Contents
RESIDENTIAL;EDITION VOLUME 16 ISSUE 10 OC TOBER 2009
30;|;Buydowns:;When;and
How;They;Help
Seller-funded reductions may ease the
sales process for buyers and sellers
By;Dylan;Kramer,
America’s Mortgage Choice
36;|;How;to;Fight;for
Market;Recovery
By pushing for more investor-finance options, brokers can
help offset inventory glut
By;Bruce;Norris,
The Norris Group
Tools and Tips
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37;|;5;Tips;for;Tapping
Your;Specialty
Unsure where to plant your flag?
Consider what you do best
By;Mitch;Harmann,
USA Funding Corp.
17;|;LEAD;ARTICLE:;Navigating;in;Reverse
Mortgage professionals who work in the reverse-mortgage niche must understand
an array of state and national regulations. Sorting them out marks an important
step toward helping qualfied homeowners borrow against their home equity.
By;Jim;Milano, Weiner Brodsky Sidman Kider PC
Departments
Articles
38;|;Niches,;Spelled;Out
Key characteristics often pop out in
brokers who truly work their specialty
By;David;Lykken,
Mortgage Banking Solutions
42;|;Baby;Steps;to;Being;the;Best
You don’t always need a large niche to
be the local — or national — leader
By;Chris;Jones,
City 1st Mortgage Services
12;|;From;the;Editor
Is that a new typeface? Why, yes —
and thanks for noticing.
Plus: Tip of the Month and news
14;|;Spotlight:;Brooklyn,;New;York
Condos and co-ops rule in
NYC’s largest borough.
Plus: Q&A
CORRECTION The e-mail address for Edward L.
Conner and the National Flood Insurance Program
is FloodSmart@dhs.gov. The address listed on
Page 22 of September’s residential edition is not
operational.
20;|;When;State;Regulators
Come;Knocking
Brokers should understand what to do
before and after enforcement actions
By;John;L.;Bley;and
Laura;Marquez-Garrett,
Foster Pepper PLLC
22;|;The;Value;of;Compliance
Assistance
In the changing regulatory
landscape, it can be wise to hire
someone to watch your back
By;Kristin;Delaney,
Document Nation LLC
28;|
;A;Look;at;the;Market-Conditions;Addendum
It’s smart to know the intent of
Fannie Mae form No. 1004MC —
aka, Freddie Mac form No. 71
By;Richard;Lauro,
Radian Guaranty Inc.
30 | Understanding Reverse
Mortgages
For equity-rich borrowers ages
62 and older, options such as the
HECM often are worthwhile
By;Max;Sattanathan,
Reverse Ultra
scotsmanguide.com
What’s new online in October
»;Legislation
TILA changes’ marketing impact
scotsmanguide.com/3769
»;Marketing
How to use education as a tool
scotsmanguide.com/3775
»;Processing
When and why outsourcing works
scotsmanguide.com/3770
»;Getting;Personal
The importance of mentoring
scotsmanguide.com/3771
»;Stay;up-to-date;with
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