“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

About Stamford's North Stamford

Connecticut Home Loan Consultant Nima Rezvan was special guest speaker at All Star Realty of Stamford, CT Meeting

Nima Rezvan First Time Home Buyer Expert CT FHA Loans - FHA 203k - CT Mortgage: Loan Officer in Stamford, CT

Dear Reader,

I just wanted to say hello to all of my friends, past clients, business partners and blog subscribers. I wanted to share with you about how I was the guest speaker at All Star Realty's office meeting last night in Stamford, Connecticut. It was an honor to attend this meeting and speak with all of the agents of the office about where we are today as far as the mortgage industry is concerned.

I attended the meeting with the following in my hands:

1.) Business Cards, plenty of them.

2.) Company information about the mortgage company that I work for and have been working for since January of 2005.

3.) Co-Marketing flyers where I can do some marketing with each of the agents in the All Star Realty office.

4.) Open House Mortgage flyers to show as examples for all of the office listings.

5.) List of my mortgage company REO's in all of Connecticut so that they can share with their buyers, investors, family and friends.

6.) Giveaways like pens and candies.

While at the meeting we discussed the following topics:

1.) Current status of the mortgage company that I work for.

2.) What my mortgage company can do for them.

3.) What I can do for the agents of the office.

4.) What All Star Realty of Stamford, CT can do for me.

5.) Mortgage products that fit some of their Jumbo mortgage clients and even first time home buyers.

6.) Marketing tactics so that they can increase their business in which it will increase my referrals from them.

_____________________________________________

Today I received a Thank You letter from the Broker/Owner Violet Tehrani:

Dear Nima:

On behalf of every one at ALL STAR REALTY, I'd like to thank you for coming to our office meeting, and providing such wonderful education about the mortgage industry (these days) . We enjoyed having you here. Thanks for the pens & the candies too. We look forward to doing business with you. We would make a perfect team, who would cater to different clients' needs (accordingly). Once again thank you for your time, knowledge and expertise.

Regards,

VIOLET TEHRANI

ALL STAR REALTY, INC.

STAMFORD, Connecticut

(203)358-0100

_________________________________________________________

The meeting was a big success as I already received a home buyer CT mortgage preapproval from one of the agents and an All Star Realty of Stamford, CT agent who wants to refinance their existing Stamford, CT Mortgage.

I also mentioned that even if your buyer as a preapproval, I am still willing to work closely with them and get them a better mortgage rate or better closing costs so that they look like a hero in front of their clients.

I have not been actively blogging because I have had a full plate on a daily basis. It was very important for me to be there for my new clients, past clients and business partners.

Thanks for reading my blog today and I look forward to hearing from you.

Your Connecticut Home Loan Specialist,

Nima Rezvan

Cell: 203.913.6016

Website: http://www.mynima.com/

Available to you 7 days a week until 10pm for your convenience!

National Mortgage News: Facts are Facts! Who was the top Mortgage Originator in Quarter 2 of 2007

Nima Rezvan First Time Home Buyer Expert CT FHA Loans - FHA 203k - CT Mortgage: Loan Officer in Stamford, CT

Dear Reader,

The facts are in so please take a look at the top 10 mortgage originators of quarter 2 of 2007. You be the judge here. Who is at the top of the list? Who is growing market share? Who is almost more than 2x better than the #2 mortgage lender on the list? You be the judge. Just simply sharing the facts here.

Top Originators in Q2 2007

(Dollars in Millions)

RANK COMPANY Origination Volume Q2 2007 Q2 2006

1 Countrywide Financial $130,163 $118,509

2 Wells Fargo Home Mtg. $79,957 $110,040

3 CitiMortgage, Inc. $61,252 $48,330

4 Chase Home Finance $59,561 $45,743

5 Bank of America $51,918 $44,702

6 Washington Mutual $42,514 $52,592

7 Wachovia $28,440 $31,003

8 IndyMac Bancorp, Inc. $22,505 $20,060

9 GMAC ResCap $22,263 $28,266

10 SunTrust Mortgage, Inc. $18,261 $15,331

_________________________________________________________________________________

The above data was found on http://www.nationalmortgagenews.com/

You may use this data in your blogs and newsletters. You can also copy and print this blog and share with all of your friends and colleagues.

