AGBeat Columnist: Fred Glick
Realty Reality! That describes Fred, a sharp witted and outspoken realist for the mortgage and real estate world who has appeared on CNBC and NPR's Marketplace along with being quoted in the Philadelphia Inquirer and other media outlets.
Fred is the owner of U S Spaces, Inc (a real estate brokerage firm in PA and CA) and U S Loans Mortgage LLC (mortgage brokerage in PA, CA, CO, FL and VA).
Fred serves on the Board of Directors for the National Association of Independent Housing Professionals and the UpFront Mortgage Brokers, both consumer oriented organizations that help to make the industries better.
Stand by and enjoy his brain-to-finger translation of thoughts surrounding what we do or what we can do for our clients and learn how the real estate/mortgage world really works.
Consumer Financial Protection Bureau makes positive steps, more is needed
Consumer Financial Protection Bureau changes It’s Friday May 20, 2011- 1 day before the earth is blown up. Did you pay your Comcast bill? The Consumer Financial Protection Bureau (CFPB) is trying with an open mind and good intentions to change the GFE and the TILA. If you have not seen the example, go to http://www.consumerfinance.gov/knowbeforeyouowe/#x31 What they have done ...
Sex, soup and the single mortgage
Can you imagine someone saying to you when you go for a mortgage, “Sorry, I have to screw you?” Thanks to the Federal Reserve and their mandate of the “New Porn” has begun. Go into your favorite mortgage broker and ask them to give you a rate with zero points. They will go to all their lenders and find you ...
How mortgages will stop with a government shutdown – no bucks, no Buck Rogers!
Now that our friends at the Federal Reserve have changed the mortgage pay system for borrowers and broker, there is more “good’ news from Washington. If a budget stalemate occurs and the money dries up because of the lack of a budge deal, the mortgage business comes to a halt. Why you may ask? Well, below are just a few ...
New 2012 AGBeat media kit available now
- We know you want the most sophisticated audience, and here it is!
Zero point mortgages- Federal Reserve turns housing upside down
Effecive April, 1, 2011, unless stopped by a filed lawsuit, the Federal Reserve will implement a new way to pay people that originate mortgages who work for any institution. Specifically, it would fix that amount of money they could receive from a lender for giving you zero points but not limiting what they could make by charging you points. What ...
The Perfect Mortgage
HUD and the White House came out today with ideas on what to do about the future of mortgages in America. They give a few different ideas going forward and place into thought the idea of FHA and a guarantee from the government on a loan with a private funding pool for reinsurance. Now, the report goes to Congress for ...
Apply for Mortgage, Get Telemarketed!
Did you know that everytime you pull a credit report for a mortgage, that individual could receive many unsolicited calls from other lenders that very evening? These unsolicited calls could lead to a potential loss in business for a mortgage originator. Did you know there is a way to prevent this from happening? By having your customer go out to ...
I’m sorry, your closing is cancelled right here at the table
Just imagine everything looking like it was going smooth. You sold your listing of 9 months, worked out the short sale on the first with Bank O ‘Merica and a second with Bumble Bee Savings and Loan after going through 3 cell phones, 2 email accounts for because of space and a heart transplant. Your seller, the buyer and their ...
Old phone system equals new mortgages!
If you are old enough, you will remember a time of no cell phone or oh my, no Twitter! In 1996, Congress passed the Telecommunications Act that cleared the way for multiple phone companies and the lowering of prices for all. It led to cheaper home phones and subsequently cheap cell phone prices. Now, let’s zoom to March 31, 2011 ...
The end of the listing price- Aussie style
$625,000, 3 bedroom, 2 bath, parking, deck, fireplace, hardwood floors. What do see that is important here? The price or the features? If you are the buyer, the first thing is probably the price. Everyone loves prices, right? But, in reality, what you are looking for is not the price, it’s the features of the house you are going to ...
Federal Reserve Board to price fix and mortgages to skyrocket
The Fed has a rule that they are making active on April 1 where each mortgage brokerage and banker (excluding banks) set a fixed percentage that they can charge each and every customer regardless of loan amount.
A genius here, a genius there, genius, genius everywhere!
I just lost a mortgage loan and the way I lost it was interesting. First, the clients signed an agreement to buy an empty, somewhat run down, Fannie Mae foreclosure as a second home in an area of Florida that has zillions of listed places. The genius buyer agent had them sign the contract that only allowed them 10 days ...
Banks to Limit Real Estate Agent Commissions
No, I am not kidding. I was just informed that a lender limited the compensation on a regular non-short sale transaction to a maximum of 8% of the sale price. That’s right, sports fans, the lender….a well known national bank (who i will not name) got the request from a mortgage broker to close a loan. When they received the ...
Benn Rosales
Conal Campbell
Elijah May
Lani Rosales
Tara Steele
Marti Trewe
Charlene Jimenez