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Turn your contacts into transfers! Make sure you take advantage of 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!

 
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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

 
Just a quick reminder...

Through the end of February, new and existing DoublePositive clients can take advantage of two great promotions to get even more LIVE Hot Transfers for your money.

Bonus 10% Add-On for New Clients
With a minimum order of 50 transfers, we'll give you a 10% bonus add-on for your order.

February "DoubleDown" 20% Add-On for Existing Clients
For all existing or previous clients, we'll give you a 20% add-on when you double your previous order for Live Transfers. If your previous order was for 50 transfers, place a new order for 100 transfers, and then you'll get an additional 20 transfers for free.

Call today to place your order and take advantage of these great February deals.

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Alright, in the last year how many times have we seen this headline, "How Bad Will the Mortgage Crisis Get?" The speculation, the guessing, the analyzing never seems to end - and never seems to be right.

The current options on the table to help the recovery seem to be the stimulus package, a bail out of the big banks or a crash and burn recession! The extra check in the mail is nice, but will do little to stimulate the economy and obviously we need to avoid a recession at all costs. So that leaves us with the bailout.
While this leaves a hollow feeling in my gut, to bail out the greedy institutions that got us into this mess, it's a better option then a recession. Honestly though, with the cost of our current military action, and the debt we currently have as a nation, I'm not sure where the government will come up with the hundreds of billions of dollars needed to bail these banks out?

Have we notified the US mint workers they won't be going home any time soon?

Seriously though, we seem to be at a critical point. With the adjustable rates resetting, home prices falling, unemployment rising and interest rates creeping back up - it doesn't look good. The efforts thus far have only helped to stop the bleeding, they aren't going to solve the problem.

Collectively, we all need to start thinking about the big picture and how to get our industry - and our economy - back on track.






Time
How Bad Will the Mortgage Crisis Get?
A number of economists and banking industry experts believe the subprime crisis could metamorphose into the biggest debacle to hit the sector since the savings & loan catastrophe of the 1980s, which caused some $500 billion in losses to the banking industry. And that means the future of a couple of name brand financial institutions could be in jeopardy. Full Story


Reuters
US 30-year mortgage rates rise in latest week
Interest rates on U.S. 30-year mortgages rose in the latest week, according to a weekly survey released by Freddie Mac on Thursday Full Story


OregonLive
Subprime mortgage reform bill makes it through Oregon House
A bill to make modest reforms to the subprime mortgage lending industry squeaked through the Oregon House Thursday, a big win for House Speaker Jeff Merkley who has made it clear that he intends to highlight the issue in his campaign for the U.S. Senate. Full Story


Reuters
Now not time for mortgage bailout: Treasury
The U.S. government is right to protect and nurture the housing market during the current crisis, but now is not the time to create a federal backstop for falling property values, a senior Treasury official said on Thursday. Full Story


BusinessWeek
Ch 11 judge mulls mortgage lender fees
Amid mounting allegations of abuse by big lenders, a federal judge has indicated he is leaning toward to reining in mortgage companies that have been foreclosing on consumers who brought their home loan payments up to date while in bankruptcy. Full Story


FoxNews
91 Community Groups Ask BofA to Halt Foreclosures
Countrywide Financial's shoddy lending practices have left hundreds of thousands of mortgage borrowers at risk of losing the single most important asset in their lives -- their homes. If Bank of America acquires Countrywide, these mortgage borrowers could either benefit or suffer greatly from the merger. A letter signed by 91 California community groups was sent today to Bank of America's Chief Executive Officer Kenneth Lewis asking him to declare a foreclosure moratorium, and ensure the Bank will keep troubled borrowers in their homes. Full Story


Forbes
FBR Swings to Loss on Mortgage Losses
Investment bank Friedman, Billings, Ramsey Group Inc. said Thursday it swung to a fourth-quarter loss due to a write-down of goodwill and losses tied to subprime mortgages. Full Story






LocalNews
Crist appoints mortgage task force
Gov. Charlie Crist on Wednesday created a special task force of financial experts and consumer advocates for a quick study of Florida's mortgage market. Full Story




KansasCityStar


Former area mortgage broker sentenced for fraud
A one-time area mortgage broker was sentenced Wednesday to seven years in prison for a mortgage fraud scheme in Florida that netted him and his partners more than $4 million. Full Story








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