MortgageVox: September 2006 Archives

Know More: FAQs, Mortgage Brokers 2.0, FAQs

Every now and then I get to hear the local radio programs in the morning if I am out running errands. There has been this advertisement for Altus Home Loans running for a very long time. So much so that my husband had even been considering their program. I explained to him that I did not believe this was a reputable copmany and why I felt that way. Here in our paper two days ago it shares that a mortgage broker failed to pay taxes. Lo and behold, it is that very company that I felt uneasy regarding what they were offering. I have to share this with several people because they might fall for this as well. So glad I was paying attention to all of the different mailings and wording on documents.

Posted at 4:42 AM | Permalink

When I think of a red flag, it makes me think stop. Go the other way, do not proceed. What about you? Someone was telling me about predatory lending a few months ago and was asking how to aovid it.... Continue Reading

Posted at 4:30 AM | Permalink

Here at last is something that a lot of people in Colorado have been waiting on. Clearly the fact that Colorado was number one in the nation for several months in foreclosure says the industry was not regulated. Now, October... Continue Reading

Posted at 3:33 AM | Permalink

When you have bad credit and are trying to boost your credit score for a loan, there are several things you should know. First and foremost, getting an increase in credit score takes time with re-establishing good credit. Time and... Continue Reading

Posted at 2:25 AM | Permalink

I had heard of subprime loan without really knowing what it is. So today was the day I did a little research regarding subprime loans. That is one of my motto's if you do not know about something, look it... Continue Reading

Posted at 1:30 AM | Permalink

There has been various stories in the media where different organizations have taken advantage of African Americans and Hispanics when it comes to their lending policies. I believe part of that is because of a lack of understanding the information... Continue Reading

Posted at 12:35 AM | Permalink

I imagined FHA had its own lender program. What I did not know was that it would be as stringent as it appears. I wonder how long it takes a corporation or organization to be approved as a lender. Especially... Continue Reading

Posted at 11:30 PM | Permalink

According to the Business Journal of Phoenix, a Connecticut mortgage firm is bringing 650 jobs to north Phoenix over the next three years. This is good when in some areas it seems as if the economy is not growing as... Continue Reading

Posted at 10:20 PM | Permalink

What sense would it make for me to write this blog without sharing this news from DS News. Apparently, there has been a lawsuit filed by Countrywide accusing organizers of buying homes then fraudulently selling them. Ok, true enough that... Continue Reading

Posted at 9:30 PM | Permalink

In my opinion, I do not believe it is mainly appraisers. Sure there are those that are inflating property values which hurt a lot of people in the long run. However, this is not the only form of mortgage fraud.... Continue Reading

Posted at 8:25 PM | Permalink

When you are preparing to purchase a house, I am sure you have heard it is a lot of paperwork. There is a lot of paperwork that you will receive in the beginning and throughout the process. Even when you... Continue Reading

Posted at 7:20 PM | Permalink

Mortgage fraud is becoming the every day crime in my opinion. Not only are people in the mortgage industry committing fraud but attorneys, some pastors and even federal workers. This time the story comes from Gwinnett Daily Post about a... Continue Reading

Posted at 6:20 PM | Permalink

I came across this story on WBALChannel.com sharing how “Officials Warn of Mortgage Fraud.” Upon reading this story, it is one that I have heard before that happens to elderly or ill people. You might even say people that are... Continue Reading

Posted at 4:20 PM | Permalink

If you are like me and watch TV, the mailings that come in you will see there are many lenders in every state. If there are not a lot of lenders within your state you can find online lenders that... Continue Reading

Posted at 3:20 PM | Permalink

This is what I like to see homebuyer education at its best. Housing services in Duluth have received a grant to help with a wide variety of housing counseling for homeowners, low-to moderate income renters and homeless. What an opportunity... Continue Reading

Posted at 2:34 PM | Permalink

Is a secured credit card a good idea or a bad idea for someone trying to establish good credit? Well, Kelly this is a subject that I have touched on a couple of times when giving seminars on credit. A... Continue Reading

Posted at 1:30 PM | Permalink

Once again, here is one of those stories that I just had to read. This time it was a story in our local paper, The Denver Post. The story is titled "Mortgage amnesia hits home." from the title alone, it makes... Continue Reading

Posted at 2:53 AM | Permalink

Expansion is happening for this mortgage company and location is very important. new mortgage firm which had its formal opening showed how storefront space could be best used. Money Market Mortgage, now there is a name for you secured space... Continue Reading

Posted at 1:35 AM | Permalink

I probably could tell you these steps in my sleep. I have been speaking so much over the last couple of weeks about homebuying, I believe it is worth repeating. These are steps you want to take in this order... Continue Reading

Posted at 12:35 AM | Permalink

Every once in a while you come across a story where people begin fighting back personal or professional and you want to pat them on the back. This is one of those times. This organization, Lenders Who Care is standing... Continue Reading

Posted at 11:53 PM | Permalink

I have to share this is one of those topics that always seem to interest me. Whenever a company or organization has a conference where you can meet colleagues or even new partners, I would be there. On Monday, September... Continue Reading

Posted at 10:53 PM | Permalink

This is one of those stories that I could not pass up that I saw on HUD website. Why because it is talking about HUD reaching a $500,000 settlement with a mortgage company in Atlanta . Apparently what happened is... Continue Reading

