http://leadpress.com/forums/ LeadPress Mortgage Forums Sun, 21 Mar 2010 20:03:17 +0000 bbpress 1.0.1 q http://leadpress.com/forums/search.php http://leadpress.com/forums/topic/mark-cohen-is-for-real751-million-in-personal-mortgage-production-wow#post-146 Wed, 30 Dec 2009 10:26:31 +0000 Trace Richardson 146@http://leadpress.com/forums/ <p>Please be sure to place in the "Announcements" section to prevent deletion in the future... thanks! </p> http://leadpress.com/forums/topic/mark-cohen-is-for-real751-million-in-personal-mortgage-production-wow#post-145 Tue, 29 Dec 2009 23:19:13 +0000 figster 145@http://leadpress.com/forums/ <p>As a mortgage coach I have worked with loan officers all across the globe, it's what I do, I know the loan officer make up pretty well. A couple weeks ago I interviewed MEGA producer Mark Cohen with Cohen Financial Group in Beverly Hills, CA and you may remember there was quit a bit of a response and uproar to that rare interview with Mark, yet most of the feedback was amazing and exhilarating. It lifted spirits for many and encouraged them they too could go for more and simply do better. Then there were some that listened to his staggering numbers of $751 MILLION in personal funding's with 709 units and could not believe that, not only could they not believe those numbers, they attacked it as if it were not true. Many scolded the truth of what was and simply could not look in the mirror to what is....they believed no single person could do something so historic, so profound, so unheard of, it was simply an impossible feat. They said it was impossible in this economy during these times with these conditions...,the truth is, it was impossible, yet possible, just as a black man is in the white house...</p> <p>Mark has opened his doors to us in a very powerful way and we are greateful and the real thing is for us to listen and pay attention, surrender and let go, he's here to share, not lie...grab what you can grab, get what you can get, take what you can take and contribute your openness. Mark is willing to open his doors for those that would like to see what such an operation could would look like should you step up and play FULL OUT. There's no hidden agenda, no facts to hide, nothing to conceal or withhold, it's all layed out....no magic, no pills, no tricks, no gimmicks, no formulas, just pure hardcore fundamentals practiced everyday. If you still don't believe reach out to <a href="mailto:yourwinning@comcast.net">yourwinning@comcast.net</a> and I'll make sure first hand you see Marks operation. The truth is, it's for real. I'm like a great FBI agent, I know the guys a con before the guy tells me I was conned, it's instinctive, it's intuition, gut..call it what you will. Mark if for real. </p> http://leadpress.com/forums/topic/brett-interviews-mark-cohen-2-mortgage-originator-in-world-1#post-144 Mon, 14 Dec 2009 20:51:37 +0000 Trace Richardson 144@http://leadpress.com/forums/ <p>I've moved this to the appropriate section under "announcements", please be sure to post in the right section to avoid deletion, thanks. </p> http://leadpress.com/forums/topic/appraisal#post-143 Mon, 14 Dec 2009 20:13:45 +0000 jeffreyfrog 143@http://leadpress.com/forums/ <p>Whenever there are two appraisals involved most of the time the loan amount is high enough and thus require validation from two different agencies/entities.</p> <p>So many of the lenders get it done through third party agencies.and if they found any discrepancy in both the report then it may hamper the loan proceedings itself. </p> http://leadpress.com/forums/topic/brett-interviews-mark-cohen-2-mortgage-originator-in-world-1#post-142 Mon, 14 Dec 2009 19:11:59 +0000 figster 142@http://leadpress.com/forums/ <p>Come listen in as Mortgage Coach Brett Figueroa interviews Mark Cohen from Cohen Financial Group. Mark is the #2 loan originator in the world. 2009 production was $751 Million in personal business...come listen in... </p> <p><a href="http://brettfigueroa.homestead.com/Mark-Cohen-Interview.HTML" rel="nofollow">http://brettfigueroa.homestead.com/Mark-Cohen-Interview.HTML</a> </p> http://leadpress.com/forums/topic/brett-interviews-mark-cohen-2-mortgage-originator-in-world#post-141 Mon, 14 Dec 2009 19:09:00 +0000 figster 141@http://leadpress.com/forums/ <p>Come listen in as Mortgage Coach Brett Figueroa interviews Mark Cohen from Cohen Financial Group. Mark is the #2 loan originator in the world. 