for setting it up..I am able to input there Service URL and Security Key and test it successfully. However, every time I logout and try to login the system doesnt recognize that I have set up a server and logs me into my local point account.
Anyone have a solution for this?
- Last Post by: Captain Mortgage on 11/20/2009 @ 3:32 PM
CMPS Self Study Curriculum-by going through this cd set you will dramatically increase your level of financial knowledge and confidence when talking to clients-Develop new mortgage planning skills that will increase your income and enhance your professional career-Differentiate yourself from the competition.
Loan Officer School by David Reinholtz, 8 DVD set recorded at a 2 day seminar.
Loan Officer School- Advanced Mortgage Broker Training
Mortgage Coach Software version 7.0
MORTGAGE MARKET GUIDE DVD’S AND CD’S:
Marketing and Training Tools-6 audio cd’s packed with information on how to become a trusted advisor, library of articles , Time management strategies, masterminding with the billion dollar superstars, spotting early reversal trends, and how to protect and grow your business in a non refi market.
Sue Woodard: Are you an action figure? Sue’s Sales Mastery Presentation gives specific tools and strategies to help you take ideas, knowledge and information and leverage them to gain and strengthen relationships to get more referrals
Creating Wealth Through Fiscal Literacy: To survive and thrive in the future, mortgage professionals must position themselves as more than simply a loan officer…1:TheVelocity of Money –how to make your money for you 2: Open a New Source Of Business By Networking with Estate Planners, 3: The Velocity of Money-Accelerate your wealth with Tax Free Municipal Bonds, 4: Missed Fortune-How to use Home Equity to Accelerate Wealth While Increasing Your Mortgage Business, 5: Setting Up Your Competition While Dealing with RATE SHOPPERS.
How to Avoid the $25,000 Mistake Most Americans Make Every Day, by Doug Andrews
4 Things about RESPA You Should Know, interview with James A. Brodsky, former HUD Official (04)
Successfully Gaining New Relationship Partners- A systematic, Fool proof method for building your business network
Sue Woodard’s Superstar Playbook and Business Building System, includes step by step Action Plan for a successful sales call, including scripts and worksheets. Customizable templates to create your personal Playbook.
Barry Habib: The Secrets of Fiscal Literacy, Learn the Guaranteed Secrets to Close one more loan a month, every single month!
Become Your Clients Trusted Advisor: Catapult Your Business to the Next Level with This Powerfull Presentation!
STRATEGIC EQUITY AND MORTGAGE PLANNER SERIES:
Mortgage Planning POWER Presentations-client presentations of Top Producers
How to Build A Million Dollar Production Team-A Proven System For Doubling Your Income and Time Off
Transforming Loan Officers Into Strategic Mortgage Planners- Experts from the Financial Industry’s and Mortgage Industry share their implementations, Ric Edelman, Doug Andrew, Jim McQuaig, Chuck Oliver
A Continuing Education Seminar for Financial Advisors- by Steven Marshall
The Best of Strategic Equity Summit 2006 Las Vegas
The Mortgage Planning Revolution- The Secrets to Double Your Income and Your Time Off
How to Originate $1 Billion in Client Referrals- Steven Marshal
Doug Andrew- Missed Fortune 101, dispel the money myth conception (2)
CERTIFIED SCRIPTS FOR SUCCESS: Jim McMahon
Scripts Knowledge- Jim McMahan’s time tested and proven scripts for what to say and how to say it in mortgage planning
Win the ARM’s Race with Jim McMahan’s exclusive scripts, ARM evaluator, Consultation Guides, Definitions and Charts.
Edward Jamison: Everything you wanted to know about the Credit Scoring System
LOAN TOOLBOX: Tim Braheem’s System for Mastering Implementation
I have this package listed on Ebay for $750.00
Item Id: 120494706027
- Last Post by: edunn on 11/20/2009 @ 3:29 PM
Full time-Part time positions available
If you are licensed now-Great!-If not, we can help!!!
We are rapidly expanding our agency in the Pa market and across the US with realistic income between $60-100k+
We protect our clients most valuable assets through Mortgage protection,life insurance,disability, and guaranteed issuue Critical illness products. Even though the housing market is at one of it's lowest points, we are experiencing record growth and will continue to expand into the coming year. People want to protect their assets in uncertain economic times.
