CFPB Aims Sights at Real Estate Offices

Well it’s here.  There is a class action lawsuit for $11.2 million against a large real estate company for RESPA violations. NAR can’t really do anything about this one.  Long & Foster Real Estate is on the short end of the stick with regards to a huge RESPA lawsuit.  They’re …

Another Chase Banker Dies

There absolutely has to be something going on at Chase right now as yet another executive takes his life by jumping 30 stories to his death. Last week we reported that high level investment execs have been killing themselves.  Two of those guys were from Chase and now yet another …

Bitcoin Allowed by Real Estate Firm

Manhattan Real Estate Firm, Bond New York, is now accepting Bitcoin as a means of payment when buying a home. What is Bitcoin?  Have you ever heard of it?  Well it’s money.  It’s money that has no regulation that’s virtually on-line.  Bitcoin is really taking off and it’s no surprise …

Success is Easy as Performing a Quadruple Bypass

Success is Easy as Performing a Quadruple Bypass.  All you have to do is apply yourself. As we approach the beginning of the new year we are leaning more toward motivational, or inspirational thoughts on the show.  Don’t worry though, if anything catastrophic occurs in the industry we’ll let you …

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Dodd Frank Part 2 Coming Soon

August 27, 2014 CFPB, Dodd Frank, Insurance 24 Comments

Did you know that only half of the rules and regulations of the Dodd Frank bill have been implemented?  Where will the cost of doing business go once the other half is rolled out?

On-line lead guys and gals.  LoanTek is your Huckleberry!  They are running about 60% purchase deals right not and what’s more is if you’re currently tied up in a competitors contract and you’d rather switch to LoanTek, they will let you use their system for free until your crummy contract expires!  For more information and to get started CLICK HERE.

frank_doddNow on to the show….  Did you know that to originate a loan today, that’s ONE loan, it cost over $5k?  And that’s down from last quarter!!  The cost of doing business in this industry has gone completely out of control.  It’s no wonder the under served classes are suffering so much when it comes to lending.  Imagine that, $5k to do a loan.  Right off the bat you’re underwater $5,000?  What lender is going to do an $80k loan out there?  Well the good news is at least the cost is coming down right?  Uh, well, maybe, why?  A big part of the cost of doing business out there is the cost of increased compliance through Dodd Frank.  Okay, so.  Uh, only half of Dodd Frank has been rolled out – do the math guys.  Let’s hope some “change” does come down the pipe soon.

With that let us know your thoughts down below and have a great day!

Frank and Brian

Hidden Industry Opportunities

Where there is trouble there is typically opportunity, and the mortgage and real estate industry is no different.

Before we get started.  The NAMB Convention is next month in Vegas.  I think we’re still hungover from last year.  Anyway, it’s always a great time.  You can get more info by CLICKING HERE.  But what’s more is REMN is having their birthday bash there on the 14th.  If you’ve never been to a REMN Vegas party, you’re missing out.  In fact the REMN Vegas Birthday Bash is officially “Frank and Brian Approved”.  So if you can get to Vegas, do so, and if you’re there don’t miss the REMN party.  Get more info by CLICKING HERE.

Opportunities AheadOn to the show.  Sometimes to find success you have to look in the nooks and cranny’s of the problems.  In today’s show we gathered up some rather bland statistics that have recently come out and we dig a little deeper to see where the opportunities are in them.  You can use the Napa earthquake as a perfect example.  A lot of people suffered damage which isn’t any fun, and we hope they all recover soon.  On the other hand the destruction of some is opportunity of others.  There’s probably a lot of mason workers and construction contractors feeling pretty good about things right now.  We can take the same view to the mortgage and real estate industry.  Cash buyers are down?  What does that mean to you?  It means more room for first time home to us.  So today we look at a couple of stats and consider both sides of the coin with them.  So tune in, enjoy, forward, share, subscribe and leave us your comments down below.

Have a great day!

Frank and Brian

Napa Rock and Roll

As you all know, we had kind of a big deal earthquake over here.  Our office is only about 25 miles from Napa as the crow flies so we got a pretty rude awakening early Sunday morning.  We won’t get into any details because main stream media has covered all of that.  Needless to say a bunch of people are pretty “shook up” over in our neck of the woods.  We at the NREP are all okay.  Some of us had some small items fall off shelves and counters, but overall we fared through it pretty well.

slide_363779_4110369_compressedIn Napa however, there’s a bunch of damage and some injured people.  Our thoughts and prayers go out to our neighbors and we hope that they recover from the incident quickly.  With that we chose not to do a show today, but we’ll be back in full force tomorrow.  We would like to take the time in this post however to thank you.  We’ve been doing this show now for a little over seven years.  Hard to believe it’s been that long.  At the end of the day we know we’ve got no show without an audience and your continued patronage is very much appreciated.  We know you tune in daily for some news and a chuckle, and we promise to continue to do our best to deliver it.

So you all have a great day and we’ll be back with a show tomorrow.  In the meantime, Rock and Roll baby…….

Frank and Brian

FHA MI Hikes

How do you feel about the FHA MI hikes that have gone down over the past 4 years?  The the new FHA commish, thinks they’re honky dory.

Making big bucks with FSBO’s is pretty easy if you’ve got the right plan in place.  Want to learn how to do it?  Check out our prerecorded webinar and see.  It’s all ready for you to watch.  Just CLICK HERE to check it out and start making some $$ where you’re not making it now.

MI IncreasesNow on to the show.  Well first of all Angelo Mozilo is back in the news… getting sued… probably deserves it.  Then you’ve got the fact that interest rates have dropped by .01% so we’re sure there will be a mad rush on the refi market – let’s hope not… And then there’s FHA.  The new Commish feels that they are right in line with how things should be when it comes to MI hikes.  Like it’s all good and everybody is a winner here.  Everybody but the industry and the borrower!  Come on, if we’re going to have an MI conversation it needs to be real, and what’s coming out of the head of FHA doesn’t seem very real to us.  So tune and and see what you think and let us know your thoughts below.  We really appreciate your comments!

Have a great weekend!

Frank and Brian

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