Mortgage Broker Forums at Broker Outpost

Poll: MAX DTI on your loans (by: smoothlid)

Curious to find out what kind of max back end debt ratios everyone is dealing with. Please respond with what you are capped at for FHA & CONV, and whether you are banker / broker / correspondent. If you would like to publish the name of the lender(s) thats a bonus. Were seeing a move in the market to 45%. Are you? Thanks! - Last Post by: smoothlid on 09/08/2010 @ 11:40 PM

1-4 NOO (by: Jack Straw)

I need an wholesale lender that can refinance NOO properties. The client currently has 6 financed 1-4 units. Thank you - Last Post by: Jack Straw on 09/08/2010 @ 11:39 PM

Any Lenders can do a 1x30? Refi R/Term (by: priorityfunding)

Please advise, - Last Post by: priorityfunding on 09/08/2010 @ 10:40 PM

FL church plans to burn Koran on 9/11 (by: LoanPro71)

Good or bad thing?... - Last Post by: LoanPro71 on 09/08/2010 @ 10:29 PM

352K+ MB/LO E-Mail Database - $379 BO Price! (by: datalyst)

Often Imitated - Never Duplicated [url="http://tinyurl.com/Broker-Outpost-Member-Pricing"]Real Estate Datalyst.com[/url]

WE MINE & SELL OUR OWN DATA - WE ARE NOT DATA RESELLERS� 95% E-Mail Address Hard Bounce Free Guarantee We are the ONLY business that will do ALL THREE services for you: 1. Sell e-mail address verified contact databases 2. Send your UNSOLICITED e-mail campaigns 3. Data mine websites for you We are the ONLY service who advertises SUPERIOR E-MAIL ADDRESS QUALITY because� We are the ONLY service that actually uses our own databases EVERYDAY You DESERVE BETTER than resellers � You DESERVE REAL DATA from the source [url="http://tinyurl.com/Broker-Outpost-Member-Pricing"]Real Estate Datalyst.com[/url]
YOU WILL ONLY FIND IT WITH DATALYST! MORTGAGE BROKER & LOAN ORIGINATOR DATABASE COMPLETE SEPT 2010 EDITION 352,000+ Active E-Mail Addresses Only $379 - Broker Outpost Member Price [url="http://tinyurl.com/MB-LO-Database-BO-Discount"]Get your MB-LO Database - Datalyst[/url] Hard Bounce Scrubbed and Verified Mortgage Broker & Loan Originator Database 352,000+ Active E-Mail Addresses Our National MB/LO Database is the most comprehensive, accurate and efficient internet marketing compilation specifically designed for e-mail campaigns to contact Mortgage Brokers, Loan Originators and Lenders around the country. ZERO duplicates or "bad syntax" addresses! It is the most efficient way to: Create business relationships in your own backyard or across state lines Generate your own leads for purchase loans and refis Create interest in the buying, selling & trading of lead data for all primary & secondary products/services - credit repair, debt settlement, loan mod, Mtg. Note Investing/Brokering, etc. Market your services such as Lead supplier, Title services, LO training, Notary, Processing, Back-end service processing, etc. Recruit new candidates & seasoned professionals into your organization You may have seen similar looking offers around the net for just such a marketing database. Why is OUR DATA different and why is it the source YOU should use? A Datalyst database is different because we are the data mining source of the information. We are not a reseller or an affiliate reseller of someone elses old, unfiltered and unreliable data. We are the source � the GUARANTEED source. We always offer our �95% E-Mail Address Hard Bounce Free Guarantee on all of our data. Why are we that confident in our data? We are that confident in our data because we use it every day. We use the very same database for our Datalyst e-mail marketing customers in their internet campaigns as well as our own internal marketing campaigns. YOU WILL NOT FIND A BETTER DATABASE ANYWHERE Chris Adams support@RealEstateDatalyst.com - Last Post by: datalyst on 09/08/2010 @ 10:25 PM

