Mortgage Training Institute

http://mtiservices.wordpress.com/2009/05/26/increase-your-market-reach-for-free/

Developing Your Business – Tip No. 4 – The Government offering No Down purchases?

In the midst of a collapse in the mortgage and financial markets and a tightening of credit underwriting guidelines, is it possible a true No Down Payment opportunity still exists, and is one you can actually get closed? As far fetched as it may sound, the answer is a resounding – yes, maybe! The American Recovery and Reinvestment [...]

http://mtiservices.wordpress.com/2009/03/16/developing-your-business-tip-no-4-the-government-offering-no-down-purchases/

Developing Your Business – Tip No. 3

Have you ever thought about your business hours? Not your company’s hours of operations, your business hours. Are you a 9 to 5 type? Or do you put in 70 – 80 hours a week? How would you define your hours of operation to your customers? Too often the mortgage industry is seen as open during [...]

http://mtiservices.wordpress.com/2009/03/11/developing-your-business-tip-no-3/

The recession is ruining your business!

Turn on you local news, pick up a newspaper, read any blog or even listen to President Obama, the economy is in a serious recession and your business is likely to decline and possibly fail. Prepare yourself, cut your expenses, trim your staff and pray you can make it.

http://mtiservices.wordpress.com/2009/03/06/the-recession-is-ruining-your-business/

Developing Your Business – Tip No. 2

Today’s economy may provide your customers wealth building opportunities they may never have considered in the past. With traditional investment sources, such as the stock market, falling to 15 year lows, many consumers should consider moving their money to “Their Own Bank.” No not the bank down the street, but rather they should become their [...]

http://mtiservices.wordpress.com/2009/03/04/developing-your-business-tip-no-2/

Developing Your Business – Announcement

With our current economic times, we as consumers and business owners must become creative in our decision making. MTI has recently begun a blog series designed to provide sales tips for the residential mortgage finance industry, and ideas these professionals may use to benefit their clientele. Each week a tip or idea will be posted, [...]

http://mtiservices.wordpress.com/2009/03/04/developing-your-business-announcement/

Developing Your Business: Tip No. 1

If someone were to ask you to define your business in one statement, what would it be? Would you say something about your products or services? Would you say something about your service to the community or specialization in a particular area of town? Allow me to suggest a statement: “Everyone of an adult age I [...]

http://mtiservices.wordpress.com/2009/02/23/developing-your-business-tip-no-1/

The Future of E-Learning

As we progress further and further into the 21st century we find ourselves engulfed in technology. Technology not only advances our society, it has changed our perception of the world. Think back as a young adult, around 16 to 18 years of age. You just got word that “Bon Jovi” was gearing up for a new [...]

http://mtiservices.wordpress.com/2009/02/18/the-future-of-e-learning/

Mortgage Business After the 2009 Economic Stimulus Package

President Obama signed the American Recovery and Reinvestment Act of 2009 into law. So what does that mean for your mortgage business? Whether you’re in favor of the package or not, one thing is certain, the American public knows nothing about this $787 billion dollar debt. The average American knows our economy is in trouble, [...]

http://mtiservices.wordpress.com/2009/02/17/mortgage-business-after-the-2009-economic-stimulus-package/

Bankrate.com: Mortgage Matters Blog Headlines

Rates dip; should you lock?

The advice is to lock your mortgage rate on the dips, and yesterday, we had a dip.

http://www.bankrate.com/brm/story_content.asp?story_uid=28561&prodtype=mtg

Rates up a bit; more HVCC explanation

Just because mortgage brokers don't like it, doesn't mean the HVCC is a good thing.

http://www.bankrate.com/brm/story_content.asp?story_uid=28562&prodtype=mtg

Rates could be volatile today

The Fed meets today, and rates could be volatile after it's scheduled announcement at 2pm.

http://www.bankrate.com/brm/story_content.asp?story_uid=28463&prodtype=mtg

HVCC drives industry crazy

Why a legal settlement disturbs mortgage brokers, appraisers, Realtors, buyers and sellers.

http://www.bankrate.com/brm/story_content.asp?story_uid=28462&prodtype=mtg

Refi for more than 105%?

