Home » July 28th, 2009
Entries posted on “July, 2009”
Adds underwriters to meet refinance growth, surge in home purchasing demand
Waukesha, Wis., July 28, 2009 Inlanta Mortgage, a mortgage banker since 1993, has dramatically expanded its in-house underwriting since receiving its full Eagle approval with FHA in April with the addition of two underwriters. The company now has three full-time DE underwriters with a combined 45 years of experience, specializing in FHA, USDA and conventional mortgages, including one who is VA-approved, which will allow Inlanta Mortgage to add VA underwriting in the near future.
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July 28th, 2009 | Posted in Uncategorized | Read More »
The Nation’s Largest Loss Mitigation and Modification Provider Selects Mortgage Cadence as Their Technology and Document Services Supplier
Urban Settlement to Leverage Mortgage Cadence as they Scale their Business to a Projected 300,000 Loan Modifications a Month by Year End
DENVER, July 28, 2009 â
July 28th, 2009 | Posted in Uncategorized | Read More »
LOS ANGELES, CA – July 13, 2009 – Commercial real estate industry veterans, Leslie Lundin, Doug Beiswenger and David Goldman have announced the formation of LBG Realty Advisors, LLC, a privately-held, vertically integrated real estate company that has been established to buy distressed debt and retail properties and make joint venture equity investments in the western United States.
To form LBG, Lundin, who was formerly the SVP, National Director of Originations for Inland Mortgage Capital Corporation, partnered with Beiswenger and Goldman, principals of Allied Retail Partners, LLC. LBG is unique in the investment world as one of the few investment firms that are woman-owned and have principals with backgrounds in all facets of real estate, including finance, investments, development, operations and retail leasing.
July 14th, 2009 | Posted in Uncategorized | Read More »
“What’s HVCC?” I believe those were the exact words I used in response to being asked by the editor of this magazine to write a July cover story on the Home Valuation Code of Conduct.
“But I don’t know anything about appraisals, much less the appraisal industry.” Those were my next words. “All I know about appraisals is that my mortgage broker orders them, and someone has to wait at home for the appraiser to arrive, a job that has historically fallen to my wife.” We’ve purchased three homes and the truth is that I’m not even sure I’ve ever actually met an appraiser.
July 7th, 2009 | Posted in Articles | Read More »
An IRA can prevent an IOU to the IRS
This will be the first in a six part series of articles on using your IRA to invest in non-traditional investments such as mortgages.
Since their establishment in 1975, IRAs have become a vehicle of choice for long-term retirement savings. Several years later, the IRS included employer plans such as 401(k)s to permit pre-tax savings via payroll deduction. The success of these plans has been staggering, with over $4.5 trillion held in IRAs representing over 48 million households.
July 7th, 2009 | Posted in Articles | Read More »
What Is The Definition Of “Small” Commercial Hard Equity Loans?
For the purposes of this article, small commercial Hard Equity loans are loans on commercial real estate valued between $100,000 and $1,000,000.
Why pick such a narrowly defined range? First, the typical mortgage broker will see this range for most commercial loans.
Second, properties valued between $100,000 and $1,000,000 tends to finance and/or sell quicker than lower or higher valued property.
Third, every additional cost (attorney fees, carrying costs and real estate commission) is higher as a percentage of value on a lower valued property as compared to a higher valued property.
July 7th, 2009 | Posted in Articles | Read More »
Over the last two years The Niche Report has highlighted many valuable industry companies to help you better serve your clients. This month is no exception. Entitle Direct is a national insurance company who, along with being a price leader, is working very hard to EARN our business. Tim Dwyer, CEO of Entitle Direct Group, Inc., talks about how thirty years in the insurance business has primed them to be a huge success in a turbulent market.
Tell me about ENTITLE DIRECT
Let me start with EnTitle Insurance Company. We?ve been writing title insurance for over thirty years. It is the only title insurance company that markets and sells title insurance direct to consumers at savings of up to 35% or more. We cut out the middleman and their high commissions. It?s a revolutionary way to purchase title insurance and it saves consumers a significant amount of money at closing. ENTITLE DIRECT is the direct channel for EnTitle Insurance Company.
July 7th, 2009 | Posted in Archive,Articles,Center Stage | Read More »
Definition of manageability: that which can be managed; governable; tractable; contrivable
Three time 500cc Grand Prix Motorcycle Racing World Champion Wayne Rainey improved his overall performance in part by creating an incremental method of improving performance. Part of that formula was to make his motorcycle handle better. In the business world, this equates to manageability.
Before attempting to quantify manageability, it is worth deciding specifically what manageability is. The ISO-9000 standard for the evaluation of quality defines maintainability?a “close cousin” of manageability?as a set of attributes that bear on the effort needed to make specified modifications: stability, analyzability, changeability, and testability.
July 7th, 2009 | Posted in Articles | Read More »
Destroying Home Value… One Neighborhood at a Time
For the record, I waited for 18 months for some sort of housing rescue plan from someone in the White House. I watched President Bush threaten to veto the housing bill for 10 months before signing it into law on July 30, 2008, if memory serves. That plan had a $300+ billion price tag, which might have bothered some people, but soon everyone saw that there was no possibility of that money being spent, as the plan could only help a dozen or so homeowners tops. So, I went back to waiting.
Back then I read the comments made by FDIC Chair Sheila Bair about how we needed to modify mortgages and I?d think… ?Wow? a Bush appointee with a brain. Who would have ever thought?
July 7th, 2009 | Posted in Archive,Articles,Bringing Up the Rear | Read More »
Fannie Clarifies Guideline Changes: Underwriting, Eligibility & Property Related Updates (Announcement 09-19)
Sweeping changes in the 9-page Announcement 09-19. There are so many minor little changes that can trip you up. Date of documents, the “highly recommended” (translation = you better do it or else!) 4506-T, Verbal VOE (seriously they label it Verbal VOE but then say you can get a written VOE within 10 day’s in lieu of a Verbal VOE, ugh!!), changes to how you calculate reserves, etc. At the end of the day, you better get to know all of these changes so you can head off problems with loans that could have been avoided. Space does not permit us to print ALL of the changes, but here are just a few:
July 7th, 2009 | Posted in Articles | Read More »
A lot of people don’t...
