The NMP Blog

203(k) Rehab Loan Program: Foreclosures Present Challenges, Opportunity

Submitted by John Walsh on February 22, 2010

The recent wave of foreclosed properties has wrought havoc upon the housing market. These properties have dragged down the prices of neighboring homes as well as increased the number of homes on the market, further depressing property values. However, there is a silver lining in this otherwise dark cloud, and that is the opportunity to take advantage of the FHA’s 203(k) mortgage loan program... Read More

Five Reasons to Stay in the Trenches

Submitted by Tom Ninness on February 20, 2010

Five Reasons to Stay in the Trenches
I don’t know about you, but I feel that the competition is going to thin out even more in 2010. For many, last year and so far this year has been very challenging. I believe that we will continue to see challenging times, however; the strong will survive and here are five reasons to stay in the game.
1. To have success, you have to endure... Read More

Commercial Loan Licensing Requirement Resources

Submitted by Melissamichele on February 18, 2010

I am looking for a matrix that indicates the licensing requirements for commercial loans in the US. I have an outdated one but was looking for a resource for a current one. Any ideas?
Something that indicates if a license is required in any of the US or if there is an exclusion, or if bonding or brokering is a factor.

Looking lenders for SPA Resort in Italy “high-risk”

Submitted by RichMondInvest on February 16, 2010

The largest Spa Resort & Wellness industry ever developed in worldwide.
The project is majestic was born in distant 2005 by a team specialized a marketing and sales for over 15 years with a proven track record, who has been working in the wellness industry for the last 10 years.
It is situated in Italy the heart of Tuscany hills Metallifere Lustignano is situated in the... Read More

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