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

TheBigEasy: (December 14, 2009 12:34pm)

hey guys, Any chance you can help "The Repair Department" get his head out of his A$$ or at least stop his stupid political BS?

The Repair Department: (December 12, 2009 11:09am)

SAM, If you want to live like a republican vote democrat, If you want to live like the have's and have not, republican is the way to go. This is for your understanding. The election of 53% to 47% voted for a change from the status quo politics of the past 8 years. When the supreme court selected George W.Bush, and the civilized citizens of this nation did not whine about it. The next election is in 2013. What you right wing nuts don't get, we was elected to lead this great nation, if you have any new ideas, not the same trickle down, ship out America's jobs to benefit the greedy rich. I support rich, but not greedy rich. Greedy rich is a cancer, it's the cancer that need removal. Simply put, let us lead, you follow and if you can't do that, please be considerate of the majority and GET OUT OF WAY.

joecolorado: (December 12, 2009 10:14am)

SAM-ok,that accounts for 3+/-,what about the preceding 11+/-?These politicians R not in it for the good of their souls.They R in it because there is money in it and it satisfies their enormous egos.Where else could you get THAT stroked & get paid for doing it,with apparently no recourse?They can always blame the house/senate/pres/pols/weather/the cat & flim flam voters with other issues i.e. pols changing horses mid stream!what a crock,if elected & they decide to change affiliation,they should resign & let the elected party re-assign the seat 2 one of their own-according to the wishes of the electorate.That doesnt happen.Pols...cant trust 'em cant do anything else with 'em as they are pretty much a total waste of space...both major parties ought to be ashamed for what they BOTH have done to this country,and we let them do it!!!!!Now they've screwed up the appraisal profession with the help of the AI and ASA, with the m'gage field dying we R in real trouble-blaming is easy, we need help

Just Me: (December 11, 2009 3:44pm)

See link http://www.earthtimes.org/articles/show/hvcc--dead-or-alive,1086785.shtml

Loanwise: (December 11, 2009 3:39pm)

SoCalApprs2: If you want proof of the lack of competence by hvcc appraisers give me a call. I was an appraiser for many years and went into lending about 15 years ago. I have a number of actual appraisals that prove incompetence. I also have borrowers willing to release said appraisals. If you really want proof of this, give me a call. I am in Orange County, CA Jim 714-573-8110

Just Me: (December 11, 2009 3:39pm)

I understand HVCC has been "sunsetted". Have no effect but the AMC's are still here. I get this to mean it will still be AMC's controling the appraisal work but now all parties may call to harrass the appraiser and demand corrections. The Feds will now be regulating the appraisers.

Anti-HVCC: (December 11, 2009 2:08pm)

So whats the verdict on HVCC. HR 4173 passed today. I have been watching the procedures on CSPAN, but I am unclear if the HVCC issue was amended or HVCC is gone. Does anyone know???

Anti-HVCC: (December 11, 2009 2:08pm)

So whats the verdict on HVCC. HR 4173 passed today. I have been watching the procedures on CSPAN, but I am unclear if the HVCC issue was amended or HVCC is gone. Does anyone know???

so cal appraiser: (December 11, 2009 2:02pm)

to SoCalApprs2 - I believe that you have the correct plan of action

SoCalApprs2: (December 11, 2009 1:29pm)

To TBWS- Thank you for the contact info. I will contact you Monday morning. I am going to research some stuff and give you guys a call Monday. My feeling is this, if we can present the case that HVCC was either passed illegally or is being run as a monopoly, creating a collusion between the banks, we will have a much more successful approach in getting this thing destroyed. We all need to research the process, document possible violations, and then present our case to the media. I do not want to approach my contacts (both political and news) with a bunch of "Help me, my business sucks cause HVCC sucks". I want to come in with some fully loaded documented cases that will raise eyebrows. Talk to you all Monday.

findingsolutions: (December 11, 2009 12:36pm)

once again its the people we elect to office who make the differance. school administrators are just as corrupt and bougth out as our politicians are, kids do not learn well in an environment that is not conducive to learning. interesting that money doesn't solve the problem but yet everybody wants as much as they can have (greed). monies directed right and with proper oversight will help bring about a better educational environment than what we have right now. an educated populace is corporate americas and the corrupt politicians worst nightmare. thats why, in my opinion, a liberal education is what is needed in our country. the more you know the easier it should be to make an education decision. knowledge is freedom, ignorance is slavery. i like to be free.

That Tony Guy: (December 11, 2009 12:27pm)

You guys must have hit it pretty hard in Vegas?.Both your eyes look a little puffy. Cheers!