2009 production was $751 Million in personal business...come listen in... </p> <p>Http://brettfigueroa.homestead.....rview.HTML </p> http://leadpress.com/forums/topic/appraisal#post-139 Thu, 10 Dec 2009 23:14:23 +0000 askmr 139@http://leadpress.com/forums/ <p>Do you have available units in Oklahoma? I'm buying houses but as much as possible they are from Oklahoma </p> http://leadpress.com/forums/topic/hello-everyone#post-138 Thu, 10 Dec 2009 23:12:20 +0000 askmr 138@http://leadpress.com/forums/ <p>Hi every one, this Scott I find this site interesting hope we could be able to share information here regarding mortgage &amp; real estate </p> http://leadpress.com/forums/topic/wearing-a-mixed-development-model#post-134 Tue, 01 Dec 2009 00:03:28 +0000 Anonymous 134@http://leadpress.com/forums/ <p>In every city, certain functions and developments can be analyzed side by side. On the other hand, there is over crowding of functions and overlapping of their zones within the city limits, which results in the grouping of primary and secondary functions. Thus, Dickenson’s ‘natural area’ evolves. Classification of land in any oriental city is a highly tricky job in comparison to the common features seen in the western cities because they are juxtaposed and mixed.</p> <p>However, the Indian cities are marked by their distinctive pattern of urban land-use. Especially in the central part of the city, the multi-storied buildings are put to multifarious uses, which is a very common phenomenon. When considering the high rise flats and <a href="http://www.abadbuilders.com/quality_policy.asp">Apartments in Kerala</a> , the front portion of the ground floor facing the main street road is usually used for commercial purposes, whereas the upper floors are let out for offices on rent or for people to reside. The back portions are the residences of the owners, so that the other family members can look after their shops in the absence of the head of the family.</p> <p>Many other interesting features can also be seen in the commercial areas. The commodities sold in the stores vary from vegetables to medicines and from utensils for daily use like groceries, even though they are not departmental stores. In India, different functions of cities are so much intermixed that it is difficult to classify different land-uses according to their functions. Hence, the land-use classification is extremely tricky and difficult without applying personal knowledge and judging the developments from certain angles.</p> <p>The Cochin metropolis is not an exception to the market conditions in the Indian cities due to the distinctive pattern of urban land-use. The market forces have always dominated the urban real estate sector in the commercial capital of Kerala for a long time. This trend cannot be reversed even if the government dares to intervene in the market. </p> http://leadpress.com/forums/topic/save-the-american-dream-seminarreclaim-a-legacy-workshop#post-133 Tue, 17 Nov 2009 01:12:08 +0000 Trace Richardson 133@http://leadpress.com/forums/ <p>We moved your previous post the announcements section as we are this one, please post in the right section to prevent deletion, thanks. </p> http://leadpress.com/forums/topic/save-the-american-dream-seminarreclaim-a-legacy-workshop#post-132 Mon, 16 Nov 2009 19:33:31 +0000 Anonymous 132@http://leadpress.com/forums/ <p>Local Radio Personalities<br /> Josefa Salinas and Rene Taylor<br /> Join Forces with National Housing Advocate and Author, Shirin Sharkawi<br /> to Save The American Dream</p> <p>What: Save The American Dream Seminar...Reclaim A Legacy Workshop</p> <p>Why - National Banks are falling short of modification eligible families mortgage's causing<br /> national hardships and a strain on our economy. This workshop and on going blue print, is designed to give American Families the education, tools and support to create a household budget, take control of their mortgage and rebuild their credit.</p> <p>Host - Shirin Sharkawi<br /> Housing Advocate, Host Of Nationally Syndicated Homeownership Talk Segment on the Warren Ballentine show and Author of Save The American Dream, How to Modify Your Mortgage and Rebuild Your Credit.