MARKET to REAs & Get DEALS from the SOURCE (by: datalyst)

Often Imitated - but Never Duplicated [url="http://tinyurl.com/Broker-Outpost-Member-Pricing"]Real Estate Datalyst.com[/url]

WE MINE & SELL OUR OWN DATA - WE ARE NOT DATA RESELLERS� 95% E-Mail Address Hard Bounce Free Guarantee We are the ONLY business that will do ALL THREE services for you: 1. Sell e-mail address verified contact databases 2. Send your UNSOLICITED e-mail campaigns 3. Data mine websites for you We are the ONLY service who advertises SUPERIOR E-MAIL ADDRESS QUALITY because� We are the ONLY service that actually uses our own databases EVERYDAY You DESERVE BETTER than resellers � You DESERVE REAL DATA from the source [url="http://tinyurl.com/Broker-Outpost-Member-Pricing"]Real Estate Datalyst.com[/url]
HERES HOW ITS DONE E-mail marketing is how many (if not most) "lead providers" get their info. For the professional marketers it is low cost, immediate, trackable and extremely effective. You can pay $30 per lead and be forced to buy in quantity, say 50 or so minimum. That would be $1,500 just to get the same data that might have been sold to 50 other LOs the same week regardless of some "exclusive" offer, depending on how much you trust the particular provider. Or you can GENERATE your own PRIVATE leads by doing the marketing yourself We have customers every day who do this and they keep coming back, so their business model must be working for them. Many admit they simply cherry pick the leads and then SELL the rest (usually paying for their marketing costs by selling the "unwanted leads"). This works for all lead types: purchase & refi, credit repair, debt settlement, loan mods, short sales, recruiting, etc. E-mail marketing can consistantly work, but it is not for everybody. You cant be shy or afraid about what others may think. It is just business - make a plan and work it.
REAL ESTATE AGENT CONTACT LISTSMarketing databases - All 50 states Real Estate Datalyst http://tinyurl.com/Broker-Outpost-Member-Pricing ALL DATABASES - IMMEDIATE DOWNLOADS - NO WAITING
***We can send your e-mail messages too***Small Drip Campaigns from 10K per day to Super Jumbo Campaigns of 5 million per month
352,000+ E-mail addresses for [i]Mortgage Brokers/Loan Officershttp://tinyurl.com/MB-LO-Database-BO-Discount 1.09 MILLION+ REAL ESTATE CONTACTS NATIONALLY!http://tinyurl.com/National-REA-BO-Discount Full Name - Business Name - Mailing Address - City/TownState - Zip Code - Phone NumberE-MAIL ADDRESS Databases are updated at least quarterly for superior e-mail deliverability $49 - $129 - Individual State Lists $199 - Jumbo State Lists California - 161,400+ Florida � 150,400+ Texas � 76,200+ $529 - National Real Estate Agent Database

CALIFORNIA REA JUMBO LIST This database now has 161,400+ contacts. http://tinyurl.com/CA-REA-Database-BO-Discount

FLORIDA REA JUMBO LIST This database now has 150,400+ contacts. http://tinyurl.com/FL-REA-Database-BO-Discount

TEXAS REA JUMBO LIST This database now has 76,200+ contacts. http://tinyurl.com/TX-REA-Database-BO-Discount

NATIONAL TITLE COMPANY LIST http://tinyurl.com/Title-CO-Database-BO-Discount

www.RealEstateDatalyst.com These are BROKER OUTPOST MEMBER Prices We have the LOWEST EVERYDAY PRICES you will find!Retail pricing[/u] - $79 - $229 per State Database ($329 Jumbo) & $879 for the National Database The databases are formatted in Excel Our website has easy .csv & text conversion instructions if needed

We would like to do business with you. Visit our automated website for more info. Please dont hesitate to contact us with any questions you may have. Thank you, Chris Adams Support@RealEstateDatalyst.com - Last Post by: datalyst on 09/08/2010 @ 10:24 PM

