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When was the last time you bought a house, and instead of the seller paying the realtor fees, you got stuck paying them? It's never happened to me. In fact, I've never heard of it before - that is, until Jerry Seinfeld kindly enlightened us all. Check out the story. I guess patience truly is a virtue, at least a $98,000 one.
In other news, it looks like consumers are continuing the trend of refinancing to tap into the equity in their home. Compared to the rates offered with home equity lines of credit, the cash out option is simply saving consumers money.
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| THIS WEEK'S HEADLINES |
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- Judge: Jerry Seinfeld Must Pay Realtor Fee
- How mortgage scams snare unsuspecting sellers
- More homeowners are refinancing to tap equity
- Single Family Housing Starts Continues to Slide
- What to do with 2/28 mortgage
- Bush Unveils Plan
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Do you have live call tranfers of double-verified and interested borrowers in your marketing mix?
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Get answers to all of your questions by chatting online with one of our Senior Account Executives.
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| What Your Customers Are Reading About |
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| Bankrate |
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| I purchased my first home back in September 2005 at a fixed rate of 6.5 percent for the first two years and an adjustable rate thereafter. When can I refinance my mortgage so that it'll remain at a fixed rate -- preferably lower than 6.5 percent?
Full Story
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| Industry News |
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| Originator Times |
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| A New York judge has ruled against comedian Jerry Seinfeld in a dispute over a commission on a real estate transaction.
Full Story
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| MarketWatch |
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| People looking to extract equity from their homes have increasingly been turning to cash-out refinancing, industry observers say.
Full Story
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| Originator Times |
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| An unseasonably warm December helped boost total housing starts, which includes condominiums and apartments, 4.5 percent to a seasonally adjusted annual rate of 1.642 million units for the month, according to figures released by the Commerce Department. However, single-family builders broke ground on fewer homes in December as builders reduced their inventories while buying conditions improved.
Full Story
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| MarketWatch |
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| In your article about how to guard against mortgage fraud, you wrote: "Don't jump at a contract offer that ... involves a kickback of the overage to the buyer at closing. Chances are the buyer wants an inflated price on the property so he can take the additional money and run without every making the first payment.
Full Story
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| All Headline News |
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| Bush's proposal would treat health insurance premiums similarly to the mortgage interest on a home that is tax deductible to homeowners with enough other qualifying expenses to itemize deductions. That is the deduction that can make home ownership more affordable than renting for some people.
Full Story
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We're working hard to make our client Extranet at Clients.DoublePositive.com an increasingly useful tool. We'll provide weekly updates on improvements recently released and those coming soon. We want to know what enhancements are most valuable to you! We'll use your feedback to prioritize our development, so please email us now with your suggestions!
Current Features
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LendingSuccess. Increase your income and close more with LendingSuccess, Magazine. Email us to request a free online version of the current issue. LendingSuccess.com
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MortgagePro News is offering a complimentary LIFETIME subscription to DoublePositive clients. This e-mail newsletter is sent out two days per week with commentary, industry trends, and tips you'll use over and over. To take advantage of this offer, please contact us. MortgageProNews.com
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Mortgage Originator magazine is offering a complimentary 6-month subscription to DoublePositive clients. To take advantage of this offer, please contact me. (Current subscribers to Mortgage Originator magazine are not eligible for this offer.) MortgageOriginator.com
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DNCSolution is a family of Internet-based products that handle the full range of Do Not Contact (Do Not Call, Do Not Fax, Do Not E-mail, Do Not Mail) compliance. DNCSolution also addresses the privacy directives and opt-in/opt-out preferences of your prospects and customers. DNCSolution.com
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Leads360’s lead tracking software can give you visibility over your sales force and get valuable insight into your contact ratio. Contact Leads360 today and learn how we can help you increase your contact ratio by more than 20% in the first month. Call 1-888-508-4462 or visit Leads360.com
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