Sengdao Vongruksukdi's Blog

It never ceases to amaze how much the public is almost exclusively fixated on Ben Bernanke, specifically when the Fed is going to raise or lower rates. It is true that when the Federal Reserve Chairman speaks Wall Street will listen. I can still remember how the market reacted feverishly to remar...

Although Downey and World Savings had been in the negative amortization (AKA "neg-am" or deferred interest) mortgage business since the 80s, it wasn't until the turn of the century that the "Option-ARM" (as it is more commonly known) gained prominence and became the product of preference. As the ...

It's safe to say that pretty much everybody in this business strives to get better. How you go about doing that is going to make all the difference in the results you'll ultimately see. Here's why... Assessing Your Strengths and Weaknesses The first step on the path to improvement is to become ob...

Today, let's look at three important guidelines for using social media on the job. Remember that once you post a comment, or make a blog entry, you have lost control of where it will go and who will see it. Of course, this is even true with verbal comments we make off-line and hard copy notes we ...

A New Jersey man who owned and operated two foreclosure rescue companies has pleaded guilty to his role in a mortgage fraud scheme in order to commit wire fraud and money laundering. Ronald Harris Jr. allegedly caused mortgage lenders to fund dozens of fraudulent loans that totaled more than $10 ...

It's a holiday weekend in the middle of year, and as summer approaches what better time to preview our 'Five Mortgage Firms to Keep an Eye On (And Why)' report. A more extensive analysis of these five (and five additional companies) will appear next month on the MortgageStats.com website, which f...

Is now the time for a contrarian play in wholesale lending? Consider the case of Total Mortgage Services, an up and coming lender based in Milford, Conn. Today it announced that it has hired five new wholesale account executives, bringing to 12 its AE headcount. Two years ago it was strictly a re...

Much has been written about mortgage sales people needing to create a social media marketing strategy. It is a great way to get positive buzz about the services provided. But like on those pesky chat boards on the Web, a negative message can do a lot of harm. And given the speed in which items ge...

WASHINGTON-Federal regulators are facing a lot of pressure from Congress and industry groups to revise their risk retention proposal. At a recent congressional hearing, both Republicans and Democrats were critical of the proposal that requires a 20% downpayment on "qualified residential mortgages...

REALTORS (r), in case you didn't know it...this time next year if things don't change...most buyers will be required to put down 20% in order to buy a home due to the new Qualified Residential Mortgage rules. The new QRM Guidelines will be in full force April 2012. (Jumbo mortgages....expect 30%...