f contents
T G A G E
M E
6
P R O F E S S I O N A L
l
N U M B E R
6
NMP’s Economic Commentary: No More Excuses By Dave Hershman........................................................................32 Tales From the Closing Table By Andrew Liput ........................34
Act Now Before It’s Too Late … By Vincent Spoto ..................36 Just Ask Eric & Laura By Eric Weinstein & Laura Burke ............38 Summer Marketing Tips..............................................................42 The Long & Short: The Business of Short Sales By Pam Marron..............................................................................46 Two Commission HECM Misconceptions By Ralph Rosynek ..50 NAPMW Report: June 2014 By Jill Kinsman ..............................50 The Insured Closing Letter is Obsolete By Andrew Liput ........52 The Reverse Mortgage Domino Theory By Robert Ottone ......52 Lack of Inventory Equals Long-Term Growth for Your Pipeline By Tom Ward ........................................................56 The Viability of GSE Recapitalization By Robert Ottone ..........70 AllRegs Launches Consumer Complaint Policy Manual ........72 MBA’s Mortgage Action Alliance By Amy Swaney....................72 New Study Examines Sacrifices in Pursuit of the American Dream By Robert Ottone ............................................73
3
Will SCOTUS Take Up Spokeo v. Robins and Address the No Harm, No Foul Claim? By Terry W. Clemans ................76
COLUMNS New to Market..............................................................................12 News Flash: June 2014................................................................14 Heard on the Street ....................................................................24 NMP Resource Registry..............................................................74 NMP Calendar of Events ............................................................79
Company
Web Site
Page
Menlo Park Funding .......................................... www.mpfunding.com ....................................................15 Mortgage Bankers Association ............................ www.mbaeducation.org/qm ............................................73 NAMB National .................................................. www.nambnational.com ................................................57 NAPMW ............................................................ www.napmw.org ..........................................................53 NAWRB ............................................................ www.nawrb.com ............................................................55 New York Community Bancorp, Inc. .................... www.nycbmortgage.com ................................................62 Paramount Residential Mortgage Group, Inc. ...... www.prmg.net ................................................25, 45 & 77 Path2Buy .......................................................... www.path2buy.com ................................................1 & 66 PB Financial Group Corp..................................... www.pbfinancialgrp.com ..............................................71 Prime National Credit Repair .............................. www.primenational.com ................................................35 Radian Guaranty ................................................ www.radian.biz ............................................................19 REMN (Real Estate Mortgage Network) ................ www.remnwholesale.com/birthday ........................40 & 41 Reverse Mortgage Solutions, Inc. ........................ www.rmsnav.com ..........................................................70 Ridgewood Savings Bank .................................... www.ridgewoodbank.com ..............................................51 Secure Settlements Inc. ...................................... www.securesettlements.com ..........................................11 TagQuest .......................................................... www.tagquest.com ................................................23 & 67 The Bond Exchange............................................ www.thebondexchange.com ..........................................32 Titan List & Mailing Services, Inc. ........................ www.titanlists.com ..........................................................9 Ultimate Mortgage Expo .................................... www.ultimatemortgageexpo.com ..........................LA2 & 49 United Northern Mortgage Bankers, Ltd. ............ www.unitednorthern.com ............................27, 30 & 31, 59 United Wholesale Mortgage ................................ www.uwm.com ................................................Back Cover
n Louisiana Mortgage Professional Magazine n JUNE 2014
D V E R T I S E R S
NationalMortgageProfessional.com
Fostering the Intangible Asset: Corporate Culture By Cal Haupt ................................................................................78