B2B E-Mail Campaigns--Send 25,000 - 10 Million! (by: datalyst)

Often Imitated - but Never Duplicated [url="http://tinyurl.com/Broker-Outpost-Member-Pricing"]Real Estate Datalyst.com[/url]

Commercial Bulk E-mail Campaigns[url="http://tinyurl.com/Datalyst-Campaign-Systems"]Send an E-Mail Campaign - Datalyst[/url] We ARE different from the rest We are (as far as we know) the ONLY commercial business who will send your UNSOLICITED commercial messages and also give you the OPTION to purchase & download the actual contact databases that we send to. Also, our complete infrastructure is ONSHORE ONLY - we thought you might like that.

HERES HOW ITS DONE E-mail marketing is how many (if not most) "lead providers" get their info. For the professional marketers it is low cost, immediate, trackable and extremely effective. You can pay $30 per lead and be forced to buy in quantity, say 50 or so minimum. That would be $1,500 just to get the same data that might have been sold to 50 other LOs the same week regardless of some "exclusive" offer, depending on how much you trust the particular provider. Or you can GENERATE your own PRIVATE leads by doing the marketing yourself We have customers every day who do this and they keep coming back, so their business model must be working for them. Many admit they simply cherry pick the leads and then SELL the rest (usually paying for their marketing costs by selling the "unwanted leads"). This works for all lead types: purchase & refi, credit repair, debt settlement, loan mods, short sales, recruiting, etc. E-mail marketing can consistantly work, but it is not for everybody. You cant be shy or afraid about what others may think. It is just business - make a plan and work it.

