History of IRS Form 1040 A reader of my emails, Jonathan Hubbell, was generous enough to send me a most interesting form. He is a Broker Associate at First Team Real Estate in Mission Viejo. The form was the very first IRS Form 1040. He properly corrected a statement that I had made that Income […]
WHERE AM I TODAY?
John Hancock Tower I posted this photo on Facebook a few days ago, and many people knew the answer. In front of a green screen, but it was on the 94th Floor of the John Hancock Tower on Michigan Blvd in Chicago, Chi-Town, Windy City, the toddling town, etc. Michigan Avenue The Magnificent Mile on […]
FINANCIAL ASSESSMENT FOR RM’S IS WORKING
Acquiring Date In its fifth year, FHA’s policy of requiring the financial assessment of the borrower’s ability to pay has cut tax and insurance defaults by over three quarters and serious defaults by over two-thirds. This article by New View Advisors quotes Ginnie Mae data, they state, “We grade Financial Assessment’s performance as a solid […]
TODAY AT 23312 MADERO, MV
Go Raptors I just got my new Toronto Raptor shirt – Go Kawhi Leonard #2. I have been supporting so many teams that never win, I figured that I would support Toronto. #2 being from Inland Empire and an Aztec made it easy. But I loved Fred VanVleet’s final games. Wichita State Shocker, listed at […]
WE GET COMMENTS
Class Feedback This comment was posted on Facebook after our July 19th MLO seminar at OCAR. “You and your group really killed it today. I have been attending your MLO seminars for the last ten years and yesterday was the best and the funniest ever. Thank you.” Now that is just nice. Thank you to […]
HAVE YOU BEEN GHOSTED AT WORK?
Don’t get Ghosted The sub-title of this article is: “How to ensure new hires show up and job candidates don’t suddenly vanish.” We had a couple customer service people move away, one had a baby, so we were in hiring mode. Ghosting has happened to us, and we are nice people. Play by Play Candidates […]
IRS LIENS; INTERESTING
Trustee Sale Foreclosures In my recent MLO classes I asked some questions about Trustee Sale Foreclosures. Even with experienced real estate agents and mortgage loan originators, there is confusion on some items. One is: “What happens when there is an IRS lien on a property and there is a Trustee Sale?” The IRS lien will […]
LENDER IS GOING TO PRISON
Sentencing Finally saw an article where a mortgage executive was sentenced to a jail term for bank fraud during the financial crisis chaos. Michael Ashley’s company, Lend America, imploded to the tune of $49M in losses in 2009. His sentence: 3 years in prison, $49M in restitution, and a forfeiture of $800,000.00. The judge did […]
Now Is A Great Time To Get A Broker’s License
Why, You Ask? One Major Reason: Test grades: Three years ago, the passing rate for Broker’s exam was 39%Two years ago, the passing rate was 41%Fiscal year to date, the passing rate is 56%For the math majors this is an improvement of 44% DGE Guarantees That You Will Pass Or Your Fees For Our Crash […]
Short Commercial For Duane Gomer Education
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