Comments on: Yield Spread Premiums. Definition, Disclosure and Depth http://thexbroker.com/2006/11/09/the-morgage-industrys-internal-civil-war/ Radical Transparency for The Real Estate and Mortgage Industrys Thu, 28 Aug 2008 19:11:53 +0000 http://wordpress.org/?v=2.3.3 By: The XBroker http://thexbroker.com/2006/11/09/the-morgage-industrys-internal-civil-war/#comment-300 The XBroker Tue, 03 Apr 2007 21:12:38 +0000 http://thexbroker.com/2006/11/09/the-morgage-industrys-internal-civil-war/#comment-300 If you were selling corn, then you could price it how you wish...but as a mortgage professional you can't. YSP is an option for borrowers as a means to finance their closing costs, period...as a mortgage professional you should know this. Disclose your fee like a CPA, professional et. al. and justify it. Do your part to turn this industry front and center.... If you were selling corn, then you could price it how you wish…but as a mortgage professional you can’t.

YSP is an option for borrowers as a means to finance their closing costs, period…as a mortgage professional you should know this.

Disclose your fee like a CPA, professional et. al. and justify it. Do your part to turn this industry front and center….

]]> By: LoanDUDE http://thexbroker.com/2006/11/09/the-morgage-industrys-internal-civil-war/#comment-301 LoanDUDE Tue, 03 Apr 2007 13:26:45 +0000 http://thexbroker.com/2006/11/09/the-morgage-industrys-internal-civil-war/#comment-301 U R all crazy! Mortgage Banking is a business...when you go into a grocery store do you see what the wholesale cost of the canned corn is that you buy? Ohhh or you buy your kids clothes at the GAP, does it say you pay $98, we paid $3. YSP to me is our own business, points and fees charged is the consumers business. This business is getting so crazy, we are profssionals and quite frankly we are NOT treated as professionals. There is a need to certify and license nationally and pay us like professionals, I do not work people for FREE. Pay me hourly like you pay your CPA, Financial Advisor or Attorney. This is the biggest purchase in life that we make, our home and the largest amount of money loaned. This business is run back assward. U R all crazy! Mortgage Banking is a business…when you go into a grocery store do you see what the wholesale cost of the canned corn is that you buy? Ohhh or you buy your kids clothes at the GAP, does it say you pay $98, we paid $3. YSP to me is our own business, points and fees charged is the consumers business. This business is getting so crazy, we are profssionals and quite frankly we are NOT treated as professionals. There is a need to certify and license nationally and pay us like professionals, I do not work people for FREE. Pay me hourly like you pay your CPA, Financial Advisor or Attorney. This is the biggest purchase in life that we make, our home and the largest amount of money loaned. This business is run back assward.

]]> By: The Mortgage Cartel and the Need for Transparent Search at The XBroker http://thexbroker.com/2006/11/09/the-morgage-industrys-internal-civil-war/#comment-302 The Mortgage Cartel and the Need for Transparent Search at The XBroker Sat, 31 Mar 2007 00:57:59 +0000 http://thexbroker.com/2006/11/09/the-morgage-industrys-internal-civil-war/#comment-302 [...] Transpareny in the Mortgage Service Industries The Mortgage Industry’s internal Civil War [...] […] Transpareny in the Mortgage Service Industries The Mortgage Industry’s internal Civil War […]

]]> By: Truth In Lending Services, LLC » Blog Archive » The new civil war…and it’s getting ugly! http://thexbroker.com/2006/11/09/the-morgage-industrys-internal-civil-war/#comment-294 Truth In Lending Services, LLC » Blog Archive » The new civil war…and it’s getting ugly! Wed, 15 Nov 2006 20:32:46 +0000 http://thexbroker.com/2006/11/09/the-morgage-industrys-internal-civil-war/#comment-294 [...] The new civil war…and it’s getting ugly! As you probably are aware by now I'm a huge proponent of mortgage industry transparency.  That is the sole purpose for my company's existence.  Recently, another favorite blogger in the industry wrote a compelling blog on his xbroker.com site about what is happening internally in the mortgage business.  His blog titled "The Mortgage Industry's Internal Civil War" spells out in great detail what is happening, and the comments section is a telling review of the disparate views from within.  It's a great read, in particular the comments.  Those alone should make clear the need for the service I provide as well as the services provided by other such as the XBroker. [...] […] The new civil war…and it’s getting ugly! As you probably are aware by now I’m a huge proponent of mortgage industry transparency.  That is the sole purpose for my company’s existence.  Recently, another favorite blogger in the industry wrote a compelling blog on his xbroker.com site about what is happening internally in the mortgage business.  His blog titled "The Mortgage Industry’s Internal Civil War" spells out in great detail what is happening, and the comments section is a telling review of the disparate views from within.  It’s a great read, in particular the comments.  Those alone should make clear the need for the service I provide as well as the services provided by other such as the XBroker. […]

]]> By: The XBroker http://thexbroker.com/2006/11/09/the-morgage-industrys-internal-civil-war/#comment-293 The XBroker Wed, 15 Nov 2006 20:19:08 +0000 http://thexbroker.com/2006/11/09/the-morgage-industrys-internal-civil-war/#comment-293 :) :)

]]> By: Kevin Ward http://thexbroker.com/2006/11/09/the-morgage-industrys-internal-civil-war/#comment-292 Kevin Ward Wed, 15 Nov 2006 17:35:16 +0000 http://thexbroker.com/2006/11/09/the-morgage-industrys-internal-civil-war/#comment-292 POW!...BAM!...SMASH!...CRUNCH! Well said. As a third party consultant and negotiation specialist for the consumer I tackle these issues daily. Getting brokers to disclose YSP up front and then negotiating/manipulating it and their fees(junk) to the borrowers benefit is what I do. I'm here to tell you they are a feisty and stubborn bunch...but with folks such as yourself in the mix, they will ultimately have to assimilate or die! POW!…BAM!…SMASH!…CRUNCH!

