How many times has your client sat down to closing and found nothing is what it is supposed to be? I am tired of those brokers giving the ethical loan officer a bad name. The only way to weed these people out is stop giving them business. Try me out 1 time and you will see that your clients won't have a bad word to say about myself or my bank. The problem with brokers today is that they over promise out of desparation to get a deal. There is no point in telling someone they are approved if they aren't. Not only are you wasting their time but you are wasting your own throwing things up against the wall to see what sticks. For someone to do that means they obviously don't value their own time so why would they value yours? Give me a call or shoot me an email. Ask me whatever you like. Whether it's about my experience, my bank's history or just what is going on in the mortgage world I would be happy to help you out. There's no point in doing a great job for your client if the mortgage broker is going to leave a bad taste in their mouth at closing since that is the last thing they will remember. Have them remember the great realtor and efficent loan officer who made the transaction as smooth as possible!
Email me at dustinm@bankmortgagesolutions.com and check out my websites http://www.bankmortgagesolutions.com/ and http://www.bankhays.com.
After yesterday's meeting the Fed indicated that the pace of economic contraction appeared to be slowing down and consumer spending was showing signs of stabilizing. The Fed had a positive tone which in turn lit up the phone lines for most stock brokers - as investors all over the world decided to begin trickling capital that is currently in the low-return low-risk world of Treasuries and agency eligible mortgage-backed securities back into the higher-risk higher-return realm of the equity markets.
The rally in equity markets has certainly proven to be far more resilient than anticipated. A major downward correction in the stock indexes would undoubtedly be a major support for the prospects of steady to lower mortgage interest rates. It hasn't happened - and nothing says it "has" to happen - but a solid near-term mortgage market friendly sell-off in the stock markets isn't completely out of the question just yet.
The Commerce Department reported that consumer spending slumped 0.2% in March after posting a 0.4% gain in February. Personal incomes fell by 0.3% after declining by 0.2% in February.
In a separate report the Labor Department said employment expenses posted a gain of 0.3% during the first quarter - the smallest gain on record. The Labor Department went on to say that the number of workers filing for first-time jobless benefits declined by 14,000 last week. The four-week moving average of new jobless claims, a better gauge of underlying labor trends because it irons out week-to-week volatility, declined for the third week in a row. The initial claims data is not suggesting the end of the massive reduction in the labor force is over - but it is suggesting that it may not get much worse from the current levels.
After yesterday's meeting the Fed indicated that the pace of economic contraction appeared to be slowing down and consumer spending was showing signs of stabilizing. The Fed had a positive tone which in turn lit up the phone lines for most stock brokers - as investors all over the world decided to begin trickling capital that is currently in the low-return low-risk world of Treasuries and agency eligible mortgage-backed securities back into the higher-risk higher-return realm of the equity markets.
The rally in equity markets has certainly proven to be far more resilient than anticipated. A major downward correction in the stock indexes would undoubtedly be a major support for the prospects of steady to lower mortgage interest rates. It hasn't happened - and nothing says it "has" to happen - but a solid near-term mortgage market friendly sell-off in the stock markets isn't completely out of the question just yet.
The Commerce Department reported that consumer spending slumped 0.2% in March after posting a 0.4% gain in February. Personal incomes fell by 0.3% after declining by 0.2% in February.
In a separate report the Labor Department said employment expenses posted a gain of 0.3% during the first quarter - the smallest gain on record. The Labor Department went on to say that the number of workers filing for first-time jobless benefits declined by 14,000 last week. The four-week moving average of new jobless claims, a better gauge of underlying labor trends because it irons out week-to-week volatility, declined for the third week in a row. The initial claims data is not suggesting the end of the massive reduction in the labor force is over - but it is suggesting that it may not get much worse from the current levels.
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Highly motivated loan officer with extensive expertise on mortgage guidelines for FNMA, FRE, VA and FHA loans. Processing and underwriting backgroud as well.
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