There are many markets that are gretaly underserved for our products. We are looking for highly motivated men and women who are self driven to fill part-time,full time, and managerial positions.
What we do is very simple and it allows anyone, who wants to work at it, make significant income and succeed right away. We get NON MED policy approvals in 2-3 days not 2-3 weeks which gets you paid weekly for your efforts.
We offer various "NO COLD CALLING" lead programs. We have more clients asking for coverage than agents to help them!! Wheteher you are looking to build a solid solo business or if you want to build an agency now and double/triple your income,we are the company.
If you are looking to join a company that offers products in very high demand and enjoy working with and helping people,as well as having the opportunity to make a significant income on a part time or full time basis, we would be interested in speaking with you in more detail
Compensation: PT $25-50k+ FT $50-100k++ BONUSES,RENEWALS,RESIDUALS,PD.VACATION
Principals only. Recruiters, please don't contact this job poster.
RESUMES AND CONTACT INFO TO: TA17@YMAIL.COM
We are NOT NAA.
- Last Post by: ta17 on 11/20/2009 @ 3:14 PM
I have a client in which I got her $400k mortgage modified at a 4.25% PITI on the HAMP program. They did not reduce the principle balance.
The client wants to decline the loan mod offer and try to work with NACA to see if they can get her rate reduced to 2% and get the principle balance reduced to appraised value ($300k). The client seems to think that she can get a better "deal" with NACA. It took 10 months to get her approved, and she wants to decline it....
From what I understand, NACA will do the same thing any other loan mod company will do right? Is it possible that NACA can get a better loan mod offer even though she was approved on the Home Affordable Modification Program?
- Last Post by: CDMoney on 11/20/2009 @ 3:12 PM
I've noticed that you became a member of BO on 11/20/09 welcome! I hope your stay here will be long as well as pleasant. I always admire a new member that automatically post on the off topic forum. Since, I'm not familiar with all geographical areas tell me about the near location, Gurgaon, HR? Again welcome to BO.
- Last Post by: rudeness on 11/20/2009 @ 3:01 PM
Reverse Mortgage Prospect File
There are five things that make this marketing highly effective:
These Reverse Mortgage responders are ages 64+, Homeowners with 60% minimum equity in their home. Home Values 250k+
These prospects responded to three specific questions:
• Are you satisfied with the lifestyle your current income is providing you? NO
• Do you have over 60% equity in your home? YES
• Would you like to be informed as to how a reverse mortgage may be of financial benefit to
• you? YES
We are finding that our agents are generating appointments with 10 to 12% of the prospects contacted.
These prospects will be located in the target marketing areas you request and you will receive the name, home address, age range, income range, type of dwelling, home value, length of residence, and home telephone numbers of these responders via email.
You will be provided with authentication that your leads have been scrubbed against the national do not call registry.
Our Exclusive 3-way Guarantee.
1. A 100% connect rate guarantee on the prospects names, phone numbers and addresses.
2. A six month exclusive on names.
3. All of our lists come with a 90 day money back guarantee. If you do not earn $12,500 in Commissions for every 250 names purchased we will refund your purchase price.
Abel Bronsen V.P. Sales
Cost Per. 250 = $2,000
Toll free1-877- 874-9305 Ext 8526 Cost per. 500 =$3,750
- Last Post by: abel on 11/20/2009 @ 2:58 PM
Any good reverse mortgage leads outthere?
- Last Post by: abel on 11/20/2009 @ 2:45 PM
I'm out to play some poker at the commerce casino.
- Last Post by: Scrooge McDuck on 11/20/2009 @ 2:44 PM
Need a lender who can do conforming manufactured...anyone???
- Last Post by: KristinG on 11/20/2009 @ 2:30 PM
I am in the need for JUMBO LENDERS that will do stated/stated for loan amounts from 1M to 20M asap!!!!
- Last Post by: emoney on 11/20/2009 @ 2:16 PM
I am currently looking for a 125% refinancing program for a client...If you are in California and know any banks which are offering this please let me know. The just raised the stakes from 105% to 125%...please email me to michael.mosely.hillsiderealty@gmail.com
Thank you so much!
- Last Post by: SHABONE on 11/20/2009 @ 2:04 PM
I have a borrower who would like to pay off his 1st and 2nd, Does Wells Freddie Mac Relief Refi Program (125%) allow for a borrower to refi both into (1) loan?