Posted at 9:55 PM | Permalink

We have all saw several stories in the media about how the housing market has been difficult. Let me share with you what I have seen makes the housing market particularly challenging at this time. 1) Without a doubt... Continue Reading

Posted at 8:55 PM | Permalink | Comments

After sharing tons of information with the audience last night in a short amount of time, this made me want to write this. Over and over I was getting a lot of questions as these people were preparing for homeownership.... Continue Reading

Posted at 7:58 PM | Permalink

As I was sharing with the class last night, I wanted to impress upon them the importance of understanding the loan process. I shared with several types of mortgages: 1) A traditional, 30 yr fixed mortgage. One gentleman asked... Continue Reading

Posted at 6:55 PM | Permalink

I did a seminar last night at one of our local libraries which was in a series of seven that I completed throughout the month. I initially was there to speak and teach on money management and dealing with debt.... Continue Reading

Posted at 5:53 PM | Permalink | Comments

Being in the mortgage industry can prove to be challenging at different times based on the need for leads. Leads drive the business and keep a loan officer employed because without leads there would not be a need for a... Continue Reading

Posted at 5:34 PM | Permalink

I received a comment tonight from the Senior VP at Topdot Mortgage. I want to say thank you to the Senior VP for taking the time to read my blog. I want to share part of what he had to... Continue Reading

Posted at 3:19 AM | Permalink | Comments

As I was reading over news that relates to mortgages and homeowners, I read this story from Asbury Park Press regarding people falling behind on mortgage payments. The following are five states where people are falling behind on mortgage payments:... Continue Reading

Posted at 2:13 AM | Permalink

I have to share this link with you all because I found it to be very informative. A fellow blogger from Colorado shared this link with me. Thanks Todd from Lenderama. This has proven to be a very informative blog... Continue Reading

Posted at 1:05 AM | Permalink

I have known about multiple listing service for a while based on several factors: when we were in the process of selling our home our realtor listed it with the MLS here in Colorado and there were several companies here... Continue Reading

Posted at 7:13 AM | Permalink | Comments

It seems as if home auctions are becoming the norm in several states. I did not know anything about homes being auctioned just a few months ago and know I read stories about this all the time. The last time... Continue Reading

Posted at 6:09 AM | Permalink

I saw this term earlier and immediately got a bad taste in my mouth. Why you say? Because of the word negative. This already tells me that you are going to be going in the opposite direction of where you... Continue Reading

Posted at 5:08 AM | Permalink

When I saw this title as I was reading releases on prweb.com, I had to stop and see what they were talking about. This company is suggesting you get into a rent to own program for those with bad credit.... Continue Reading

Posted at 4:06 AM | Permalink

My husband used to photograph and print real estate flyers for several realtors here in the Metro area. I cannot not tell you the number of times the realtors would tell him, I got a new customer based on the... Continue Reading

Posted at 6:33 PM | Permalink | Comments

I would have to think there are a lot of costs involved besides moving the house. Are you prepared to purchase a lot? Where will the lot be and is it going to be in a neighborhood you can afford?... Continue Reading

Posted at 5:30 PM | Permalink

Does anyone really buy a home for a $1. I have to admit upon seeing this on the email that was forwarded to me from a friend, I was quite skeptical. However, curiosity set in and I had to see... Continue Reading

Posted at 3:29 PM | Permalink

When my husband shared with me about our friend and the house, I told him our friends should be happy they have a good realtor. I said this primarily because if that inspector had been working on the side of... Continue Reading

Posted at 2:27 PM | Permalink

It has been a busy morning in our household discussing the real estate market and people in the industry. I was sharing with my husband about my interview. He shared with me about some of our friends that chosen a... Continue Reading

Posted at 1:25 PM | Permalink

This morning I did a radio interview with The Valder Beebe Show regarding my book Homebuyer’s Helper (How to Have and Hold on to your House). I shared with Ms. Beebe that a consumer can have their payment for their... Continue Reading

Posted at 12:22 PM | Permalink

We have all read over and over about foreclosures in many states. As a matter of fact, initially it surprised me all the different states that were reporting a higher number of foreclosures than they had ever had in the past. I read... Continue Reading

Posted at 5:00 PM | Permalink

As a mortgage broker, banker or lender have you ever thought about educating consumers about foreclosure and how to avoid foreclosure? I would believe with all the stories regarding foreclosure and people sharing how unprepared they are, this would be... Continue Reading

Posted at 4:30 PM | Permalink

When in the real estate and mortgage industry, job security is not necessarily a term that is popular at this time. There are companies that are merging and some companies are closing down. I thought Countrywide was doing real well... Continue Reading

Posted at 3:30 PM | Permalink

I knew there was a slow down in the housing market, but I did not know that was one of the reasons that the Federal Reserve policymakers cited the housing slump as one of the reasons economic growth is... Continue Reading

Posted at 2:04 PM | Permalink

According to a story I read on CNN.com, housing is still overpriced even in the apparent market cool down. What does this say? Was it because of the higher interest rates that we all witnessed recently or the ARMs that... Continue Reading

Posted at 7:20 PM | Permalink

We did not quite categorize it this way as this TV station in Seattle that said Homeowners are sitting ducks for exploitation. However, as we discussed loans and purchasing a home during our virtual book tour today we shared how... Continue Reading

Posted at 6:30 PM | Permalink

Today my partner and I discussed purchasing a house during our Virtuous Woman Virtual Book Tour. This day was dedicated to sharing with our attendees about purchasing a house and obtaining a mortgage from a consumers perspective. We shared with... Continue Reading

