TBWS - Video Marketing and Mortgage News Designed for Mortgage and Real Estate Sales

brian tbws: (December 03, 2009 2:32pm)

Hi Oooops, you should get Rate Alert & look at all the amazing options it has at tracking and anticipating the market. It's something all originators should have in their back pocket. By the way at 25 bucks per month is about 1/5 the cost of our competition.

Valuequestor: (December 03, 2009 1:14pm)

Wish I could meet you guys in Vegas, but I'm scheduled for the Appraisal Summit & Expo there on the 10th & 11th at the Tropicana. This is the first time I've gone to one of these that wasn't in my backyard. Might as well go to Vegas while I'm still an appraiser. Jeff Schurman of TAVMA, Ron Smith -FHA, and Jim Park the Exec. Director of the Appraisal Sub-Committee are speaking along with others. I want to hear first hand what some of these ass-hats have to say. 14 Hrs. of CE, gambling and drinking. Gee......I hope I don't cause a scene! Anybody else going??

oops: (December 03, 2009 12:36pm)

I missed the lock alert yesterday on my fha streamline now 4.75 is almost at par, should I lock before I lose it? seems like the tbws opinion is rates will increase ~

AJ CAPITAL: (December 03, 2009 6:56am)

What happened for today December 3, 2009? No Video?

Internet marketing realtor: (December 02, 2009 11:00pm)

Keep up the good work think big work small!

Ezradams: (December 02, 2009 6:40pm)

Social Appraisal Gal, I've read the California regulations for AMC's and they are extremely weak! Google the new regulations for Utah and you will see some decent requirements for AMC's to follow. (California's are the worst I've seen so far.) We plan on forming AMC legislation early next year in New Jersey and will fight for major appraiser rights in the bill! Join the American Guild of Appraisers if you're interested in appraiser independence. [email protected]

NOLA Nan: (December 02, 2009 1:46pm)

The HUD/NAMB webinar was horrible.

Link to NAMB Webinar: (December 02, 2009 1:12pm)

http://www.mortgagerevolution.info/hud/ Hope it works! Frank

SimpleSolution: (December 02, 2009 1:02pm)

Borlans-Doesn't suprise me. Some of these review appraisers are hacks sitting at some desk 1000 miles away and not at all familiar with the subject's market area. Either that or the AMC appraiser didn't know what he/she was doing either. Either way if you find either one incompetent you need to report them.

MortgageBrokerGal: (December 02, 2009 12:55pm)

SO CAL BROKER: Here is the link to the replay of the HUD/NAMB webinar: http://www.mortgagerevolution.info/hud

MortgageBrokerGal: (December 02, 2009 12:53pm)

Borlans: I had a reviewer reduce a value by almost that much, which just barely allowed my borrowers to complete their refinance. I tried to fight it through the lender, but to absolutely no avail.

Borlans: (December 02, 2009 12:40pm)

Have you heard, the actual lender's reviwer cutting the value of the HVCC appraisal by $50,000?

Used to be appraiser: (December 02, 2009 12:39pm)

You guys can discuss hvcc all you want and give proposals but people that are in conrol of this dont seem to care and at this point I came to grips with the fact that our profession is dead for most of us, unless we want to work our asses off for a minimum wage! Something might change in the future only when some other stuff hits the fan again and all this gets exposed to all, but that will take years I am guessing. Just my 2 cents on this, good luck to everyone I am off to finding another career.

Slim Shady: (December 02, 2009 12:34pm)

Lo; I have spoken with several banks on what their protocol will be with FHA's after 1/10/2010. Some don't know yet, some are odering assignments themselves and most are using AMC's along with their conventional loans. You are correct that FHA isn't requiring the use of an AMC; however, nobody or nothing is requiring the ue of an AMC now for any apprasial assignment for any reason. The banks have always had an option which is why many FHA's assignments will be handled differently just like the conventional assignments. It's also why AMC's aren't going away even if HVCC does, HVCC just greased the wheel.

