Call me at 6469573346
Sent from my Verizon Wireless BlackBerry

-----Original Message-----
From: "Steib 500" <steib500@...>

Date: Fri, 05 Jun 2009 22:10:54
To: <mortgagebrokers@yahoogroups.com>
Subject: [Mortgage Brokers] Re: Former broker looking for help as a buyer


This could be possible. Take a look here www.DFCorp.com/Choices and complete a
short app so we can discuss further. We are also a Mass Housing Lender, which
opens up additional first time home buyer options. Thanks.


--- In mortgagebrokers@yahoogroups.com, "tomevaladao" <tomevaladao@...> wrote:
>
> I am currently looking to try and obtain financing for a first time home
purchase in Massachusetts.  I have subpar credit and my girlfriend has a good
credit situation.  We are looking to purchase a late family members home from
her parents.  The home is valued at $320K and we can purchase it for just about
$250K.  Does anyone have any ideas of what options we could look into or have
some options for us?  I use to be in the field but have been out for a while now
and have no real contacts left.  If someone could contact me with some help or
think they may be able to do something for us I would appreciate it.
>





[Non-text portions of this message have been removed]

Call me at 6469573346
Sent from my Verizon Wireless BlackBerry

-----Original Message-----
From: "Jeffrey Allen" <investorrelations@...>

Date: Thu, 4 Jun 2009 16:14:29
To: <mortgagebrokers@yahoogroups.com>; <wendybarbosa@...>
Subject: [Mortgage Brokers] US citizens shouldn't need circumventive ITIN loans
reserved for
  illegal aliens


   ----- Original Message -----
   From: wendybarbosa@...
   To: MortgagePress_LoanProgramFinder@yahoogroups.com,
   Mortgage_Wholesale@yahoogroups.com, mortgagebrokers@yahoogroups.com
   Subject: [Mortgage Brokers] Need help w/ Loan Scenario
   Date: Thu, 04 Jun 2009 14:21:05 -0400



   Anybody accepting TIN# w/ alternative credit for co-borrower?

   SCENARIO:
   H&W want to purchase a small $100K home.

   ?1.)? She has been a hair stylist for 8yrs.? She owned her own biz.
   In Chicago, moved here 2 yrs ago was working for a local Salon and
   just recently started up her business again.? But she's always filed
   taxes as self employed. In 2008 made $26K after losses, but in 2007
   made only $8K. Her credit is 657, 659 & 662 & she is a US citizen.

   ?

   2.) Hubby makes 36K- wages & has been at the same job for 4 yrs, BUT
   files taxes w/ TIN #.? Doesn't have SS#.? Has no credit only uses
   TIN# for work & taxes.? Has a work permit.

   Thanks in advance!

   Wendy

   [Non-text portions of this message have been removed]





investorrelations@...
www.GlobalCrossroadsCapital.com
IR Media Services & Finance Portal
Las Vegas


--
Be Yourself @ mail.com!
Choose From 200+ Email Addresses
Get a Free Account at www.mail.com



[Non-text portions of this message have been removed]




[Non-text portions of this message have been removed]

Call me at 6469573346
Sent from my Verizon Wireless BlackBerry

-----Original Message-----
From: "Jeffrey Allen" <investorrelations@...>

Date: Thu, 4 Jun 2009 16:18:05
To: <mortgagebrokers@yahoogroups.com>; <mhende21@...>
Subject: [Mortgage Brokers] may be eligible for an ITIN loan


   ----- Original Message -----
   From: "Traci Standifer-Henderson"
   To: mortgagebrokers@yahoogroups.com,
   Mortgage_Wholesale@yahoogroups.com,
   MortgagePress_LoanProgramFinder@yahoogroups.com,
   newrt@yahoogroups.com
   Subject: [Mortgage Brokers] Any doing no scores for FHA
   Date: Thu, 7 May 2009 13:23:05 -0500



   I have a client that is a co borrower on the loan but he has no
   scores and
   really no credit. All he has is three small delinquent trades. He's
   Hispanic and he doesn't have any alt. trade lines? The borrower is
   good to
   go she can't qualify by herself due to income. Any suggestions????