</p> <p>Moderated/Special Guest - Josefa Salinas and Rene Taylor, Hot 92 Jamz Radio Personalities</p> <p>When - December 12, 2009</p> <p>Roundtable - 9:00 AM- 10:30 AM</p> <p>Workshop: 11:00 AM - 4:00 PM</p> <p>Where- Dockweiler Youth Center, Playa Del Rey, CA</p> <p>Work Shop Agenda- How to Lower Your Mortgage Payment<br /> How to avoid foreclosure<br /> How to buy a house after a foreclosure or bankruptcy<br /> How to rebuild your credit after setbacks<br /> How to put together a budget that pays down debt and builds savings<br /> How To Rebuild Your Credit<br /> How to Negotiate A Loan Modification with your bank<br /> How to Negotiate A Short Sale<br /> How to qualify for the Obama Housing Plan<br /> How To stop collection calls with 1 letter much more</p> <p>Sign Up - <a href="http://www.savethedreamseminars.com" rel="nofollow">http://www.savethedreamseminars.com</a><br /> Media/Political Leaders RSVP For Roundtable <a href="mailto:rsvp@reachmarketinginc.com">rsvp@reachmarketinginc.com</a></p> <p>EVENT WEBCAST LIVE VIA USTREAM</p> <p>KNOW YOUR RIGHTS - ATTORNEY ON HAND TO ANSWER YOUR QUESTIONS</p> <p>WORKSHOP WILL BE TRANSLATED IN SPANISH </p> http://leadpress.com/forums/topic/guaranteed-notary-services#post-131 Mon, 16 Nov 2009 16:15:31 +0000 danteaugustus 131@http://leadpress.com/forums/ <p>North Star Notary<br /> A Nationwide Service<br /> 9042 Garfield ave ste 207<br /> Huntington Beach, Ca<br /> 92646</p> <p>Hi, My name is Dante’</p> <p> I would like the opportunity. To prove to you my services are the impeccable.</p> <p>• We carry 500K error and omission ins.<br /> • We have a 24hr turn around same day signing<br /> • You may contact us 24hrs a day.<br /> • If the loan does not fund. We do not charge.</p> <p> We are an extension to your business. We refer you also.</p> <p>Dante’ Jones<br /> Account Rep.<br /> Direct # 310 962 2125<br /> Toll # 877 225 0871 </p> http://leadpress.com/forums/topic/get-a-sigh-of-relief-by-uk-mortgage-help#post-130 Sat, 14 Nov 2009 03:04:16 +0000 localadvisor123 130@http://leadpress.com/forums/ <p>Having own home is the dream of almost every person but the financial conditions do not allow all to make their dreams come true. In UK, a large number of people have got their homes on mortgage. The reason behind the trend of purchasing home from different financial institutions is that they feel it as an affordable and easy to deal with option. Everyone knows that the rate of unemployment is increasing at a considerable pace and now touching skies. It has brought problems in the lives of people because of not paying the installments on time. This has resulted as the fear of repossessions, which no one would like to face. If you are unable to pay your monthly installments and don’t want to leave your home, then you should go for <a href="http://my-local-advisor.co.uk/helpme/index.php">UK mortgage help</a>. This help can sort out many problems. </p> <p>In order to seek this kind of help, you can consult UK mortgage agents. You will find many agents, who can assist you and can take away all your worries. You can consult an agent, who will provide you with possible solutions to tackle the problem. Your agent will tell you the source, which can support you in repaying your debts. There are several debt consolidation companies working in United Kingdom, which have been acting like third party and on contacting with these agencies; you will not get bothered by your lender, as the third will take the responsibility of repaying your debts. Then you will have to pay money to the consolidation company on fairly less interest rates. </p> <p>You will have to get a piece of your property or some of your assets possessed by the consolidation agency. If you are not willing to involve a third party then you should discuss this issue with your lender. If you are feeling some financial problems and are unable to pay your monthly installments, then you should talk to your lender. He will surely understand your problem and will take out a solution. He may allow you to break your installments into small payments by increasing the time period of paying back your mortgage loan. You shouldn’t wait for the problem to knock at your door. If you are anticipating any kind of financial problem in the near future, even then you should talk to your lender, who will understand your situation and will also get to know that you are showing responsible behavior in terms of paying your installments on time. On getting involved in such <a href="http://my-local-advisor.co.uk/helpme/viewforum.php?f=25&amp;sid=9d0aa3bc2806d0207172eb832f073484">UK mortgage discussion</a>, you can get a way out to your existing problem. </p> <p>You can also take help from UK