Posted at 5:35 PM | Permalink

This is one area that is well worth writing about. If as a mortgage broker, banker or lender you take the time to educate your clients about the mortgage process, do you realize the potential for growth you are going... Continue Reading

Posted at 4:24 PM | Permalink

I received a comment from a reader regarding the Ex-Lender sharing secrets. I must agree with him as consumers, we should take on some of the responsibility for the choices we make. It is not all the lender or brokers... Continue Reading

Posted at 3:19 PM | Permalink

We have all heard in the media about the glut of houses that are on the market. This has lead to builders confidence dropping. That is understandable because if there are more returning to the market from foreclosures, what would... Continue Reading

Posted at 5:36 PM | Permalink

I believe this is good news for the mortgage industry. Mortgage applications are on the rise again. Applications had been down for some time and hurting a lot of people in the mortgage industry. I read today on CNNMoney that... Continue Reading

Posted at 4:32 PM | Permalink

I thought this worth my continuing about the ex-lender who is sharing all. He has actually written a book on this subject. Now, not only did he make money when he was in the mortgage industry and now he continues... Continue Reading

Posted at 3:26 PM | Permalink

Imagine my surprise when I saw this story on BusinessWeek regarding this ex-mortgage lender that spills the secrets. Someone who is telling all. Maybe he is not telling it all but some details. Think about it, how many peope are... Continue Reading

Posted at 2:20 PM | Permalink | Comments

Lo and behold yesterday, I was contacted by another mortgage blogger. Imagine how pleased I was when I discovered that this blogger was also in Colorado. I must admit I had been to his blog when I first started and... Continue Reading

Posted at 1:09 PM | Permalink

When I saw this earlier, I meant to write about it then but was temporarily distracted. I was looking at the Memphis Business Journal and it shares a story about Equity Inns complete a $50M mortgage debt offering. This $50M... Continue Reading

Posted at 8:21 PM | Permalink

Talk about expanding your territory. Have you all heard that Residential Pacific Mortgage is opening offices in Connecticut and South Carolina. That is a very lucrative move which will no doubt turn some profits for them. Now they can say,... Continue Reading

Posted at 7:15 PM | Permalink

When I read about this I felt it was worth sharing. It is not every day that you see someone get moved to a position of great influence. Here, I was reading Birmingham Business Journal and it was sharing how... Continue Reading

Posted at 2:21 PM | Permalink

I saw a commercial a couple of days ago about HouseValues to find out what the value of your home is. I remember when we were selling our home we used HomeGain. Then I began thinking about could a mortgage... Continue Reading

Posted at 1:49 PM | Permalink

I received a comment from a reader regarding my blog about Marketing to Single Parents. Understand that I am not a lender; however I do speak with single parents every month. I share with them about preparing for homeownership which does... Continue Reading

Posted at 1:14 PM | Permalink

Okay, I can see I am a little behind the ball on this one. That would be because I have gotten focused on marketing the mortgage business. I see where last week they say that there are no charges in... Continue Reading

Posted at 6:40 PM | Permalink

I was reading over this story in the Chicago Tribune where it talks about this law that required financial counseling for certain individuals before purchasing a home. When I continued reading it said it was initially set up to stop... Continue Reading

Posted at 5:21 PM | Permalink

You all know that I am just getting used to the idea of auctioning a home and now I find out there has been an auction education website developed. Talking about needing to stay abreast of all the changes in... Continue Reading

Posted at 3:13 PM | Permalink

Can you get a good realtor to come to you even though they have a mortgage broker or banker they work with? I would imagine you could. Why do I say this? If you walked into a realtors office with... Continue Reading

Posted at 3:06 PM | Permalink

I have to tell you readers the more I try to move away from this subject, the more I believe comes that I should address or share. Why you say? Marketing is very crucial to any business. It either makes... Continue Reading

Posted at 1:54 PM | Permalink

I remember speaking with one of my friends whose new job had become a mortgage banker. He was sharing with me the ins and outs of what he was doing and the fact he was able to write loans in... Continue Reading

Posted at 12:15 PM | Permalink | Comments

Foreclosures, mortgage fraud, housing bubble and less building, I have seen various stories on these subjects. If you are working in the real estate or mortgage industry, have you lost your job? Have you been recruited by another company because... Continue Reading

Posted at 11:15 AM | Permalink

I have talked about customer service setting one apart in the mortgage industry from competitors. Here is a story that proves that and leads to a business move for this team that should allow them expansion. According to a story... Continue Reading

Posted at 10:15 AM | Permalink

I remember when I worked in the auto leasing business for a while and one of the guys always talked about the different car auctions he would attend. Not that the cars were damaged but they ended up there because... Continue Reading

Posted at 9:15 AM | Permalink | Comments

How many times have you picked up the newspaper or watched the morning news and the topic was about foreclosures? This has been happening in my opinion all too much. More and more people are delinquent in paying their mortgages... Continue Reading

Posted at 8:12 AM | Permalink

I just read that last Wednesday, Colorado was ranked number one again in the nation for foreclosures. Tough times are happening all over in Colorado. I cannot say that this actually surprises me. Why? Because as pretty much everything increases,... Continue Reading

Posted at 12:30 AM | Permalink

I remember several months ago I found out about a home buying fair. When I inquired as to who would be the exhibitors, they shared with me about the different mortgage companies, mortgage brokers, mortgage lenders and realtors that would... Continue Reading