Thanks
- Last Post by: getfunding on 11/20/2009 @ 1:54 PM
Has anybody heard of these guys? I have been in the mortgage business 7 years and for the last 1.5 years been killing it in the loan modification business not doing loans. Do to new laws and regulations are sales are down dramatically and we have changed the company structure some. We advertise nationally on the radio and get a lot of incoming calls from all over the country about 40 states. A good amount of the calls lately have been to refinance and not looking to do a mod they all have good credit and aren’t behind. We would like to be able to offer our customers the option to refinance with us too and not only do mods saying call quicken loans to these customers. The problem is all we have is a broker’s license in California. I looked through my contacts and everyone who taught me the business is either out of business, or has cut their state licensing to 10 states or less. I found this virtualbranch.net website on the internet somewhere and it just sounded too good to be true. In my experience usually when it sounds too good in the mortgage business it’s because it’s a scam of some sort. Access to 120 lenders, all 50 states, FHA and VA, they pay out 1099 not W2, 100% commission. And on top of all this just 695 a month for unlimited files the unlimited branch set up. We could be funding easily 10-30 loans a month we have 30 sales reps on the floor currently.
It just sounds fishy I was hoping for maybe 30 states and a flat 500-750 per file but 695 a month for unlimited files come on lets get real. Can some one tell me about these guys and Chris Mylin is the guy I have been talking to that is selling me on the program. Anyone have any experience with these guys or know anything about them? Are they legit or a scam? Can they really deliver what they are offering and fund loans? Any advice would be appreciated. If you know of a good net or affiliate branch set up please refer me we can do a lot of loans out of this office if we can just place them. I’m looking for ethical and legit net branch to partner up with. Thanks
Respectfully,
Ryan Overman
Ryan Overman | Sr. Consultant| DPServicing.com
548 Market Street Ste 97256 | San Fransisco, CA 94104
Office:(800) 540-9913 Ext. 158 | Fax:(949) 417-9454
Email: roverman@dpservicing,com | Company: www.dpservicing.com
- Last Post by: 1003s.com on 11/20/2009 @ 1:48 PM
I have a borrower that is looking to buy a condominium that does not have the association setup yet. I can't take it conforming b/c they recently had a chapter 13 discharged. Are there any lenders out there that will do this loan?
Thanks
- Last Post by: highbill1021 on 11/20/2009 @ 1:28 PM
http://www.forbes.com/2009/11/19/mammogram-guidelines-cancer-business-healthcare-obamacare.html
I'll bet it was his idea to name the healthcare after himself..... good... I'm sure it will prove to be just as disasterous.... arrogant prikk
- Last Post by: darkstar on 11/20/2009 @ 1:11 PM
I am in need of a broker in Colorado to allow me to run a loan through them. I have a complete file but my regular source is 15 days in underwriting and I don't have that kind of time!
Please email OR call Micah at 714-322-1536
Thanks!
- Last Post by: liverichly on 11/20/2009 @ 1:09 PM
Pushing the age limit back and not recommending yearly testing. Why at this time such a concern regarding women's health? Health care reform maybe?
- Last Post by: assassin17 on 11/20/2009 @ 1:04 PM
My client just bought an REO scheduled to close withint 15 days but
it's been more than 45 days. just waiting for BAC home loan to clear title--
as title is still under the previous owner ! and for the last 45 days they're
saying that they're just waiting for the bank to send the deed...
has anyone experienced this ? and how long did it take to close ?
- Last Post by: steve_sushner on 11/20/2009 @ 1:02 PM
Can anyone point me in the direction of a lender that will do a VA loan with 580 score? Other than scoring issue, perfect loan.
Thanks!
- Last Post by: dkendall1979 on 11/20/2009 @ 1:00 PM
That's right. If you are looking to increase your businesses LOCAL exposure online and drive more targeted business through your door, then this is the solution for you.
For LESS than $500 a month, we will GUARANTEE that your business shows up on the 1st page of Google, Yahoo, Bing.com and many more AND YOU DON'T PAY UNTIL YOU SEE YOURSELF THERE!!