Your Active Rain Mortgage Professional,

Nima Rezvan

Home Loan Consultant

203.913.6016

http://www.mynima.com/

Available 7 days a week until 10pm for all of your home financing needs!

(VERY INTERESTING) "Imploded" Mortgage Lenders & Ailing/Watch List Mortgage Lenders

Nima Rezvan First Time Home Buyer Expert CT FHA Loans - FHA 203k - CT Mortgage: Loan Officer in Stamford, CT

Dear Reader,

I was referred to a very interesting website which I thought was extremely interesting to me and I know for a fact that it would be interesting for you as well. You don't have to be a financial analyst or a mortgage industry analyst to know that we are going through some rough times. I was referred to this websute: http://www.ml-implode.com/ which is a website dedicated to the mortgage lending industry. This website has news about lenders that have gone out of business and lenders that are on a watch list of lenders in trouble or possibly going out of business. You can take a look at the website closely on your own and you figure out if this is really accurate or not. Below I will copy and paste the 117 mortgage lenders that have already gone out of business or are on their way of going out of business if still functioning. I will also share the 14 top mortgage lenders that are on a watch list of mortgage companies that are in trouble of some sort which is very bad for their company. Everything you find in this blog is not my opinion but data that I found on http://www.ml-implode.com/ or http://www.lenderimplode.com/ or http://www.mortgageimplode.com/

I will also share the definitions of imploded lenders and ailing lenders that is also found on the website:

"Imploded" lenders: The "imploded" status is somewhat subjective and does not necessarily mean operations are ceased permanently: it can mean bankruptcy filing, temporary but open-ended halting of major operations, or a "firesale" acquisition. The Companies include all types (prime, subprime, or a mix of both; retail or wholesale; subsidiaries and entire companies). Note: Companies listed here may still be operating in some capacity; check with them before making assumptions.

Ailing lenders haven't shut down, but they're significantly scaling back or are (or recently have been) in manifest financial, legal, or operational distress. Unfortunately, most of the industry now falls under this description, so we are forced to reserve this list for the more glaring cases or those which we happen to have more specific info about.

The 14 mortgage lenders on a watch list are:

Ailing/Watch List Lenders according to website: http://www.ml-implode.com/

13. Quality Home Loans
12.
Amstar Mortgage Corporation
11.
Meridias Capital
10.
Option One
9.
CIT Home Lending
8.
FNBA
7.
GreenPoint Mortgage
6.
All Fund Mortgage
5.
Ocwen Loan Servicing
4.
Doral Financial Corp.
3.
Evergreen Investment/Carnation Bank
2.
Coast Financial Holdings, Inc.
1.
Residential Capital, LLC*

The 131 mortgage lenders that "imploded" according to website: http://www.ml-implode.com/

131. Accredited Home Lenders
130. First National Bank of Arizona (FNBA) Wholesale, Correspondent
129. GreenPoint Mortgage - Capital One Wholesale

128. NovaStar Wholesale
127. Quick Loan Funding
126. National City Home Equity
125. Calusa Investments
124. Mercantile Mortgage