The regulator who oversees Fannie Mae and Freddie Mac is considering allowing refinances for "significantly" more than 105 percent of the home's value under the Making Home Affordable plan.

http://www.bankrate.com/brm/story_content.asp?story_uid=28442&prodtype=mtg

HUD Press Releases

HUD Secretary Donovan announces expanded eligibility for Making Home Affordable Refinancing

WASHINGTON - U.S. Housing and Urban Development Secretary Shaun Donovan today announced an expansion of the Obama Administration's Home Affordable Refinance Program to include participation by borrowers who are current but up to 125 percent underwater on their mortgage. Under authorization provided by the Federal Housing Finance Agency, borrowers whose mortgages are currently owned or guaranteed by Fannie Mae and Freddie Mac will now be allowed to refinance those loans according to the terms of the Home Affordable Refinance program established earlier this year.

http://www.hud.gov/news/release.cfm?content=pr09-104.cfm

Secretary Donovan awards over $1 billion in Recovery Act Funds to jump-start affordable housing construction in 26 states

WASHINGTON - U.S. Housing and Urban Development Secretary Shaun Donovan today announced that HUD is approving plans submitted by state housing finance agencies for $1,035,322,485to jump start affordable housing programs in states throughout the countrythat are currently stalled due to the economic recession. Funded through American Recovery and Reinvestment Act of 2009 (Recovery Act), HUD's new Tax Credit Assistance Program (TCAP)will allow 26 state housing finance agencies to resume funding of affordable rental housing projects across the nation while stimulating employment in the hard-hit construction trades.

http://www.hud.gov/news/release.cfm?content=pr09-103.cfm

Marquez confirmed as HUD Assistant Secretary

WASHINGTON - Mercedes Marquez was unanimously confirmed as an Assistant Secretary at the U.S. Department of Housing and Urban Development. As the former general manager of the City of Los Angeles Housing Department (LAHD), Marquez will lead HUD's Office of Community Planning and Development which administers nearly $8 billion in programs designed to stimulate community development, affordable housing, as well as a variety of special needs assistance programs.

http://www.hud.gov/news/release.cfm?content=pr09-102.cfm

HUD Secretary announces disaster assistance for Kansas storm victims

WASHINGTON - U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to 28 storm-ravaged counties in Kansas and provide support to homeowners and low-income renters forced from their homes due to severe storms, flooding, straight-line winds, and tornadoes.

http://www.hud.gov/news/release.cfm?content=pr09-101.cfm

HUD Secretary Donovan encourages communities, developers to build energy-efficient, affordable housing

WASHINGTON - U.S. Housing and Urban Development Secretary Shaun Donovan today encouraged a gathering of public housing officials, energy experts, developers and architects to continue exploring innovative practices to build energy-efficient, affordable housing and communities through HUD's HOPE VI Revitalization program.

http://www.hud.gov/news/release.cfm?content=pr09-100.cfm

HUD Secretary announces disater assistance for Missouri storm victims

WASHINGTON - U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to 46 storm-ravaged counties in Missouri and provide support to homeowners and low-income renters forced from their homes following last month's severe storms, flooding, and tornadoes.

http://www.hud.gov/news/release.cfm?content=pr09-097.cfm

HUD Secretary announces assistance for Oklahoma wildfire victims

WASHINGTON - U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to nine counties in Oklahoma and provide support to homeowners and low-income renters forced from their homes following this spring's wildfires.

http://www.hud.gov/news/release.cfm?content=pr09-096.cfm

HUD to offer housing assistance to 4,000 Americans with disabilities

WASHINGTON - The U.S. Department of Housing and Urban Development today joined President Obama's commemoration of the tenth anniversary of the Supreme Court's Olmstead decision by announcing that it will offer rental assistance to 4,000 non-elderly families with disabilities, including 1,000 vouchers specifically targeted to those transitioning out of nursing homes and other care facilities. Through its funding notice, HUD is seeking comment from public housing authorities and others to ensure this critically needed assistance is distributed and administered in the most effective manner possible.

http://www.hud.gov/news/release.cfm?content=pr09-095.cfm

Sandra Henriquez sworn in as Assistant Secretary for HUD's Office of Public and Indian Housing

WASHINGTON - Sandra Brooks Henriquez was sworn in today as the Assistant Secretary for the Office of Public and Indian Housing (PIH) at the U.S. Department of Housing and Urban Development. Henriquez will oversee the nation's public housing and rental assistance programs that assist approximately 3.2 million low-income families across the U.S. She will also be responsible for HUD's Native American and Native Hawaiian programs, which serves 562 federally recognized tribes.

http://www.hud.gov/news/release.cfm?content=pr09-093.cfm

HUD offers $4 million for Healthy Homes research

WASHINGTON - The U.S. Department of Housing and Urban Development today announced that $4 million is available to improve methods to detect and control lead-based paint, mold and other housing-related safety hazards that harm children. These grants will be awarded competitively to multiple Academic and non-profit institutions, State, Tribal or local governments that advance the recognition and control of residential health and safety hazards or improve our understanding of the link between housing and health.

http://www.hud.gov/news/release.cfm?content=pr09-094.cfm

Secretaries Shinseki and Donovan host first meeting of the U.S. Interagency Council on homelessness under the Obama Administration

