Will processing delays force you from the business?
As we get further into the year licensing deadlines are approaching and processing delays will be inevitable. This will vary from state-to-state, but most are suggesting to allow up to 60 days to review each application, after EVERYTHING is completed and submitted to NMLS and the state regulatory agency. Currently, some states are taking over [...]
We may be in a difficult market…but one of the bright spots is the ability to increase your business using products for free that would have cost hundreds of dollars even thousands of dollars just a few years ago. One the best products I’ve found to expand our market, has been LivePresenter. This product has not [...]
Developing Your Business – Tip No. 4 – The Government offering No Down purchases?
In the midst of a collapse in the mortgage and financial markets and a tightening of credit underwriting guidelines, is it possible a true No Down Payment opportunity still exists, and is one you can actually get closed? As far fetched as it may sound, the answer is a resounding – yes, maybe! The American Recovery and [...]
Have you ever thought about your business hours? Not your company’s hours of operations, your business hours. Are you a 9 to 5 type? Or do you put in 70 – 80 hours a week? How would you define your hours of operation to your customers? Too often the mortgage industry is seen as open [...]
Turn on you local news, pick up a newspaper, read any blog or even listen to President Obama, the economy is in a serious recession and your business is likely to decline and possibly fail. Prepare yourself, cut your expenses, trim your staff and pray you can make it.
Today’s economy may provide your customers wealth building opportunities they may never have considered in the past. With traditional investment sources, such as the stock market, falling to 15 year lows, many consumers should consider moving their money to “Their Own Bank.” No not the bank down the street, but rather they should become their [...]
With our current economic times, we as consumers and business owners must become creative in our decision making. MTI has recently begun a blog series designed to provide sales tips for the residential mortgage finance industry, and ideas these professionals may use to benefit their clientele. Each week a tip or idea will be posted, [...]
If someone were to ask you to define your business in one statement, what would it be? Would you say something about your products or services? Would you say something about your service to the community or specialization in a particular area of town? Allow me to suggest a statement: “Everyone of an adult age I [...]
As we progress further and further into the 21st century we find ourselves engulfed in technology. Technology not only advances our society, it has changed our perception of the world. Think back as a young adult, around 16 to 18 years of age. You just got word that “Bon Jovi” was gearing up for a [...]
Mortgage Business After the 2009 Economic Stimulus Package
President Obama signed the American Recovery and Reinvestment Act of 2009 into law. So what does that mean for your mortgage business? Whether you’re in favor of the package or not, one thing is certain, the American public knows nothing about this $787 billion dollar debt. The average American knows our economy is in trouble, [...]
HUD AWARDS $312 MILLION IN DISASTER RECOVERY GRANTS TO HELP STATES REDUCE DAMAGES FROM FUTURE DISASTERS
WASHINGTON - U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan today awarded nearly $312 million to 13 states to invest in efforts to reduce the human, physical, and economic toll of future disasters. The grants announced today are provided through HUD's Disaster Recovery Enhancement Fund (DREF) and are intended to encourage states to undertake activities and long-term strategies that focus on reducing damages from future natural disasters.
HUD ANNOUNCES $189 MILLION AVAILABLE TO REVITALIZE COMMUNITIES
WASHINGTON - The U.S. Department of Housing and Urban Development announced today that it is making $189 million in grants available to transform public and assisted housing and to revitalize communities. Appearing in today's Federal Register are the Notices of Funding Availability, the federal application, for two revitalization initiatives: The Choice Neighborhoods FY 2010 and the HOPE VI FY 2010. Both applications can be accessed at www.grants.gov.
HUD CHARGES NORTHEAST OHIO LANDLORD WITH HOUSING DISCRIMINATION
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) today announced that it is charging Testa Family Enterprises, LTD, owner of Royal Arms Apartments in Ravenna, Ohio, and the complex's manager with housing discrimination for allegedly refusing to rent certain apartments to families with young children. HUD's charge alleges that manager Christine Testa and Testa Family Enterprises, LTD, violated the Fair Housing Act by limiting or refusing to rent to families with small children.
DONOVAN ANNOUNCES $65 MILLION IN AVAILABLE FUNDING TO SUPPORT COMMUNITY DEVELOPMENT IN INDIAN COUNTRY
SIOUX FALLS, SD - U.S. Housing and Urban Development Secretary Shaun Donovan traveled to a Native American community in South Dakota today to announce $65 million in available funding to support a variety of community development and affordable housing production in Indian country throughout the U.S. Donovan made the announcement following a tour of the Rosebud Reservation in South Dakota with Senator Tim Johnson.
OBAMA ADMINISTRATION HOUSING SCORECARD SHOWS CONTINUED PROGRESS IN HOUSING MARKET, BUT CHALLENGES REMAIN
WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today released the August edition of the Obama Administration's Housing Scorecard (www.hud.gov/scorecard), a comprehensive report on the nation's housing market. In July, housing prices remained level after 30 straight months of decline, while some price predictions have improved. In addition, historic low interest rates continued to promote home affordability and refinancing options for the nation's families. However, the market remains fragile with foreclosure starts showing a slight increase and serious delinquencies continuing to work through the pipeline.
Market Update – Releases Give Bleak Picture of Economy
Capital Markets Update – Dow Falls Over Fears of European Debt ...
Mortgage Rates – 4 Ways Your Finances Affect the Rate You Get ...
How the Job Market Affects Mortgage Rates ...
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Veterans: Should You Choose a VA Loan or an FHA Loan? ...
Conventional vs FHA Loans – Know Your Options ...
Getting an FHA Loan? Hurry Before the Insurance Rises ...
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Market Update – Full Week of Economic Releases Ahead
Capital Markets Update – Full week of Economic & Earnings Releases Ahead ...
Capital Markets Update – FOMC Meeting Triggers Sell-Off in Bond Market ...
Capital Markets Update – Drop in Jobless Claims Causes Bonds & Treasuries to Sell Off ...
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Capital Markets Update – Jobless Claims Down Slightly ...
Capital Markets Update – Drop in Jobless Claims Causes Bonds & Treasuries to Sell Off ...
Capital Markets Update – Jobless Claims Reports Mixed Results ...
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Why Aren’t More People Taking Advantage of Low Mortgage Rates?
Now is the Time to Take Advantage of Historically-Low Mortgage Rates ...
How the Job Market Affects Mortgage Rates ...
Veterans: Should You Choose a VA Loan or an FHA Loan? ...
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Market Update – Durable Goods Report Shows Economy Slowing Down
Quicken Loans Capital Markets Update – High Durable Goods Orders Show Factories Included in Economic Recovery ...
Quicken Loans Capital Markets Update – Pending Home Sales Show Slight Gain ...
Quicken Loans Capital Markets Update – New Homes Sales Report Exceeds Expectations ...
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New Home Sales Drop in August ...
New Home Sales Fall Due to Low Mortgage Interest Rates and Low Prices of Existing Homes ...
Low Rates Push New Home Sales Higher ...
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