Yes, you read that correctly. YOU are not charged until YOU see your business listed where we promised! We are so confident in our ability to help you accomplish your Internet marketing goals, we have simplified our guarantee. We WILL NOT charge you for our Search Engine Ranking service until we get you listed in the search engines organically under the terms or phrases that you want. That's it... Period. No fee until you're happy! Contact us for details on how to get your account set up for our guarantee.
This is a fixed cost solution that EVERY BUSINESS NEEDS!
It doesn't matter what industry you're in, if you're looking to target NEW CUSTOMERS within your Geo-graphic region, then is the solution for you!!
Get listed locally with Google, Yahoo, BING, Yellowpages and other top search engines with our monthly data feed. We create a profile for you that tells the search engines who you are, where you are located and what you offer. Your results appear based on keywords and phrases typed in by consumers. You can update your business profile once a month in one location and we will make the change in over 180 locations in your local area.
Give us a call to start today!
Regards,
Sebastian Rusk
786-273-7875 direct
- Last Post by: srusk23 on 11/20/2009 @ 1:00 PM
Borrower is looking for approx. 1mil.
has approx. $600k in equity on a condo in chicago and another $3.8 mil collectively in cash sitting in a margin account and two other accounts/ personal.
will pay it back within 3 mos.
any ideas or experience on a deal like this?
- Last Post by: rocky007 on 11/20/2009 @ 12:55 PM
Loan officers wanted! We have a unique situation that we would like to offer to a top loan officer! We offer 90% commission. We offer satellite offices for our loan officers to originate and work from home, no commuting. We are seeking 15 new loan officers right now! You will be a W-2 employee however you will have 90% commission. This would be similar to owning your own business without the overhead. Experience in this industry is preferred.
An ideal candidate would be a broker or an originator with a company that can generate his or her own business and that is self-motivated!
We are mortgage bankers and if the deal doesn’t fit our portfolio you can broker it to any of over 100 investors on our approved lender list plus you operate in 48 states.
You will be able to do Reverse mortgages, FHA, VA, Conventional, Hard money, and SBA loans. You can also offer our debt reduction and loan modification services too.
Please call if this seems to be a good fit. We have remote positions available. You can also email your current resume for an immediate phone call.
- Last Post by: fbusi on 11/20/2009 @ 12:55 PM
In escrow on a condo in Westwood California. Buyer is putting $500,000 down on a purchase of $768,000. Loan fell apart because the developer who built the building 2 years ago still owns 4 out of the 16 units. Apparently this puts him over the 10% allowable. Does anyone have some type of portfolio lender willing to do a loan around 6% interest with 15 or 30 year fixed loan for this guy. Credit is perfect and LTV is minimal at around 35%.
- Last Post by: calendinggroup on 11/20/2009 @ 12:49 PM
New Haven, CT a group of black Connecticut firefighters hopes to block promotions for white firefighters who won a discrimination case before the US Supreme Court. The black New Haven firefighters argue in papers filed Monday 11-16-09 that they still have a right to challenge the validity of the promotional exam. If these actions continue all will be entitled to retirement pensions. They're patterning behind the Repubs idiocy playbook....delay...delay...delay. Yet the Repubs. BS haven't been working out for them lately, I hope the black firefighters have better luck.
- Last Post by: rudeness on 11/20/2009 @ 12:48 PM
Any one know about this? My prospect is a management person (foreign based corporation) here on an <i><b>L1A visa</b></i>. She has applied for permanent status (green card) but that has not yet been granted. Can she purchase a home for use as a primary residence? FHA? Taking everything else into account, she's a dream buyer, but I'm not sure about the L1A status thing. My thanks in advance.
- Last Post by: calendinggroup on 11/20/2009 @ 12:44 PM
If you know who can do this loan, let me know please.
Thank you !
- Last Post by: jakeh@loanpacific.com on 11/20/2009 @ 12:32 PM
I would love to get input from those doing Reverse Mortgages as to how they are getting their business. If you telemarket, can you share a good script? Do you do info seminars? How do you set them up...where do you target for them?
I just set 3 small seminars in local senior centers in about 3 hours of cold calling. I realized today that I need to learn to prospect. 10 years in mortgages and I have never learned to prospect. I've always had clients...all my calls were sales calls...but this is different. I would love to hear from Raymond and Eric, but appreciate hearing from all that are in the reverse mortgage trenches.
