Welcome back, I hope you had an enjoyable and relaxing holiday weekend.
It's the end of the month, always a busy time, but if you have a second make sure you check out what Angelo Mozilo - chairman of Countrywide - had to say this week (article). Whether you agree with him or not, you have to admire the passion he has for this business. Have a great week.
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| Do Not Call Regulatory Updates |
DNC Solution |
| On April 5, 2007, Kentucky Governor Ernie Fletcher signed into law HB 430 which effectively eliminates the Kentucky Do Not Call List. Kentucky had already been integrating its DNC list into the National Registry. This legislation means you no longer need to separately purchase Kentucky’s state Do Not Call list, although registration with the state is still required. This change becomes effective on July 3, 2007 which is 90 days from the date of Governor Approval. Provided by
DNC Solution
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CT |
| Attorney General Richard Blumenthal today announced lawsuits against three Connecticut companies alleging they violated state law by repeatedly and knowingly making telemarketing calls to consumers on the Do Not Call list.
Full Story
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DNC Solution |
| The Oregon Senate passed legislation that is aimed at closing the gap between state and federal Do Not Call laws that have resulted in little or no enforcement in Oregon at the state level. More than 1.68 million Oregon phone numbers are on the federal Do Not Call Registry. In 2006 there were 15,000 Do Not Call complaints from Oregon residents, up from 5,500 similar complaints in 2004. Oregon Senate Bill 117 seeks to restore enforcement authority. The bills goes to the Oregon House for consideration. Provided by
DNC Solution
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DNC Solution |
| The Wisconsin state legislature is considering expanding its state Do Not Call list to include cell phone numbers and phone numbers from small businesses. The proposed bill would also tighten enforcement of fax solicitations and increase the fine for Do Not Call violations from $100 to up to $10,000. If the Wisconsin bill passes, it would join Colorado and Pennsylvania as the only three states that allow cell phone numbers to be placed on their state Do Not Call lists. Provided by
DNC Solution
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| Tips of the Trade |
EzineArticles |
| Tips to help you avoid common mistakes made by the majority of loan officers.
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BillSparkmanTheCoach |
| How to manage your pipeline and still have a life
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| Fraud Alert |
SignOnSanDiego |
| A dozen people have been indicted in a mortgage-loan scam stretching from Arizona to California that defrauded lenders out of $8 million, authorities said.
Full Story
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CoStar Group |
| Mortgage fraud is a burgeoning crime that is affecting more and more companies and communities, according to a new report from the Mortgage Bankers Association (MBA).
Full Story
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AL |
| Darlene Hill was making a living in Mobile as a real estate investor when she devised a sophisticated con job against lenders that would net her far more money than just robbing a teller with a gun.
Full Story
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| Industry News |
Reuters |
| Angelo Mozilo, the butcher's son who built Countrywide Financial Corp. into the largest mortgage lender in the United States, was in no mood for soul-searching over the subprime home crisis.
Full Story
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Reuters |
| Newfound stability in the $600 billion market for subprime mortgage-backed securities doesn't have anyone jumping for joy.
Full Story
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GJSentinel |
| Mortgage rates jumped this week on the back of heightened consumer confidence and renewed worries about inflation, an industry survey found Thursday.
Full Story
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CNBC |
| U.S. mortgage applications rose in the most recent despite a big jump in borrowing costs, according to industry group.
Full Story
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Orlando Sentinel |
| Could the nation's largest retail bank really offer people a home loan with no closing costs? That seemed to be what it was saying.
Full Story
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MLive |
| A real estate developer is hoping to lure potential homebuyers with either a two-year lease on a 2007 Range Rover or one-year's worth of house payments.
Full Story
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Boston |
| Borrowers have used the Internet for years to shop for mortgages. Now a growing number are actually closing their loans online, too.
Full Story
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WorchesterBusinessJournal |
| The same insurance policy that used to scare customers away from Savers Cooperative Bank in Southbridge is now helping to reel them back in.
Full Story
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NCTimes |
| According to the U.S. Department of Treasury's Financial Crimes Enforcement Network, in 2006, California had more than one-third of the nation's suspicious loan activity at federally insured lenders. And the state's share of the suspected fraudulent activity is growing, according to the agency.
Full Story
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Newsday |
| In what an American Express release called "a significant first for the credit card industry," American Express card holders will be able to pay loans originated at American Home through American Express' new Express Rewards Mortgage program.
Full Story
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| On Capitol Hill |
NavyTimes |
| After listening to concerns of Fort Drum soldiers and families last week, Gov. Eliot Spitzer has announced a series of measures designed to address some of their problems, including a $10 million program to provide eligible New York veterans with low-interest mortgages.
Full Story
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OrlandoSentinel |
| With rising numbers of credit-stressed mortgage borrowers falling behind on their payments, will Congress step in and throw them a lifeline?
Full Story
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RISMedia |
| Banks need to know a potential borrower's real-not stated- income when a subprime loan is applied for, a top U.S. banking regulator said Wednesday, as problems in the subprime mortgage market persist.
Full Story
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Charlotte |
| Four bills aiming to curb foreclosures in North Carolina have cleared the N.C. House, and now await action by the state Senate.
Full Story
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