Well said. As a third party consultant and negotiation specialist for the consumer I tackle these issues daily. Getting brokers to disclose YSP up front and then negotiating/manipulating it and their fees(junk) to the borrowers benefit is what I do. I’m here to tell you they are a feisty and stubborn bunch…but with folks such as yourself in the mix, they will ultimately have to assimilate or die!

]]> By: The XBroker http://thexbroker.com/2006/11/09/the-morgage-industrys-internal-civil-war/#comment-291 The XBroker Mon, 13 Nov 2006 16:50:18 +0000 http://thexbroker.com/2006/11/09/the-morgage-industrys-internal-civil-war/#comment-291 http://activerain.com/blogsview/20241/A-Real-Rain-Maker My Follow Up Post, it case you couldn't find it.... 11/13/2006 by Jeff Corbett http://activerain.com/blogsview/20241/A-Real-Rain-Maker

My Follow Up Post, it case you couldn’t find it….

11/13/2006 by Jeff Corbett

]]> By: The XBroker http://thexbroker.com/2006/11/09/the-morgage-industrys-internal-civil-war/#comment-290 The XBroker Mon, 13 Nov 2006 16:49:59 +0000 http://thexbroker.com/2006/11/09/the-morgage-industrys-internal-civil-war/#comment-290 You give me too much credit. It is you, the cynic, who deserves the applause. Don't credit me for lowering yourself, you swipe from the gallows trying to knock me down...never once addressing the issue at hand...The disclosures of YSP, what their intent and purpose is. Finally, sorry if I ripped your meal ticket...you can still use it, you just can't be a pig about it anymore. There is no forgiveness for contempt or envy, or sloth, or greed, or gluttony...at least you will be where your friends are, Ron.... 11/13/2006 by Jeff Corbett You give me too much credit.

It is you, the cynic, who deserves the applause.

Don’t credit me for lowering yourself, you swipe from the gallows trying to knock me down…never once addressing the issue at hand…The disclosures of YSP, what their intent and purpose is.

Finally, sorry if I ripped your meal ticket…you can still use it, you just can’t be a pig about it anymore.

There is no forgiveness for contempt or envy, or sloth, or greed, or gluttony…at least you will be where your friends are, Ron….

11/13/2006 by Jeff Corbett

]]> By: The XBroker http://thexbroker.com/2006/11/09/the-morgage-industrys-internal-civil-war/#comment-289 The XBroker Mon, 13 Nov 2006 16:49:39 +0000 http://thexbroker.com/2006/11/09/the-morgage-industrys-internal-civil-war/#comment-289 Jeff C. My congratulations and compliments to you! You are a master at what you do....albeit distasteful. You have your mission/agenda and you accomplished it. I'm sure that you snickered all along the way and that your "ego meter" skyrocketed off the scale. Given your self-proclaimed background your XBroker is a skillful masterpiece re-invention of yourself and your prior life. My opinion is that "transparency" is not your quest or crusade...it's your meal ticket! And, I for one do not intend to punch any more holes in it for you. I regret getting drawn into this ...eh......debate. It was your game, you had all the marbles. I lowered myself to your level and apologize to the AR Community if anyone saw something in me that was distasteful....I have realized that I did, as such this is most of my reason for this final post. Jeff C.......Have a nice life....I have asked for forgiveness in my contempt for you! 11/13/2006 by <strong><a href="http://activerain.com/ron342" rel="nofollow">Ron Withers</a></strong> Jeff C.

My congratulations and compliments to you! You are a master at what you do….albeit distasteful. You have your mission/agenda and you accomplished it. I’m sure that you snickered all along the way and that your “ego meter” skyrocketed off the scale.

Given your self-proclaimed background your XBroker is a skillful masterpiece re-invention of yourself and your prior life.

My opinion is that “transparency” is not your quest or crusade…it’s your meal ticket! And, I for one do not intend to punch any more holes in it for you.

I regret getting drawn into this …eh……debate. It was your game, you had all the marbles. I lowered myself to your level and apologize to the AR Community if anyone saw something in me that was distasteful….I have realized that I did, as such this is most of my reason for this final post.

Jeff C…….Have a nice life….I have asked for forgiveness in my contempt for you!

11/13/2006 by Ron Withers

]]> By: The XBroker http://thexbroker.com/2006/11/09/the-morgage-industrys-internal-civil-war/#comment-288 The XBroker Mon, 13 Nov 2006 16:49:19 +0000 http://thexbroker.com/2006/11/09/the-morgage-industrys-internal-civil-war/#comment-288 That makes two of us... 11/12/2006 by Jeff Corbett That makes two of us…

11/12/2006 by Jeff Corbett

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