  • First Magnus
  • First Indiana Wholesale
  • Pacific American Mortgage (PAMCO)
  • Spectrum Financial Group - Wholesale
  • Transland Financial Services - Wholesale
  • 117. Express Capital Lending
    116. Deutsche Bank Correspondent Lending Group (CLG)
    115. MLSG
    114. Trump Mortgage
    113. HomeBanc Mortgage Corporation
    112. Mylor Financial
    111. Aegis (Everything)
    110. Alternative Financing Corp (AFC) Wholesale
    109. Winstar Mortgage
    108. American Home Mortgage / American Brokers Conduit
    107. Meridias Capital
    106. Fieldstone Mortgage Company
    105. Nations Home Lending
    104. Wells Fargo Alternative Lending Wholesale
    103. Entrust Mortgage
    102. Flick Mortgage/Mortgage Simple
    101. Alliance Bancorp
    100. Choice Capital Funding
    99. Premier Mortgage Funding
    98. Stone Creek Funding
    97. FlexPoint Funding (Wholesale)
    96. Starpointe Mortgage
    95. Unlimited Loan Resources (ULR)
    94. Freestand Financial
    93. Steward Financial
    92. Wells Fargo (Correspondent)
    91. Altivus Financial
    90. ACT Mortgage
    89. Alliance Mortgage Banking Corp (AMBC)
    88. Concord Mortgage Wholesale
    87. Heartwell Mortgage
    86. Oak Street Mortgage
    85. The Mortgage Warehouse
    84. First Street Financial
    83. Right-Away Mortgage
    82. Heritage Plaza Mortgage
    81. Horizon Bank Wholesale Lending Group
    80. Lancaster Mortgage Bank (LMB)
    79. Bryco (Wholesale)
    78. No Red Tape Mortgage
    77. The Lending Group (TLG)
    76. Pro 30 Funding
    75. NetBank Funding
    74. Columbia Home Loans, LLC
    73. Mortgage Tree Lending
    72. Homeland Capital Group
    71. Nation One Mortgage
    70. Dana Capital Group
    69. Millenium Funding Group
    68. MILA
    67. Home Equity of America
    66. Opteum (Wholesale, Conduit)
    65. Innovative Mortgage Capital
    64. Home Capital, Inc.
    63. Home 123 Mortgage
    62. Homefield Financial
    61. First Horizon (Subprime)
    60. Platinum Capital Group
    59. First Source Funding Group (FSFG)
    58. Alterna Mortgage
    57. Solutions Funding
    56. People's Mortgage
    55. LowerMyPayment.com
    54. Zone Funding
    53. First Consolidated (Subprime Wholesale)
    52. EquiFirst
    51. SouthStar Funding
    50. Warehouse USA
    49. H&R Block Mortgage
    48. Madison Equity Loans
    47. HSBC Mortgage Services (correspondent div.)
    46. Sunset Direct Lending
    45. Kellner Mortgage Investments
    44. LoanCity
    43. CoreStar Financial Group
    42. Ameriquest
    41. Investaid Corp.
    40. People's Choice Financial Corp.
    39. Master Financial
    38. Maribella Mortgage
    37. FMF Capital LLC
    36. New Century Financial Corp.
    35. Wachovia Mortgage (Correspondent div.)
    34. Ameritrust Mortgage Company (Subprime Wholesale)
    33. Trojan Lending (Wholesale)
    32. Fremont General Corporation
    31. DomesticBank (Wholesale Lending Division)
    30. Franklin Financial (Wholesale Operations)
    29. Ivanhoe Mortgage/Central Pacific Mortgage
    28. Eagle First Mortgage
    27. Coastal Capital
    26. Silver State Mortgage
    25. ResMAE Mortgage Corporation
    24. ECC Capital/Encore Credit
    23. Lender's Direct Capital Corporation (wholesale division)
    22. Concorde Acceptance
    21. DeepGreen Financial
    20. Millenium Bankshares (Mortgage Subsidiaries)
    19. Summit Mortgage
    18. Mandalay Mortgage
    17. Rose Mortgage
    16. EquiBanc
    15. FundingAmerica
    14. Popular Financial Holdings
    13. Clear Choice Financial/Bay Capital
    12. Origen Wholesale Lending
    11. SecuredFunding
    10. Preferred Advantage
    9. MLN
    8. Sovereign Bancorp (Wholesale Ops)
    7. Harbourton Mortgage Investment Corporation
    6. OwnIt Mortgage
    5. Sebring Capital Partners
    4. Axis Mortgage & Investments
    3. Meritage Mortgage
    2. Acoustic Home Loans
    1. Merit Financial

    These two lists are just mind boggling! What is going on with the mortgage industry? What are your thoughts? Share your thoughts with us here.

    * Note: Everything that you found in this blog was all found on ml-implode.com (as of 8-22-2007)