mortgage forums, from where you can fetch some instant and easiest ways of solving your debt related problems. On reading the above-mentioned UK mortgage tips, you can easily get a sigh of relief and will never get bothered by this problem, again in your life. In this way, you can easily live in your homes and will be prevented from repossessions by your lender. </p> http://leadpress.com/forums/topic/hi-all-members#post-129 Sat, 14 Nov 2009 03:00:57 +0000 localadvisor123 129@http://leadpress.com/forums/ <p>My name is Muqtada Khalid, i m working for a private consulting company helping in Mortgage, Finance, Insurance and other kinds of financial help that keeps you safe and secure from fraud and scam.</p> <p>Thanks<br /> <a href="http://my-local-advisor.co.uk/helpme/viewforum.php?f=25">uk mortgage discussion</a> </p> http://leadpress.com/forums/topic/save-the-american-dream-roundtable#post-127 Fri, 13 Nov 2009 19:12:24 +0000 Anonymous 127@http://leadpress.com/forums/ <p>Loan Modification Workshop Hosted by Housing Advocate, Talk Show Host and Author of Save The American Dream, How to Modify Your Mortgage and Rebuild Your Credit" Shirin Sharkawi Moderated by Hot 92 Jamz Radio Personalities Josefa Salinas and Rene Taylor December 12, 2009 Dockweiler Beach Playa Del Rey, CA Live Webcast Available Sign Up Today and Take Back Your American Dream<br /> <a href="http://www.savethedreamseminars.com" rel="nofollow">http://www.savethedreamseminars.com</a><br /> 1-877-325-741 </p> http://leadpress.com/forums/topic/calling-all-loan-officersmortgage-brokers-sick-of-chasing-leads#post-126 Thu, 29 Oct 2009 17:58:50 +0000 cleancreditclinic 126@http://leadpress.com/forums/ <p>Your move is greatly apperciated. </p> http://leadpress.com/forums/topic/simple-lead-generation-method#post-125 Thu, 29 Oct 2009 17:57:24 +0000 cleancreditclinic 125@http://leadpress.com/forums/ <p>Hi do you provide house buyers leads, if yes then kindly let me know. </p> http://leadpress.com/forums/topic/engineering-certificates-for-manufactured-homes#post-124 Thu, 29 Oct 2009 17:51:55 +0000 cleancreditclinic 124@http://leadpress.com/forums/ <p>Hi Josh great info. thanks. </p> http://leadpress.com/forums/topic/loan-modification-software-with-250000-free-mortgage-leads#post-123 Thu, 29 Oct 2009 17:50:52 +0000 cleancreditclinic 123@http://leadpress.com/forums/ <p>* Complete Lender Contact Manual $300 Value<br /> * Complete Lender Specific Loan Mod Forms $100 Value<br /> * Complete Customizable Contracts $500 Value<br /> * Complete Loan Modification Guide $100 Value<br /> * Loan Modification Marketing Guide $100 Value<br /> * Loan Modification Marketing Tools $300 Value<br /> * 250,000 Free Loan Modification Leads $800 Value<br /> * 1000 Homeowner Email Addresses Leads $200 Value<br /> * Exclusive Funding Source Directory $500 Value<br /> * Business Plan Step-by-Step Guide $50 Value</p> <p>I was searching for these services . </p> http://leadpress.com/forums/topic/forensic-loan-mortgage-audit-software-uncover-violations#post-122 Thu, 29 Oct 2009 17:47:36 +0000 cleancreditclinic 122@http://leadpress.com/forums/ <p>The site is great. </p> http://leadpress.com/forums/topic/appraisal#post-120 Thu, 29 Oct 2009 17:34:44 +0000 cleancreditclinic 120@http://leadpress.com/forums/ <p>Looking forward to sell a house in california, where can i get professional appraisal. </p> http://leadpress.com/forums/topic/hello-everyone#post-119 Thu, 29 Oct 2009 17:25:14 +0000 cleancreditclinic 119@http://leadpress.com/forums/ <p>Hello seems to be a nice place to learn about Mortgage good lick to all. </p> http://leadpress.com/forums/topic/hi-and-i-am-here#post-118 Sun, 25 Oct 2009 23:26:44 +0000 Trace Richardson 118@http://leadpress.com/forums/ <p>Welcome Mike! Hope you had a great weekend! </p> http://leadpress.com/forums/topic/hi-and-i-am-here#post-117 Mon, 19 Oct 2009 00:05:01 +0000 Mike Dammann 117@http://leadpress.com/forums/ <p>Cool place, looking forward to meeting other mortgage webmasters.</p> <p>Mike Dammann<br /> <a href="http://www.myloansconsolidated.com" rel="nofollow">http://www.myloansconsolidated.com</a> </p> http://leadpress.com/forums/topic/credit-repair-debt-settlement-real-estate-turn-key-business-package#post-116 Thu, 15 Oct 2009 15:49:51 +0000 Anonymous 116@http://leadpress.com/forums/ <p>Complete Turn Key Credit Repair, Debt Settlement and Real Estate Business Packages for only $78 for a limited time, click below.