WASHINGTON - The United States Interagency Council on Homelessness (USICH) met today for the first time under the Obama Administration. U.S. Secretary of Veterans Affairs Eric K. Shinseki chaired the meeting, at which U.S. Housing and Urban Development Secretary Shaun Donovan was elected rotating Chair for the upcoming year and U.S. Labor Secretary Hilda Solis was elected Vice Chair. U.S. Health and Human Services Secretary Kathleen Sebelius and Melody Barnes, Director of the White House Domestic Policy Council, attended the meeting.

http://www.hud.gov/news/release.cfm?content=pr09-092.cfm

HUD secretary announces disaster assistance for Arkansas storm victims

WASHINGTON - U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to 37 storm-ravaged counties in Arkansas and provide support to homeowners and low-income renters forced from their homes due to ongoing severe storms and flooding.

http://www.hud.gov/news/release.cfm?content=pr09-091.cfm

HUD secretary announces disaster assistance for South Dakota storm victims

WASHINGTON - U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to 14 storm-ravaged counties in South Dakota and provide support to homeowners and low-income renters forced from their homes due to ongoing severe storms and flooding.

http://www.hud.gov/news/release.cfm?content=pr09-090.cfm

Mortgage News | Quicken Loans

Quicken Loans Capital Markets Update – Treasuries and Mortgage Securities React to Job Market News

Treasuries and mortgage securities rallied this morning in reaction to worse-than-expected jobless rate news.<a href="https://www.quickenloans.com/mortgage-news/quicken-loans-capital-markets-update-treasuries-and-mortgage-securities-react-to-job-market-news-5633">Read More</a><img src="http://feeds.feedburner.com/~r/mortgage-news/~4/LMChGrcjg1w" height="1" width="1"/>

http://feeds.quickenloans.com/~r/mortgage-news/~3/LMChGrcjg1w/quicken-loans-capital-markets-update-treasuries-and-mortgage-securities-react-to-job-market-news-5633

Quicken Loans Capital Markets Update – Pending Home Sales Show Slight Gain

Pending Home Sales report indicates that exisiting home sales show a slight increase month over month, following increases from the past three months – a hopeful indicator that the housing slump is beginning to bottom out.<a href="https://www.quickenloans.com/mortgage-news/quicken-loans-capital-markets-update-pending-home-sales-show-slight-gain-5630">Read More</a><img src="http://feeds.feedburner.com/~r/mortgage-news/~4/tLHkczXRnYE" height="1" width="1"/>

http://feeds.quickenloans.com/~r/mortgage-news/~3/tLHkczXRnYE/quicken-loans-capital-markets-update-pending-home-sales-show-slight-gain-5630

Despite Mortgage Rates Near Historic Lows, Mortgage Applications Decrease 18.9 Percent

Last week, the number of Americans applying for mortgages decreased 18.9% when compared to the week prior, according to a report released today by the Mortgage Bankers Association (MBA).<a href="https://www.quickenloans.com/mortgage-news/despite-mortgage-rates-near-historic-lows-mortgage-applications-decrease-18.9-percent-5631">Read More</a><img src="http://feeds.feedburner.com/~r/mortgage-news/~4/sshx9dH0XoU" height="1" width="1"/>

http://feeds.quickenloans.com/~r/mortgage-news/~3/sshx9dH0XoU/despite-mortgage-rates-near-historic-lows-mortgage-applications-decrease-18.9-percent-5631

Quicken Loans Capital Markets Update – Case/Shiller Index Signals Home Price Declines Abating

Home price declines (as reported by the Case/Shiller index) fell at a slower pace than forecast, signaling the plunge in home prices is abating.<a href="https://www.quickenloans.com/mortgage-news/quicken-loans-capital-markets-update-case-shiller-index-signals-home-price-declines-abating-5629">Read More</a><img src="http://feeds.feedburner.com/~r/mortgage-news/~4/IOyHFHjflqM" height="1" width="1"/>

http://feeds.quickenloans.com/~r/mortgage-news/~3/IOyHFHjflqM/quicken-loans-capital-markets-update-case-shiller-index-signals-home-price-declines-abating-5629

Quicken Loans Capital Markets Update – Shortened Holiday Week Puts Focus on Economic Reports

On this shortened holiday week, the markets will focus primarily on economic reports, interest rates and the almighty dollar.<a href="https://www.quickenloans.com/mortgage-news/quicken-loans-capital-markets-update-shortened-holiday-week-puts-focus-on-economic-reports-5628">Read More</a><img src="http://feeds.feedburner.com/~r/mortgage-news/~4/656qvmBoKFg" height="1" width="1"/>

http://feeds.quickenloans.com/~r/mortgage-news/~3/656qvmBoKFg/quicken-loans-capital-markets-update-shortened-holiday-week-puts-focus-on-economic-reports-5628

