For over five years Americas Watchdog's National Mortgage Complaint Center have been attacking a gigantic mortgage kickback scheme called a yield spread premium. What is a yield spread premium? "A yield spread premium is a mortgage kickback fee a bank, mortgage banker or mortgage broker gets for inflating a borrowers interest rate. Banks & mortgage bankers get the very same kickbac, they just don't have to disclose it-brokers do. Why is this timely? Millions of Americans are losing their hoomes because of mortgage products that were built around the yield spread premium. The National Mortgage Complaint Center's Web site is located at Http://NationalMortgageComplaintCenter.Com.

Americas Watchdog and its National Mortgage Complaint Center have been blasting away at the worst mortgage double standard in US history, called a yield spread premium for years--to an unreceptive US Congress. What is a yield spread premium? A yield spread premium is a kickback a mortgage broker, bank or mortgage banker gets for inflating a homeowner's interest rate/monthly mortgage payment, over the best rates available. According to Americas Watchdog's National Mortgage Complaint Center, "the reprehensible part about this yield spread premium double standard, is mortgage brokers rarely if ever explain, or tell the homeowners about this fee, that is typically in the thousands of dollars, even though they are required to disclose it. Banks on the other hand, have no such disclosure requirement, even though they get they exact same kick back." The National Mortgage Complaint Center's web site is located at Http://NationalMortgageComplaintCenter.Com.

• How many US homeowners have been conned by the yield spread premium kick back scheme? The National Mortgage Complaint Center estimates its over 95%+ of all existing US homeowners.
• How much is the typical yield spread premium? The National Mortgage Complaint Center estimates its between 00 to 00 per homeowner, or about 0 to 0 per month in higher monthly mortgage payments, per homeowner.
• Why is this wrong? According to the National Mortgage Complaint Center, "any kind of kickback is wrong. We are in the worst mortgage mess in our nations history, and the yield spread premium kick back scheme has a lot to do with it. Most mortgage brokers went crazy from 2002-2007 gouging homeowners with poorly disclosed yield spread premiums, & banks and mortgage bankers did the very same thing-they just didn't have to disclose it."
• Why do mortgage brokers have to disclose a yield spread premium & bank and mortgage bankers do not? "The reason for the yield spread premium kick back scheme double standard is really easy. Banks, mortgage bankers and homebuilders give a lot more money to the US Congress than do mortgage brokers. As a result we get a poorly disclosed mortgage fee double standard, that has literally cost US homeowners hundreds of billions of dollars over the years in higher mortgage payments."

A prayer for relief from the Obama Administration: The National Mortgage Complaint Center says, "African Americans and working class Americans have been disproportionately affected by this ridiculous yield spread premium double standard. We literally sat in a McDonalds, in Compton/Watts, California in 2006, and reviewed, now under investigation Countrywide Home Loan documents, where the homeowner was being offered a no appraisal fee, no credit check, ,000 money back loan." According to the group, there was just one slight problem, "Countrywide had just refinanced the borrower six months earlier & the new loan came with a 4 point discount fee. Countrywide had no obligation to tell the unsuspecting borrower they were also making extra undisclosed thousands of dollars on the deal, because they were a bank, & banks and mortgage bankers do not have to disclose the yield spread premium mortgage kick back scheme. Other banks and mortgage bankers were also doing this. Many of these people have since lost their homes."

According to Americas Watchdog's National Mortgage Complaint Center, the US Congress has to stop taking campaign donations, if the member sits on a Congressional, or Senate Committee, that has oversight responsibility over the industries, or groups, that as it turns out are the Congress person's or Senator's biggest campaign donators. Congress and the US Senate need to immediately push through reforms that require banks and mortgage bankers to disclose mortgage kickbacks called yield spread premiums--just like mortgage brokers are required to do.

"The US economy is in a shambles in part because of banks, mortgage bankers, homebuilders, and even mortgage brokers deceiving consumers with the yield spread premium kick back scheme. If homeowners had actually seen what the bank, mortgage banker, or broker was actually making on the deal, we don't think the homeowner would have done the loan."

Americas Watchdog's National Mortgage Complaint Center is all about consumer protection and corporate responsibility. Their web site is located at Http://NationalMortgageComplaintCenter.Com.

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October cumulative pending home sales – including single-family homes and condominiums - in Miami-Dade County were 10 percent above what they were a year earlier, up from 10,264 to 11,245, and 0.4 percent below the previous month, down from 11,296, according to the 25,000-member MIAMI Association of REALTORS and the local Multiple Listing Service (MLS) systems.

October cumulative pending home sales – including single-family homes and condominiums - in Miami-Dade County were 10 percent above what they were a year earlier, up from 10,264 to 11,245, and 0.4 percent below the previous month, down from 11,296, according to the 25,000-member MIAMI Association of REALTORS and the local Multiple Listing Service (MLS) system.