Every day we send: Plain Text - with 40 character hard carriage return format. The choice of serious plain text marketers�You know who you are! Text HTML - Full rich text formatted messages to your specification using Dreamweaver HTML - the preferred coding of most major mail servers today. Just forward your �ad copy to us and we do the rest. Click through links created in a snap! Graphic HTML - Nothing grabs a readers attention like great graphics! We can send your message with images and code all of the redirects. Just forward your "ad copy" and we can easily get your full image messages out in no time. Our current customers are having success with: Building REA relationships Creating their own exclusive leads Loans Loan Mod Credit Repair Short Sales Recruiting LOs Direct download/view website sales Subscription websites Loan rate guides E-books Powerpoint, video and other LO training materials Industry related spreadsheet & database programs Our Campaign setup: 1. Choose a database to send to - Select from our databases and target the prospects you really want. Some databases are quite large and that does not mean you have to send to the entire thing. For example: You could choose our MB/LO database with over 250K contacts and only send to a portion of the database - say 50K or 100K. We will always keep your campaign details on record, so when you want another campaign to more contacts we can eliminate the ones you already sent to, if you like, so you are sending to fresh ones! 2. Choose how many messages you want to send - Please review our pricing details below and plan your campaigns. We find that customers who take the time to plan their campaigns can actually SPEND LESS than those who are blasting on a wing and a prayer. 3. Message review - We will completely review your ad for various reasons such as checking for good grammar, spelling, syntax, tone and its spam rating cross section. We will run your message through "spam rating filters" to help increase the chance of your message getting to your readers. We may offer suggestions on wording or symbol usage, possible changes to your message and help you to format your ad so it delivers the maximum punch during your campaign. 4. Your review and approval - We will send you an HTML copy of your message (or a link to your HTML copy - whichever works best for you) for your review and approval. You can still make changes at anytime, but when you give us the "go" command your message will be sent and we cannot get it back. Please double check everything before you tell us to hit the send button. We are never in a hurry with your campaigns, so you can take your time. 5. Make your campaign purchase- Once you give us the command to send, we will still need to process your payment before we hit the send button. This will give you time to plan your campaigns and choose the best sending strategies that will work for you. We accept all payments via Paypal and we will send you a special purchase link for your campaigns. You can make your payment anytime before we send your campaigns. Campaign Pricing (minimum campaign) Up to 75K messages for $249 100K for $299 150K for $379 200K for $449 250K for $519 500,000 for $899 750,000 for $1,130 1,000,000 for $1,350 2,000,000 for $1,950 3,000,000 for $2,650 4,000,000 for $3,350 5,000,000 for $4,050 6,000,000 for $4,750 7,000,000 for $5,350 8,000,000 for $6,050 9,000,000 for $6,650 10,000,000 for $7,150 We have bigger discounts for the more aggressive marketers who desire 250K plus � 5 Million messages outbound each month (or each week!). We also recognize bulk sending prices for customers who are not doing million message blasts. For instance: Lets say you wanted to send four individual 50K message campaigns across a month or so. You could either purchase and send each 50K campaign separately ($199 X 4 = $796) or you could purchase a 200K campaign upfront for $449 and save $347 or about 43%. You can still have the messages sent on your schedule. Remember, you are in complete control of your marketing - you always have choices with us. We reserve the right to select times of day and to spread certain campaigns across multiple days. Target the prospects you really want and select from our databases. Some databases are quite large but, that does not mean you have to send to the entire list. For example: You could choose our MB/LO database with over 250K contacts and only send to a portion of the database - say 50K or 100K. We will always keep your campaign details on record, so when you want another campaign to more contacts we can eliminate the ones you already sent to, if you like, so you are sending to fresh ones! We find that most of our customers to date (small business marketing) are sending 50K - 250K twice per week until they see the numbers they want. Everybody has their own strategies and methods. Some customers use our service to simply increase direct sales at their websites. Others (MB/LO, loan mod, credit repair, etc.) use our sending resources to drive leads to their submit pages on their websites. Either way, we only charge to send the messages. We in no way charge commissions or lead fees. All sales and leads are the property of the customer only. That is just another reason why we are different from many other vendors out there. Our Campaign Must Haves: 1. Your subject line - Make it brief, catchy if you can and to the point - avoid "spammy" terms like "Buy Now", "Hurry", "Sale", "Big Discounts" & "spammy" symbols like $, &, *, !, etc. Spam filters dont like those. 2. A first & last name - This will be shown on the "from" line. It should be the senders real name (though we wont tell if it isnt). Avoid strange names as spam filters dont like those either. 3. A valid "reply to" e-mail address - This will also be shown on the "from" line. It will be subject to receiving auto responses (out of office, vacation, etc.) and the replies from your readers. It will also be subject to anyone who received your messages - so select it wisely. Many business folks dont like responding to non professional free domain addresses like gmail, hotmail, yahoo, etc. Put your best foot forward. 4. Your complete message - Include a one line title, if you like, in bold to get your readers attention. Tell them who you are so dont forget the name of your business. Keep your paragraphs to three short sentences at most - any more and you might lose the attention of your reader. Use bullets for multiple important points you want to get across. You should have some kind of a closing statement to wrap things up and include your business name again, if you like (take advantage and brand yourself). Lastly, dont be afraid to let them know who you are personally, if you like - include your name, mailing address, phone numbers (direct, cell, office, toll free, etc.), and your "reply to" e-mail address again for them to see in your message signature. Everybody sends different messages so dont be afraid to try something - swing for the fences! Remember, we do not charge extra for helping you put together a message, code your click through links or redirect graphics from your host server. We are not copy writers or graphic artists though, but if you have any questions at all - please feel free to ask. Also, we recommend the use of shadow domains when you reference to or have links to websites as well as your e-mail address domains. We want to help protect your business assets. The net can sometimes be a pretty strange place to navigate, so think like a boxer - protect yourself at all times. Yet, another reason why we are different from many other vendors out there. Protection for YOU and YOUR Business Domains We have campaign programs specifically designed to protect your business domains from being blocked, redlisted or blacklisted. We send your messages from our commercial bulk sending platform. We send from multiple Class "A" IPs and multiple domains. This will protect you from any spam complaints because they will simply be directed to our server � not directed to you. We have entered into agreements with the mail server community and are required to follow the multi feedback loop procedures. We jump through the hoops so you dont have to! We handle spam complaints from our commercial bulk sender platform. When you follow our recommended protocols you will not have to defend yourself against spam complaints from mail server administrators against your business domains. NOTE: Our only restrictions are that your content must be industry B2B related (or easily approved). We do not send campaigns related in any way to MLMs, dating/escort/other websites, prescription medications or OTC medications such as weight loss pills, gaming enticements or any other advertisements that may violate Federal or State laws. You have plenty of individual options You can use your own "reply to" address and receive all the replies (and autoresponders) or we can use ours and you will receive nothing at all - just the click throughs to your website. You also have the option of using a "shadow" domain to further protect your business domain. For instance, your domain may be loanbroker.com. You can set up a shadow domain called loan-broker.com or loanbroker.net. We can enter this as the "reply to" domain and you will receive all your replies, but it will send them to your campaign domain and protect your true business domain (we have found that recipients rarely pay attention or even notice the difference). You can simply forward your campaign domain replies to your business address account. You can then correspond from your real address if you choose. This will even further protect your business domains and addresses from complaints, block attempts and blacklists. It really depends on what you are marketing and how you want to receive customer responses. We would like the opportunity to design your individual campaign. Projects take just 1 to 3 business days to plan and execute Its as easy as�1 - 2 � 3 1. You choose the database you wish to send to, the number of times to send to the database initially and your campaign �name & �reply to address (this data is your campaign instructions). The database can also be purchased at the BO discount price along with your campaign. 2. You enter �Mail Project: & your BO user name as your subject line. Your campaign message (in an attached word doc if you choose), your subject line and your campaign instructions. We will review your project, reply to you with updated database counts, campaign agreements & billing information. 3. We will send you a test message for your approval & then send your campaign. Contact us today Chris Adams Support@RealEstateDatalyst.com - Last Post by: datalyst on 09/08/2010 @ 10:24 PM