Posted at 11:35 PM | Permalink

I have shared with you different aspects of marketing in the mortgage industry. Whether you are a mortgage broker, mortgage consultant, mortgage banker or even a realtor, it is important you have a marketing game plan and budget. If you... Continue Reading

Posted at 10:30 PM | Permalink

I have to share with the readers that I saw a commercial earlier today that was worth writing about. How many times have you seen a commercial and you thought to yourself, what a waste of air time? Or you did not... Continue Reading

Posted at 9:35 PM | Permalink

Dear Reader, Online advertising is not more beneificial if you are not well known. The people in your community know you or know about you. Online advertising is something to use once you have established yourself in your market,... Continue Reading

Posted at 8:43 PM | Permalink

I have to say this is the first time that I have heard this, someone offering guaranteed money back at closing with their program. Market Street Mortgage Tysons Corner Branch offers Guaranteed Money Back at Closing with New Start Smart... Continue Reading

Posted at 10:15 PM | Permalink

There is a lot going on in the mortgage industry in the United States, some good and some bad. There has been a lot of mergers in the mortgage industry as well as some companies have gone out of business.... Continue Reading

Posted at 9:15 PM | Permalink

Foreclosures, mortgage fraud, lack of information and a lack of income, wouldn't it be nice for a change if someone purchased a house and were able to see it as an investment. Well, Mortgage Lenders Plus.com is showing more than... Continue Reading

Posted at 8:15 PM | Permalink

I have heard it all now. I was reading this announcement on Rismedia about Hometrader.tv being the "e-bay" of Real Estate. When I first heard about Hometrader.tv a month or so ago I was thinking it was a place where... Continue Reading

Posted at 7:15 PM | Permalink

I thought I would write one more time about internet marketing before I moved on to some current news. There is a lot that can be said about internet marketing. I think one main thing to focus on is if... Continue Reading