So Cal Broker: (December 02, 2009 12:23pm)

Frank: Do you have the link yet to listen to yesterdays webinar? I was not able to login yesterday.

Ethical Counsel: (December 02, 2009 11:58am)

Mortgage & Real Estate Guy: HERE HERE!! We have been doing business forever crediting the YSP and dislosing exactly what is made where. We have been pushing this concept of charging our fee and crediting the whole YSP directly, so it's all clean, since all this blew up. In CAMB and editorials and with our clients. COMPLETELY TOTALLY FULL TRANSPARENCY! It doesn't hurt anyone, and its RIGHT. Thank You! I refer people to Retail, but I coach them to ask and make the retail agent disclose. - But the client makes the decision if they're comfortable with the numbers.

www.honestlending.net: (December 02, 2009 11:27am)

Best Daily report yet - I agree and support my Ohio Attorney General 100% - great job guys keep up the good work!

Baustin Powers: (December 02, 2009 11:27am)

It's 'bout time that credit rating agencies get called out. Bravo Mr. Ohia AG, Bravo!

SoFlMtgBkr: (December 02, 2009 10:34am)

hvcc is killing me: What a great idea! If this, or something very close, was the basis of a model to replace hvcc the only losers are the AMC's in that they wouldn't have a 'wind fall' generating business for them (hvcc).

Mark: (December 02, 2009 10:24am)

Toby - FHA is not risk based pricing, and fha does not have a credit score. THe credit score on FHA being imposed by lenders has to do with their servicing set aside for bad debt. The lower credit scores they have the more they have to set aside. So to avoid the set aside, the score was imposed.

Mark: (December 02, 2009 10:19am)

Mortgaeg & Real Estate Guy - What if the borrower doesn't want to pay points or origination? Since we cannot get any YSP, we cannot do a zero orig or zero point and get paid. Any YSP goes to the borrower. How do I get paid as a Broker?? Does this not constitute unfair business??

joecolorado: (December 02, 2009 10:15am)

When I get a review from an amc and they require additional information and/or changes,I request the reviewers full name and license number and note that info in my appraisal report.If they mandate changes,then I feel I need to include the reviewer's name and license number,if and when I comply with their mandate as a contributing assistant!WWWWOOOOOWWWWW you should hear some of the reactions I get its hilarious......

Lender: (December 02, 2009 10:02am)

Trustman, I loved your words. I couldn't express my thoughts any clearer than what you just did.

joecolorado: (December 02, 2009 10:02am)

help me out here as I dont know the answer to this, but as the amc's contract us, can they give appraisers 1099's? and wouldnt that also be an additional relief tax benefit for them?

caltex: (December 02, 2009 9:57am)

T0 TheFyouSay, Thank you. Does this mean if I file for BK, I will not be eligiable to do loans? Should I start selling NSkin instead?

hvcc is killing me: (December 02, 2009 9:56am)

HVCC: GOback to brokers picking the appraiser and then the bank can do a review. If it comes in 10% difference then a 2nd review to go over rebutals. WHo ever is wrong, they go up in front aof a board. If they can not back up their value, first time slap/fine 2nd time pull their lic. everyone wins. Banks are protected, brokers get their appraiser and they weed out the bad ones.

Toby: (December 02, 2009 9:54am)

You guys sound like a couple of bitchy little girls today. FHA is NOT risk based pricing. Say it again. FHA is NOT risk based pricing. It would be nice if it was, and we could have zero down payments or seller assisted DP for higher credit score borrowers, but that is NOT what FHA was chartered to do. Take it up with your congressman.