</p> <p><a href="http://intellibizpro.com/" rel="nofollow">http://intellibizpro.com/</a> </p> http://leadpress.com/forums/topic/forensic-loan-mortgage-audit-software-uncover-violations#post-115 Thu, 15 Oct 2009 15:48:21 +0000 Anonymous 115@http://leadpress.com/forums/ <p>Forensic Loan Audit Software plus everything below as a free bonus only $78 limited time offer</p> <p><a href="http://www.forensicloansoftware.com/" rel="nofollow">http://www.forensicloansoftware.com/</a><br /> <a href="http://www.forensicloansoftware.com/" rel="nofollow">http://www.forensicloansoftware.com/</a></p> <p>* Forensic Loan Audit Software-Unlimited Use $500 value<br /> * Forensic Loan Audit Guide $100 value<br /> * Forensic Loan Audit Manual $50 value</p> <p>Plus the following bonus</p> <p>* Credit Repair Guide $100 value<br /> * Short Sales Guide $100 value<br /> * Short Sales Plus 3.0 $150 value<br /> * Lender Loss Mitigation Directory $50 value<br /> * Legal Forms Database $300 value<br /> * Deluxe Marketing Tools Plus $100 value<br /> * Deluxe Web Site Templates 3.0 $100 value </p> http://leadpress.com/forums/topic/loan-modification-software-with-250000-free-mortgage-leads#post-112 Thu, 15 Oct 2009 15:44:39 +0000 Anonymous 112@http://leadpress.com/forums/ <p>Fellow Members,<br /> Want to let you know of a great deal I found on the net.</p> <p>If you are already doing loan modifications or want to get into the business, this $49 loan modification software package is for you. Everything below for only $49 including Loan Mod Software, Leads, Real Estate Tools and more.</p> <p><a href="http://directcapitalsoftware.com/" rel="nofollow">http://directcapitalsoftware.com/</a></p> <p><a href="http://directcapitalsoftware.com/">http://directcapitalsoftware.com/</a></p> <p>* Loan Modification Software $500 Value<br /> * Loan Modification Software Training Videos Great Value<br /> * Loan Wizard $200 Value<br /> * Forensic Loan Audit Toolkit $200 Value<br /> * Pre-Qualification Toolkit $100 Value<br /> * Foreclosure Loss Pro $100 Value<br /> * Real Estate Flip Pro $150 Value<br /> * Real Estate Invest Pro $150 Value<br /> * Real Estate/Reo Course $250 Value<br /> * Short Sale Guide Pro $100 Value<br /> * Complete Lender Contact Manual $300 Value<br /> * Complete Lender Specific Loan Mod Forms $100 Value<br /> * Complete Customizable Contracts $500 Value<br /> * Complete Loan Modification Guide $100 Value<br /> * Loan Modification Marketing Guide $100 Value<br /> * Loan Modification Marketing Tools $300 Value<br /> * 250,000 Free Loan Modification Leads $800 Value<br /> * 1000 Homeowner Email Addresses Leads $200 Value<br /> * Exclusive Funding Source Directory $500 Value<br /> * Business Plan Step-by-Step Guide $50 Value<br /> * Complete Financial &amp; Business Planning Tool Kit $150 Value<br /> * 12 Month Profit &amp; Loss Business Tool $50 Value<br /> * Complete Cash Flow Forecast Tool $75 Value<br /> * Power Point Business Templates $50 Value<br /> * 1000 Business Forms &amp; Letters $200 Value<br /> * Project Organizer Pro Deluxe Software $200 Value<br /> * Sales Letter Automater Pro Software $200 Value<br /> * Free Shipping-Same Day Delivery! Great Value </p> http://leadpress.com/forums/topic/simple-lead-generation-method#post-111 Thu, 15 Oct 2009 08:19:02 +0000 dfw1 111@http://leadpress.com/forums/ <p>I have recently discovered an incredible way to generate leads for any type of business...</p> <p>If you sell a product or a service this could create many new prospects for you...</p> <p><a href="http://www.winatmarketing.com/leads.html">Discover more here</a>.</p> <p>It is well worth your time to find out more. </p> http://leadpress.com/forums/topic/hello-1#post-109 Wed, 07 Oct 2009 16:21:13 +0000 Trace Richardson 109@http://leadpress.com/forums/ <p>Hi Donald, welcome! </p> http://leadpress.com/forums/topic/engineering-certificates-for-manufactured-homes#post-108 Fri, 25 Sep 2009 08:26:44 +0000 foundationplus 108@http://leadpress.com/forums/ <p>My name is Josh Wood and I represent a company called Foundationplus. We work closely with consumers who are seeking to get an FHA or VA loan to purchase or refinance a manufactured home. We’ve also worked with many reverse mortgage applicants.