Posted at 6:19 PM | Permalink | Comments

Sep30	Home Owner Beware Right in our own Backyard Taffy Wagner September 30, 2006 Know More: FAQs, Mortgage Brokers 2.0, FAQs Every now and then I get to hear the local radio programs in the morning if I am out running errands. There has been this advertisement for Altus Home Loans running for a very long time. So much so that my husband had even been considering their program. I explained to him that I did not believe this was a reputable copmany and why I felt that way. Here in our paper two days ago it shares that a mortgage broker failed to pay taxes. Lo and behold, it is that very company that I felt uneasy regarding what they were offering. I have to share this with several people because they might fall for this as well. So glad I was paying attention to all of the different mailings and wording on documents. Posted at 4:42 AM \| Permalink
Sep30	3 Red Flags for Predatory Lending Taffy Wagner September 30, 2006 When I think of a red flag, it makes me think stop. Go the other way, do not proceed. What about you? Someone was telling me about predatory lending a few months ago and was asking how to aovid it.... Continue Reading Posted at 4:30 AM \| Permalink
	Mortgage Broker Registration Step in the Right Direction Taffy Wagner September 30, 2006 Here at last is something that a lot of people in Colorado have been waiting on. Clearly the fact that Colorado was number one in the nation for several months in foreclosure says the industry was not regulated. Now, October... Continue Reading Posted at 3:33 AM \| Permalink
	Boosting Credit Score for Loan Taffy Wagner September 30, 2006 When you have bad credit and are trying to boost your credit score for a loan, there are several things you should know. First and foremost, getting an increase in credit score takes time with re-establishing good credit. Time and... Continue Reading Posted at 2:25 AM \| Permalink
	Exercise Caution for Subprime Loans Taffy Wagner September 30, 2006 I had heard of subprime loan without really knowing what it is. So today was the day I did a little research regarding subprime loans. That is one of my motto's if you do not know about something, look it... Continue Reading Posted at 1:30 AM \| Permalink
	Mortgage Documents in Spanish Taffy Wagner September 30, 2006 There has been various stories in the media where different organizations have taken advantage of African Americans and Hispanics when it comes to their lending policies. I believe part of that is because of a lack of understanding the information... Continue Reading Posted at 12:35 AM \| Permalink
Sep29	FHA Lender Approval Requirements Taffy Wagner September 29, 2006 I imagined FHA had its own lender program. What I did not know was that it would be as stringent as it appears. I wonder how long it takes a corporation or organization to be approved as a lender. Especially... Continue Reading Posted at 11:30 PM \| Permalink
	650 Jobs Come to North Valley Taffy Wagner September 29, 2006 According to the Business Journal of Phoenix, a Connecticut mortgage firm is bringing 650 jobs to north Phoenix over the next three years. This is good when in some areas it seems as if the economy is not growing as... Continue Reading Posted at 10:20 PM \| Permalink
	One of the Largest Mortgage Fraud Cases in History Taffy Wagner September 29, 2006 What sense would it make for me to write this blog without sharing this news from DS News. Apparently, there has been a lawsuit filed by Countrywide accusing organizers of buying homes then fraudulently selling them. Ok, true enough that... Continue Reading Posted at 9:30 PM \| Permalink
	Mortgage Fraud is it Mainly Appraisers? Taffy Wagner September 29, 2006 In my opinion, I do not believe it is mainly appraisers. Sure there are those that are inflating property values which hurt a lot of people in the long run. However, this is not the only form of mortgage fraud.... Continue Reading Posted at 8:25 PM \| Permalink
	6 Documents You Need When You Begin the Loan Application Process Taffy Wagner September 29, 2006 When you are preparing to purchase a house, I am sure you have heard it is a lot of paperwork. There is a lot of paperwork that you will receive in the beginning and throughout the process. Even when you... Continue Reading Posted at 7:20 PM \| Permalink
	Lawyer Guilty of Mortgage Fraud Taffy Wagner September 29, 2006 Mortgage fraud is becoming the every day crime in my opinion. Not only are people in the mortgage industry committing fraud but attorneys, some pastors and even federal workers. This time the story comes from Gwinnett Daily Post about a... Continue Reading Posted at 6:20 PM \| Permalink
	Lenders to the Rescue Taffy Wagner September 29, 2006 I came across this story on WBALChannel.com sharing how “Officials Warn of Mortgage Fraud.” Upon reading this story, it is one that I have heard before that happens to elderly or ill people. You might even say people that are... Continue Reading Posted at 4:20 PM \| Permalink
	Lenders All Over Taffy Wagner September 29, 2006 If you are like me and watch TV, the mailings that come in you will see there are many lenders in every state. If there are not a lot of lenders within your state you can find online lenders that... Continue Reading Posted at 3:20 PM \| Permalink
	HUD Grant given to Duluth Group Taffy Wagner September 29, 2006 This is what I like to see homebuyer education at its best. Housing services in Duluth have received a grant to help with a wide variety of housing counseling for homeowners, low-to moderate income renters and homeless. What an opportunity... Continue Reading Posted at 2:34 PM \| Permalink
	Top 4 Questions and Answers on Getting a Secured Credit Card Taffy Wagner September 29, 2006 Is a secured credit card a good idea or a bad idea for someone trying to establish good credit? Well, Kelly this is a subject that I have touched on a couple of times when giving seminars on credit. A... Continue Reading Posted at 1:30 PM \| Permalink
Sep28	Mortgage Amnesia Taffy Wagner September 28, 2006 Once again, here is one of those stories that I just had to read. This time it was a story in our local paper, The Denver Post. The story is titled "Mortgage amnesia hits home." from the title alone, it makes... Continue Reading Posted at 2:53 AM \| Permalink
	Norwich's Main Street lineup Increases Taffy Wagner September 28, 2006 Expansion is happening for this mortgage company and location is very important. new mortgage firm which had its formal opening showed how storefront space could be best used. Money Market Mortgage, now there is a name for you secured space... Continue Reading Posted at 1:35 AM \| Permalink
	Top Four Steps in Homebuying Process Taffy Wagner September 28, 2006 I probably could tell you these steps in my sleep. I have been speaking so much over the last couple of weeks about homebuying, I believe it is worth repeating. These are steps you want to take in this order... Continue Reading Posted at 12:35 AM \| Permalink