Trustman: (December 02, 2009 9:54am)

In all honesty, I have reached the point were all things considered, it is what it is. My efforts and over the past 20 years have been literally stolen. Compounding this reality is the fact that I have been paying the thief with my hard earned tax dollars. The HVCC has not only robbed me of a substantial and ever growing segment of my appraisal business, but even more importantly, has robbed me of the right to rebuild it. I also sense that the powers that be literally do not give a rat's arse, as they have become so accustomed to screwing up money, lives and systems with total impunity. Unfortunately, "We the people", have about as much power as power allows us to have. And, the power of we the people has become infected with the interest of the few at the expense many. So, while while I hope that this works out for the benefit of the many hardworking, honest and optimistic Appraisers, mortgage and real estate professionals like myself, I am becoming doubtful that will be the case.

SimpleSolution: (December 02, 2009 9:48am)

Mark-This is why I say the BANKS should be paying the AMC fees not the consumer/appraiser. The appraiser fee should not be involved in the transaction whatsoever. The appraiser should be able to collect at the door and the banks should pay the AMC fees being that the banks are the ones technically using the AMC service to find and order appraisals. Why do the consumers/appraisers have to pay for a service that the banks demand be used?

HVCCISKILLINGME: (December 02, 2009 9:47am)

HVCC: Ho about the old system with a review. lenders get a good appriaser banks are protected by the review. If the appraisal/review is off by say 10% then it goes to a second review and see who is off and then that person goes up in front of a board where they can prove how and why the value. If the that can not first time slap 2nd time take their lic. away. weeds out the bad appraisers/reviewer.

Mark: (December 02, 2009 9:34am)

HVCC - I still view this as a violation of RESPA. Teh appraisal fee shown on the HUD should be the fee to the appraiser. Since the AMC is not paying that fee to the appraiser are they not "marking up" the fee?? Violation of RESPA. Also, HVCC was to allow portability of the report amongst lenders. Since no Lender will accept and "portable" appraisal, are they not in violation of the "code"?? Who do we contact to report HVCC violations by Lenders/Banks???

TheFyouSay: (December 02, 2009 9:11am)

@caltex Ca brokers with a DRE lic WILL need to get the new mortgage lic. for the federal lic system by Dec 1 2010. We will not have to have the 20hrs of education the 1st time but need to have the livescan/back ground , credit ,and take the test. The new MTG lic will require retest every year.

Mark: (December 02, 2009 9:09am)

Mortgae & Real Estate Guy - I'm all for full disclosure. Banks do not have to disclose YSP or in their terms SRP. Brokers do. Full disclosure would be having the BANKS disclose thier income - SRP. The bank can still show the 2000 but they are still getting SRP netting them more income on top of the AMC fees they are raking in. Never though of the tax part - wonder how long it will take the IRS to close up

mtgehamster: (December 02, 2009 9:00am)

Just had a conventional appraisal done through Lender #1 AMC: value $244,000. Flipped to Lender #2 AMC: value $357,000. $103,000 diference! Home was in town with population 68,000...not an area with a lot of mixed housing. Death to HVCC!

SimpleSolution: (December 02, 2009 8:58am)

Frank & Brian or anyone else who may know the answer-Just a suggestion/thought. Why aren't the banks paying the AMC fees instead of appraisers when tecnically the banks are the ones utilizing the AMC's services not the appraisers? If we can't get the HVCC reversed I would like to see at least that. Then let the AMC's have to wait for their payments and let us appraisers collect at the door. Again, just a suggestion. Would prefer the HVCC to go away but I have lost hope of that happening....

caltex: (December 02, 2009 8:43am)

Will Ca Lic Brokers by the DRE have any new/additional State Requirements that have to be met for doing loans?

caltex: (December 02, 2009 8:35am)

FHA should be 100% (NO TAX Credit) your explanation of previous circumstances vs todays should have no difference in defaults than the tax credit but would save tax payer dollars

Mortgage & Real Estate Guy: (December 02, 2009 8:33am)

