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Entries from May 2008

Goggle is experimenting with mortgage lead generation

May 30th, 2008 · 6 Comments

goggle-is-experimenting-with-mortgage-lead-generation
goggle-is-experimenting-with-mortgage-lead-generation

At least in the UK. Google is testing a new program called Merchant Search.
“Compare providers at a glance and sort them by the criteria most important to you.”
The example listed is clearly a mortgage rates query.

I’ve always wondered why Google hasn’t ever decided to dominate the loan search arena. Add real estate search to the […]

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Tags: Mortgage_Leads

Economic Data and Its Effects on Mortgage Rates

May 30th, 2008 · 5 Comments

economic-data-and-its-effects-on-mortgage-rates
economic-data-and-its-effects-on-mortgage-rates

Cliff Pape asked me to do a post on how “inflationary expectations” for those who may not be familiar with its effects on mortgage rates both near and long term. His main concern is how it pertains to borrowers buying a mortgage today and for those hoping to refinance in two or three years, […]

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Tags: Inman · for consumers

If Knowledge Is Power, We’re Screwed

May 29th, 2008 · 19 Comments

if-knowledge-is-power-were-screwed
if-knowledge-is-power-were-screwed

I have been scouring the web for mortgage statistics and am coming up pretty empty. While anecdotal evidence of the causes of the mortgage debacle abound, hard facts are hard to find. For example, I tried to find data that would show that stated income borrowers were more likely to default than others. […]

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Tags: Inman

The Best Way to Track Blog Conversations

May 29th, 2008 · 2 Comments

the-best-way-to-track-blog-conversations
the-best-way-to-track-blog-conversations

If you read blogs, you probably engage in blog conversations by commenting. There are three ways that I know of to stay up with Internet conversations. First, you can revisit the website, which is cumbersome, of course. Next, you can usually click a box that allows you to subscribe to the thread. The major downside […]

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Tags: Marketing

Back to the Future for Mortgage Banking?

May 28th, 2008 · 7 Comments

back-to-the-future-for-mortgage-banking
back-to-the-future-for-mortgage-banking

The general consensus regarding mortgage banking is that we allowed things to get too easy. The process became so streamlined that verification went by the wayside, that fogging a mirror could get you approved for a loan, and that property was assumed to be worth whatever someone was willing to pay for it. Oops.
Enter the […]

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Tags: Inman

Something Adam Smith Taught Me

May 27th, 2008 · 2 Comments

something-adam-smith-taught-me
something-adam-smith-taught-me

I’m embarrassed to say that I never finished Wealth of Nations by Adam Smith. I did make it much of the way through, however, and Mr. Smith taught me an important lesson about efficiency. Making a wagon, for example, is far less efficient if you construct it from start to finish in the traditional craftsman […]

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Tags: Uncategorized

Mortgage Market Update

May 27th, 2008 · 9 Comments

mortgage-market-update
mortgage-market-update

I hope everyone had a great extended weekend and kept the thoughts of those who have fought and those who continue to fight for our freedom on your hearts yesterday. Now, down to business. If I had to sum up last week’s main movement into one word, it would have to be “inflation”.
There […]

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Tags: Inman · Mortgage Market Update