Homes And Condos

Developing Realtor Business
Successful originators develop productive relationships with real estate brokers or agents by first becoming educated about them. The Internet holds a plethora of information about most Realtors. The National Association of Realtors said the median income last year for agents was $34,600.

Fha Activity Jumps
The average 30-year fixed rate mortgage was 6.15 percent, according to Freddie Mac’s latest mortgage survey announced Thursday. The average was slightly lower than the previous week. Fha applications led a small increase in overall activity, the Mortgage Bankers Association reported.

Lead Generation Scrutinized
A new 19-page report from Rbc Capital Markets Corp. examines questionable lead generation tactics. One marginal tactic is the use of the word “free” when no free offer really exists. Another questionable practice is the collection of personal data without warning prospective borrowers their data will be sold.

It is not likely that a given agent is going to be able to preview every home for sale all over town because in a large city, this may involve visiting hundreds of homes as opposed to a relative handful in a given neighborhood or part of town.

It is best to arrive at the closing agent or attorney’s office early, in case you are delayed in any way.

Delinquent Borrowers Sought
Shearson Financial Network Inc. has expanded a California facility to handle borrowers with delinquent mortgages, according to an announcement Thursday. The company said it is currently working with warehouse lenders and small mortgage banks to resolve their problem loans. Shearson claims to have already refinanced nearly $100 million in nonperforming loans during the past six months.

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