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The National Association of Realtors, sales for 2006 were down 8.4 percent, the biggest annual drop since the savings and loan crisis in 1989. And while the market is far from recovering, there are signs that it is starting to stabilize. The inventories of unsold homes were down 7.9 percent to 3.50 at the end of December and the median price of homes sold in December was up. While it's impossible to tell if the housing market has hit bottom yet, or when it will, I'm encouraged by the trends in December and the strong first month of 2007. Please let me know if there is anything I can do to help you get February off to a great start.
I also wanted to remind you about our referral program. For every new client you refer who orders 50 transfers, you'll get 5 free transfers—a value of up to $500! And as always, make sure you check out this week's deals on LIVE Hot Transfers,give us a call at 888-376-7484.
Have a great day!
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| DoublePositive |
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| Do you have live call tranfers of double-verified and interested borrowers in your leads mix? You should, and we can help. You can call us 888-376-7484, Click to Chat or just Get Started! |
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| Regulatory Updates |
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| DNC Solutions |
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| Florida Agriculture and Consumer Services Commissioner Charles Bronson has filed a law suit against a central Florida roofing company for violating Florida’s Do Not Call laws. The law suit alleges that the Orlando roofing company made at least 10 calls to Florida residents on the state’s Do Not Call list and that it also used a pre-recorded message in some of the calls which is a separate violation of Florida’s state law. The law suit seeks fines of up to $10,000 for each of the calls the roofing company made to prohibited numbers.
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| What Your Customers Are Reading About |
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| Motley Fool |
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| Buying a house is the largest purchase that most people ever make. Although there are a few people with the financial resources to pay cash for their new home, everyone else has to think about what kind of mortgage loan to get and how much they can afford.
Full Story
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| BankRate |
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| Get cold sweats just contemplating 30 straight years of mortgage payments? You ain't seen nothing yet.
Full Story
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| Industry News |
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| MaineToday |
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| A Portland mortgage broker who testified he acted in self-defense in shooting a friend was convicted of murder on Monday.
Full Story
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| Santa Cruz Sentinel |
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| Two lenders specializing in "subprime" mortgages that made loans in Santa Cruz County have shut down, and a third stopped taking applications Wednesday, signs of trouble in the industry.
Full Story
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| MarketWatch |
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| The number of applications for mortgages filed with major U.S. banks fell by a seasonally adjusted 8.4% last week compared to a week earlier, with purchase and refinancing loans both lower, the Mortgage Bankers Association reported Wednesday.
Full Story
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| Mortgage Originator |
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| Although on-line lending giant E-Loan’s website claims “Expect Fairness,” apparently that didn’t apply to 506 originators that settled a class action suit against the lender claiming they were not paid overtime.
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| MarketWatch |
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| Adjustable-rate mortgage rates moved lower in Freddie Mac's weekly survey released on Thursday, while fixed-rate mortgages ticked up slightly or not at all.
Full Story
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| Reuters |
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| Sales of previously owned U.S. homes slipped 0.8 percent in December and took their biggest tumble in 17 years for all of 2006, leaving in doubt whether the worst of a housing slump has passed.
Full Story
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| Mortgage Originator |
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| RealtyTracTM released year-end data from its 2006 U.S. Foreclosure Market Report, which shows more than 1.2 million foreclosure filings were reported nationwide during the year, up 42 percent from 2005 and a foreclosure rate of one foreclosure filing for every 92 U.S. households.
Full Story
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| Your On-line Account |
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New functionality releases
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
- Enhanced Analytics - Track Transfers...by loan officer! -- Now for each Transfer you receive...you can track it back to the loan officer in your organization who handled the call.
- Online Ordering and Credit Card Processing
- Streamlined Credit Review -- Submit transfers for credit review and receive responses directly from the Billable Transfers Report page of our extranet.
- Real-time On-Hold Control -- Put your account on hold or make it active instantly whenever you like, just by clicking a link.
Coming Soon:
- Online Invoices and Receipts
- Real-time Transfer Emails -- Know what transfers your loan officers are receiving in real time with emails that include borrower information.
- Web-based Training and Support
- Additional Services for Loan Officers -- Pull credit or order an appraisal online directly from our extranet (small per-request fee applies).
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| Post your classified ad below, there's no charge! |
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Our newsletter reaches over 4,000 mortage companies and professionals each week. Would you like them all to see your classified message for free? Let us know!
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Post Your Classified Advertisement Here! >>
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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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