Sam Shile: (December 11, 2009 12:27pm)

Hey Joe, that mess you refer to, took Senate and Congress votes to make. Who has been running the Senate and Congress for the last three years? Didnt Barry beg for the job, then whines about how hard it is too fix? Real leaders and winners take resposibilty!

Sam Sile: (December 11, 2009 12:19pm)

Education has been drowned with too much money.Trillions! with worse results. The liberal eduactors have been wayyy too busy telling students what to think, rather than how to think for themselves. and $$ will not fix that. The three Rs and fundamentals do not require a big budget.

findingsolutions: (December 11, 2009 12:14pm)

we are still a gov't by the people for the people. we just need to elect individuals who believe in the democratic way that our country was founded on, represent their constituents and not their corporate sponsons. if you want our democracy back we have to have public paid election campaigns. once corporate america started paying for campaigns the first thing that those elected pushed for was the reduction in education funds. we now see the results of having an uneducated populace. they couldn't understand the terms and conditions of their loans. we have fought wars to protect american industrial interest worldwide for appox the last 150 years. corporate america will allways rule as long as they pay for the elections of our elected officials. i'm looking for a lender who will do 2nd home financing up to 90%LTV, anybody know of one? thanks for the help

Houses4Lady.com: (December 11, 2009 12:01pm)

Jerry Brown....we CA's know him! Guess I will be closing my BofA account. To bad I thought they were coming along. Guess he is getting out of CA, because his work(destroying the state) is done here.

loansumlou: (December 11, 2009 11:53am)

The folks that can't find the links and docs box are the same folks that the airlines are talking to when they demonstrate how to use a seat belt! DOH

loveloans: (December 11, 2009 11:34am)

He would fit perfectly with the rest of the communists in Washington. Remember, as Governor of California he closed 27 state run mental hospitals and overnight increased the crazy homeless population by 1,000's. Here's a good question for Jerry, what happened as Dockwyler State Beach in 1968?????

Realist 1: (December 11, 2009 11:22am)

Finding solutions, you could not be more wrong. This is no longer a government of the people by the people for the people. It has become a government of the corporation by the corporations for the corporations with a whole bunch of self serving corrupt SOB's running the show laughing all the way to the bank. Reducing people's principal mortgages will not solve the financial crisis in the mortgage markets or in the economy in general. There is a far greater problem at hand which is rising UN-PAYABLE total debt at over 350% of GDP, a record high even more than during the great depression. An economic collapse is very much the end result no matter which way you slice it.

providentclass: (December 11, 2009 11:09am)

Urgent we are looking for brokers, Clients, and appraisers who have had issues with Provident Funding whether your loan was not underwritten because it was not locked, Your approved loan was withdrawn because it was not locked, and your appraisal was affected because of Provident abuse telling you or conditioning you to change the outcome of your appraisal as LenderVend is a DBA of Provident Funding. Please email [email protected] with your issues and or concerns.

joecolorado: (December 11, 2009 11:07am)

no one walks into running a country with experience.But if you get the position as a graduation present from your dad,then you can drive the country blindly into a recession as long as you have someone else to blame.There ya go blaming someone that inherited a mess,for that mess.The whole world is in a recession,not just us.Dont you realize?It doesnt matter who is in the driving seat,they are politicians...THEY ALL act the same,they just talk out of different sides of their mouths,but some say please and thank you,and some just put some of your own money on the nightstand before they leave,then take credit for creating the situation that gave you the money..there ISNT any difference between the pols and THATS the problem.They feather their own nests first,then the proletariat get the remainder.

findingsolutions: (December 11, 2009 11:06am)

principle reduction on home mortgages is the only option that will stop the foreclosure mess. it might not be fair but neither was AIG giving a AAA rating to MBS's made up of sub prime borrowers/loans. true capitalism only works when the market corrects itself. self correction of this mess would mean that all the investment houses and banks should take their share of the losses which would inturn destroy our current financial economy and in turn the worlds ecomonies. so everybody either come up with some solid solutions or let the markets take their true toll/losses and everyone worldwide can hope and pray that we make it out it this mess. by the way if you hate the U.S. gov't so much you must hate yourself, remember a government by the people for the people. we have elected officials in D.C. that will not work for solutions to this countries problems because they believe gov't gets in the way, it seems to me that they hate it when the gov't helps people but its ok to help businesses.

Realist 1: (December 11, 2009 10:32am)

R2, That's why we are in the dilemma we are in. The world is largely unfair and uncivilized because people won't play by the rules and because there are people out there who write the rules or change the rules for their own selfish and greedy agendas. Just ask people like Larry Summers, Robert Rubin Phil Gramme about that. These are examples of people who changed the rules that caused the whole mess we are in.

