Weekly Digest for 2008-10-05

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Posted on in General

Weekly Digest for 2008-10-05

I think rates are going down…….hang on. # [Libor] Overnight USD LIBOR Makes Biggest Jump on Record (Libor-Based products are moving up.) http://tinyurl.com/475qno # [Global Economy] Global Recession in 2009 to be Followed by Recovery in 2010, TD Report Says http://tinyurl.com/46459t # [RE Market] Double-Digit Decline in New Home Sales Suggests Turnaround is Months Away http://tinyurl.com/3opxgl # [Interest Rates] “Huge Wave of Panic” Hits Money Markets as T-Bill Rates Near Zero http://budurl.com/knba # [Economic Calendar] Construction Spending Falls Flat in August http://budurl.com/gfty # Powered by Twitter Tools.

by jberman
Posted on in General

Weekly Digest for 2008-09-28

[Consumer Education] HomePath http://www.fanniemae.com/homepath/ # [Fed Reserve] Bernanke Clarifies Government’s $700 Billion Proposal http://tinyurl.com/3sgum6 # [Re Bloggers] Mortgage Rates Respond To A Rapidly-Devaluing U.S. Dollar (Dan Green makes it simple.) http://tinyurl.com/52rzrq # New AR Post: Upcoming RE Tech Conferences – http://budurl.com/a5ph # [Dan Green] The Mortgage Reports Blog: Bankrate.com Mortgage Trend Index (September 25, 2008) http://tinyurl.com/4dxsfd # Powered by Twitter Tools.

by jberman
Posted on in Technology

RSS will help you be a smarter consumer.

A quick primer on RSS. RSS is a great way to keep up with websites that are constantly updating with new content. In this post, I’ll briefly explain the technology & the benefit to learning how to use it so that you may become more efficient consuming (and utilizing) the information you want with less effort. RSS is an acronym for Really Simple Syndication. The easiest way to understand RSS is to think of it as a broadcast beacon. Many websites offer you the ability to pick up their broadcast, also known as a “feed”, by clicking an RSS icon or inputting the link address into a feed aggregator. For more information about all of this, I recommend reading this wikipedia post on RSS. The advantage to RSS is that you no longer have to visit a website to know it has updates. Instead, websites that offer RSS allow you to subscribe to the RSS feed and when new content […]

by jberman
Posted on in General

Update: REBlogWorld – Communication – Barb Van Horn

A good friend recently told me that I needed to embrace a ‘beta’ philosophy and just get the content out there. I see the light. I agree, so welcome to the J. Berman Group {beta}. What is a blog? Well this is a blog. Albeit a rudimentary and basic effort. I like to refer to it as a BlogCast as we are casting our services via this site to you, our customer and our potential customer. What are we doing these days? Aside from keeping up with the barrage of mortgage industry changes, I am speaking to many groups large and small about the power of blogging and working virtually. I believe the real estate and mortgage agents of the future will spend more of their time utilizing the computer for their services. Marketing, workflow management, customer education, and back-end production will all be handled on the computer and on the web. To that end, I am involved in organizing […]

by jberman
Posted on in General

Provident Funding boots some mortgage originator clients

I am happy when lenders proactively stop working with bad mortgage broker clients. One common practice that I find annoying is when an originator doesn’t deliver a loan once it has been locked with a lender. It’s not uncommon to hear that some originators regularly break a lock if rates improve. Oftentimes they do this to pocket additional yield spread and give the customer the same originally promised rate. The problem with this practice is that it costs the lender money every time a mortgage originator doesn’t deliver a promised loan. This cost ultimately gets passed onto everybody else in the form of increased rates. It is nice to see that some lenders are now cutting these originators off from their source of funds and helping the good originators as a result. I applaud the efforts of Provident Funding. Let the originators that manipulate loopholes on a regular basis go work with lenders that will put up with it. The […]

by jberman
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