Andrew Poletto's (coyotex) Blog

Some of you young bucks will have no clue what that phrase means.  Us older folks will have a smile on their face and a little chuckle.Why did I think of this?  No clue, but it ties in to what I'm about to what I'm about to write concerning the mortgage business.That phrase, "Signed Epstein's Mot...

There has been lenders shutting there doors without notice.  Some Loan Officers were actually within hours of closing a deal when their lender shut there doors, was that you?  Some Loan Offers were on their way to the office only to find the Broker closed the doors the night before, was that you?...

I had a conversation with someone the other day and it's been on my mind, so I figured I would right something about it.   The conversation was in the realm of how people do what they do and how some folks stay on the top of their game and others don't.Some Loan Officers think being in the mortga...

I was recently at a non-mortgage convention and something struck me as being very interesting.  No matter what business you're in, different parts of the country react differently to what they are presented.  I know that may sound strange, but let me explain.While at this convention, I was intera...

I must admit it, even the best of the brokers out there are feeling the pressures of what's going on in the market, especially with the pay option arm. But here's the kicker about the whole thing, the ones that sold it right are all saying the same thing, "See, I told you so."That's not a knock o...

Here's a theory concerning new Loan Officers, when they are introduced to this business, they automatically assume that most people want a 30 year fixed rate, so that's what they study and develop a "script" for. What happens to them when they get a client that wants an adjustable rate mortgage? ...

Have you ever seen someone do something that seemed simple? Did you ever say, "boy, that seems easy enough, I could do that." And then try doing it and found you couldn't do it nearly as well?I would venture to say that has happened to quite a bit of folks. If that did happen to you, did you chan...

Here's something I got from a friend of mine today:Here in Chicago, one of the biggest builders has just filed BK.  I keep hearing about companies in the housing industry throughout the country doing badly as well.  Aren't you afraid to stay in the mortgage business with all the bad things going ...

Here's something I got from a friend of mine today:"Here in Chicago, one of the biggest builders has just filed BK.  I keep hearing about companies in the housing industry throughout the country doing badly as well.  Aren't you afraid to stay in the mortgage business with all the bad things going...

Here's a question for you:  Why would anyone pay the minimum payment with the Pay Option Arm, doesn't it defeat the purpose of paying of the mortgage?Here are my thoughts about this question.  Wait, before I do, let me set it up.  Think about it, how many credit reports do you see with debt on th...