GODLIKE: (December 11, 2009 10:05am)

Finding the box has never been the problem, realizing there was more info outside the visible portion of the box has been. Also the non standard interface on the scroll mechanism doesn't make it easy to realize there's a need to scroll or a way to scroll. The poll box has those same arrows and I've never seen them do anything so why would I think they are any different on the Links and Docs box? Gotta go work now.

WTH?: (December 11, 2009 9:57am)

Who the Hell cant find the Links and Docs box? If you cant, you shouldn't be in this industry...let alone working a computer!

realist 2: (December 11, 2009 9:53am)

those are the rules. Part of the rule book states that the rules are ever changing and no where in the rule book does it ever mention the words "fair". the sooner we come to grips with that and learn how to navigate in an ever changing world the better.

Realist 1: (December 11, 2009 9:39am)

Writing down principal for homeowners is morally wrong and unfair to the rest of us who do not own a home. So many homeowner's have benefitted with mortgage tax deductions, home equity that they tapped and spent, some even to live their homes for free for several months without making mortgage payments and they are offered principal reductions. This is just more rewarding those who do not play by the rules and screwing those who do play by the rules. I'm pissed.

What do Jerry Brown and Obama have in common?: (December 11, 2009 9:38am)

I think Jerry Brown running B of A is akin to Obama running the United States of America. Both have no experience in their respective positions and are completely unqualifed for their respective positions and would run both to the ground...oh wait Obama is in charge of the USA and he is running it into the ground..and if you did not notice he is dragging us all down too with regulation that he thinks is helping. Completely unqualified to do the job and making decisions he has no damn right to do on the political and economic front with his lack of experience outside of orgainzing some bloody community tea party for old ladies to play bingo. He should be in a court room making fantastic speeches for some big fortune 50 companies swaying the juries with his superior oratory tones and intellect!

SoCal Mortgage Broker: (December 11, 2009 9:28am)

Zfloat: You can bet that if the mini eagle goes away, the lenders that will accept you as a broker will want audited financials

disgusted: (December 11, 2009 9:16am)

To Providentclass: I don't know about Provident but First Mortgage Corp. is just as disgusting. They take months to take you up to the closing and they give you lies and excuses for not doing so. It is so upsetting for us originators and clients. How can they get away with this?

providentclass: (December 11, 2009 9:13am)

Urgent we are looking for brokers, Clients, and appraisers who have had issues with Provident Funding whether your loan was not underwritten because it was not locked, Your approved loan was withdrawn because it was not locked, and your appraisal was affected because of Provident abuse telling you or conditioning you to change the outcome of your appraisal as LenderVend is a DBA of Provident Funding. Please email [email protected] with your issues and or concerns.

Zfloat: (December 11, 2009 8:55am)

So which is it; do we or don't we have to get the annual audit completed????? HUD is so un-emphatic about it. Who want's to spend thousands for nothing. Anyone have a ruling or info on a pending ruling or mortgagee letter???

Zfloat: (December 11, 2009 8:52am)

Jerry Brown should sue Linda Ronstadt for is hair.

socal appraiser: (December 11, 2009 8:51am)

can any one explain the difference between a loan modification and when the bank forecloses and the asset management co/trustee/reo takes over the servicing of the loan? (except that the homeowner gets to keep their property/at a higher cost). What is the relationship with the lender & the trustee/asset management co? Who regulates the Asset Management Co's?

so cal appraiser: (December 11, 2009 8:46am)

SoCalApprs2 - I'm ready & willing to work with you. I suggested a Professional Peaceful Protest - several times a month - to get our message out - But we will need body count to attract attention. e/mail me at [email protected]

SoCal Mortgage Broker: (December 11, 2009 8:38am)

According to an article I read on Lender Implode, there are 50 banks that have shared loss agreements with the FDIC. The banks are making profits from foreclosures when the property is resold. The FDIC is taking half the loss on the original amount and not the resale amount. That's why they aren't doing modifications

sick of gov't: (December 11, 2009 8:37am)

i am thinking of applying to FHA for my mini-eagle (i am a broker) but before i incur the expense of an audit, license etc, i wanted to know if the mini eagle status is going to be eliminated by HUD in the near future. i have heard (rumors) that rather than getting hud's approval, the onus will be placed on the lender. is this true and if it is does anyone know an eta?