   97.75%

   Texas

   Full Doc

   DO Findings Approve/Eligible

   Rate and Term refi FHA

   151,098 loan amount

   Traci Standifer-Henderson

   Mortgage Planner

   214-455-9503 office

   888-711-4563 fax

   [Non-text portions of this message have been removed]





investorrelations@...
www.GlobalCrossroadsCapital.com
IR Media Services & Finance Portal
Las Vegas


--
Be Yourself @ mail.com!
Choose From 200+ Email Addresses
Get a Free Account at www.mail.com



[Non-text portions of this message have been removed]




[Non-text portions of this message have been removed]

if you want to have the security of cash, I would advise the following.

Take out a $150,000
Get a 5/1 fixed arm. payments are 673.57
invest like you were making 15 year fixed rate payments at 5%
1186.19
5 years = 60 months
difference in payment are $513.
60 months times 513= 30,780 (FYI avg refi cost is 3400.)

with the 50,000 invest at a rate of return of 5%
  @ end of five years you should have extra cash of $30780 PLUS compounded
interest of investment.

Add the 50,000 and if you want pay down the loan you'll only owe

77,000 at the end of five years.

OR
owe 146000 and have 80,000 extra in the bank.

I can justify this because even if you get a 1% rate of return, when you pay the
bank extra principle payments, they dont send you back any refunds or return on
investments.  Paying down debt is different from accumulating assets.

Of course this is counterintuitive.  I would agree to disagree with other
opinions.


--- In mortgagebrokers@yahoogroups.com, loanassist <no_reply@...> wrote:
>
> " I have a townhouse with a market value of approximately $200,000.  My 1ST is
a 15 year with gmac with a current balance of approximately $104,000.
>  I also have a home equity loan with PSCU of approximately $15,000.
>  My current position with H M Brown is just in the building stage so my
monthly income is currently falling short of my monthly bills.
>  To date everything is paid on a current basis with no lates.
>  I am a veteran and have used my VA loan benefits several times when buying a
home.  Those loans are paid off.
>  I am 63 and my wife is 59.
>  What are my options with regard to refinancing?
>  Can I use VA again?
>  At our age can we do a 30 year fixed (I should live so long).
>  Our intention (when my income increases) is to make extra principle payment
to pay it off in seven years.
>  Do you have any ideas?
>  What would be qualification requirements? "
>
> Thanks for the help.
>

Yes you can use VA again.
rtinyb@...

--- On Thu, 9/3/09, loanassist <no_reply@yahoogroups.com> wrote:


From: loanassist <no_reply@yahoogroups.com>
Subject: [Mortgage Brokers] Looking for help with this scenerio.
To: mortgagebrokers@yahoogroups.com
Date: Thursday, September 3, 2009, 11:03 AM


" I have a townhouse with a market value of approximately $200,000.  My 1ST is a
15 year with gmac with a current balance of approximately $104,000.
I also have a home equity loan with PSCU of approximately $15,000.
My current position with H M Brown is just in the building stage so my monthly
income is currently falling short of my monthly bills.
To date everything is paid on a current basis with no lates.
I am a veteran and have used my VA loan benefits several times when buying a
home.  Those loans are paid off.
I am 63 and my wife is 59.
What are my options with regard to refinancing?
Can I use VA again?
At our age can we do a 30 year fixed (I should live so long).
Our intention (when my income increases) is to make extra principle payment to
pay it off in seven years.
Do you have any ideas?
What would be qualification requirements? "

Thanks for the help.



------------------------------------

Yahoo! Groups Links





[Non-text portions of this message have been removed]

--- In mortgagebrokers@yahoogroups.com, "tomevaladao" <tomevaladao@...> wrote:
>
> I am currently looking to try and obtain financing for a first time home
purchase in Massachusetts.  I have subpar credit and my girlfriend has a good
credit situation.  We are looking to purchase a late family members home from
her parents.  The home is valued at $320K and we can purchase it for just about
$250K.  Does anyone have any ideas of what options we could look into or have
some options for us?  I use to be in the field but have been out for a while now
and have no real contacts left.  If someone could contact me with some help or
think they may be able to do something for us I would appreciate it.
>
give me a call at 6469573346 or email me at nkouimanis@...

Anyone know of a lender whom allows 10% down on an Investment properties?