I have been crediting the YSP for almost 10 years now. Take advantage of the tax loopholes we have available. The borrower is looking at adding $3000 to $8000 to their loan amount. Charging higher points and crediting them the YSP is a great selling point. Because it helps them further their economic goals. MARK: in regards to your bank loan officer (that most likely won't have to credit the YSP). If you are a BROKER, they can't compete with you any way. If the BANK loan officer charges $2000 Orig. and makes 1% YSP. His/Her interest rate will be .25% to .50% higher than yours to make the same YSP. If in fact the YSP has to be credited, I haven't heard solid evidence in either direction yet. It will only help the borrower and you can make the same amount of money. Plus it helps the perception of FULL DISCLOSURE!!!

elipp: (December 02, 2009 8:33am)

hey frank, i thought you should know i called Barney Franks office yesterday and actually spoke to a guy that said Barney Frank is against the HVCC. I then asked if he is against it, why isnt HR 3044 being let out of comittee? He gave me some BS answer that all the financial changes will be rolled up into 1 bill for everybody to vote on rather than 1 bill at a time. basicaally he is just holding the bill ransom. I think we should get more people to call his office to put pressure on him to get that bill out to a vote.

Socal Appraisal Gal: (December 02, 2009 8:28am)

James the Appraiser furthermore what makes you think the HVCC is going away. As Frank and Brain found out in New York...its not going away they want us to re write it...I too would love to see it go away but I don't see that happening as too many in the banking world are getting money out of this one and they are in bed with the law makers...Don't get me wrong...I would love the HVCC to go away I am just being realistic...

Mortgage & Real Estate Guy: (December 02, 2009 8:26am)

MARK, especially MARK: You need to recalculate your math. If you charge $2000 Origination, and credit your 1% YSP. You still make $2000. Crediting your YSP does not reduce the amount of your Origination. Furthermore, you should charge your YSP on the front end anyway, and the credit the same amount back to the borrower. WHY YOU ASK? For tax reasons, the borrower can only write-off POINTS. Example: 1% Orig, 1.5% YSP. Why whould you make 2.5% points on a loan and only let the borrower get a tax deduction of 1%. If you charge 2.5% Origination. And Credit the 1.5% YSP. You make exactly the same amount of money, but now the borrower get a tax deduction of 2.5%. This is something every loan officer in the country should do for every client. This is a great selling point for borrowers that are on the fence. You will have to practice how you educate your clients because some will not comprehend what you are doing. Spend the time to educate the client, they will come back to you

Socal Appraisal Gal: (December 02, 2009 8:24am)

In reference to James the Appraiser...I guess you don't get it...Call the OREA they are going thru applications right now and you have to be approved with the state. They are taking notes from us all and not approving the ones who violate USPAP or are conducting themselves in an unethical way. Don't kill the messenger. This is a step in the right direction and I am exposing the bad AMC's so they don't get approved. These would also be AMC's that are not paying you..They are trying to put a stop and regulate them. Ps I know they are overloaded but they are hiring. I send in bad appraisal reports and they do eventually get to them. Believe me there are two appraisers in Ca that don't have lic. anymore thanks to the information I was able to provide to them over the years. But yes they are back logged and it takes time. They get frustrated to as they put together a good case and the DA ends up dropping the ball and slapping a hand rather ENFORCING the law to its fullest.

DAG: (December 02, 2009 8:22am)

Mark, I signed on that webinar yesterday, but had no audio. When are the guys in Washington going to get educated on our business? Are they really that uninformed that they believe only brokers make any money on a transaction? It is so frustrating when I have banks in my region who promise only $250 in closing costs or to refinance for only $250 and business pours in to them when their interest rate is higher than I offer and they do not disclose that all the fees are not included in $250. The borrower always shows up to close and it costs more. And who could not refinance for $250 when you are not promising any rate at a future date. I make it a point to tell all my borrowers the banks are making money they do not need to disclose.

curtis: (December 02, 2009 8:11am)

