Featured Articles

NMP’s Market Barometer: June 2009 Part II
NMP's Market Barometer is provided exclusively to National Mortgage Professional Magazine by David Beadle, president of BestInfo Inc., the BestRates cell, pager and e-mail rate alert service for mortgage industry subscribers.  A reading of... Read more
Rep. Jeb Hensarling proposes bill to end the TARP program
Rep. Jeb Hensarling (R-Texas) has introduced legislation to end the Troubled Asset Relief Program (TARP) on Dec. 31, 2009. Rep. Hensarling, who is a member of the Congressional Oversight Panel for the Troubled Asset Relief Program, said... Read more
NAMB President Savitt updates HVCC Call to Action: Calls flood Cuomo's office and GSEs
National Mortgage Professional Magazine had an opportunity to follow up with National Association of Mortgage Brokers President Marc Savitt regarding the Home Valuation Code of Conduct (HVCC) and NAMB's recently launched Call to Action... Read more
Loan mod forensic loan audit: Part I of III
What is a forensic loan review? Although an afterthought where mortgage lending is concerned, this piece of the mortgage function should be strongly considered not only from a compliance standpoint, but also from the standpoint of future... Read more
Dear Brian: How to get your clients selling for you!
Dear Brian: I am looking for suggestions or advice on getting testimonies from my clients who are closing. Do you suggest giving them a standard form to fill out and answer, along with remarks, or would you handle it differently? My goal... Read more
How to get rich in this market
I must say, as the former owner of one of the largest mortgage brokers in the country, I have a newfound respect for all the crap my loan officers must have gone through when I was at the top making policy at Carteret Mortgage. Literally,... Read more
Forward on Reverse: An equity-munching home loan
“If you share a good idea long enough, it will fall on good people,” says Jim Rohn. In that spirit, we revisit an idea I have addressed in this column, but it keeps coming up in my interactions online, in-person, and on the phone with... Read more
Agencies release list of distressed or underserved non-metropolitan middle-income geographies
The federal bank and thrift regulatory agencies has announced the availability of the 2009 list of distressed or underserved non-metropolitan middle-income geographies in which revitalization or stabilization activities will receive... Read more
What to do when clients think rates are dropping
The question in the title is one all of us are currently facing. The news keeps telling us that even though rates are at an all-time low, they are likely to drop even further. News like this is causing our clients to delay refinancing and... Read more
An industry of change: Mortgage brokers can expect more changes that will affect their process and procedures of loan production and operations
As you know, in 2008, several compliance changes occurred that will affect the broker operations in 2009. In the month of May, two new changes, the Red Flag Rules and the Home Valuation Code of Conduct (HVCC), go into affect unless... Read more