CALoanBoy99: (December 11, 2009 8:28am)

Wow! As a wholesaler which would be worse: Moonbeam running (ruining) my home state of California again or him running (ruining)the largest mortgage buying bank in the country? Gawd I wish I were ready to retire!

brian tbws: (December 11, 2009 8:28am)

so cal apprs 2. 707-330-1272 brian

providentclass: (December 11, 2009 8:22am)

Urgent we are looking for brokers, Clients, and appraisers who have had issues with Provident Funding whether you loan was not underwritten because it was not locked, Your approved loan was withdrawn because it was not locked, and your appraisal was affected because of Provident abuse telling you or conditioning you to change the outcome of your appraisal as LenderVend is a DBA of Provident Funding. Please email [email protected] with your issues and or concerns.

jrcappraiser: (December 11, 2009 8:20am)

Jerry Brown is not a banker and to have him run B Of A is insanity. Politicans cannot even run our country on a balanced budget. I am assuming that this will be the end of capitalism and going forward with the social agenda that is currently in our political climate. Taking jobs from the businesses and transferring them to the government. Government jobs cost money and do not create wealth. Building an economy from the ground up has never worked and I do not know of one person that has been hired by a poor person.

SoCalApprs2: (December 11, 2009 8:10am)

TBWS, I need to talk to you both. I have access to sources to make some noise. Let me know if this is possible.

SoCalApprs2: (December 11, 2009 8:08am)

As an appraiser the possibility of getting some movement is hard. I am working on that here in So Cal. Getting the attention of my local Representative is rather hard and slow. I don't want to get on a pity pot, but I make about a third of what I use to. I am behind in all my bills. I was fine up to May 1st. But getting away from me, I have some questions. Is this HVCC law legal? Was it formulated legally? If the answer is no to both of these questions, I have access to a large media source down here to get the exposure we need. But I don't want to call in all the troops only to find out I was wrong. Can someone answer those two questions? If this is true, I can get the proper exposure. I can get cameras in peoples faces..........!!!

moochie: (December 11, 2009 7:58am)

look out guys here comes the next wheel on the train coming off....has anyone else as a broker been cut off by an mi company yet... i have !!!!hard enough doing biz and then not being able to get mi????have a great day

CALIBROKER: (December 11, 2009 7:42am)

Frank, if you are going into real estate... why don't you do a segment on all the houses that agents have had solid offers in on and the banks refused to short sale, only to foreclose and end up selling the home for 40-150K less than what they had a solid offer at. I am 1 agent and I have logged over 1M in losses to banks by thier own choice! 1M, 1 agent. I have offers that show proof and watch them after they sell and NO ONE is attributing any media to this issue at all! How many more agents such as my self have had this same experience and how much is there logged losses to banks in 1 year? I bet that will add up!!!!

Jcollins: (December 11, 2009 7:38am)

Frank, HVCC, GO back a little and allow the LO to contact theri Appraiser. The Bank can go ahead a do a independent review. If the Value comes in different (say 5-10% or ?) Have have rebutal. If it looks like a bad appraisal/review then that appraiser is sent to the Board and must justify themselves. If the still can not then first offense fine, second Lic. revoked. This would seem to accomplish their goals and ours. We get to use our good appraisers and they get an independent appraisal,. As well as weeding out the bad appraisers and/or Reviewers. It also gives them a little more Gov. Which I am not fond of, but they seem to be. (did not sleep much so hopefully this makes some sence)

Frank Garay: (December 11, 2009 7:35am)

It's not a pipe dream. You're all out there. Get it together.

CornerstoneKathy: (December 11, 2009 7:11am)

Frank..you are so right but unified appraisers is a pipe dream..I figure a third of the appraisers dont do residential work and arent affected by HVCC, a third of the appraisers werent getting any work before and are happy to work for $150 so that leaves a third complaining..with the brokers..If there is no problem with a bank owned in part AMC then I think Bank of America should let RELS take over their appraisal department and see how long that lasts..

Moonbeam: (December 11, 2009 7:09am)

I thought you guys were not going to stick it to General Napoleon Cuomo anymore for his conquests?! How can you resist? Ha Ha!!!!!

CornerstoneKathy: (December 11, 2009 7:02am)

Let me just add that none of that stuff bothers me..just let me talk to the loan officers that I have chosen to work and allow me to run, operate and grow my business. fact is this hurdle doesnt stop what it was intended to stop..its just a hurdle and an AMC money grab

CornerstoneKathy: (December 11, 2009 6:52am)

A thought on another angle to prove that the HVCC still doesnt stop LO's from contacting the appraiser is some way..anyone else..I have gotten orders and the contact person was the LO who then gave me the borrowers number..oops "it was an accident"..the borrowers who cry the sob story and tell us what they need to get the deal done..cleary prompted by the LO..or the AMC that broadcasts the orders out to multiple appraisers and the first one gets it..I hear they call their go to people and say I am sending the order over at 10.18 on Sunday night so be ready!! Is this happening to anyone else?? People will always think of a way around this stuff so they should just enforce what was already on the books!!