Sep27	Taking a Stand Against Fraud Taffy Wagner September 27, 2006 Every once in a while you come across a story where people begin fighting back personal or professional and you want to pat them on the back. This is one of those times. This organization, Lenders Who Care is standing... Continue Reading Posted at 11:53 PM \| Permalink
	Lending Tree Seventh Annual Partner Summit Taffy Wagner September 27, 2006 I have to share this is one of those topics that always seem to interest me. Whenever a company or organization has a conference where you can meet colleagues or even new partners, I would be there. On Monday, September... Continue Reading Posted at 10:53 PM \| Permalink
	Mortgage Company Settles Taffy Wagner September 27, 2006 This is one of those stories that I could not pass up that I saw on HUD website. Why because it is talking about HUD reaching a $500,000 settlement with a mortgage company in Atlanta . Apparently what happened is... Continue Reading Posted at 9:55 PM \| Permalink
	Three Factors that lead to a Difficult Housing Market Taffy Wagner September 27, 2006 We have all saw several stories in the media about how the housing market has been difficult. Let me share with you what I have seen makes the housing market particularly challenging at this time. 1) Without a doubt... Continue Reading Posted at 8:55 PM \| Permalink \| Comments
	Top Four People in Mortgage Decision Taffy Wagner September 27, 2006 After sharing tons of information with the audience last night in a short amount of time, this made me want to write this. Over and over I was getting a lot of questions as these people were preparing for homeownership.... Continue Reading Posted at 7:58 PM \| Permalink
	Four Mortgage Types Taffy Wagner September 27, 2006 As I was sharing with the class last night, I wanted to impress upon them the importance of understanding the loan process. I shared with several types of mortgages: 1) A traditional, 30 yr fixed mortgage. One gentleman asked... Continue Reading Posted at 6:55 PM \| Permalink
	Mortgage Questions Taffy Wagner September 27, 2006 I did a seminar last night at one of our local libraries which was in a series of seven that I completed throughout the month. I initially was there to speak and teach on money management and dealing with debt.... Continue Reading Posted at 5:53 PM \| Permalink \| Comments
Sep26	Three Ways to Get Leads for Loan Officer Taffy Wagner September 26, 2006 Being in the mortgage industry can prove to be challenging at different times based on the need for leads. Leads drive the business and keep a loan officer employed because without leads there would not be a need for a... Continue Reading Posted at 5:34 PM \| Permalink
	VP at Topdot Mortgage Taffy Wagner September 26, 2006 I received a comment tonight from the Senior VP at Topdot Mortgage. I want to say thank you to the Senior VP for taking the time to read my blog. I want to share part of what he had to... Continue Reading Posted at 3:19 AM \| Permalink \| Comments
	Five States Where Homeowners are Behind on Payments Taffy Wagner September 26, 2006 As I was reading over news that relates to mortgages and homeowners, I read this story from Asbury Park Press regarding people falling behind on mortgage payments. The following are five states where people are falling behind on mortgage payments:... Continue Reading Posted at 2:13 AM \| Permalink
	Technology for Mortgage Professionals Taffy Wagner September 26, 2006 I have to share this link with you all because I found it to be very informative. A fellow blogger from Colorado shared this link with me. Thanks Todd from Lenderama. This has proven to be a very informative blog... Continue Reading Posted at 1:05 AM \| Permalink
Sep25	Flat Fee MLS Service Taffy Wagner September 25, 2006 I have known about multiple listing service for a while based on several factors: when we were in the process of selling our home our realtor listed it with the MLS here in Colorado and there were several companies here... Continue Reading Posted at 7:13 AM \| Permalink \| Comments
	Home Auctions in Florida Taffy Wagner September 25, 2006 It seems as if home auctions are becoming the norm in several states. I did not know anything about homes being auctioned just a few months ago and know I read stories about this all the time. The last time... Continue Reading Posted at 6:09 AM \| Permalink
	Negative Amortization Taffy Wagner September 25, 2006 I saw this term earlier and immediately got a bad taste in my mouth. Why you say? Because of the word negative. This already tells me that you are going to be going in the opposite direction of where you... Continue Reading Posted at 5:08 AM \| Permalink
	Rent to Own Home Programs Taffy Wagner September 25, 2006 When I saw this title as I was reading releases on prweb.com, I had to stop and see what they were talking about. This company is suggesting you get into a rent to own program for those with bad credit.... Continue Reading Posted at 4:06 AM \| Permalink
Sep23	Stepping Up Marketing Tools Taffy Wagner September 23, 2006 My husband used to photograph and print real estate flyers for several realtors here in the Metro area. I cannot not tell you the number of times the realtors would tell him, I got a new customer based on the... Continue Reading Posted at 6:33 PM \| Permalink \| Comments
	What Costs are Involved in Purchasing a House for $1 Taffy Wagner September 23, 2006 I would have to think there are a lot of costs involved besides moving the house. Are you prepared to purchase a lot? Where will the lot be and is it going to be in a neighborhood you can afford?... Continue Reading Posted at 5:30 PM \| Permalink
	You Can Buy a Home for a $1 Taffy Wagner September 23, 2006 Does anyone really buy a home for a $1. I have to admit upon seeing this on the email that was forwarded to me from a friend, I was quite skeptical. However, curiosity set in and I had to see... Continue Reading Posted at 3:29 PM \| Permalink
	Be Careful when choosing a Home Inspector Taffy Wagner September 23, 2006 When my husband shared with me about our friend and the house, I told him our friends should be happy they have a good realtor. I said this primarily because if that inspector had been working on the side of... Continue Reading Posted at 2:27 PM \| Permalink
	Investors Have Homes for Sale Taffy Wagner September 23, 2006 It has been a busy morning in our household discussing the real estate market and people in the industry. I was sharing with my husband about my interview. He shared with me about some of our friends that chosen a... Continue Reading Posted at 1:25 PM \| Permalink
	Lender's Responsibility or Consumer Taffy Wagner September 23, 2006 This morning I did a radio interview with The Valder Beebe Show regarding my book Homebuyer’s Helper (How to Have and Hold on to your House). I shared with Ms. Beebe that a consumer can have their payment for their... Continue Reading Posted at 12:22 PM \| Permalink