October Sales Activity

The total number of listings, including single-family homes and condominiums, that pended during the month of October increased 26 percent, from 2,861 in October 2010 to 3,609 last month. Compared to the previous month, pended sales increased .22 percent. Single-family home and condominium sales that pended during the month increased 27 percent and 26 percent respectively compared to the previous year.

“In Miami, where market performance has outpaced the nation, strong pending sales activity has mirrored robust closed sales figures due to international buyers who mainly pay all cash and are not impacted by mortgage financing issues,” said Jack H. Levine, 2011 chairman of the board of the MIAMI Association of REALTORS. “However in other parts of the country factors such as stronger underwriting standards and appraisal issues are impeding closings that are much more dependent on financing.”

Cumulative Pending Sales Rise

Pending sales of condominiums were 10 percent higher than they were a year earlier, up from 5,878, and 2.3 percent below what they were the previous month, down from 6,620. Pending sales of single-family homes were nine percent above what they were a year earlier, up from 4,386 to 4,775, and five percent below the previous month, when pending single-family homes sales totaled 4,676.

“In addition to the unyielding demand from foreign buyers that has boosted the local market and resulted in Miami outperforming the nation, there is also increasing demand from domestic buyers,” said 2011 MIAMI Association of REALTORS Residential President Ralph E. De Martino. “Domestic buyers are now accounting for a higher percentage of closed sales. In addition, the stronger rental rates have resulted in strong demand for rental properties, which is putting increased pressure on the greatly reduced inventory of properties for sale.”

Nationally, the Pending Home Sales Index, a forward-looking indicator based on contract signings, increased 4.6 percent to 10.4 in October from 84.5 in September, according to the National Association of Realtors. The index is 9.2 percent higher than the 85.5 index reported in October 2010.

Increased pending sales are an indication of increased future sales. A sale is listed as pending when a contract is signed but the transaction has not closed, though the sale usually is finalized within one or two months of signing.

MIAMI Association of REALTORS

The MIAMI Association of REALTORS was chartered by the National Association of Realtors in 1920 and is celebrating more than 90 years of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of four organizations, the Residential Association, the Realtors Commercial Alliance, the Broward County Board of Governors, and the International Council, it represents more than 25,000 real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local association in the National Association of Realtors, and has partnerships with more than 60 international organizations worldwide. MIAMI’s official website is http://www.miamire.com.

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Until recently, there were only two main ways you could get cash from your home: sell it or borrow against it and make monthly loan repayments. Reverse mortgages offer a third way of getting money from your home. If you are a homeowner, age 62 and older, you are eligible to apply for a reverse mortgage loan that converts your home equity into a tax-free income.

With The Complete Guide to Reverse Mortgages, you'll learn all you need to know to earn the supplemental income you need, without worrying about:

• Having to sell your home
• Give up your title
• Or take on a new monthly mortgage payment.

This invaluable guide explains everything you need to know about reverse mortgages and how to use them to your advantage. With practicing attorneys Tyler Kraemer and Tammy Kraemer leading the way, you will learn the step-by-step process to getting a reverse mortgage and making the best of your retirement!

List Price: $ 12.95
Price: $ 3.01

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For numerous reasons Clopton Capital is currently seeking a partnership with an Illinois licensed automotive dealer license holder. The purpose of this partnership would be to make Clopton Capital's “Semi Trucks for Sale” division and initiative far more lucrative and turn key.

Clopton Capital is a semi truck financing provider and is located in Chicago, IL. They primarily focus on commercial mortgages, SBA loans and niche financing mechanisms such as gas station loans and owner operator financing. The founder of Clopton Capital is Jake Clopton and this press release is part of Clopton Capital's consistent effort to remain involved with the public, namely their future clients. Clopton Capital can be contacted at CloptonCapital.com.

For numerous reasons Clopton Capital is currently seeking a partnership with an Illinois licensed automotive dealer license holder. The purpose of this partnership would be to make Clopton Capital's “Semi Trucks for Sale” division and initiative far more lucrative and turn key. The firm believes that if they can get a local partnership with a dealer they can eliminate a significant amount of the transactional cost associated with selling a semi truck to an independent trucker. “This is just another pragmatic attempt to find a more streamlined way to serve our clients and accomplish our end goal”, said Jake Clopton, the founder of Clopton Capital. This idea was just brought up today as part of an effort to enhance the profitability of the semi truck financing division of the firm.

Clopton Capital's future plans include expanding their semi truck sales campaigns and using it as a means to continue growing their semi truck financing business. They have set a tentative deadline of February to complete the portal which will allow people buying a truck to search inventory online. “This should be a very exciting way to increase the number of people finance semi trucks through us”, said Matt Reed an associate of Clopton Capital.

