We all know the industry will rebound, the question seems to be when? Current sentiment in the news seems to trend toward farther down the road. The rising rates, combined with a slow down in home sales and refinancing, is casting a dark cloud on the recovery forecast. I for one think we can weather the storm, so hang in there and keep working hard!
And if you have the chance, make sure you check out the June issue of the Scotsman Guide. On page 160 there's a great article written by our VP of Sales. If you don't get the Scotsman Guide, you can view the article online - Pick the Right Lead for You. Have a great week!
P.S. I recently came across this video clip and wanted to pass it on (if I haven't already). It made me want to stress again that DoublePositive stands by it's guarantee that only genuinely interested consumers are delivered, without the wasted time and aggravation of having to cold-call lists of bad/dead leads.
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| Featured Articles from DoublePositive |
Chris Beauchamp |
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You've probably heard people say — sometimes brag — that they don't click paid search ads on search engines. They think that by not clicking on the "sponsored listings" in search results, they are somehow doing themselves some kind of favor by avoiding all paid search ads, while at the same time spiting the search engines and advertisers at the same time.
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| Tips of the Trade |
BillSparkmanTheCoach |
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| Understanding your prospects true concerns by listening carefully to their words is much more like deciphering a complex secret code. Emotionally charged words and subtle comments like "I'm just not sure about the floor plan" can be clues to a prospects reason for not buying. Pauses may also be indicators of your prospects feelings and emotional. The following thoughts may help you understand your prospects' "secret buying code".
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| Fraud Alert |
NPR |
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| Ameriquest was a high-flying sub-prime lender during the housing boom, and was accused of predatory lending by state prosecutors. The company now faces a class-action lawsuit from borrowers.
Full Story
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EdmontonSun |
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| An Edmonton lawyer who only went to law school to please his parents and whose heart was never truly in the legal profession is now behind bars. Robert Wilson Lee, 45, handed a 30-month prison sentence Wednesday after earlier pleading guilty to fraud for his role in a multimillion-dollar rural mortgage scam.
Full Story
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Stop wasting your time chasing shadowy leads and get to work with Transfers from DoublePositive! Our transfers are different from traditional leads because they pass through two layers of screening and verification. You set the parameters and we'll connect you live to only qualified, interested borrowers.
If you don't have live call transfers of double-verified and interested borrowers in your leads mix, you should. There's no better time to try LIVE Hot Transfer Leads! Sign-up is free, there's no minimum order or long-term contracts and you can name your own price. Visit the link below to find out more:
Learn more about LIVE Hot Transfers!
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| Industry News |
CNNMoney |
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| Continued rate increases may discourage home buyers, pushing back recovery forecasts.
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Reuters |
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| Mortgage brokers and lenders concerned about a regulatory backlash by state officials are warning that weightier rules may force them to turn their backs on many consumers. But their threats may be empty.
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Multi-HousingNews |
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| The mortgage industry and HUD cooperate to improve the Federal Housing Administration program's efficiency
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Reuters |
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| Wachovia Corp. on Tuesday said Jim Judd, who has run its mortgage business since the No. 4 U.S. bank bought his former employer Golden West Financial Corp. last October, plans to retire at the end of the year.
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BerkshireEagle |
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| As a former mortgage broker, Adryenn Ashley thought she knew what to expect when she refinanced her house in March. Yet Ashley was unprepared for one twist she encountered: A barrage of phone calls and e-mails from rival lenders vying to sell her a better mortgage.
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| Industry Numbers |
HoustonChronicle |
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| Applications for home loans decreased last week amid a slumping housing market and more stringent lending standards, an industry organization reported Wednesday.
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BestSyndication |
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| An annual survey of mortgage closing costs in the fifty states brings up some substantial differences in its 2006 edition.
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RISMedia |
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| Rates increased for the fifth consecutive week, with the average 30-year fixed mortgage rate rising to the highest point since August. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage rate is now 6.47% and has an average of 0.26 discount and origination points.
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| On Capitol Hill |
HoustonChronicle |
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| The Commercial Mortgage Securities Association will lobby the federal government on terrorism insurance and mortgage-related legislation, according to a federal disclosure form.
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BostonHerald |
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| Attorney General Martha Coakley yesterday took the first step toward bringing sweeping changes to the state's mortage industry - beginning with a crackdown on "foreclosure rescue" schemers preying on homeowners struggling to keep up with payments.
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FirstNews-KOAA |
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| Colorado Governor Bill Ritter signed a package of five bills into law Friday aimed at reversing the growing number of foreclosures and mortgage fraud cases here in our state. Among the significant changes are requirements that lenders be licensed and that they act in the best interest of the borrower.
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