Im getting an aneurism... (by: KHufford)

Im watching Obamas speach......Ugh..I need a qualude.. - Last Post by: KHufford on 09/08/2010 @ 10:22 PM

Working with a processor or process by yourself? (by: showtime240)

Do you like working with a loan processor, or do you prefer that you process your own files? I have been processing my own files but recently I have more files than I can handle and I wind up using our company loan processor. Frankly, I cant stand a 9 to 5 mentality as when I process my own files there are no hours limit (I am good at running DUs around midnight!). Your opinion and experience is welcome. Peter - Last Post by: showtime240 on 09/08/2010 @ 9:56 PM

Natl SAFE Test (by: richrano)

Any suggestions as the best and least expensive way to study for the test? - Last Post by: richrano on 09/08/2010 @ 9:41 PM

House of Leads is a FRAUD (by: loannetpro)

You may have heard of House of Leads, Mike Panday. Stay clear away from these clowns, their a fraud. Approximately one money ago, I purchased leads from Mike Panday with House of Leads, as of this date, one month later, I still have not received my leads. I have requested for a refund, and I have not received that either. This is a company based in New Dehli India, stay away from them. Do not do any businss with these guys, its bad news. - Last Post by: loannetpro on 09/08/2010 @ 9:40 PM

FHA Streamlines w/ Manf home (by: Ruby2sdae2)

Any lenders doing these - appraisal or not... - Last Post by: Ruby2sdae2 on 09/08/2010 @ 9:38 PM

Stated In Hawaii?? (by: ntoler)

Aloha, does anyone have stated in hawaii? I have a self emp borrower with 703 fico that wants to refi his place, Thanks Nathan - Last Post by: ntoler on 09/08/2010 @ 9:30 PM

One thing I really like about this lender is that. (by: BMill)

Ok, here goes - Just started using Direct again and after the edocs go out, there is a credit explanation letter in there and credit inquiry letter in there that the borrower just adds their statement and does the e-sign - what a time saver - and then after signing, they can order their own appraisal with their OWN credit card! So empowering!! - Last Post by: BMill on 09/08/2010 @ 9:27 PM

