Sunday, April 6, 2008

Mortgage Headlines Today

Finance market overhaul plan's positives
from ActiveRain Mortgage Group by Esko Kiuru - Las Vegas NV Mortgage Consultant (Sinifox Financial)
The recent proposal from the Treasury Secretary to revise how Wall Street operates and is regulated has been largely greeted with well-aimed criticism, and even some yawns because it seems to be just good old-fashioned politics. To many it goes way too easy on the finance industry at a time when it should give it more chaos-avoiding, meaningful direction. There are, though, a couple of proposals that merit a further look.

Zillow Mortgage Marketplace & Lending Tree -- Online Lead Generators - What does it all mean?
from ActiveRain Mortgage Group by Jeff Belonger -- The FHA Expert.com -- New Jersey mortgage -- FHA mortgages (Infinity Home Mortgage Company, Inc)


LEAD GENERATORS -- Definition from Mimi.hu -- The process of collecting contact information and extracting potential sales leads. The process of finding people (consumer or business) with a qualified interest in a certain product or service.
Jeff Belonger's definition of lead generators. Risky, sometimes false hope, misleading, low ball rates and or closing costs, bait & switch.

Why do Lenders stop Wholesale lending?
from ActiveRain Mortgage Group by DUCHAI NGUYENTAN (BANK OF AMERICA)
Does this mean Lenders don't trust independent mortgage brokers/loan officers that they have no control over?

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