Thanks


Wendy


[Non-text portions of this message have been removed]

" I have a townhouse with a market value of approximately $200,000.  My 1ST is a
15 year with gmac with a current balance of approximately $104,000.
  I also have a home equity loan with PSCU of approximately $15,000.
  My current position with H M Brown is just in the building stage so my monthly
income is currently falling short of my monthly bills.
  To date everything is paid on a current basis with no lates.
  I am a veteran and have used my VA loan benefits several times when buying a
home.  Those loans are paid off.
  I am 63 and my wife is 59.
  What are my options with regard to refinancing?
  Can I use VA again?
  At our age can we do a 30 year fixed (I should live so long).
  Our intention (when my income increases) is to make extra principle payment to
pay it off in seven years.
  Do you have any ideas?
  What would be qualification requirements? "

Thanks for the help.

This could be possible. Take a look here www.DFCorp.com/Choices and complete a
short app so we can discuss further. We are also a Mass Housing Lender, which
opens up additional first time home buyer options. Thanks.


--- In mortgagebrokers@yahoogroups.com, "tomevaladao" <tomevaladao@...> wrote:
>
> I am currently looking to try and obtain financing for a first time home
purchase in Massachusetts.  I have subpar credit and my girlfriend has a good
credit situation.  We are looking to purchase a late family members home from
her parents.  The home is valued at $320K and we can purchase it for just about
$250K.  Does anyone have any ideas of what options we could look into or have
some options for us?  I use to be in the field but have been out for a while now
and have no real contacts left.  If someone could contact me with some help or
think they may be able to do something for us I would appreciate it.
>

----- Original Message -----
   From: wendybarbosa@...
   To: MortgagePress_LoanProgramFinder@yahoogroups.com,
   Mortgage_Wholesale@yahoogroups.com, mortgagebrokers@yahoogroups.com
   Subject: [Mortgage Brokers] Need help w/ Loan Scenario
   Date: Thu, 04 Jun 2009 14:21:05 -0400



   Anybody accepting TIN# w/ alternative credit for co-borrower?

   SCENARIO:
   H&W want to purchase a small $100K home.

   ?1.)? She has been a hair stylist for 8yrs.? She owned her own biz.
   In Chicago, moved here 2 yrs ago was working for a local Salon and
   just recently started up her business again.? But she's always filed
   taxes as self employed. In 2008 made $26K after losses, but in 2007
   made only $8K. Her credit is 657, 659 & 662 & she is a US citizen.

   ?

   2.) Hubby makes 36K- wages & has been at the same job for 4 yrs, BUT
   files taxes w/ TIN #.? Doesn't have SS#.? Has no credit only uses
   TIN# for work & taxes.? Has a work permit.

   Thanks in advance!

   Wendy

   [Non-text portions of this message have been removed]





investorrelations@...
www.GlobalCrossroadsCapital.com
IR Media Services & Finance Portal
Las Vegas


--
Be Yourself @ mail.com!
Choose From 200+ Email Addresses
Get a Free Account at www.mail.com



[Non-text portions of this message have been removed]

----- Original Message -----
   From: "Traci Standifer-Henderson"
   To: mortgagebrokers@yahoogroups.com,
   Mortgage_Wholesale@yahoogroups.com,
   MortgagePress_LoanProgramFinder@yahoogroups.com,
   newrt@yahoogroups.com
   Subject: [Mortgage Brokers] Any doing no scores for FHA
   Date: Thu, 7 May 2009 13:23:05 -0500



   I have a client that is a co borrower on the loan but he has no
   scores and
   really no credit. All he has is three small delinquent trades. He's
   Hispanic and he doesn't have any alt. trade lines? The borrower is
   good to
   go she can't qualify by herself due to income. Any suggestions????

   97.75%

   Texas

   Full Doc

   DO Findings Approve/Eligible

   Rate and Term refi FHA

   151,098 loan amount

   Traci Standifer-Henderson

   Mortgage Planner

   214-455-9503 office

   888-711-4563 fax

   [Non-text portions of this message have been removed]





investorrelations@...
www.GlobalCrossroadsCapital.com
IR Media Services & Finance Portal
Las Vegas


--
Be Yourself @ mail.com!
Choose From 200+ Email Addresses
Get a Free Account at www.mail.com



[Non-text portions of this message have been removed]

call me or email me my phone is 6469573346
email is trumpfinancial@...