CHF Access .5% down product (by: cplrenteria)

Who has access to this product in California? FHA 96.5% 1st 15/15 2nd for the other 3% Then cash for the .5% remaining down payment. Bueller? - Last Post by: cplrenteria on 09/08/2010 @ 9:19 PM

Unemployment may rise toward 10% .... (by: Mile High)

Unemployment in U.S. May Rise Toward 10% on `Feeble Growth By Timothy R. Homan - Sep 6, 2010 9:00 PM PT The jobless rate in the U.S. is likely to approach 10 percent in coming months as the economy fails to grow quickly enough to employ people rejoining the labor force, according to economists at BofA Merrill Lynch Global Research and Morgan Stanley. Private payrolls climbed 67,000 in August, after a gain of 107,000 the previous month, and the unemployment rate rose to 9.6 percent, Labor Department figures showed Sept. 3. The economy expanded at a 1.6 percent annual rate in the second quarter, down from 3.7 percent in January through March. Employers including government agencies have added 723,000 workers to payrolls so far in 2010, showing itll take years to recoup the 8.4 million jobs lost during the recession, the biggest employment slump in the post-World War II era. Still, the August employment report eased concerns the economy will falter and may postpone action by Federal Reserve policy makers aimed at bolstering the recovery. �Growth is too sluggish to successfully bring down the unemployment rate, said Michelle Meyer, a senior economist at BofA Merrill Lynch in New York. �At this stage, about one year into the recovery, this was still quite feeble job growth. BofA Merrill Lynch says the jobless rate will peak at 10.1 percent next year, up from a previous projection of 9.5 percent, with growth slowing to 1.8 percent for all of 2011, down from an earlier estimate of 2.3 percent. Federal Reserve The employment report, together with figures last week showing manufacturing expanded faster than forecast in August, reduces the odds that the Federal Open Market Committee will ease policy at its next meeting on Sept. 21, economists said. The data also bolstered Fed Chairman Ben S. Bernankes view that the conditions are in place for a pickup in growth in 2011. Neal Soss, chief economist at Credit Suisse in New York, said in a Sept. 3 note to clients that the economy will expand at a 2 percent rate this quarter, compared with a previous projection of 2.5 percent. He also revised his forecast for the unemployment rate, saying it will end the year at 9.6 percent instead of 9.2 percent. Unemployment, which reached a 26-year high of 10.1 percent in October, will average more than 9 percent through 2011, according to a Bloomberg News survey last month. President Barack Obama yesterday proposed spending at least $50 billion to rehabilitate the nations transportation infrastructure to help spur the economy. At a Labor Day rally in Milwaukee two months before midterm congressional elections, Obama called for a six-year program to fix roads, railways and runways, and to modernize the air- traffic control system. �All of this will not only create jobs now, but will make our economy run better over the long haul, Obama said. Tax Credit The president will also urge Congress to permanently extend and expand a research-and-development tax credit for businesses, according to two administration officials. The plan, which hell announce in Cleveland tomorrow, would cost about $100 billion over a decade. Obamas approval ratings have slipped and support for the Republican Party has grown during the summer months amid signs the economy was cooling. A USA Today/Gallup Poll completed Aug. 30 found Americans believe Republicans in Congress would do a better job on the economy than Democrats, by 49 percent versus 38 percent plurality. Overall employment, including government agencies, fell 54,000 for a second month, the Labor Department report showed. The decrease reflected a 114,000 drop in temporary workers hired by the government to conduct the 2010 census. Census Winds Down The unwinding of census employment distorts the payroll figures for months as the government dismisses workers as the count winds down. For that reason, economists say private payrolls, which exclude government jobs, are a better gauge of the state of the labor market. U.S. Stocks rose and Treasuries fell following the Sept. 3 employment report. The Standard & Poors 500 Stock Index rose 1.3 percent to close at 1,104.51 in New York. Ten-year Treasury yields climbed to 2.71 percent from 2.63 percent the day before. Economists at Morgan Stanley in New York, led by Richard Berner and David Greenlaw, are forecasting growth at a 2 percent pace for the last three quarters of 2010. �Such tepid growth implies a higher unemployment rate at year-end, perhaps 9.7 percent rather than the 9.4 percent we had assumed, the economists said in a research note. The so-called underemployment rate -- which includes part- time workers whod prefer a full-time position and people who want work but have given up looking -- increased to 16.7 percent in August from 16.5 percent. The figures also showed long-term unemployment dropped. The number of people unemployed for 27 weeks or more fell as a percentage of all jobless to 42 percent from 44.9 percent. Some export-oriented companies are boosting staff as the global economy shows stronger signs of growth than the U.S. Peoria, Illinois-based Caterpillar Inc., the worlds largest maker of construction equipment, said last month it may add as many as 9,000 workers worldwide this year as sales climb in developing markets. To contact the reporter on this story: Timothy R. Homan in Washington at thoman1@bloomberg.net http://www.bloomberg.com/news/2010-09-07/unemployment-in-u-s-may-rise-toward-10-on-feeble-growth.html - Last Post by: Mile High on 09/08/2010 @ 9:16 PM

