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| Referral Program |
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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As I sit here this moment and watch the DOW down a record 770 points because the House rejected the Bailout Bill my stomach is turning just wondering when is this going to stop? It's been a rough month folks not only in the credit markets; our friends in the South have had to deal with two big storms that still have some without power.
Watching the debate on Friday Night was not to appealing either. Neither candidate stepped up in my opinion and dodged the bailout questions as best as they could. Clearly, this is a time where there is so much uncertainty and we don't know what tomorrow will bring as far as more bad news.
So I spent some time thinking what would the bailout do to the mortgage space and mortgage lead space. Whether you are blue or red; I think we can agree that the bulk of the money will be spent on the mortgage backed securities which will allow the banks to lend more money again and get rid of this credit freeze.
We need this! We all need this bad!
You folks want to originate and we want to sell more transfers. There are good odds that if you are still reading this newsletter you have weathered the storm this long and have to continue to fight. We both know you will be rewarded in the long run because there are definitely going to be barriers of entry to get back into this space.
When the next boom hits (we all know it will be different) and your buddy wants to jump back to the space the state might not let him. We witnessed many folks jumping on the band wagon in 2003 and 2004 just hop right in and there is no way that will happen again. My entire point here is that no matter how bad it is, we are in this together.
I know everyone has an opinion on this so please let us know your comments; http://blogs.doublepositive.com/2008/09/29/when-will-it-end/
This week:
One of our trusted partners, Adchemy, will be featured on the MSN homepage this Thursday, and we expect a high volume of live transfers available. If you extend your call times and leave your account on for most of the day, you should see a huge boost in volume.
Adchemy takes a scientific approach to lead generation by optimizing their marketing campaigns for different demographics throughout the country and analyzing where and how customers search for mortgage rates. Within the next few weeks, we'll be offering you a way to deal with Adchemy and some of our other featured partners to get more high-quality volume. More to come on that!
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UPDATE 1-Mortgage markets hit; US bailout plan voted down |
| Forbes, NY |
| US mortgage-related markets fell or lagged rallies in Treasury debt on Monday as turmoil spread through the banking system and ...
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Two Largest Mortgage Lenders Admit Being Under SEC, DOJ Probe |
| AHN |
| The two largest mortgage lenders seized by the United States federal government are now admitting they are under investigation by the ...
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Mortgage Insurance Applications Down In August |
| CNNMoney |
| New applications for mortgage insurance dropped to the lowest level in over a year, while new mortgage defaults and cures of existing ...
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Wachovia's Steel Ran Out of Time Amid Mortgage Losses (Update2) |
| Bloomberg |
| Forced sale of Washington Mutual Inc., the biggest savings and loan, to JPMorgan Chase & Co. amid losses tied to option adjustable-rate mortgages. ...
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