Hey Frank, do what have you guys heard / foreseen these new HUD/GFE restrictions impacting us brokers. We get other LO's telling us all the time that brokers are basically going the way of the Dodo. Do you see lenders significantly changing or altering their process to approve brokers because of the FHA guideline changes? We've been brokering FHA loans for 8 years and haven't had any issues, so we're wondering if Lenders will start restricting which current brokers they work with. Thanks for all the work you guys do for us - Curtis

Frank Garay: (December 02, 2009 7:59am)

Just got off the phone with NAMB.. GoToWebinar had some issues (happens to us all the time too).. they are working on getting it together and will be forwarding me the link as soon as it's available. I'll keep you posted.

James the Appraiser: (December 02, 2009 7:38am)

Hello All - as a California Appraiser I'm not holding my breath on the OREA keeping an eye on the AMCs. They don't have the man power to over see appraisers at this point. Over teh past 3 years both my father and I have sent in reports that needed to have the appraisers license taken away and fines as part of the problem, but they have not even started the research on the first of them. Three years, by the time they get to slapping the hand of any of he AMCs we will be in full recovery and HVCC and the AMCs will all be gone

Nor Cal Mortgage Broker: (December 02, 2009 7:38am)

FHA went wrong when the loan limits went up to the conforming limit amounts. Back in the day, when they were low, it made sense to include assistance because only low income people were getting them and 3% of $125K isn't really a market value mover, but 3% of $400K is. Look at USDA loans - great performance ratio overall despite no down & low FICO requirements because the income limits keep the loans to the people who need them. If a buyer can afford to make a payment on $400K, then they should be able to save at least 5% down while they are paying rent or they have a serious money management issue that will surface when they own.

jenskibar: (December 02, 2009 7:34am)

gheinz- The only one I could find for a Habitat for Humanity 1st right on an FHA refi a couple of years ago was National City, so sorry. I don't think you're going to find it wholesale.

Mark: (December 02, 2009 7:26am)

gheinz - nobody. FHA sees that as discrimination and will not allow FHA financing.

Mark: (December 02, 2009 7:24am)

Charlie O - I was just in a webinar with NAMB and there was a Vicki Bott Deputy Asst Sec of Single Family Housing in attendance. When reviewing the GFE page 2, when it involves a BROKER ONLY, any YSP must be credited to the buyers thus our income is reduced. In order to make YSP, we have to inflate the origination. On a 100,000 mtg if you wanted to make 1 and 1 for a total of $2000 the origination has to show $3000 and then a $1000 credit with a net of $2000. Banks can show $3000 and still get the $1000 on the back and make $4000 when we can only get $2000. UNFAIR BUSINESS

mikepinter: (December 02, 2009 7:23am)

DPA FHa loans defaulted four times as much as FHA loans without DPA. Clearly they were not good. Let's hope loans with the new tax credit don't follow the same path (I doubt they will)

Frank Garay: (December 02, 2009 7:15am)

Guys.. keep posting. On my way to office... will release posts in about 30 mins..

gheinz: (December 02, 2009 7:13am)

Does anyone know who will take a condo without FHA approval that has 1st right of refusal . Borrower is 639 and full doc and will be buying property he lives in.

Socal Appraisal Gal: (December 02, 2009 7:11am)

Yes there are many changes happening on the 1st of Jan. The state of California is making it mandatory that AMC's are approved with them. So if anyone would like to report the wrong doings of certain AMC's that are more concerned with turn time for the cheapest price and usuing unqualified outside of the area appraisers while sticking a big bill with the client in which they keep they keep all the profit call the OREA of CA or go on their website and expose them. Not allowing the unethical AMC's to work in the State of California is a step in the right direction. I have been told there are other states doing this as well so call your states Office of Real Estate Appraisers and if their not suggest they follow in the footsteps of California and regulate the AMC's. This is one way that we can be pro-active and cause force positive change in the HVCC...gee regulate the AMC's brillant!!

