1st Metropolitan names six new preferred lenders and vendors

Jan 10, 2007

Seppinni releases second training bookMortgagePress.comMortgage training book Mortgage broker Darrin J. Seppinni has released his second mortgage training book, "The Millionaire Mortgage Broker: How to Start, Operate and Manage a Successful Mortgage Company." Published by McGraw Hill, it follows his original publication, "The Mortgage Originator Success Kit." "The Millionaire Mortgage Broker" provides the reader with the basic information needed to run a mortgage brokerage, from getting licensed to closing deals. Among topics discussed are loan products, financing basics, marketing, creating a niche and day-to-day management. Darrin J. Seppinni is the founder of Mortgage Smarts LLC, an education and training company based in Newport Beach, Calif. For more information, call (949) 721-1744 or visit www.mortgage-smarts.com.

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Jan 10, 2007

Analysis and Data

Every Dollar A Fraudster Makes, A Financial Firm Loses $4.41

U.S. investment firms and credit lenders see a 9% annual increase in the financial impact of fraud.

Overall fraud increased at least 6% for 63% of financial firms within the past year, with digital channels accounting for half of the overall fraud losses, according to LexisNexis True Cost of Fraud Study: Financial Services and Lending Report — US and Canada Edition. U....

Analysis and Data

Home Loan Applications See 2.7% Drop

The MBA's weekly mortgage applications survey shows decline in last week's application volume

Low inventory and high mortgage rates have taken their toll on prospective homebuyers, if the latest drop in new mortgage applications is any indication. The Mortgage Bankers Association’s (MBA) weekly mortgage applications survey showed a 2.7% decrease in mortgage applic...