New York Ex-Mortgage Broker

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Industry Observer - MortgageBrokerPros.com
RECENT BLOG POSTS
If you’re facing foreclosure there are viable options to get a clean start much faster. Let's face facts, lender are in the business of making money on the money they lend you. Lenders are not in the business of foreclosing on properties only to have those homes sit in their REO (Real Estate Owne...
04/01/2008
Once again the federal government is trying to step in and make new rules to regulations that, for the most part, are already in place. However, should these rules actually becoming part of the current regulations, the mortgage broker industry as well as the real estate industry will be further w...
03/27/2008
I truly believe that this will be the next great think for real estate agents and brokers alike, the Purchase CEMA. What exactly is a CEMA? A CEMA is a Consolidation, Extension Modification Agreement or simply put, a way for buyers to save thousand of dollars on New York State Mortgage Tax. Wheth...
03/14/2008
In November of last year Washington Mutual and eAppraiseIT were named in a law suite by New York Attorney General Andrew Cuomo. The suite basically stated that Washington Mutual pressured eAppraiseIT to inflate appraisals in order to write more loans.Now let's fast forward to this month. Fannie M...
03/06/2008
Whether you're in the real estate or mortgage industry, there is always one constant. Are there any new ways to market and network available?Let's face it, real estate agents attempt to network and establish relationships with mortgage originators, real estate appraisers, title companies, real es...
01/22/2008
Yet again an inaccurate article has been written about the mortgage brokers role in the mortgage meltdown. This time it's a man by the name of Ralph Roberts who wrote an article for realtytimes. com.It has to be one of the most offensive and innacurate articles about mortgage brokers I have read ...
11/16/2007
There has been great buzz over the use of online video to promote the sale of real estate. You can go into the video section of the major search engines and literally find hundreds of real estate videos on any given day. Why is this method of marketing catching on with real estate agents as well ...
11/08/2007
There are many benefits of working with a mortgage broker, whether you're looking to purchase a home or refinance your existing mortgage. Many incorrectly think that the only benefit of working with a mortgage broker is that the mortgage broker will be able to shop for their loan with various len...
11/01/2007
Mortgage brokers are compensated in one of three ways. A mortgage broker can be compensated by the lender in the form of yield spread premium, by the borrower or a combination of compensation from the lender and compensation from the borrower. In this article I will discuss each way a mortgage br...
11/01/2007
Consumers will soon have Congressman Barney Frank to thank for higher cost loans should HR3915 pass. HR3915 is an anti predatory lending bill that if passed, will make the payment of yield spread premium to mortgage brokers illegal. As a mortgage broker, I often write loans for clients where they...
11/01/2007
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AnthonyTorres

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The purpose of this blog is to educate and disupute some common misconceptions relating to the wonderful world of mortgage finance. Of course, I will ocassionally utilize the blog to vent some frustrations as well.