RobG2CCG: (December 02, 2009 7:01am)

The problem with Seller funded DPA's had nothing to do with LTVs, credit-worthiness, class-association, loose mtg guidelines or transparency. They were a problem because they masked the true value of the home. Instead of lowering the sales price, sellers were paying for the buyer's closing costs. If the seller was not permitted to do so, then the sales price would have been lowered. The issue of helping folks with DP funds needs to be separated from the sales price of the home (like with the tax refund pgm, and local grant money). Only then can we determine whether or not 'skin in the transaction' is a real determinate.

Peebles: (December 02, 2009 6:59am)

Dave Stevens from FHA is the MAN!!! I used to work with Dave and I can tell you he is on the side of the loan originator. He has been an originator. He sat at the closing table and knows what we go through. He is a smart heads up player that knows the business inside and out. I give him lots of credit coming into FHA.

JFH: (December 02, 2009 6:57am)

HEY GUYS I know what all us brokers think and see the writting on the wall but maybe you can comment on the future of a broker like will the broker be around in months or year to come or are all us brokers just wasting our time waiting for the market to come back

Charlie O.: (December 02, 2009 6:54am)

Um, hey guys and Mark especially. You do NOT have to give YSP back to the borrower. That has been clarified.

GODLIKE: (December 02, 2009 6:52am)

Garay I'm with you, the only Seller funded DP loans I ever saw were to people who didn't deserve it and who you knew would never pay the bills. I'm a fan of the Tax Credit only because it's the only way I'll ever benefit from the Obama giveaways, but logically I think they are not a good deal long term.

Lo: (December 02, 2009 6:44am)

Can anybody clarify how FHA appraisals are going to be ordered after January 1st? It says brokers are not allowed to order but they do not have to use AMC's. The mortgagee letter is not clear in regards to this.

Mark: (December 02, 2009 6:43am)

Frank - jump fast and furious. I know that everyone will jump on board and do what ever we have to do in order to get this reversed. As we all discussed a week and a half ago, we could get together and start a pot for legal fees for a class lawsuit.

Eddieinab: (December 02, 2009 6:42am)

Yes we need to!

Frank Garay: (December 02, 2009 6:37am)

I believe we will be starting a movement on YSP on tomorrows daily... we have to jump on this fast.

Mortgage Girl: (December 02, 2009 6:37am)

Amen to you, Nuke 'em til they Glow! Seller funded DPA is a racket and that tax credit is costing us all. It may bring in some business, but at what cost to all of us as tax-payers?! C'mon! Wake up guys!

Mark: (December 02, 2009 6:36am)

Any movement on getting the YSP reversed so that we do not have to give it to the borrowers so that we can stay competitive?

Old School Mortgage Banker: (December 02, 2009 6:32am)

YEAH! It's about damn time someone went after the rating agencies! I couldn't agree with Frank more, a major amount of the blame for the mortgage mess falls on the shoulders of rating agenices giving AAA ratings to bonds backed by sub-prime mortgages. Yet up to now, they've gotten off scott-free! I hope the OH AG grills 'em!

Lookin4AWayOut: (December 02, 2009 6:31am)

All of the changes to the industry, big banks seemingly trying to turn the "Mortgage Banker" to a salaried position...Hmmm.. maybe it is time to look at selling Nu Skin and look 35 forever?

Frank Garay: (December 02, 2009 6:27am)

Mark.. great question.. not sure. We are in a Broker/Banker office, a big one, so as we learn we'll advise.

Frank Garay: (December 02, 2009 6:26am)

JD - Thanks. Yeah we are in an "intro transition" right now.. hang in there.

Frank Garay: (December 02, 2009 6:25am)

Haven't got the NAMB link yet, but will have it today and post it.

Mark: (December 02, 2009 6:16am)

Question - if I'm a Mortgage Banker and I fund the loan but do nto Underwrite it, do I have to have the $250,000 net worth?

