Named for the second consecutive year to this prestigious annual list MILFORD, CONNECTICUT – (August 29, 2011), Total Mortgage Services, LLC, a leading mortgage lender, announced today that it has been named to the 2011 Inc. 5000 list of America’s Fastest Growing Companies. The company was ranked as number 2,059 on the Inc. 5000′s [...]
Miami-area July home sales slowed more than usual from June – especially for $500,000-plus homes – and dipped slightly below the year-earlier level as sales of newly built homes dropped to a record low. The median sale price inched up from June but fell year-over-year for the 46th consecutive month, though the decline was the [...]
Greensboro, NC (August 24, 2011) – The Mortgage Bankers Association (MBA) has awarded Peter Fugaro, President of Prymak, a mortgage technology and marketing consulting firm, the Certified Mortgage Banker (CMB) designation. Fugaro joins a select number of real estate finance professionals who have exhibited their superior knowledge, understanding and competency in residential and/or commercial real estate finance by earning the CMB designation. The CMB, the highest professional designation for the real estate finance industry, [...]
Offering 5/1, 7/1 and 10/1 non‐convertible LIBOR Index ARM mortgages up to $2 million Available for borrowers with a 45% Debt to Income and 80% Loan to Value up to $1 million MILFORD, CONNECTICUT – (August 23, 2011), TMS Funding, the wholesale residential lending channel of Total Mortgage Services, LLC, announced today [...]
![Greed Kills[1]](http://www.thenichereport.com/wp-content/uploads/2011/08/Greed-Kills1-90x65.jpg "Greed Kills[1]")
There are many headlines and terms that have described the mortgage industry and our professionals over the last few years. Statements such as, We are mortgaging our future; The Loan Officer & American Greed; Taking advantage of the consumer; Predatory Lending; Loan Sharks; Car Salesmen & Loan Officers; Mortgage Fraud; Overly Leveraged; Brokers and Mortgage [...]
For anyone who actually believes mortgage brokers caused the financial crisis in this country, I have a great deal on Lehman Brothers stock for you. Several years ago, while being reprimanded during a Congressional hearing for putting “unsuspecting” home owners into bad loans, I responded with a now common response, “Mortgage brokers [...]
Twenty Four Years. Twenty four years I have been in this business. I remember just getting started in Vallejo California, January 1987. We had no pagers, no cell phones, 8086 personal computers (for the processors) that had no hard drives and ran off of 5.25″ floppy disks (some of you know what that means) [...]
A close friend of mine called me a couple of days ago to tell me that he had just heard from a contact he has at Bank of America’s loss mitigation department. His BofA contact had called to tell him that there would be a flood of foreclosures coming soon, as Fannie Mae [...]
Last Wednesday, a Milwaukee County judge ruled it perfectly legal for one lawyer to buy another lawyer’s name for search engine purposes (Journal Sentinel). When customers searched for a competitor’s name, this attorney showed his ad there instead. He ran Google ads that targeted people right at the point they were looking for [...]
Create new strategies and embrace this downturn In business, we are often faced with obstacles, regulations and frequent tests of our fortitude on our path to fiscal prosperity. Those whom have chosen to make a living in real estate and finance know this all too well, especially in recent years. Building a successful business [...]
A lot of people don’t...