Sep22	Foreclosure on the American Dream Taffy Wagner September 22, 2006 We have all read over and over about foreclosures in many states. As a matter of fact, initially it surprised me all the different states that were reporting a higher number of foreclosures than they had ever had in the past. I read... Continue Reading Posted at 5:00 PM \| Permalink
	Educating Consumer about Foreclosure Taffy Wagner September 22, 2006 As a mortgage broker, banker or lender have you ever thought about educating consumers about foreclosure and how to avoid foreclosure? I would believe with all the stories regarding foreclosure and people sharing how unprepared they are, this would be... Continue Reading Posted at 4:30 PM \| Permalink
	Educating Consumer about Foreclosure Taffy Wagner September 22, 2006 As a mortgage broker, banker or lender have you ever thought about educating consumers about foreclosure and how to avoid foreclosure? I would believe with all the stories regarding foreclosure and people sharing how unprepared they are, this would be... Continue Reading Posted at 4:30 PM \| Permalink
	Cuts happening at Countrywide Taffy Wagner September 22, 2006 When in the real estate and mortgage industry, job security is not necessarily a term that is popular at this time. There are companies that are merging and some companies are closing down. I thought Countrywide was doing real well... Continue Reading Posted at 3:30 PM \| Permalink
	Housing Slump One Reason for Economic Growth Taffy Wagner September 22, 2006 I knew there was a slow down in the housing market, but I did not know that was one of the reasons that the Federal Reserve policymakers cited the housing slump as one of the reasons economic growth is... Continue Reading Posted at 2:04 PM \| Permalink
Sep21	Homes Overpriced Taffy Wagner September 21, 2006 According to a story I read on CNN.com, housing is still overpriced even in the apparent market cool down. What does this say? Was it because of the higher interest rates that we all witnessed recently or the ARMs that... Continue Reading Posted at 7:20 PM \| Permalink
	Homeowner as a Sitting Duck Taffy Wagner September 21, 2006 We did not quite categorize it this way as this TV station in Seattle that said Homeowners are sitting ducks for exploitation. However, as we discussed loans and purchasing a home during our virtual book tour today we shared how... Continue Reading Posted at 6:30 PM \| Permalink
	Virtual Book Tour Discusses Mortgages Taffy Wagner September 21, 2006 Today my partner and I discussed purchasing a house during our Virtuous Woman Virtual Book Tour. This day was dedicated to sharing with our attendees about purchasing a house and obtaining a mortgage from a consumers perspective. We shared with... Continue Reading Posted at 5:35 PM \| Permalink
	Educating Mortgage Clients Taffy Wagner September 21, 2006 This is one area that is well worth writing about. If as a mortgage broker, banker or lender you take the time to educate your clients about the mortgage process, do you realize the potential for growth you are going... Continue Reading Posted at 4:24 PM \| Permalink
	Consumer Take on Responsibility Taffy Wagner September 21, 2006 I received a comment from a reader regarding the Ex-Lender sharing secrets. I must agree with him as consumers, we should take on some of the responsibility for the choices we make. It is not all the lender or brokers... Continue Reading Posted at 3:19 PM \| Permalink
Sep20	Confidence is poor for Homebuilders Taffy Wagner September 20, 2006 We have all heard in the media about the glut of houses that are on the market. This has lead to builders confidence dropping. That is understandable because if there are more returning to the market from foreclosures, what would... Continue Reading Posted at 5:36 PM \| Permalink
	Mortgage Applications on the Rise Taffy Wagner September 20, 2006 I believe this is good news for the mortgage industry. Mortgage applications are on the rise again. Applications had been down for some time and hurting a lot of people in the mortgage industry. I read today on CNNMoney that... Continue Reading Posted at 4:32 PM \| Permalink
	Profiting from his Knowledge Taffy Wagner September 20, 2006 I thought this worth my continuing about the ex-lender who is sharing all. He has actually written a book on this subject. Now, not only did he make money when he was in the mortgage industry and now he continues... Continue Reading Posted at 3:26 PM \| Permalink
	Ex-Mortgage Lender Shares Secrets Taffy Wagner September 20, 2006 Imagine my surprise when I saw this story on BusinessWeek regarding this ex-mortgage lender that spills the secrets. Someone who is telling all. Maybe he is not telling it all but some details. Think about it, how many peope are... Continue Reading Posted at 2:20 PM \| Permalink \| Comments
	Coloradoans setting Mortgage Blog Trail Taffy Wagner September 20, 2006 Lo and behold yesterday, I was contacted by another mortgage blogger. Imagine how pleased I was when I discovered that this blogger was also in Colorado. I must admit I had been to his blog when I first started and... Continue Reading Posted at 1:09 PM \| Permalink
Sep19	$50M Debt Mortgage Offer Completed Taffy Wagner September 19, 2006 When I saw this earlier, I meant to write about it then but was temporarily distracted. I was looking at the Memphis Business Journal and it shares a story about Equity Inns complete a $50M mortgage debt offering. This $50M... Continue Reading Posted at 8:21 PM \| Permalink
	West Coast Lender expands to East Coast Taffy Wagner September 19, 2006 Talk about expanding your territory. Have you all heard that Residential Pacific Mortgage is opening offices in Connecticut and South Carolina. That is a very lucrative move which will no doubt turn some profits for them. Now they can say,... Continue Reading Posted at 7:15 PM \| Permalink
	MortgageAmerica CEO chosen for an influential position Taffy Wagner September 19, 2006 When I read about this I felt it was worth sharing. It is not every day that you see someone get moved to a position of great influence. Here, I was reading Birmingham Business Journal and it was sharing how... Continue Reading Posted at 2:21 PM \| Permalink
	Commercial Could be Marketing Tool Taffy Wagner September 19, 2006 I saw a commercial a couple of days ago about HouseValues to find out what the value of your home is. I remember when we were selling our home we used HomeGain. Then I began thinking about could a mortgage... Continue Reading Posted at 1:49 PM \| Permalink
	Targeting Single Parents Taffy Wagner September 19, 2006 I received a comment from a reader regarding my blog about Marketing to Single Parents. Understand that I am not a lender; however I do speak with single parents every month. I share with them about preparing for homeownership which does... Continue Reading Posted at 1:14 PM \| Permalink
