The NMP Blog

Hey homeowners, your equity just grew (well, some of you)!

Submitted by Andrew T Berman on February 14, 2010

Just got done reading Ken Harney's Homeowner equity makes surprise turnaround. Ken reported on the "Flow of Funds" survey performed on homeowners. Here's of the interested stats. 
" equity grew by nearly $1 trillion between the recession's nadir in the first quarter of 2009 through the third quarter. From last June 30 through Sept. 30, net equity rose by $418 billion."

Ken... Read More

Lessons from the "Shark Tank"

Submitted by Tom Ninness on February 13, 2010

Shark Tank-When to Walk Away
“Shark Tank” is a reality television show that premiered on ABC on August 9, 2009. Each episode features a series of investment proposals from the owners/creators of a business. The presentation must request a specific sum of money from the Sharks and offer up a certain percentage ownership stake of the business in exchange. The presentation typically... Read More

Customer versus Client--What's the Difference?

Submitted by Tom Ninness on February 06, 2010

Customer versus Client—What’s the Difference?
I’m currently listening to Emyth Mastery by Michael Gerber while driving to and from work. Michael shares the differences between a customer and a client. Basically, a customer is a one-time transaction where a client is someone that you do repeat business with. A customer is someone who purchases your services from you while a client is... Read More

Seeking Bylined Articles for Our Focus on Embracing the First-Time Homebuyer

Submitted by Andrew T Berman on February 04, 2010

As buyers in the race to beat the deadline for the first-time homebuyer tax credit near the finish line, we know many of our readers are ramping their first-time home buyers efforts. We want to hear from you what's working in your market or what suggestions you have for other mortgage professionals looking to target the first time home buyer now and in the future.
For our March 2010... Read More

FHA Announces Increase in MI

Submitted by Tommy A. Duncan on February 01, 2010

The State of the Union Address is complete, and the President of the United States (POTUS) has given his marching orders. The government is now moving forward with the POTUS’s marching orders. The Federal Housing Administration (FHA) has announced a nine percent increase in default loans and a number of respectable lenders are being identified with high number of default loans. The U.S.... Read More

Keep a Watchful Eye on Your Business

Submitted by Tom Ninness on January 30, 2010

Keeping a Watchful Eye on Your Business
The year was 1900. The first sign of any incoming storm came on August 28. For the next few days, the storm would move across the Atlantic, growing in intensity moment by moment while going virtually undetected. On September 8, the Category 4 hurricane passed directly over Galveston, Texas, destroying the city and killing 8,000 people—the worst... Read More

1st time blogger

Submitted by mem400 on January 27, 2010

Well here we go. This is my first ever blog. I guess I want to talk about what is on my mind most. The future and stability of our business. We are at a crossroads, Brokers are trying to decide to hang on or work with the banks. I have many on the broker side of the business that hate to crossover. Some of them even feel as if they are giving up or losing the fight. I do not think that is the... Read More

Training "Bird Dogs" for Fetching Referrals

Submitted by Tom Ninness on January 23, 2010

Game bird hunters depend on their dogs. Each dog is carefully trained to sniff out the birds, vigilantly sending them to flight and then watching intently as their masters take a shot. When birds are hit, the dog immediately seeks it out for retrieval. A dog’s natural instinct would be to grab the bird tightly and claim it as its’ own, but instead it is trained to gently pick up the bird and... Read More

Second Homes: The Time is Now

Submitted by John Walsh on January 22, 2010

Recently, I spoke with Bob Tedeschi of The New York Times as he was researching and preparing information to publish his article, “Rethinking Vacation Homes.” The timing of our conversation was opportune as current mortgage rates remain relatively close to historic lows, while home values are also at their lowest point in years. I mentioned that homeowners looking to purchase a second home –... Read More

Speaking Lessons from Dr. Martin Luther King Jr.

Submitted by Tom Ninness on January 16, 2010

Speaking Lessons from Dr. Martin Luther King Jr.
In honor of Dr. Martin Luther King, I decided to dedicate this week’s letter to his incredible speech he gave on August 28, 1963. Those that I coach and mentor, I emphasize the importance of speaking as it “ups” your chances to get clients, meet your hourly rate goals, and gives you the opportunity to show that you are an expert in your... Read More