Homes And Condos

It is a fact that advertising especially using a 800# call capture systems with a compelling ad will draw buyer prospects for your agents’ team to work with.

New homes enjoy a marketing edge over resale homes because they are shiny and clean.

Rates Rising
The average 30-year fixed-rate climbed 0.1 percent from the prior week to 6.1 percent in Freddie Mac’s lates rate survey. The 6-month London Interbank Offered Rate rose 5 basis, Bankrate.com said. Freddie’s chief economist attributed the upward movement to market concerns that the Federal Reserve may increase the federal funds rate to stave off inflation.

Best Home Equity Lenders
Overall customer satisfaction with the origination process for home-equity lines-of-credit and home-equity loans has increased from last year, J.D. Power and Associates reported. The company surveyed borrowers to measure satisfaction based on the application and approval process, closing, originator and problem resolution. Borrowers who recently closed a HELOC with Bank of America were most satisfied.

Branch Operation Struggling to Survive
Vanguard Mortgage & Title Inc., which had been unable to fund new loans after being put into a net funding situation due to its failure to pay interest on its lines-of-credit, will now get funding from Taylor, Bean & Whitaker Mortgage Corp. Loans that already have closed loans will receive funding under the old warehouse line-of-credit, but Vanguard will have to rely on table funding for all new loans, MortgageDaily.com was told by the new chief executive officer. Vanguard is still trying to pay division office expenses for which it is responsible as well as cover past due payables owed to its vendors, he said, but declined to say how much was owed to Taylor Bean, vendors and office managers.

New FHA Forms
HUD-92900-LT, FHA Loan Underwriting and Transmittal Summary, has been released, according to a mortgagee letter. The new form replaces both mortgage credit analysis worksheets, HUD-92900-PUR and HUD-92900-WS, HUD said. In addition, form HUD-92900-A, Addendum to Uniform Residential Loan Application, has been updated.

Best Mortgage Web Sites
Keynote Systems Inc. completed its Q2 2008 Mortgage Scorecard. The bi-annual study measured the customer experience on leading mortgage Web sites. E-LOAN ranked highest overall in the study, the lead researcher for Keynote told MortgageDaily.com. No. 2 was Wells Fargo Home Mortgage.

Popularity: unranked [?]