-- In mortgagebrokers@yahoogroups.com, "tomevaladao" <tomevaladao@...> wrote:
>
> I am currently looking to try and obtain financing for a first time home
purchase in Massachusetts.  I have subpar credit and my girlfriend has a good
credit situation.  We are looking to purchase a late family members home from
her parents.  The home is valued at $320K and we can purchase it for just about
$250K.  Does anyone have any ideas of what options we could look into or have
some options for us?  I use to be in the field but have been out for a while now
and have no real contacts left.  If someone could contact me with some help or
think they may be able to do something for us I would appreciate it.
>
email me or give me a call

I am currently looking to try and obtain financing for a first time home
purchase in Massachusetts.  I have subpar credit and my girlfriend has a good
credit situation.  We are looking to purchase a late family members home from
her parents.  The home is valued at $320K and we can purchase it for just about
$250K.  Does anyone have any ideas of what options we could look into or have
some options for us?  I use to be in the field but have been out for a while now
and have no real contacts left.  If someone could contact me with some help or
think they may be able to do something for us I would appreciate it.

I have a client that is a co borrower on the loan but he has no scores and
really no credit.  All he has is three small delinquent trades.  He's
Hispanic and he doesn't have any alt. trade lines?  The borrower is good to
go she can't qualify by herself due to income.  Any suggestions????



97.75%

Texas

Full Doc

DO Findings Approve/Eligible

Rate and Term refi FHA

151,098 loan amount





Traci Standifer-Henderson

Mortgage Planner

214-455-9503 office

888-711-4563 fax





[Non-text portions of this message have been removed]

Anybody accepting TIN# w/ alternative credit for co-borrower?


SCENARIO:
H&W want to purchase a small $100K home.

?1.)? She has been a hair stylist for 8yrs.? She owned her own biz. In Chicago,
moved here 2 yrs ago was working for a local Salon and just recently started up
her business again.? But she's always filed taxes as self employed. In 2008 made
$26K after losses, but in 2007 made only $8K. Her credit is 657, 659 & 662 & she
is a US citizen.

?

2.) Hubby makes 36K- wages & has been at the same job for 4 yrs, BUT files taxes
w/ TIN #.? Doesn't have SS#.? Has no credit only uses TIN# for work & taxes.?
Has a work permit.


Thanks in advance!

Wendy


[Non-text portions of this message have been removed]

If the original loan amount on the hud1 settlement statement is 450,000 that
will be the base max. amount FHA will allow on the new loan plus the FHA
mortgage insurance that will be dumped on top.  So if the mip is 4500.00 the
base loan amount with the mip will be 454,400.  They will be charged the mip
in the closing cost but they will get a credit for the 4500 on the front of
the hud so they don't have to bring the money to closing.  If you have any
questions call..



Traci Standifer-Henderson

Mortgage Planner

214-455-9503 office

888-711-4563 fax



From: mortgagebrokers@yahoogroups.com
[mailto:mortgagebrokers@yahoogroups.com] On Behalf Of VC OB 1 (One)
Sent: Monday, April 27, 2009 4:42 PM
To: Mortage Group Yahoo
Subject: [Mortgage Brokers] (unknown)









When doing the streamline & with the new loan amount being what
the original loan amount was & that loan amount won't cover the fha ins.
premium in the closing costs rolled in, is it possible to have the fha ins.
premium rolled on top of the original loan amount ?

I did some reading over the weekend and thought I saw an article that states
the fha ins. premium can be added on top of the loan amount.

I have this scenario right now & I'd like to know what can be done before I
comment one way or another to the family. Their fha ins. premium is
approximately $6,000 on a $430,000 original loan amount. They don't want to
come into closing with the $6,000 as that is their #1 concern w/ doing a
streamline.