CA appraiser: (December 02, 2009 6:04am)

First! Attention all appraisers: Forward Frank and Brian to any and all people you know in the RE industry. These guys have it right and they know a nice, quick, concise way to present it. Love their videos and cant say enough about them both.

joecolorado: (December 02, 2009 6:03am)

Frank did you get that NAMB link?

Brian from Arizona: (December 02, 2009 5:56am)

TBWS, thanks for providing updates on today's issues in the market and for even applying humor to it all for a fun watch.

Dummy: (December 02, 2009 5:52am)

Genius!

JR mort.: (December 02, 2009 5:50am)

Hmmm what were the wristbands about?

PA Joe: (December 02, 2009 5:49am)

Where the hell's Mabel?!!!

Jason: (December 02, 2009 5:42am)

Frank did you receive the link for the NAMB webinar recording?

NimaLoans.com: (December 02, 2009 5:39am)

When are we going after Barney Frank? I've already sent a couple of letters to my local reps and I even called my reps offices in Washington. We need to stand up against Barney Frank and his group who is trying to get rid of YSP. Thoughts?

Nuke 'em 'til they Glow: (December 02, 2009 5:23am)

Kill Seller funded DPA since it;s Just Legalized Deception at least and Fraud a best. I;m so glad that it's gone. Tax credit is only looting the public treasury. Basically stop this nonsense and get back to common sense lending and saving. Do both and do it now!

Feickster: (December 02, 2009 5:12am)

Although my question here is not related to the mortgage industry I would like to hear comments. In terms of regulation, what will the government do to stop guys like Brian and Gary from telling it like it is? Without networks to spin the already spun news who is going to brainwash the public? Much respect to these two. I look forward to the daily episodes. Who else will give you this much real information and OPINION in less than 8 minutes a day? Thanks fellas!

PadreBruce: (December 02, 2009 5:11am)

I have no audio this morning guys!

joecolorado: (December 02, 2009 4:52am)

logic doesnt work where ANY government action is involved.(pretty much an oxymoron) but good show today guys thank you.

JD: (December 02, 2009 3:58am)

Hey guys... A little note on branding...Don't change things that work...Every day I relied on the intro music with the announcement, 'Morning..It's time for your TBWS Daily'...I made a game out of it by asking my wife about the time I clicked on the video link, casually, what time is it?..(w/variations such as about what time you recon it is?)For over a month, I got her to reply with the time just about when the intro music come blaring out...(She will no longer tell me the time, even when I seriously need to know the time.) Any way... I forgave you the intro music while you guys were in New York, but now you've proceeded to throw a lame intro on us. Do us (and yourselves) a favor and put the intro music back where it belongs, and not muted somewhere behind Frank's beady eyes. Keep up the killer content though, us Brokers rely on it. (Yes, I'm a broker....or as I like to say of recent...I'm a broker than I've ever been) Thanks

LIAppraisaer: (December 02, 2009 3:35am)

In Newsday a Long Island paper, they are laying off 600 people today in there Meville Operations home office. They are searching for lenders to take over there pipelines. HUD plans on not filing criminal charges. My question, WHY NOT?

GHeinz: (December 02, 2009 3:15am)

Here's one for the books!!BOA took monies out of our account that did not belong to them nor did they have our authorization.Nor do we bank with them. This was because our tenant told them the ck from April was frauduluent. We have been to the D.A. and were told that the fraud was committed by tenant to BOA and that we only have recourse against BOA through the courts.If this is the case than I want all my mortgage payments made to BOA back since they frauded the US consumer for 55 billion!!I have filed with the Federal reserve, the FTC, Postal Inspector,our Congressman and Senator and notified the Media who may be interested in carrying this one. I went to a branch next to our office and they refused to give us any info or cooperate. I also filed with Ken Lewis Corporate office at BOA. If anyone needs these numbers just email me.It's no the amount it's the indignant attitude that they can do anything.