6 results for tag: business

Networking Do’s and Don’ts for the New Year

As 2014 comes to a close, I wanted to provide some networking tips that will hopefully help make 2015 a more profitable year. Note that this list is not designed to be exhaustive or objective (i.e. these are my own tips) so feel free to disagree. I originally intended to write 4 do’s and 4 don’ts for the 8 days of Hanukkah. But, because I had more to say, I am now going to write 6 do’s and 6 don’t for the 12 days of Christmas.  But, whichever you celebrate (or if you celebrate both, neither or something else), these tips are designed for you! The 6 Don’t (i.e. “Don’t be naughty”) 1. At a networking event, don’t hand out ...

Have Loans, But, Won’t Travel!

The good news for the mortgage industry is that rates continue to be ridiculously low.  This has translated into a refinance boomlet (which is significantly less than a boom) for mortgage originators.   Loan pipelines that were drier than the lawns of the unsold houses in America this summer, suddenly have swelled up with new deals. Unfortunately, like a snake that eats an elephant, these loans are stuck in the middle of the vast underwriting bureaucracy of our great lending institutions.   So, until they eeck their way out the other end to the closing departments, the cash-flow positions of many of the origination shops is still tenuous. ...

We’ve Broken 4% (on certain products). Who would have thought?

Biscuit icing sweet chocolate cake carrot cake gummi bears I love I love. Wafer cotton candy I love lollipop oat cake gummies candy canes brownie. Sweet pie chocolate jujubes. Candy canes I love carrot cake. Lollipop I love chocolate cake bonbon I love pudding.

Continued Low Rates and Extension of Homebuyer Credit Do Not Help Housing Market

We are seeing historically low interest rates.  But, these are neither (i) causing a new refinance boom or (ii) spurring on the housing market.  The lack of substantial refinancings are not for lack of interest by borrowers.  Rather, many people would refinance but are unable to due to tighter lending guidelines.  While traditionally, the fall-out rate (i.e. loans applied for but not closed) was in the 10-20% range, it is not somewhere between 30-50%.  This is the result, mostly, of decreasing home values which cause the appraisals to be too low to refinance.  In addition, the combination of decreased employment and income (i.e. salaries) with ...

The Rate Increases They Are a Coming!

I'm selfish, impatient and a little insecure. I make mistakes, I am out of control and at times hard to handle. But if you can't handle me at my worst, then you sure as hell don't deserve me at my best.

Rates Holding For Now

30 year fixed-4.875% (up to $417,000)/5.25% (from $417,000-$729,000) 15 year fixed-4.375% (up to $417,000)/4.625% (from $417,000-$1,000,000) 5/1 ARM-3.875% (up to $500,000)/4.0%(from $500,000-$850,000)/4.125%(from $850,000-$1,500,000) 7/1 ARM-4.375% (up to $500,000)/4.625% (from $500,000-$1,500,000) 10/1 ARM-5.0% (up to $1,500,000)