[Non-text portions of this message have been removed]

--- In mortgagebrokers@yahoogroups.com, "VC OB 1 \(One\)" <vcob1@...> wrote:
>
>
> When doing the streamline & with the new loan amount being what
> the original loan amount was & that loan amount won't cover the fha ins.
premium in the closing costs rolled in, is it possible to have the fha ins.
premium rolled on top of the original loan amount ?
>
>
> I did some reading over the weekend and thought I saw an article that states
the fha ins. premium can be added on top of the loan amount.
>
> I have this scenario right now & I'd like to know what can be done before I
comment one way or another to the family.  Their fha ins. premium is
approximately $6,000 on a $430,000 original loan amount.  They don't want to
come into closing with the $6,000 as that is their #1 concern w/ doing a
streamline.
>

--- In mortgagebrokers@yahoogroups.com, loanassist <no_reply@...> wrote:
>
> i have a very large client and i am a bit rusty on some of the va info.
anybody able to provide some help answering questions?
>
> thanks
>
Probably the best way is to contact an AE from one your lenders list that does
VA loans and get their guideline specific.  Create a relationship with the AE so
he/she can help you along the way.  Another site that can be utilized as well is
Brokeruniverse.com and post your scenario as AE's read these posts.  Hope this
helps!

i have a very large client and i am a bit rusty on some of the va info. anybody
able to provide some help answering questions?

thanks

When doing the streamline & with the new loan amount being what
the original loan amount was & that loan amount won't cover the fha ins. premium
in the closing costs rolled in, is it possible to have the fha ins. premium
rolled on top of the original loan amount ?


I did some reading over the weekend and thought I saw an article that states the
fha ins. premium can be added on top of the loan amount.

I have this scenario right now & I'd like to know what can be done before I
comment one way or another to the family.  Their fha ins. premium is
approximately $6,000 on a $430,000 original loan amount.  They don't want to
come into closing with the $6,000 as that is their #1 concern w/ doing a
streamline.

I have been told that the Obama 105% refi is available April 4. However, I have
not been able to find any official program guidelines for it. Does anyone know
what lenders are actually set up to receive applications for this? If so, please
let me know so that I can in touch with them to get the official program
guidelines....Thanks to all of you in advance!
 
Please Reply Here
http://mortgagenet.ning.com/forum/topics/obama-home-affordable-refi
 
I have a client that wants to purchase a home at 85% ltv $518K loan amount with
a 681 fico; I have not been able to find a PMI company that will approve
this....fha appraisers being too conservative on the value; any ideas?
 
Please Reply Here
http://mortgagenet.ning.com/profiles/blogs/private-mortage-insurance-with
 
Thanks Jack
http://www.LenderLister.com
 
 
 
 

[Non-text portions of this message have been removed]

Anyone know of a Lender who currently has the FHA "No score / Alternative or
Non-Traditional?Credit" program??

Thanks

Wendy


[Non-text portions of this message have been removed]

Dick:

Do you have anyone that will do non-conforming (over the FNMA max.),
investor-owned, fully-occupied duplexes.


Bill

Bill Jackson
Commercial Mortgage Connection
6512-D Hickock Dr.
Fort Worth, TX  76116
wmtjackson@...<mailto:wmtjackson@...>
817/737-7632 (office)
817/887-5293 (fax)
817/269-2702 (cell)


   ----- Original Message -----
   From: Richard Tannenbaum<mailto:Richard@...>
   To: mortgagebrokers@yahoogroups.com<mailto:mortgagebrokers@yahoogroups.com>
   Sent: Sunday, March 22, 2009 8:48 PM
   Subject: [Mortgage Brokers] New appraisal requirements






[Non-text portions of this message have been removed]

There's one on the back too

--- On Mon, 3/23/09, Traci Standifer-Henderson <mhende21@...> wrote:


From: Traci Standifer-Henderson <mhende21@...>
Subject: RE: [Mortgage Brokers] Re:New appraisal requirements
To: mortgagebrokers@yahoogroups.com
Date: Monday, March 23, 2009, 8:18 AM


Are you saying your only making one pt. on FHA loans?



Traci Standifer-Henderson

Mortgage Planner

214-455-9503 office

888-711-4563 fax



From: mortgagebrokers@yahoogroups.com
[mailto:mortgagebrokers@yahoogroups.com] On Behalf Of Richard Tannenbaum
Sent: Sunday, March 22, 2009 8:48 PM
To: mortgagebrokers@yahoogroups.com
Subject: [Mortgage Brokers] Re:New appraisal requirements



Some of us originated loans before computerized information gave us the
ability to get estimated values before the apprasier visited the property
and we made a good living in spite of being limited to a gross commission of
1%; with only FHA, VA and Conv loans and no back-end fees. We were even
using mortgages to help our clients build wealth before it was "in vogue" to
do so. We've survived 17.5+% interest rates and most of us will survive--no
prosper in spite of--these changes.