Clopton Capital can be contacted at their website CloptonCapital.com or at 866.647.1650 during regular business hours central time. Their website contains more specific information about their commercial loans. Their website dedicated entirely to semi truck financing is SemiTruckSource.com. To join CloptonCapital.com's link exchange visit CloptonCapital.com/link.

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Members of the Mercer Chapter of the New Jersey Society of CPAs will learn about self-directed retirement accounts and earn continuing professional education (CPE) credits at the chapter’s annual tax seminar on Friday, December 2, 2011 from 7:15 a.m. to 1:30 p.m. The seminar will be held at Mercer County Community College, 1200 Mercerville-Edinburg Road in West Windsor, N.J. Jaime Raskulinecz, founder and CEO of Next Generation Trust Services, LLC, in Roseland, N.J., will present the course on self-direction, a growing trend in retirement wealth building.

Members of the Mercer Chapter of the New Jersey Society of CPAs will learn about self-directed retirement accounts and earn continuing professional education (CPE) credits at the chapter’s annual tax seminar on Friday, December 2, 2011 from 7:15 a.m. to 1:30 p.m. The seminar will be held at Mercer County Community College, 1200 Mercerville-Edinburg Road in West Windsor, N.J. Jaime Raskulinecz, founder and CEO of Next Generation Trust Services, LLC in Roseland, N.J., will present the course on self-direction, a growing trend in retirement wealth building. Professionals will earn five CPE credits in tax at the completion of the seminar; the course on self-directed retirement plans is worth one credit towards the total.

Raskulinecz, an expert on the field of self-directed retirement accounts, is a frequent speaker on the topic to both individuals and their advisors in the financial services and real estate fields. Self-directed IRAs allow many nontraditional investments which are excluded from typical IRAs; these alternative investments include real estate, precious metals, commercial paper, private placements, hedge funds, and much more. Her firm, Next Generation Trust Services, provides comprehensive account administration and transaction support for self-directed retirement accounts. Raskulinecz’s insights have been featured in many prominent financial and real estate publications and she has been interviewed many times about self-direction as a retirement strategy on financial radio talk shows.

Professionals interested in attending the event and earning five CPE credits must be eligible as determined by the Mercer Chapter of NJSCPA. Visit the Mercer Chapter at http://njscpa.org/mercer for registration information. For more information about self-directed IRAs, contact Next Generation Trust Services at (973) 533-1880, (888) 857-8058 or Info(at)NextGenerationTrust(dot)com.

About Next Generation Trust

Next Generation Trust Services (NGTS), headquartered in Roseland, New Jersey, is a professional third-party administrator of self-directed retirement plans. NGTS provides education, administrative support, and account maintenance to individuals interested in self-directing their retirement portfolios with a wide variety of investments that are not typically found in an IRA, such as real estate, precious metals, notes and mortgages, private placements, accounts receivables, limited partnerships, hedge funds, and much more. Next Generation Trust Services serves clients nationwide via its website, http://www.NextGenerationTrust.com. For more information on self-directing a retirement plan, call 973-533-1880, 888-857-8058 (toll free), or e-mail Info(at)NextGenerationTrust(dot)com.

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Leading loan origination software platform selected to enable expanding mortgage firm to compete on a national scale

First American Mortgage Trust (privately held) has selected Southfield, Michigan-based Mortgage Builder Software as its new loan origination platform after a lengthy evaluation process. First American Mortgage Trust will implement the Mortgage Builder system after three months of customization and training to help the company compete nationally in the wholesale and correspondent lending markets.

Barry Polack, president and CEO of First American Mortgage Trust, came to the realization that the company needed the best web-based software in order to meet future growth objectives. The company’s current systems were not sufficiently integrated and entering data into multiple systems was both time consuming and frustrating for employees. Customers and business partners were unable to track the progress of their loan without placing calls or sending emails to the company. “We were falling behind due to outdated technology and we needed to address that issue to continue our growth,” Mr. Polack explains.

The company embarked on a more than year-long evaluation of competing loan origination products. The company’s unique niche with FHA 203B and 203K lending programs presented problems for numerous loan origination software providers, many of whom are focused on conventional loan products. “Mortgage Builder rose to the top of the list because they understood the FHA product lines and were able to intelligently answer First American’s questions about how the software handles government regulation and oversight,” Mr. Polack notes.

Vice President Stacey Bambrick explains, “We evaluated many options for replacing our current [loan origination] software, and none of the other vendors addressed the FHA requirements. They seemed to downplay those aspects and gloss over them. Mortgage Builder was able to come in and consistently address those issues and come up with solutions that met both the needs of our company and FHA.” Chief Information Officer, Ariel Gruzman, comments, “Mortgage Builder was willing to work closely with us to customize their software to our Business Processes. Whenever an issue surfaced, the team at Mortgage Builder addressed it expeditiously.”

