Archive for the 'Blog' Category

Quicken – Lending Tree & Other Smoke and Mirrors

Thursday, July 21st, 2011

First of all – this is NOT an instruction to you to avoid calling these places.  Go ahead…  These are mostly lead capturing services – the lead will be farmed out to numerous mortgage companies who will fill up your inbox and ring your phone off the hook. What everyone has to understand is that […]

Jamie Dimon – You Really Suck!

Tuesday, June 14th, 2011

The aforementioned Mr. Dimon – head honcho at Chase, came out in a public meeting with Bernanke and said – we’ve gotten rid of most brokers – mission accomplished.  Does this scare you too?  A large corporation doesn’t like the fact that there is a section of the mortgage business that they don’t control, so […]

Civil Unrest – Is That Possible?

Tuesday, June 7th, 2011

James Carville mentions on Imus that if something doesn’t happen to the employment picture – civil unrest is possible.  Could that be?  We saw the demonstrations in Wisconsin when Governor Walker slapped the unions around – but they were civilized – no violence – by the way, I agree with what Walker did, further I […]

Pam Bondi

Tuesday, May 24th, 2011

First of all, let me congratulate all of us for making it through the apocalypse – according to David Letterman we didn’t get called to heaven because we’re all too fat – yeah probably.  Secondly, he had Lady Gaga on as a guest.  Now I’m 60 years old, so I don’t get most of what […]

Lender Paid/Consumer Paid

Thursday, May 19th, 2011

Not to get all esoteric on y’all but as of April 1st, companies like mine are compensated in two distinct ways. We have to choose one or the other and combining them is not allowed. We can be compensated in what are called Lender Paid Transactions or Consumer Paid Transactions. In both cases the net […]

I’m going broke

Tuesday, May 17th, 2011

This weekend I did some shopping – as a single guy, I am unaware of what anything costs, I just grab it and throw it in the cart.  Well I get to the check out and the bill was a little higher than I thought it would be.  I didn’t really think about it again […]

Whose Left?

Friday, May 13th, 2011

How many of you are out of the mortgage game for the foreseeable future – probably not that many if you’re reading this.  Ok How many have family, friends and neighbors that are out of the mortgage game.  They have screwed up their credit – their houses are underwater or whatever.  We used to be […]

Seriously – Why Would Anyone Get a Mortgage From a Bank?

Thursday, May 12th, 2011

This is a topic I have been really pondering lately.  Shops like mine used to get a much larger percentage of the business than we do now.  Why – because the banks have done the best job they can in marginalizing us.  Today for instance for best credit we are offering a 30 year fixed […]

Florida Mortgage News Update

Wednesday, June 24th, 2009

After running back up, Florida mortgage rates recovered somewhat this week. All eyes are on the Fed announcement (6/24 – 2:15 EST). This places rates about 1% lower than a year ago. However, there are still concerns that the interest rate increases over the past month could work against a recovery in the housing market. […]

New Housing Report – Southern Market Stronger Than Other Regions

Thursday, June 11th, 2009

A bit of good news?  Maybe the South and the Florida market are seeing that elusive bottom?  The Southern region of the United States posted the strongest quarter-over-quarter price returns in a new quarterly housing market report launched Wednesday by Clear Capital The bad news: The region still posted an overall decline of 1.7%. But […]