It's a great life!

And, by the way, I'm never too busy for your referrals.

Richard "Dick" Tannenbaum, CCIM, CMPS: "The Loan Arranger"
Mortgage West Financial (BK0906939)

[Non-text portions of this message have been removed]





[Non-text portions of this message have been removed]



------------------------------------

Yahoo! Groups Links





[Non-text portions of this message have been removed]

Traci, I think he meant back in the day..read the entire email..and call
me!!!!!!

On Mon, Mar 23, 2009 at 10:18 AM, Traci Standifer-Henderson <
mhende21@...> wrote:

>   Are you saying your only making one pt. on FHA loans?
>
> Traci Standifer-Henderson
>
> Mortgage Planner
>
> 214-455-9503 office
>
> 888-711-4563 fax
>
> From: mortgagebrokers@yahoogroups.com <mortgagebrokers%40yahoogroups.com>
> [mailto:mortgagebrokers@yahoogroups.com<mortgagebrokers%40yahoogroups.com>]
> On Behalf Of Richard Tannenbaum
> Sent: Sunday, March 22, 2009 8:48 PM
> To: mortgagebrokers@yahoogroups.com <mortgagebrokers%40yahoogroups.com>
> Subject: [Mortgage Brokers] Re:New appraisal requirements
>
> Some of us originated loans before computerized information gave us the
> ability to get estimated values before the apprasier visited the property
> and we made a good living in spite of being limited to a gross commission
> of
> 1%; with only FHA, VA and Conv loans and no back-end fees. We were even
> using mortgages to help our clients build wealth before it was "in vogue"
> to
> do so. We've survived 17.5+% interest rates and most of us will survive--no
> prosper in spite of--these changes.
>
> It's a great life!
>
> And, by the way, I'm never too busy for your referrals.
>
> Richard "Dick" Tannenbaum, CCIM, CMPS: "The Loan Arranger"
> Mortgage West Financial (BK0906939)
>
> [Non-text portions of this message have been removed]
>
> [Non-text portions of this message have been removed]
>
>
>


[Non-text portions of this message have been removed]

Are you saying your only making one pt. on FHA loans?



Traci Standifer-Henderson

Mortgage Planner

214-455-9503 office

888-711-4563 fax



From: mortgagebrokers@yahoogroups.com
[mailto:mortgagebrokers@yahoogroups.com] On Behalf Of Richard Tannenbaum
Sent: Sunday, March 22, 2009 8:48 PM
To: mortgagebrokers@yahoogroups.com
Subject: [Mortgage Brokers] Re:New appraisal requirements



Some of us originated loans before computerized information gave us the
ability to get estimated values before the apprasier visited the property
and we made a good living in spite of being limited to a gross commission of
1%; with only FHA, VA and Conv loans and no back-end fees. We were even
using mortgages to help our clients build wealth before it was "in vogue" to
do so. We've survived 17.5+% interest rates and most of us will survive--no
prosper in spite of--these changes.

It's a great life!

And, by the way, I'm never too busy for your referrals.

Richard "Dick" Tannenbaum, CCIM, CMPS: "The Loan Arranger"
Mortgage West Financial (BK0906939)

[Non-text portions of this message have been removed]





[Non-text portions of this message have been removed]

Some of us originated loans before computerized information gave us the
ability to get estimated values before the apprasier visited the property
and we made a good living in spite of being limited to a gross commission of
1%; with only FHA, VA and Conv loans and no back-end fees.  We were even
using mortgages to help our clients build wealth before it was "in vogue" to
do so.  We've survived 17.5+% interest rates and most of us will survive--no
prosper in spite of--these changes.

It's a great life!

And, by the way, I'm never too busy for your referrals.

