The NMP Blog

Texas National LO requirements

Submitted by James Barnes on November 24, 2009

Just confirmed with the State of Texas regarding education requirements. Depending on wheatear you currently hold or have held a mortgage broker or loan originator license in the State of TX the below will apply. Keep in mind that we are dealing with the state and they can make any changes at any time.
* If an LO has never been licensed in Texas he or she will have to take the 20... Read More

Monthly Letter from the Publisher: MBA Convention, 40 under 40, Growth in 2010

Submitted by Andrew T Berman on November 16, 2009

 

My perspective on the MBA Annual Convention … some bad news and some good news
This year's Mortgage Bankers Association Annual Convention in San Diego had a great vibe in the air, reminiscent of better times in this industry (sans overspending on gaudy and lavish parties). It's no wonder since the MBA figures that this year, mortgage originations are projected to be at almost $2... Read More

Golf & Taxes - a Winning Combination

Submitted by Connections on November 13, 2009

Death & Taxes?
How about Golf and LESS Taxes?
a clever and fun strategy for success
by: Bill Madonna
Bill Madonna Golf Academy
Death & Taxes – How about Golf and LESS Taxes?
If you could increase your sales, grow your business, lower your taxes (and perhaps your handicap), feed the hungry, house the homeless, or provide toys for tots all by simply... Read More

Smart Professionals Boost Sales and Save THOUSANDS with Private Clubs

Submitted by National Mortga... on November 13, 2009

Private Clubs Save Thousands
for Smart Professionals
...increasing sales is about meeting the RIGHT people.
Facing a country in a recession and looking for ways to increase business, and cut expenses at the same time, Orlando area businesswoman, Sue Copening, did something a little "out of the box."
She joined an exclusive, private membership club.
"I needed a... Read More

Tee UP for Greater Business Success

Submitted by National Mortga... on November 13, 2009

Tee Up for Greater Business Success
You’re just 24 hours away from a hole in one.
by: Bill Madonna
Bill Madonna Golf Academy
Golf has long been a part of business and, those that play "business golf" know it benefits them in their business relationships. But how exactly, and... how much?
In a Golf Digest article it was pointed out that many factors go into... Read More

H.R. 3706 - REALLY bad legislation

Submitted by James Barnes on October 07, 2009

This new bill by Congressman Garrett and supported by Fed Chairman Bernake, requires 5% down on FHA loans and requires buyers to pay their own closing costs. This will DEVASTATE the already slow real state market. Please see this website and write Cong. Garrett to stop this bill!
http://www.opencongress.org/bill/111-h3706/show

WEBINAR 9-22-9: Title holders post foreclosure must give residential tenants at least 90 days notice to vacate.

Submitted by National Mortga... on September 18, 2009

On and after May 20, 2009 federal Public Law No 111-22 mandates that successors-in-interest take title subject to existing lease and forbids eviction of tenants by such successors at foreclosure with less than 90 days notice to vacate.
Free - one-hour webinar will explain law.
Webinar for Lenders on Protecting Tenants at Foreclosure Act (PTFA)
On Tuesday, September 22, at 2:... Read More

Christopher Jared Warren- Nevada County Jail & TBW Lack of Oversight

Submitted by Michael S. Rich... on September 09, 2009

Warren was 19 when he was hired by Ameriquest Mortgage Co. He became a top-producer.
Selling around $5 million in high-interest loans and earning $30,000 per month. "My managers and handlers taught me the ins and outs of mortgage fraud, drugs, sex, and money, money and more money," he wrote. His manager, a friend, handed out the crystal methamphetamine to keep loan officers up and at... Read More

Taylor, Bean & Whitaker

Submitted by Michael S. Rich... on September 09, 2009

Looks like TBW had a lot going on!
Victor Cedeno was a loss mitigation negotiator in the loan resolution management department at the Ocala, Fla.-based company Taylor, Bean & Whitaker. A spokesman for the U.S. Attorney office said Mr. Cedeno is being sought by authorities.
Cedeno faces charges he allegedly stole more than $1.6 million from Taylor, Bean & Whitaker by... Read More

Mortgage Fraud, let's not just talk about it this time, take action!

Submitted by Michael S. Rich... on September 04, 2009

Once a white-collar criminal gets away with fraud, the process quickly becomes addictive. Success breeds more success, and before long such crafters of fraudulent mortgage loans clearly begin feeling that not only are they above the law but in fact, they are not doing anything wrong in the first place. Fraud can happen to anyone: loan officers, processors, underwriters, buyers, sellers,... Read More