Sengdao Vongruksukdi's Blog

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Real Estate Agent - Starlight Realty Certified REO & Short Sale Specialist

ARCHIVED BLOG POSTS

2011 

Every agent should strive to build a referral-only business. The lion's share of income should come from past clients, a strong database and the subsequent referrals. However, if you - like many agents I know - are not generating the income that you need to generate, it is a sure sign that your r...
02/21/2011
Mortgage servicing may be changing and self-adjusting into a new still-not completely undefined model, but the fact that it appears to be a work in progress is not discouraging bankers from eyeing what it has to offer. Without much fanfare the crisis has irreversibly turned in-house mortgage serv...
02/20/2011
Face-to-face mortgage counseling is by industry consensus the most efficient way to prevent foreclosures. The problem is that the number of those who could benefit from this type of counseling, those who are trying to and those who actually show up to meet with the lender are not always a match. ...
02/20/2011
Higher mortgage rates are starting to take their toll on the origination business. Mortgage applications fell 9.5% for the week ending February 11 with the refinancing market share dropping to 64% of all new business, according to new figures released by the Mortgage Bankers Association. MBA note...
02/20/2011
Federal prosecutors have ended their criminal investigation of former Countrywide Financial chairman and CEO Angelo Mozilo, after deciding that his actions managing the nation's largest lender did not constitute criminal behavior, according to a report in The Los Angeles Times. A grand jury in Lo...
02/20/2011
Gorgeous one third of an acre estate stylishly planned to take full advantage of its privacy and impressive size and corner parcel layout.  Designed for elegant entertaining this flag lot begins with a wrought iron gate and fountains that provide incredible curb appeal. Side yard features a play ...
02/19/2011
As we all know, the "sand states" (Arizona, California, Florida and Nevada) have residential delinquency rates in the nosebleed territory, but guess which state is the subprime late payment king? That distinction belongs to Mississippi, which according to the Mortgage Bankers Association, has a s...
02/19/2011
For the first time, mortgage lenders and other creditors will have access to a consumer's rental payment history, thanks to Experian. The company, which acquired a credit bureau for the multifamily industry last year, is now able to take the data from that bureau and put it into consumers' credit...
02/19/2011
MERSCORP, the electronic mortgage registry system, said it will propose a rule to stop its member/users from foreclosing in its name. "We encourage members to bring foreclosures only in the name of the holder of the note, in the name of the trustee or the servicer of record acting on behalf of th...
02/19/2011
The Federal Reserve Board announced that it does not expect to finalize three pending rulemakings DOES under Regulation Z, which implements the Truth in Lending Act, prior to the transfer of authority for such rulemakings to the Consumer Financial Protection Bureau.  The first phase of the review...
02/18/2011
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Sengdao Vongruksukdi

Newport Beach Real Estate
local_phone(949) 650-4746
smartphone(949) 244-1597
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