Sep18	No Charges in Freddie Mac Probe Taffy Wagner September 18, 2006 Okay, I can see I am a little behind the ball on this one. That would be because I have gotten focused on marketing the mortgage business. I see where last week they say that there are no charges in... Continue Reading Posted at 6:40 PM \| Permalink
	Mortgage Law Under fire - Matter of Opinion Taffy Wagner September 18, 2006 I was reading over this story in the Chicago Tribune where it talks about this law that required financial counseling for certain individuals before purchasing a home. When I continued reading it said it was initially set up to stop... Continue Reading Posted at 5:21 PM \| Permalink
	Auction Education Website Taffy Wagner September 18, 2006 You all know that I am just getting used to the idea of auctioning a home and now I find out there has been an auction education website developed. Talking about needing to stay abreast of all the changes in... Continue Reading Posted at 3:13 PM \| Permalink
	Getting a Realtor to You! Taffy Wagner September 18, 2006 Can you get a good realtor to come to you even though they have a mortgage broker or banker they work with? I would imagine you could. Why do I say this? If you walked into a realtors office with... Continue Reading Posted at 3:06 PM \| Permalink
	More Marketing Techniques Taffy Wagner September 18, 2006 I have to tell you readers the more I try to move away from this subject, the more I believe comes that I should address or share. Why you say? Marketing is very crucial to any business. It either makes... Continue Reading Posted at 1:54 PM \| Permalink
	Marketing to a Single Parent Taffy Wagner September 18, 2006 I remember speaking with one of my friends whose new job had become a mortgage banker. He was sharing with me the ins and outs of what he was doing and the fact he was able to write loans in... Continue Reading Posted at 12:15 PM \| Permalink \| Comments
	Employment in Mortgage Industry Taffy Wagner September 18, 2006 Foreclosures, mortgage fraud, housing bubble and less building, I have seen various stories on these subjects. If you are working in the real estate or mortgage industry, have you lost your job? Have you been recruited by another company because... Continue Reading Posted at 11:15 AM \| Permalink
	Mortgage Team chosen by SunTrust Mortgage Taffy Wagner September 18, 2006 I have talked about customer service setting one apart in the mortgage industry from competitors. Here is a story that proves that and leads to a business move for this team that should allow them expansion. According to a story... Continue Reading Posted at 10:15 AM \| Permalink
	Foreclosed Homes in Auction Taffy Wagner September 18, 2006 I remember when I worked in the auto leasing business for a while and one of the guys always talked about the different car auctions he would attend. Not that the cars were damaged but they ended up there because... Continue Reading Posted at 9:15 AM \| Permalink \| Comments
	Delinquencies All Around Taffy Wagner September 18, 2006 How many times have you picked up the newspaper or watched the morning news and the topic was about foreclosures? This has been happening in my opinion all too much. More and more people are delinquent in paying their mortgages... Continue Reading Posted at 8:12 AM \| Permalink
Sep17	Colorado - Number One Again in Nation for Foreclosures Taffy Wagner September 17, 2006 I just read that last Wednesday, Colorado was ranked number one again in the nation for foreclosures. Tough times are happening all over in Colorado. I cannot say that this actually surprises me. Why? Because as pretty much everything increases,... Continue Reading Posted at 12:30 AM \| Permalink
Sep16	Home Buying Fairs Marketing Tools Taffy Wagner September 16, 2006 I remember several months ago I found out about a home buying fair. When I inquired as to who would be the exhibitors, they shared with me about the different mortgage companies, mortgage brokers, mortgage lenders and realtors that would... Continue Reading Posted at 11:35 PM \| Permalink
	Marketing to Potential First Time Home Buyers Taffy Wagner September 16, 2006 I have shared with you different aspects of marketing in the mortgage industry. Whether you are a mortgage broker, mortgage consultant, mortgage banker or even a realtor, it is important you have a marketing game plan and budget. If you... Continue Reading Posted at 10:30 PM \| Permalink
	Commercial for Lending Tree Taffy Wagner September 16, 2006 I have to share with the readers that I saw a commercial earlier today that was worth writing about. How many times have you seen a commercial and you thought to yourself, what a waste of air time? Or you did not... Continue Reading Posted at 9:35 PM \| Permalink
	Online Advertising vs Local Newspaper Taffy Wagner September 16, 2006 Dear Reader, Online advertising is not more beneificial if you are not well known. The people in your community know you or know about you. Online advertising is something to use once you have established yourself in your market,... Continue Reading Posted at 8:43 PM \| Permalink
Sep15	Guaranteed Money Back at Closing frm Mortgage Company Taffy Wagner September 15, 2006 I have to say this is the first time that I have heard this, someone offering guaranteed money back at closing with their program. Market Street Mortgage Tysons Corner Branch offers Guaranteed Money Back at Closing with New Start Smart... Continue Reading Posted at 10:15 PM \| Permalink
	Expanding into European Market Taffy Wagner September 15, 2006 There is a lot going on in the mortgage industry in the United States, some good and some bad. There has been a lot of mergers in the mortgage industry as well as some companies have gone out of business.... Continue Reading Posted at 9:15 PM \| Permalink
	FHA Loan Borrowers Eligible for Rebates Taffy Wagner September 15, 2006 Foreclosures, mortgage fraud, lack of information and a lack of income, wouldn't it be nice for a change if someone purchased a house and were able to see it as an investment. Well, Mortgage Lenders Plus.com is showing more than... Continue Reading Posted at 8:15 PM \| Permalink
	Hometrader.tv is it a Tool? Taffy Wagner September 15, 2006 I have heard it all now. I was reading this announcement on Rismedia about Hometrader.tv being the "e-bay" of Real Estate. When I first heard about Hometrader.tv a month or so ago I was thinking it was a place where... Continue Reading Posted at 7:15 PM \| Permalink
	Marketing for Life - More on the Internet Taffy Wagner September 15, 2006 I thought I would write one more time about internet marketing before I moved on to some current news. There is a lot that can be said about internet marketing. I think one main thing to focus on is if... Continue Reading Posted at 6:19 PM \| Permalink \| Comments
Sep14	Internet Marketing in the Mortgage Industry

Mortgage brokers, mortgage agents, and mortgage lending