MortgageOnlineBlog.Com

Experience as a Mortgage Lender on Twitter
by Owen Raun
 
I have had a twitter account since summer 08.  Really have not been playing on it too much until recently.  I am still trying to figure it out but here are some things I have noticed and some suggestions
Learned:
A lot of people tweet way too much
I get […]

[Read more →]

FHA Lending Stats
by Owen Raun
These stats from Inside FHA Lending
1 - 4th quarter 08 FHA volume made up 30% of mortgage originations.  More than 5 times is level 4th Q 07.
2 - FHA Market Share for all 08 was 17%; previous market share high was in 1994 at 11.9%
3 - Texas based lenders (that I […]

[Read more →]

by Owen Raun
I Was trying to come up with a focused blog but seem to keep bouncing as I write this.  So here are some things I have noticed that affect some/all of us in mortgage lending:
1 - Big Lenders have staffed up with qualified people and are really providing great service to their correspondents
2 […]

[Read more →]

Our Chief Financial Officer, Matt Kiker recently attended the MBA Secondary Marketing Conference in Boston.  Below are his notes on a variety of subjects from the economy to secondary marketing and as well as the current challenges in our industry.
For the past three and a half days, I have been in Boston at the annual […]

[Read more →]

Once you get 3 or more people telling you how excited they are about something new I have to try it out. Twitter is just that “something new”. On this podcast Bill Rice gives us the who, what, when, where and why on using Twitter. Follow us on Twitter! Bill also […]

[Read more →]

As of this morning, RMC Vanguard Loan Officers have quoted 855 of the over 10,000 consumer loan requests on Zillow’s Mortgage Marketplace.  Of those quoted we have had contact with 3.27%. 
So, here is the good, bad and ugly and other suggestions:.
Good:
Lots of consumers are interested in receiving mortgage information
Bad:
They don’t seem to be quite as […]

[Read more →]

I recently interviewed Jamie McDonald, CEO, and Ed Powell, VP Sales, co-founders of Sparkroom.Jamie and Ed discuss Sparkroom’s data analytics product and how it can benefit lenders in their lead buying decisions. Sparkroom rolled out in Dec 07 and currently has 4 lenders utilizing their system. Jamie’s background includes performance marketing work at […]

[Read more →]

Since the official launch of the Zillow Mortgage Marketplace our experience can still be best described as “positive.”  It’s an interesting “venue” for Lenders and Consumers to meet in a what amounts to  a  stress free environment.  To this point the Lender community seems to be policing itself fairly well.  While we have seen a […]

[Read more →]

Whatever you did this weekend probably didn’t match the Federal Reserve Board of Governors: announced two initiatives designed to bolster market liquidity and promote orderly market functioning, and approved the JP Morgan – Bear Stearns deal. First, they authorized the Federal Reserve Bank of New York to create a lending facility to improve the ability […]

[Read more →]

Want to know which MSA’s will be “in the money” on the new limits?  I went to the NAR site – they have a listing of median sales prices for single family homes at http://www.realtor.org/Research.nsf/Pages/MetroPrice.  I pulled the excel spreadsheet and took the values for 4th quarter 2007.  I took that value and multiplied by […]

[Read more →]