Richard "Dick" Tannenbaum, CCIM, CMPS:  "The Loan Arranger"
Mortgage West Financial (BK0906939)






[Non-text portions of this message have been removed]

This is absolutely ridiculous!   What have the appraisers done to fight this
revision to save their jobs?  What has namb done on our behalf???  Look at
number 5 and 6.  I can't do a loan with the thoughts and hope that the value
will land on black.  I might as well take up gambling.  I also call my
appraiser and ask for a comp so I don't waste my time or my clients time.
Not everyone is a CROOK!  Not to mention these national companies are just
going to hire our local appraisers to do the appraisals.  I understand why
they don't want a lo to call and say I need $125,000 for the value, but if
the value isn't there it just isn't there regardless of what you need.
Thank goodness I can sign up with my local MLS and look up values myself.
It is just disheartening to get a file prepped for submission, have a client
sign disclosures  and wait for an appraisal to kill a deal.  That is just
ass backwards if you ask me..who wants to work for FREE???  I know this only
applies to Fannie/Freddie and not FHA, but with the recent report of FHA
first payment default that came out today I expect some changes with FHA
coming down the pipeline soon.  Clients are putting money down and dead
broke after the fact..meaning they can't even make the first payment.



Now excuse me as I go see if they're at least hiring at target!!!  LOL!!!



Traci Standifer-Henderson

Mortgage Planner

214-455-9503 office

888-711-4563 fax





[Non-text portions of this message have been removed]

Thanks Debbie:

I should think that after being in this business myself for 40 years and having
seen and survived it ALL my crdibility speaks for itself.  I find it amazing
that there are "egos" out there that simply can't see an
inter-business-relationship between two professions within the same industry. 
There are fraudster in every aspect of life from the clergy, medical doctor,
accountant, attorney you name it.  Fact is over time, ones true colors have a
magical way of exposing the fraudster.  But I guess Attorney General Cuomo would
rather laber all appraisers and mortgage brokers and Loan Officers Crooks.

Keep the faith, there are thousand of appraisers on the Mortgage Brokers Side.

Keep placing and closing those deals,

and I will say "Fraternally" yours in Solidarity.


Rich Greco
Richard Greco Appraisals
New York


 




________________________________
From: Debbie <dkrg04@...>
To: mortgagebrokers@yahoogroups.com
Sent: Monday, March 2, 2009 5:58:54 PM
Subject: [Mortgage Brokers] Re: Glad to be on board.


--- In mortgagebrokers@ yahoogroups. com, Richard Greco <richgreco5@ ...>
wrote:
>
> My name is Richard Greco and I own and operate Richard Greco
Appraisals.  I will be more than happy to discuss with interested
members of this group issues faced by appraisers in this present
mortgage and housing crisis.  What some seem to forget, it is also an
appraisal crisis.  Depsite the underlying cause to the agreement
between the Attorney of NYS and Fannie Mae and Freddie Mac,
separatation of Brokers/Bankers and Appraisers, Fact is, the cure to
the alleged Appriaser/Loan Officer problem is for more direct contact,
not less.  Prohibition in allowing one to learn from another is just
plain dumb.
>
> Isn't it amazing how there is always someone out there ready to
reinvent the Regulatory Wheel.  Wasn't FIRRERA, THE RTC, AND USPAP
enough.  Obviously not.
>
> May the law suit launched by NAMBR be successful.
>
> Rich Greco
>
>
>
>
> [Non-text portions of this message have been removed]
>
I couldn't agree with you more. I always had a very open
communication with my appraisor. Never asked for anything and he was
very honest and very percise in all his appraisal. Too many gaps in
the comuunication process with necessary parties will only open alot
more issues that we will all have to deal with.....

Debbie Griffin
Mortgage Loan Officer
State of Louisiana







[Non-text portions of this message have been removed]

Yes and then I show it on the HUD as a POC with a copy of proof of payment




--- In mortgagebrokers@yahoogroups.com, "Traci Standifer-Henderson"
<mhende21@...> wrote:
>
> Ok quick question..are you guys making your clients pay for their credit
> reports upfront?
>
>
>
> Traci Standifer-Henderson
>
> Mortgage Planner
>
> 214-618-5837 phone
>
> 214-618-4837 fax
>
> 214-455-9503 cell
>
> Yes and then I show it on the HUD as a POC with a copy of proof of payment
>
> [Non-text portions of this message have been removed]
>