Quicken Loans Capital Markets Update – Investors Disappointed by Fed’s Failure to Extend Treasury and MBS Buying

Investors seem universally disappointed by the Fed’s failure to extend its Treasury and MBS buying. The Dow and Treasuries traded lower following the release of the FOMC policy statment.<a href="https://www.quickenloans.com/mortgage-news/quicken-loans-capital-markets-update-investors-disappointed-by-feds-failure-to-extend-treasury-and-mbs-buying-5627">Read More</a><img src="http://feeds.feedburner.com/~r/mortgage-news/~4/Fp-YG4RGepI" height="1" width="1"/>

http://feeds.quickenloans.com/~r/mortgage-news/~3/Fp-YG4RGepI/quicken-loans-capital-markets-update-investors-disappointed-by-feds-failure-to-extend-treasury-and-mbs-buying-5627

Quicken Loans Capital Markets Update – Treasury Prices Lower Again This Morning Ahead of T-Note Auction

Treasury prices are lower this morning, ahead of today’s $40 billion, two-year T-Note auction.<a href="https://www.quickenloans.com/mortgage-news/quicken-loans-capital-markets-update-treasury-prices-lower-again-this-morning-ahead-of-t-note-auction-5625">Read More</a><img src="http://feeds.feedburner.com/~r/mortgage-news/~4/J2GEJHjdUZo" height="1" width="1"/>

http://feeds.quickenloans.com/~r/mortgage-news/~3/J2GEJHjdUZo/quicken-loans-capital-markets-update-treasury-prices-lower-again-this-morning-ahead-of-t-note-auction-5625

New Home Sales Dip in Latest Report

The U.S. Census Bureau, along with the Department of Housing and Urban Development, today announced that sales of new, single-family homes fell 0.6% in May when compared with the month prior.<a href="https://www.quickenloans.com/mortgage-news/new-home-sales-dip-in-latest-report-5626">Read More</a><img src="http://feeds.feedburner.com/~r/mortgage-news/~4/WKjH9M-WCaw" height="1" width="1"/>

http://feeds.quickenloans.com/~r/mortgage-news/~3/WKjH9M-WCaw/new-home-sales-dip-in-latest-report-5626

Quicken Loans Capital Markets Update – Treasury Prices Lower This Morning

Treasury prices are lower this morning, ahead of today’s $40 billion, two-year T-Note auction.<a href="https://www.quickenloans.com/mortgage-news/quicken-loans-capital-markets-update-treasury-prices-lower-this-morning-5623">Read More</a><img src="http://feeds.feedburner.com/~r/mortgage-news/~4/2D1LhATatRs" height="1" width="1"/>

http://feeds.quickenloans.com/~r/mortgage-news/~3/2D1LhATatRs/quicken-loans-capital-markets-update-treasury-prices-lower-this-morning-5623

Has the Housing Market Hit the Bottom? Existing Home Sales Have First Back-to-Back Monthly Gain Since September 2005

The National Association of Realtors announced today that existing home sales in May increased 2.4% as compared to April 2009. While home sales were up, the inventory of unsold homes fell 3.5%t to 3.80 million units, representing a 9.6 month supply.<a href="https://www.quickenloans.com/mortgage-news/has-the-housing-market-hit-the-bottom-existing-home-sales-have-first-back-to-back-monthly-gain-since-september-2005-5624">Read More</a><img src="http://feeds.feedburner.com/~r/mortgage-news/~4/jnyCIMYEKBA" height="1" width="1"/>

http://feeds.quickenloans.com/~r/mortgage-news/~3/jnyCIMYEKBA/has-the-housing-market-hit-the-bottom-existing-home-sales-have-first-back-to-back-monthly-gain-since-september-2005-5624

Daily Mortgage Update by Interest.com

1. Take advantage of every tax break

http://mortgages.interest.com/content/trends/article.asp?ID=2009126112122CAUFAVCHZYSLZKQXOXQSFZYVECOZLO

2. Save money with the right gas

http://mortgages.interest.com/content/trends/article.asp?ID=2009126111423JHBMHCJOGFZSGRXEVEXZMGFCLJVGSV

3. Mortgage rates fell this week -- and should level off -- after the Fed stopped pushing rates up

http://mortgages.interest.com/content/trends/article.asp?ID=2006892350LJDOJELQIHBUITZGXGZBOIHENLXIUX

4. Mortgage rates fell this week -- and should level off -- after the Fed stopped pushing rates up

http://mortgages.interest.com/content/trends/article.asp?ID=20068923114IFAKFBHNEEXREPWDUCVXKEDAJITEQT

MTI Blog

Bankrate.com: Mortgage Matters Blog Headlines

HUD Press Releases

Mortgage News | Quicken Loans

Daily Mortgage Update by Interest.com