Sengdao Vongruksukdi's Blog

Improvements in foreclosure activity while temporary and expected to wear off before yearend may lead to some stabilization. RealtyTrac February data show that in part due to processing moratoria, foreclosure activity decreased by 14% from the previous month and by 27% from February 2010 to a 36-...

Industry data showing delinquencies will continue to plague the mortgage market in the near future also indicate demand for short sales will go up motivating special servicing providers to get on gear.Most agree that specialized expertise-combined with effective borrower outreach and technology-a...

"Don't wait for a life-changing event to change your life" - Michael Maher Go from ‘relationships to referrals' by asking clients to lunch & asking: What is your biggest challenge right now? What have you tried so far? What are you going to do next? Evolve from the ‘ego era'(biggest wallet) to th...

For so long we've debated the actions of Ben Bernanke, along with the members of the Federal Reserve Board of Governors and Congress about the housing industry and the mortgage malaise. Many people believe these individuals are just bureaucrats on K Street that make decisions without having any i...

AB 406- This bill would PROHIBIT BALLOON PAYMENTS from being included in the terms of an adjustable rate loan, as defined, for real property containing one to four residential units secured by a mortgage or deed of trust on real property. AB 407- This bill prohibits the imposition of prepayment c...

A new estimate by the Treasury Department shows the bailout of Fannie Mae and Freddie Mac will cost taxpayers an additional $73 billion through 2021. Estimates by private sector analysts have ranged from $100 billion to $250 billion. The GSEs have already drawn down $134 billion from the U.S. Tre...

If settlement talks between the states and residential servicers break down, the nation's megabanks will face the prospect of lawsuits from up to 30 state attorneys general, according to Sen. Jack Reed, D-R.I. Mortgage bond holders and even homeowners harmed by foreclosures also will pursue addit...

Sales of existing single-family homes in Florida declined by 10% in the fourth quarter, with the median sales price down 5% year-over-year. However, sales of existing condominiums increased by 6% in the same timeframe, although the median sale price fell 18%. Sean Snaith, director of the Universi...

THIS JUST IN: With fears mounting that the government may soon radically alter servicing compensation, at least one Wall Street firm is making the rounds offering a "sale leaseback" deal to some of the nation's largest holders of MSRs. According to secondary market advisors familiar with the conc...

     Today, I'm going to cover three monstrous mistakes that my partner Ryan and I still see agents and brokers making with their real estate marketing and lead generation efforts every day.  We're very passionate about this topic, so we're not trying to offend anyone; rather, we're just telling...