</p> <p>As you probably know by now, FHA requires an engineering certificate stating the home is on a permanent foundation per the HUD guidelines in order to receive FHA financing. </p> <p>That’s where we come in. If the foundation is non-compliant, Foundationplus has a system that can be added to the existing foundation and meets all guidelines set forth by HUD. An engineer certificate is provided upon completion of the job at no additional charge. This alleviates the expense and time of having the engineer go out a second time to re-inspect the foundation.</p> <p>I think we all agree that everyone could use a little less stress in these hard times. One phone call to Foundationplus could make things run a little smoother at the closing table.</p> <p>If you’ve gotten to the end of this, thank you so much for your valuable time! I look forward to possibly working with you and your manufactured home consumers in the future.</p> <p>Josh Wood<br /> Foundationplus<br /> 888/607-2101<br /> <a href="http://www.foundationplus.net" rel="nofollow">http://www.foundationplus.net</a> </p> http://leadpress.com/forums/topic/hvcc-awful#post-107 Wed, 16 Sep 2009 09:16:01 +0000 kevin57 107@http://leadpress.com/forums/ <p>Had an appraisal on a house by FHA appraiser 2 mths ago and got $ 97,000. Had to take it conventional HVCC. Borrower paid $ 547 for apprasial and rental analysis, and got a value of $ 65,000. Loan balance is $ 72,000. Borrower is out $ 547. Got to change! </p> http://leadpress.com/forums/topic/hello-1#post-106 Wed, 09 Sep 2009 10:27:14 +0000 Donald Tatterstall 106@http://leadpress.com/forums/ <p>Just came to say Hi </p> http://leadpress.com/forums/topic/hvcc#post-105 Thu, 03 Sep 2009 05:33:58 +0000 tcushman 105@http://leadpress.com/forums/ <p>It overwhelmingly impacts small lending institutions and independent appraisers to the detriment of consumers.</p> <p>a) Consumers will have to pay more for their appraisals to have them completed by AMCs. b) The exclusive use of AMCs limits competition in the marketplace, leaving the consumer and independent appraisers at a disadvantage.<br /> c) The AMC model is flawed and will produce poor quality work that will create a continuation of the declining housing market.<br /> 2) The manner in which lenders will collect fees in compliance with the HVCC is a potential violation of RESPA.</p> <p>a) Lenders may be in direct violation of section 8(b) of RESPA due to possible up-charging and fee-splitting. Every lender will be at risk of HUD action on every brokered loan they underwrite.<br /> b) Lenders will not utilize brokers for fear of potential RESPA violations. In addition, those lenders who only do brokered loans will go out of business all together, and competition within the marketplace will cease to exist. Again, at the detriment of consumers.</p> <p>3) There already exists pervasive federal regulation of the mortgage lending industry's acquisition of real estate appraisals. </p> <p>a) FIRREA - In 1989, following the savings and loan crisis, Congress passed the Financial Institutions Reform, Recovery and Enforcement Act ("FIRREA"), which established a multi-faceted real estate appraisal regulatory system involving the federal government, the states, and The Appraisal Foundation. Since 1989, the federal agencies responsible for regulating financial institutions have promulgated regulations under FIRREA that set forth "generally acceptable appraisal standards," and have issued guidance relating to real estate appraisals, which, among other things, set forth standards for selecting qualified appraisers. These regulations and appraisal guidelines both prohibit improper influence on appraisers and work to ensure appraisal independence.<br /> b) FRB Final Rule - In July 2008, the Federal Reserve Board ("Board") issued a final rule prohibiting all mortgage brokers, mortgage lenders and their affiliates "from coercing, influencing, or otherwise encouraging appraisers to misstate or misrepresent the value of a consumer's principal dwelling." In issuing this final rule, the Board concluded that "[no] particular procedure for ordering an appraisal necessarily promotes" fraudulent appraisals. Rather, the Board determined that the "coercion of appraisers," whether by lenders or mortgage brokers, "is an unfair practice" and the final rule should apply to lenders and mortgage brokers alike. NAMB fully supported the Board's final rule because it targets problematic practices, rather than business relationships that present no inherent problems.<br /> c) FFIEC Interagency Guidance - On November 19, 2008, the FFIEC regulatory agencies issued proposed revisions to the "Appraisal and Evaluation Guidelines," and requests for comment. The FFIEC regulatory agencies are currently reviewing the submitted comments and plan to issue a final rule this year.