Homeowner Affordability and Stability Plan

toddb@kendalltodd.com — Mon, 23 Feb 2009 17:07:00 GMT

The new program begins March 4th, this top Q&A helps to answer many of the questions, including the Moral Hazards of rewarding only those who aren't/can't make payments.

One key relief in the new plan provides a way for people who can't refinance because of lower value to refinance a Fannie Mae or Freddie Mac loan after March 4th if the combined first and second mortgages do not exceed 105% of the house value on a primary residence. This makes way for those who have low/no equity to lock in possible 37 year low interest rates.

To find out if you can refinance, contact your lender after March 4th.

*thanks to John Thompson for this post.

How I lost, and then found, a few thousand dollars.

toddb@kendalltodd.com — Thu, 12 Feb 2009 22:32:00 GMT

I have to say, I'm pretty skeptical about things like this, but I received a call a few months ago from a company saying that they'd found money for me (actually my old mortgage company), and they'd secure it for me for 35% of the claims received.

I did a little research and found this site: www.unclaimed.org.

Borrow Smart University - limited offer video

toddb@kendalltodd.com — Fri, 30 Jan 2009 20:13:00 GMT

Watch a 5 minute video inside the Mortgage Coach community on a special offer we are making for MC subscribers.

http://mortgagecoach.utipu.com/app/tip/id/6640

ENJOY a Witty View of our Current Situation - 5 Minute Investment Required.

toddb@kendalltodd.com — Fri, 19 Dec 2008 16:40:00 GMT

Fred Thompson on the Dynamic of Spending our way to Prosperity.

Great Chart on Impact of Rates and Affordability

toddb@kendalltodd.com — Sun, 07 Dec 2008 15:50:00 GMT

Great News for Loan Originators

toddb@kendalltodd.com — Thu, 04 Dec 2008 12:44:00 GMT

S&P One Pager to Share with Referral Partners

toddb@kendalltodd.com — Tue, 02 Dec 2008 20:02:00 GMT

House prices have stabilize a bit, after a 15.4% drop last year, and 9.1% this year, there is great debate as to whether the slowing values and slowing foreclosures are a firming bottom, or as Case Shiller predicts we'll continue to see another 15% US House price drop from here between now and 2010.

FDIC Details Plan for Loan Mods

toddb@kendalltodd.com — Fri, 14 Nov 2008 14:46:00 GMT

Lenders could recoup half the loss on modified loans that default

American Banker | Friday, November 14, 2008

By Joe Adler

The Federal Deposit Insurance Corp. unveiled details Friday of its proposal to use government guarantees to modify roughly 2.2 million troubled loans.

The centerpiece

HomeSaver Advance Fannie's Primary Tool

toddb@kendalltodd.com — Tue, 11 Nov 2008 13:27:00 GMT

Negative Equity - How is Your State Doing?

toddb@kendalltodd.com — Thu, 06 Nov 2008 14:09:00 GMT

The Negative Equity in homes is rising, with 18.3% of the US population now finding themselves in negative equity territory, and 23.3% finding themselves at the tipping point to owing more on their house than it is worth.

The Bailout Bill: Tax Changes Affecting Individuals

toddb@kendalltodd.com — Thu, 06 Nov 2008 13:47:00 GMT

The Emergency Economic Stabilization Act of 2008, referred to by some as the "bailout bill," or, as others prefer to call it, the "rescue plan," was recently enacted in an attempt to stabilize the turmoil in the U.S. economy. While a great deal of attention has been focused on the true bailout provisions of the Act, there are also a plethora of tax law changes affecting individual

Federal Reserve - Created dynamic live map of US Credit Status

toddb@kendalltodd.com — Thu, 23 Oct 2008 13:10:00 GMT

data.newyorkfed.org/creditconditionsmap/

This new Federal Reserve Map allows you to be an expert in your community as you report real time updates on what's happening with foreclosure delinquencies, and other banking matters.

Great New Market Resource (www.finviz.com)

toddb@kendalltodd.com — Mon, 20 Oct 2008 18:45:00 GMT

I'm a visual guy, and this is a great way to see how
the whole market is performing, on your desktop, for free.

click here

FHA Leading the Way...

toddb@kendalltodd.com — Thu, 09 Oct 2008 17:10:00 GMT

Consider Starting a Company to buy REO

toddb@kendalltodd.com — Thu, 09 Oct 2008 16:14:00 GMT

Inflation Subsiding, but What Would Inflation Do to Debt Problems?

toddb@kendalltodd.com — Tue, 07 Oct 2008 14:13:00 GMT

Will Current Crisis Change Savings Culture?

toddb@kendalltodd.com — Fri, 03 Oct 2008 13:05:00 GMT

The EPR Worksheet, just one tool and skill we teach at Borrow Smart University

toddb@kendalltodd.com — Wed, 01 Oct 2008 14:49:00 GMT

Download our EPR^TM Worksheet.

KendallTodd’s next Borrow Smart University online begins with the first course on October 7^th at 1:00 pm EDT and is followed by 4 weeks of coaching calls (1 hour per week) to help you personally integrate the concepts you will learn and tools you will receive at BSU. Please enroll now to reserve your seat as space is limited. Enroll here: http://bsu10908.eventbrite.com/

A key concept we teach at BSU is EPR®. Effective Percentage Rate, which is your client’s cost of borrowing after applicable tax deductions. It is critical to know, for instance, when deciding between paying off a mortgage and adding to a 401k plan, a timely consideration as more of your Baby Boomer clients inherit money. The attached, easy to use, worksheet allows you to determine EPR® for your clients in minutes. It is a great way to open up a conversation about the liability side of your client’s balance sheet.

Please use it, with our compliments, and know that this is just the ‘tip of the iceberg’ of strategies, content, training and tools that BSU provides to differentiate your practice. If you have any question regarding the value of this class and the Certified Liability Advisor® designation you will obtain upon graduation, especially in the current lending environment, listen to what recent graduates have to say.

Worst Hit Areas For Construction Loan Delinquency - Prepare For Opportunity

toddb@kendalltodd.com — Wed, 01 Oct 2008 12:31:00 GMT

House Equity Per Household Down, People Starting to Save Again

toddb@kendalltodd.com — Mon, 29 Sep 2008 15:57:00 GMT

Todd Ballenger

Homeowner Affordability and Stability Plan

How I lost, and then found, a few thousand dollars.

Borrow Smart University - limited offer video

ENJOY a Witty View of our Current Situation - 5 Minute Investment Required.

Great Chart on Impact of Rates and Affordability

Great News for Loan Originators

S&P One Pager to Share with Referral Partners

FDIC Details Plan for Loan Mods

HomeSaver Advance Fannie's Primary Tool

Negative Equity - How is Your State Doing?

The Bailout Bill: Tax Changes Affecting Individuals

Federal Reserve - Created dynamic live map of US Credit Status

Great New Market Resource (www.finviz.com)

FHA Leading the Way...

Consider Starting a Company to buy REO

Inflation Subsiding, but What Would Inflation Do to Debt Problems?

Will Current Crisis Change Savings Culture?

The EPR Worksheet, just one tool and skill we teach at Borrow Smart University

Worst Hit Areas For Construction Loan Delinquency - Prepare For Opportunity

House Equity Per Household Down, People Starting to Save Again