- Last Post by: fundid on 11/20/2009 @ 12:28 PM
45% LTV
Loan amount $340,000.
Building located in Honolulu.
6 unit apartment building.
Coach Bob Iinuma
Senior Loan Officer
Legacy Mortgage, Inc.
1132 Bishop St., Suite 1515
Honolulu, HI, 96813
Direct Cell: 808-256-8270
Office Fax: 808-524-0099
Email: CoachBob@hawaii.rr.com
Website: www.LegacyMortgage.tv
- Last Post by: aaron1976 on 11/20/2009 @ 12:25 PM
I have a loan amount of 675K with an LTV of 75% C/O OO Refi
Wells is giving 5% with a point cost. Does anyone know of any bank who can do better on these higher loan amounts. I am in CA
- Last Post by: cwfam23 on 11/20/2009 @ 12:18 PM
Hi,
I need to co-broker w/ and approved FHA lender for Rhode Island. Please let me know if anyone is interested and what we can work out.
Thanks
Ed
- Last Post by: liverichly on 11/20/2009 @ 12:10 PM
<font face="Verdana">With all the new disclosure laws in place, do not let <b>Title & Escrow </b>fees be a cause for redisclosure and delay your closings. I am know offering a complete bundled escrow service (includes signing & doc prep) and flat per state recording fee to prevent any such redisclosures. Other than a change in loan amount on title, our fees will not change!
Escrow services included:
o Order institutional demands.
o Review title commitment, work to clear title exceptions in order to achieve clear title.
o Prepare estimated HUD’s.
o Signing/notary service with LSI approved network.
o Coordinate recording of documents.
o Package signed loan documents back to lender.
o Balance file, prepare final HUD, and disburse file.
o Overnight deliveries included.
o Payee disbursements included.
o Deed preparation.
o Subordination preparation and processing.
o Electronic document downloads.
If you would like more information, please feel free to contact me at anytime.
Bryan Cronin
LSI
(850) 321-4424
bcronin@lsi-lps.com</font id="Verdana">
- Last Post by: title_guy on 11/20/2009 @ 12:07 PM
The House Financial Services Committee has approved Rep. Ron Paul’s measure to drastically expand the government’s power to audit the Federal Reserve.
The measure, based on a Paul proposal that has attracted more than 300 co-sponsors, passed, 43-26, as an amendment to a financial reform bill. Florida Democrat and fellow Fed critic Alan Grayson co-sponsored the amendment with Paul and played a leading role drumming up support for it among committee members. The adoption of this amendment is an extraordinary victory for Paul, whose libertarian, anti-Fed leanings have often been dismissed by the political establishment.
The amendment would give the Government Accountability Office much greater to audit the Federal Reserve, which has a long history of independence from congressional audits. Paul and Grayson beat out a competing measure offered by Rep. Mel Watt (D-N.C.), who after weeks of negotiations with the pair felt their measure would threaten the Fed’s monetary policy.
Grayson, however, told POLITICO in an interview that Watt’s amendment would add more restrictions on the GAO’s ability to audit the Fed, not less. “And there’s a crying need to expand it because the Federal Reserve has completely changed the way it’s done business since a year and a half ago.”
- Last Post by: rudeness on 11/20/2009 @ 12:00 PM
SENATE Majority Leader Harry Reid is touting the Senate's latest health-care bill as costing $849 billion over 10 years. But this uses the same accounting trick as past versions: 99 percent of the costs don't kick in until the fifth year of that "10-year" period. The true 10-year costs are well over twice what Reid's advertising: $1.8 trillion.
The Democrats cite the bills' projected costs from 2010-19. Yet, as the Congressional Budget Office reports, the bill would cost just $9 billion total from 2010 through 2013 -- versus $147 billion in 2016 alone. In the first 40 percent of what the Democrats are calling the bill's "first 10 years," only 1 percent of its costs would yet have hit.
<font color="red"><b>As the CBO analysis indicates, the bill's real 10-year costs would start in 2014. And in its true first decade (2014 to 2023), the CBO projects the bill's costs to be $1.8 trillion -- double the price Reid is advertising.</b> </font id="red">
And that's even though the CBO optimistically assumes the government-run "public option" wouldn't cost a cent.
Over this same 10-year span, the bill would hike taxes and fines by $892 billion -- more than the alleged price of the bill.