Eddieinab: (December 11, 2009 6:52am)

SOOOOO, scroll down the main screen and look to my right or your right? lol

Jaded In Texas: (December 11, 2009 6:51am)

Anyone who thinks that a politician does not have hidden agendas is looking at life thru rose colored glasses. Work for free? As ESPN says, C'MON MAN!

Frank Garay: (December 11, 2009 6:50am)

Apprazer-TN... seriously? We just had Cuomo's office on the phone a couple days ago. We're trying to nail down another date to talk to them. We'll keep you posted. In the meantime, there is nothing stopping you from fighting HVCC so go for it. Somehow the appraisers need to find a unified voice within a person who IS an appraiser that represents them. That person needs to go and sit with Cuomo's office with a solution, not a bunch of gripes. In the meantime we are continuing our efforts to help. But if you don't see an update for a while that doesn't mean we've given up. There is plenty of other stuff going on out there beyond HVCC...

GODLIKE: (December 11, 2009 6:44am)

If you have to explain the scroll mechanism then obviously it's not all that intuitive and maybe you ought to look in to changing the system. How about the scroll bar like is on the blog? It's what everyone recognizes as a scroll bar. I'm just saying!

Apprazer-TN: (December 11, 2009 6:33am)

So is it me just missing the videos, or has TBWS gave up on fighting HVCC and its FHA partners since their trip to NY to speak with Mr. Cuomo's stinkin' assistant? That fight seemed to disappear after the AG's office put the who-doo on the boys. Is anyone still fighting these issues or has everyone just settled down. Last time I heard the NAMB Pres. said on this show it would be up for vote within a couple of weeks and that was at least a couple of months age. Is that over?

Eddie: (December 11, 2009 6:07am)

i used to scream about you telling us where 'down' is when referring to down below. Apparently we need the direction huh?

Joe Blow: (December 11, 2009 5:56am)

Slow news day if Jerry Brown is all you've got to talk about....

Romano$: (December 11, 2009 5:41am)

you guys are GREAT!!! I look forward to your video everyday!!

Lender / Realtor: (December 11, 2009 5:36am)

Let Jerry run it. Then we can watch a multi-billion dollar financial company be run into the ground and show how really inept a lifetime polician is at real life, responsible to my stockholders, experience. You guys are waaaay off about who AG Andrew Cuomo looking like Vince McMahhon. I resent this commentary about his looks. He looks nothing like him. IMHO, he looks a lot more like Al "Big Boy" Caprice from the Dick Tracy movie.

knotboxchecher: (December 11, 2009 5:33am)

renae- For your video, google "Jimtherealtor" for great videos that are pithy and right on target. There's a real how to example. Good luck.

Ancient Appraiser : (December 11, 2009 5:27am)

Jerry Brown pretty much wiped out the California economy and was rewarded a position as Attorney General; soon after running BofA in the ground they can make him a finance Czar. That would be like letting the Government run Health Care, after every endeavor they have attempted tanked. Or allowing Cuomo to ruin (sorry typo)run the housing financial system ! I tingle in anticipation.

rallyeman: (December 11, 2009 5:12am)

HSBC has taken its time since March 09 and has still not assigned a case manager. I dont think any of the lenders care.

bobbi lo: (December 11, 2009 4:40am)

Here Here BOA stinks This whole business has made me a size 6 ( I guess that is not so bad) There are no words for how extreme this has become. Fine , we modify but good people ( not to say the modify people are not good) cannot get a loan with great credit and pay their bills on time HVCC stinks tooooooooo

renae: (December 11, 2009 2:57am)

oh well BofA needs something. The home retention department is a mess!!!!!! taking 6-8 months to do a loan mod. now they changed their system to the old countrywide system vs the other way. They stink! customer in Navy 7 years, stage 4 breast cancer, two mastectomies and B of A still screwing around modiication for 9 months and now says file is lost. Bank of America has taken IndyMac's place on the carppiest company to work with trying to get a mod. then Chase - I am maing a u tube video of all these numbskulls and the hours I have to deal with nothing but idiots trying to get these done. I want to name names of the HRD managers, but I would be black balled myself. This whole MHA HAMP farse is the stupidest think since someone thought up 1% arms with 3 YSP and 8% caps... wait, i guess it is the same chumps who thought that crap uo.