REO Listing Agent thinks shes Ari Gold (by: kellamtom)

In the middle of closing a purchase where the REO property has all appliances missing Of course, the appraisal condition reads appliances needed, re-inspection needed...this is normal but get this, I call the listing agent who is double ending this by the way (The borrower went directly to her because he actually wanted his offer to get accepted), and explain to her that the borrowers money is completely tied up and that if she could check to see if the seller would credit or help with appliances...her answer, and I Quote: "tell him to go find cans or bottles to sell, I cant help you figure it out" and then she hangs up on me. Is this the market we are in right now? Even in my hay day 2003-2005 when we were making $200-300k with s h it splits in our sleep, I never talked to people this way. I never treated my clients or business partners this way...Unreal - Last Post by: kellamtom on 09/08/2010 @ 8:45 PM

Seasoning Requirements (by: NICHE GUY)

I am looking for a lender that doesnt have 6 mos seasoning requirements since the borrowers purchase/refinance. I have A paper clients that have refinanced recently (within 2 months) looking to get a lower rate. I also have investors who have purchased homes (all cash), and are having trouble getting cash out (w/out using hard money) because of seasoning requirements. These are A paper clients as well. I appreciate any suggestions! Nate - Last Post by: NICHE GUY on 09/08/2010 @ 8:36 PM

Help with Jumbo (by: NICHE GUY)

Loan Amount: $2,015,000.00 LTV: 65% Cash out Full doc Owner Occ 720 fico California 30 year fix Im trying to stay away from hard money. - Last Post by: NICHE GUY on 09/08/2010 @ 8:34 PM

Gold breaks out:: (by: Kilesguy)

http://www.kitco.com/charts/livegold.html - Last Post by: Kilesguy on 09/08/2010 @ 8:30 PM

Trust Lending? (by: aleksandarbozovic)

I have a client trying to purchase a home for 430K. He has a sizable trust that just started paying him (his parents passed away in July). The trustor is setting him up for regular pay, the trust is there to pay the mortgage (millions of dollars in assets and property). My problem has been that he is in college and the last 2 years does not show money being made. He was (and is) a college student. Do any lenders lend using the new income and assets with no income history? It is all court certified that he is getting the amounts per month now and the trust is there to handle the mortgage. I have tried an asset loan but they dont want to move the asset from the current financial planners. They will put down whatever amount of money. They just want a competitive rate. Please let me know. Mike - Last Post by: aleksandarbozovic on 09/08/2010 @ 8:29 PM

Kuran, Koran, quran (by: homebroker@sbcglobal.net)