<br /> d) H.R. 1728 - "The Mortgage and Anti-Predatory Lending Act of 2009" was introduced on March 26, 2009. TITLE VI of the bill - APPRAISAL ACTIVITIES - deals with every facet of the appraisal process that will ensure true appraisal independence and protect consumers.</p> <p>4) The HVCC fails to comply with the Administrative Procedures Act.</p> <p>The HVCC is a substantive rule that created de facto regulation of the entire mortgage industry in violation of the Administrative Procedure Act ("APA").<br /> a) The FHFA is an agency and the HVCC falls within the definition of a rule under the APA. As such, the FHFA was required to utilize notice and comment rulemaking proceedings under the APA, but the agency failed to do so.<br /> b) Because this rule regulates the entire mortgage industry and the FHFA failed to follow proper rulemaking procedures, we believe the HVCC is void, invalid, and unenforceable.</p> <p>Its impact on Consumers:<br /> A. The HVCC negatively affects consumers by increasing the costs to consumers for an appraisal, reducing consumer choice and adversely impacting a consumer's ability to obtain a reliable and quality appraisal.<br /> B. The HVCC creates a heightened risk for consumers by requiring the use of unregulated Appraisal Management Companies (AMCs) for appraisals. The original investigation that prompted the HVCC's creation was of an AMC and WAMU alleging that they engaged in practices of pressuring appraisers on behalf of WAMU.<br /> C. It increases the time to fund loans for consumers which necessitates longer rate locks or extensions of existing locks thereby increasing costs to consumers. In the case that a new lender or broker is chosen, a new appraisal will be necessitated, increasing the time to fund.<br /> D. It restricts the portability of an appraisal since each lender, in effect, will require a new appraisal.<br /> Its impact on Small Business:<br /> E. The HVCC squeezes out small business professionals that are striving to survive and have been working with consumers in the very neighborhoods where they are looking to purchase homes.<br /> F. The HVCC affects small business appraisers, mortgage brokers, Realtors and lenders in all 50 states without having been reviewed by ANY state or federal legislature or agency.<br /> G. Small business professionals who have indepth knowledge of local market conditions are being sacrificed for large AMCs who operate on a national scale to distribute orders through a primary processing hub or hubs which can be located up to thousands of miles away from the property being appraised.<br /> Its failure to comply with procedural law:<br /> H. Although the HVCC is broad regulation having a significant impact on small businesses and consumers, it did not go through the Administrative Procedures Act, the Regulatory Flexibility Act or other procedural laws as required by any regulation issued by a federal agency.<br /> I. FHFA claims that as Conservator of the GSEs, its actions are not "agency actions" under the APA and that its actions are "expressly precluded from judicial review" as a result of the Housing and Economic Recovery Act.<br /> Appraisal standards exist:<br /> J. The Federal Reserve issued appraisal independence standards through Regulation Z being implemented this October which applies to every industry participant.<br /> K. The banking regulators issued interagency guidance on appraisal standards which are expected to become final this year. </p> http://leadpress.com/forums/topic/hvcc#post-104 Fri, 28 Aug 2009 14:49:05 +0000 Voyage Home Loans 104@http://leadpress.com/forums/ <p>Mr Estes i couldnt agree with you more. Its so funny how Banks and investors always win! When the market is booming they find creative ways to get you into loans.. bend guidelines to the max! BUT when the market is declining they pucker up tight as ever! In this market mnore then ever working with companys that are seasoned in their relationships with their lenders are even more important!</p> <p>N. Peter<br /> Voyage Home Loans </p> http://leadpress.com/forums/topic/calling-all-loan-officersmortgage-brokers-sick-of-chasing-leads#post-103 Thu, 27 Aug 2009 18:15:49 +0000 Trace Richardson 103@http://leadpress.com/forums/ <p>Thanks for getting this in the right section, sweet! </p>