Hi All,The family is on the move. We're moving this weekend and likely will be with out internet access or free time for the majority of the weekend. We'll be back in full force after the weekend so don't miss us too much; but don't expect much of us in the mean time either.If one of the new contributors jumps in this weekend - great - if not, enjoy the weekend and we'll … [Read more...] about Moving – and Out of Blog Land for a Few Days
Archives for November 2007
In a Bloomberg article about the ongoing credit crunch yesterday the news firm reports that the one-month LIBOR is at its highest point since the Federal Reserve rate cut in September. First the story, and then why it matters to you on main street with an adjustable rate mortgage.From Bloomberg: The London interbank offered rate that banks charge each other for euro loans … [Read more...] about Why your adjustable interest rate mortgage isn’t helped by rate cuts
For a mortgage advocacy website, this has to hit home, right??? One of the major issues I face as an originator is people who seem to want a salesman and not an advocate. I am convinced that this is one of the biggest problems facing the mortgage industry today, but unfortunately I don?t think this is on Senator Schumer?s radar. Changing consumer behavior is much more … [Read more...] about Mortgage Shoppers: Shopping for Advocates or Salesmen?
So, how dare I insinuate a loan officer may be even a little bit responsible for putting his/her borrowers in a suicide loan? It was fascinating to get that firsr dose of impassioned hate mail, that."What am I supposed to do, starve?" we're asked. "A Realtor is just gonna send their business elsewhere if I can't close this deal." Oh, no! There's not another deal to be had, … [Read more...] about Getting Consumer Trust Back
Big hat tip to Keith at Housing Panic, if you're not reading that every day you're missing a major part of the story. This is hilarious. The fact that it was created by TheStreet.com is amazing. Enjoy. … [Read more...] about Uncle Angelo Ruined by TheStreet.com