What the heck is the proper spelling? Ive seen all versions spelled just on this forum? I believe the book itself is "kuran" right? Anyhow... Has anyone here read it? Thoughts? - Last Post by: homebroker@sbcglobal.net on 09/08/2010 @ 8:23 PM

Rapidly increasing your fico.. (by: lobb)

My wife and I are trying to do a streamline or refi for our home right now. Her fico just recently fell a little to where we cant qualify. What would be the fastest way to bring up her fico? Pay off a collection of $347 or pay down one of the credit cards? Any help is appreciated..Ive been out of mortgages for so long. We are sort of close to getting it done.... - Last Post by: lobb on 09/08/2010 @ 8:06 PM

Quran burning (by: Kilesguy)

I have done quite a bit of research over the last few days. And you guys know I am as conservative as they come. The question I have is why arent some of the top Republicans coming out and condemning this action. Especially if Petraeus thinks it will put out troops in danger. JUst doesnt make the GOP lok very good. JMO - Last Post by: Kilesguy on 09/08/2010 @ 8:03 PM

Machete 2010 (by: scottee10)

You HAVE GOT to be kidding me. Who the frig okd this movie and look at the cast of stars that are in it. Machete this..It should be boycotted... http://www.youtube.com/watch?v=hIxcVzwLR1k - Last Post by: scottee10 on 09/08/2010 @ 7:41 PM

How to get "sponsored" by a Mortgage Broker (by: DRB)

I am a real estate investor in Illinois. I do alot of seller financed deals in my business as do alot of my colleagues. With this new SAFE Act licensing requirements, it seems to me that there is a business opportunity in providing services to investors who do seller financing (they need to be licensed now). I have studied the NMLS material and am prepared to take the tests but one of the requirements is being "sponsored" by a Licensed Mortgage Broker. I dont know how this works. I simply want to offer services in this investor niche. Is it going to be necessary for me to become a Licensed Mortgage Broker as well or are there firms out there who will "sponsor" people freely? Any help is appreciated. Thanks Eric - Last Post by: DRB on 09/08/2010 @ 7:15 PM

Continuing to Get Hosed with HVCC (by: DRB)

I wanted to see if anyone else is continuing to get hosed with the HVCC process? I have had numerous deals where the appraised value is not only coming in conservative, but low compared to the comps. My Biggest gripe is still that any appeal goes to the appraisers and as of yet, not one appraiser has been willing to change adjust their value at all. Regardless of what i provide to justify a higher value they all say value stands as is. Purchases and refinances alike. Im not a rookie LO, so its not like I just hope values come in, I look at recent comps and neighborhood factors before I get an estimate of the value. I have deals where I am getting appraisal waivers based on DU findings and my appraisals are coming in 15-20% below that. Just curious what other experiences are out there, and if you have had any luck getting appraiser to adjust their values - Last Post by: DRB on 09/08/2010 @ 7:09 PM

Unfunded union pensions (by: darkstar)

As we continue to spiral out of control with the zero at the helm, the unions continue to put a hurting on the taxpayers. We need to be a union free country. The shiit is fallin and the fan is cranked up. Sad part is, not many Americans really have a clue what is going on. Rome is burning. http://thehill.com/blogs/on-the-money/801-economy/117291-businesses-and-unions-to-meet-on-possible-pension-disaster?page=2 - Last Post by: darkstar on 09/08/2010 @ 6:27 PM

Hard $$ In Fl(( Commer/Invest/sfr/Foreign Nat (by: HardMoneyLending)

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Seasoning Requirements (by: nsingh)

I am looking for a lender that doesnt have 6 mos seasoning requirements since borrowers purchase/refinance. I have A paper clients that have refinanced recently (within 2 months) looking to get a lower rate. I also have investors who have purchased homes (all cash), and are having trouble getting cash out (w/out using hard money) because of seasoning requirements. These are A paper clients as well. I appreciate any suggestions! Nate - Last Post by: nsingh on 09/08/2010 @ 5:58 PM