Just as problematic are the bill's effects on entitlement spending and deficits. Medicare is already teetering on the edge of insolvency. <font color="red"><b> This year's Medicare Trustees Report (signed by Health and Human Services Secretary Kathleen Sebelius) warns that the Medicare Hospital Trust Fund -- the main funding channel for the largest part of Medicare -- will become insolvent in 2017.</b>
Worse, nearly four people are now paying into Medicare for every beneficiary. But with the baby boomers' retirement fast approaching, that number will drop over the next 20 years to about 2½. Fewer and fewer people will be paying higher and higher costs.</font id="red">
Yet, as the CBO notes, in its real first decade, the bill would siphon $802 billion from Medicare to spend elsewhere. With its financial outlook already beyond bleak, Medicare is the last place to look to for "free" money.
<b><font color="red">Among the $802 billion that Reid would divert from Medicare is $431 billion in cuts in doctors' pay (far more than the misleading figure for 2010-19). The bill says it would cut payments to doctors for services to Medicare patients by 23 percent in 2011 -- and never raise them back up, ever.
No one who's been in Washington for more than five minutes actually expects this reduction to occur -- and if it doesn't, then the Senate health bill would increase our deficits by $286 billion in its true first decade, according to CBO projections.</b> </font id="red">
In his historic speech to Congress on Sept. 9, President Obama pledged not to support any health bill "if it adds one dime to the deficit, now or in the future, period." This bill would raise the deficit by 2.86 trillion dimes -- and yet the president is its most visible and audible supporter.
The Washington Post reports that Obama has also stated "flatly that he won't accept a bill that doesn't 'bend the curve' on rising health-care costs." Yet nothing in the CBO analysis suggests that the Senate bill would bend the cost-curve downward.
Meanwhile, the Office of the Chief Actuary at the Centers for Medicare and Medicaid Services has just concluded that the House health bill -- which the president also champions -- would bend the curve upward, raising nationwide health-care costs by over half a trillion dollars by 2020 (and by $289 billion even in the unlikely event that doctors' pay is actually slashed).
If Congress is to consider legislation to remake a sixth of the US economy and insert the government into the health-care decisions of every American, it should at least be honest about the costs. In its first 10 years of actually being in effect in any meaningful way, Reid's bill would cost $1.8 trillion, says the CBO. And it's a simple fact that every penny of that would have to be paid by the American people through some combination of three things: cuts to existing programs, higher deficits and higher taxes.
Jeffrey H. Anderson, director of the Benjamin Rush Society, was the senior speechwriter for Secretary Mike Leavitt at the Department of Health and Human Services.
Have a comment on this PostOpinion column? Send it in to LETTERS@NYPOST.COM!
Read more: http://www.nypost.com/p/news/opinion/opedcolumnists/another_set_of_cooked_books_loFmlm5OEIdYuzuJySXBaN#ixzz0XPSChpLI
- Last Post by: rudeness on 11/20/2009 @ 11:44 AM
aloha,
I wans wondering if anyone could get me some info. I have a wierd one here.
I need a construction loan right away - 50% LTV of final value of 1Mil
Borrower was knee deep into construction with Indymac when they stopped giving funds according to the draw schedule. The borrower needs a new lender to pickup where they left off. the foundation and walls are up so were about 50% complete.
I would look at hard money or a bridge loan on a short term deal if I cant find a const lender..
Property is Hawaii
50%ltv
Single Family
2nd home or NOO - Borrowers might move into the home after complete
Self Employ
Sincerely,
Nathan Toler
Acceptance Capital
Direct 808.357.5326
Corporate Fax 800.518.8196
"Providing The Right Mortgage, The First Time"
- Last Post by: ntoler on 11/20/2009 @ 11:41 AM
Lenders ONLY respond.
Need a stand alone second for $70k
LTV/CLTV 56%
REfi Cash out on the second ($15k)
1st loan $500k
2nd loan $70k
Full Doc
744 fico
San Bernardino county, Ca. loan limit is $500k and that's why i need a second.
Please email me at ccho@gotmortgage.com
Thank you,
Craig
- Last Post by: liverichly on 11/20/2009 @ 11:39 AM
Click to go to Mortgage
Broker Outpost.
Mortgage
Archive | Loan
Officer Forum | Mortgage
Broker Directory | Register