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Mortgage Business Books
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Friday, June 04, 2010 |
05:09 PM |
Texas Time |
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Appraisal Help
Recent offerings by service providers are aimed at helping appraisals improve their reports and helping lenders maintain adequate oversight. The new offerings include a consulting service and a book.
In early April, Valligent announced the launch of a consulting division with a focus on helping lenders develop strategies for providing accurate, compliant and cost-effective valuation solutions.
Valligent Chief Executive Officer Jeremy McCarty will lead the new division.
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$1 Billion Bet Against Subprime was Good
A few investors were savvy enough to bet against subprime mortgages before it all went bust. One of them began betting against subprime loans in 2005 and eventually upped his bet to $1 billion.
As a guest on the Jon Stewart Show, Michael Lewis -- author of The Big Short - Inside the Doomsday Machine -- talked about how 10 to 12 investors saw the financial crisis coming and made money from their insight. One of those who profited, Michael Bury, started betting against subprime mortgages in 2005 and eventually increased his bet to $1 billion.
Lewis noted that the seeds of the crisis were already sown well before the collapse of Bear Stearns and Lehman Brothers, stating, "All the bad subprime loans and all the bad bonds and all the risk was placed between '05 and '07."
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Retail Mod Services Sprouting Up
As up-front fees become more difficult to collect on loan modifications, fewer new modification firms are emerging. But a cottage industry of free and paid services is emerging to help borrowers complete modifications themselves. One of the offerings is a new book.
FHA Daily
A net branch company is recruiting mortgage brokers by focusing on streamline refinances of loans insured by the Federal Housing Administration, while a tour has been launched to help loan officers boost their FHA productivity. Also on the market is an FHA book and a new certification for government underwriters.
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Sales Super Stardom
The first step to becoming a sales superstar includes making a personal declaration to become successful and then removing the mental roadblocks that keep success at an arm's length, according to a book reviewed by MortgageDaily.com. Essentially, the mind of a sales superstar must first be created.
So this begins the philosophy teaching of How To Be A Sales Superstar: Break All the Rules and Succeed While Doing It.
Its author Mark Tewart takes a contrarian approach to guiding the masses to super sales stardom. This begins with gaining the right frame of mind.
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Brokers, Appraisers and Securitizers Blamed for Meltdown (book review)
The former owner of a failed wholesale lender has authored a book that discusses his take on the causes of the mortgage meltdown. Among the culprits: mortgage brokers, appraisers, investment bankers and ratings agencies. Lenders, on the other hand, were merely mentioned as victims. |
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Sales Steps (book review)
A successful salesperson starts with a vision then creates a blueprint, according to the latest sales book reviewed by MortgageDaily.com. A focused execution completes the sales process.
Formula Boosts Closings (book review)
Knowledge, skill and motivation are three components essential to sales success -- especially as the overall market struggles, according to a new sales book reviewed by MortgageDaily.com. |
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Mortgage Industry Books
Read about books reviewed by MortgageDaily.com reporters. Book subjects include mortgage banking, loan originating and selling.
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