Where did we come from? Why are we here? And where are we going? These questions have haunted mankind from our earliest days. And since this isn’t an article for Christian Business Daily, I’m afraid we’re going to have to remain haunted about the first two questions for a bit longer, because we’re not answering [...]
With over 500 million users, Facebook is now used by 1 in every 13 people on earth and of those people; the majority are now spending more time on Facebook than watching TV. With statistics like that, is it any wonder that more than 3 million businesses have moved their marketing dollars to Facebook. If [...]
Most people spend more time planning a single week of vacation than they spend planning for their entire business year. That staggering fact may also be why there are so few truly successful people in this world. Truly successful people are not fashioned by chance or luck, but by the ability to plan their [...]
Paper is the residue of success in the mortgage business, to paraphrase Branch Rickey, the former president of the Brooklyn Dodgers. Succeeding in the mortgage business, especially on the origination side, means that piles of paper will be collected, sifted through, reviewed, checked, and rechecked. Every borrower knows that to [...]
It’s easy to let the market get you down. I just looked at the news today after being on the road for the past week and I’ve got to tell you, it was a little disheartening. Jobless claims are “surprisingly” up, foreclosure notice of defaults are spiking, housing starts, new home sales, and [...]
Today, another victim of the foreclosure crisis took her own life. She was a disabled American veteran and her family was counting on me to help. And I let them down. You see, when I returned from a trip to Hawaii earlier this summer to meet with members of the state’s legislature on how [...]
I like to say that I am a rare breed since there are not a lot of independent loan processors (though it does seem to be gaining popularity) and even fewer of us who process for both wholesale and retail. While both groups have unique benefits and detriments, there is one commonality amongst these two [...]
The Federal Housing Finance Agency (FHFA) is Regulator to Fannie Mae, Freddie Mac and the Federal Home Loan Banks. The agency was created on July 30, 2008, as part of the Housing and Economic Recovery Act of 2008, replacing the Office of Federal Housing Enterprise Oversight (OFHEO). Congress believed OFHEO failed to properly [...]
I’ve recently seen ads on TV where mortgage companies have NOT been following the REG Z advertising rules. Now, Dodd Frank has tacked on the “Mortgage Acts & Practices” rules, that in addition to Reg Z, has defined who it applies to, recording keeping, what you can and cannot say, write about, advertise [...]
The Niche Report talks with Jennifer Miller, Executive Vice President of Products for a la mode By The Niche Report Celebrating 26 years as a technology leader, a la mode develops desktop, mobile, and Web tools for the real estate and mortgage industries. a la mode’s mission-critical products are used by hundreds of thousands of [...]
A lot of people don’t...