Mortgage Builder allows First American Mortgage Trust to add a web portal to bring loan submissions into the system faster and more securely. The web portal is customized and is built into First American’s existing website. “We wanted to make sure that the transition to Mortgage Builder was seamless and provided as little disruption to our employees, business partners, and customers as possible,” says Mr. Gruzman.

“First American Mortgage Trust is excited to implement the Mortgage Builder platform and looks forward to future growth using the system’s advanced capabilities,” Mr. Polack says.

About First American Mortgage Trust

First American Mortgage Trust is an FHA manual underwriting lender and GNMA approved seller-servicer. In business for more than two decades, First American Mortgage Trust is licensed in 20 states across the country. First American Mortgage Trust prides itself on being able to offer loans to more borrowers through manual review rather than relying on automated findings. First American Mortgage Trust employs a vast network of more than 350 third-party originators and correspondents to offer our products to deserving borrowers. For more information, visit http://www.nxtloan.com.

About Mortgage Builder

Southfield, Michigan-based Mortgage Builder Software, Inc. has been providing industry-leading loan origination software (LOS) to mortgage banks, community banks, credit unions and other financial institutions since 1997. Mortgage Builder was the first LOS to provide its full capabilities in Application Service Provider (ASP) form, as Software as a Service (SaaS), and in the traditional licensed, server-based configuration, providing complete flexibility to suit all clients’ business models. For more information, visit http://www.MortgageBuilder.com.

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It does not matter if youÂ?re purchasing a new home, second home, investment property or commercial property the key to successful savings starts with locating the right mortgage professional and having them ask the right questions.

Terence Tolliver, at Premier Mortgage Funding, Inc., of Waldorf, Maryland has developed a customer questionnaire that has significantly improved the likelihood Premier Mortgage Funding customers are placed in the appropriate mortgage program. Premier Mortgage Funding customers realize tremendous long-term benefits and savings from the services provided. Streaming video of actual real life testimonials from customerÂ?s that are saving thousands of dollars monthly can be viewed on the companyÂ?s website (http://www.apremiermortgage.com).

TodayÂ?s mortgages are about much more than rates. Low rates do not equate to the lowest payment. Mortgage programs offer varying features designed to reduce or increase your overall monthly payment. Factors like, mortgage insurance, interest-only payments, and interest rate buy downs, etc., have to be considered when selecting a program. A consumer can no longer inquire about the interest rate solely. That mistake can cost you dearly. You have to find an appropriate mortgage program for your situation, and that starts with finding the right mortgage professional.

Real Estate is usually the largest financial investment a person will make, yet most spend the least amount of time in search of professional assistance and lose thousand of dollars in the process. Only after the right questions are answered can the path toward savings begin. Some of these key questions can be found at http://www.apremiermortgage.com/keyquestions.

Real Estate financing is about mortgage programs and the features of the respective program. Features like mortgage insurance, etc., can affect your payment dramatically, therefore, your main concern is your overall payment. A good program is designed to have low monthly payments and adequately address your situation. Customers can receive professional mortgage advice to help in this process from Mr. Tolliver at http://www.apremiermortgage.com/mortgageadvice

To find out how you can start saving hundreds or possibly thousands off your mortgage contact Premier Mortgage Funding, Inc., of Waldorf, Maryland at 301-705-5477.

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Security America Mortgage & Realty, the VA Loan Specialists, expands its reach as a Mortgage Lender to North Carolina to better serve regional Veteran Home Loan needs. By achieving this goal, Security America Mortgage & Realty is now a licensed Mortgage Lender in Arkansas, Colorado, Florida, Louisiana, North Carolina, Oklahoma, and Texas.

Security America Mortgage & Realty, the VA Loan Specialists, expands its reach as a Mortgage Lender to North Carolina to better serve regional Veteran Home Loan needs. By achieving this goal, Security America Mortgage & Realty is now a licensed Mortgage Lender in Arkansas, Colorado, Florida, Louisiana, North Carolina, Oklahoma, and Texas.

Security America Mortgage & Realty is led by:

• Garrett Puckett - Houston, Texas & Miami, Florida
• Sebastian Burfitt - Houston, Texas
• Jason Noble - Houston, Texas

VA Home Loan Benefits

The Benefits to Using a VA Loan are No Money Down, Lower Interest Rate, and a Lower Monthly Payment

As of 2011, The Department of Veterans Affairs currently guarantees Billion worth of VA Home Mortgages, yet less than 10% of eligible Veterans use their home loan benefits. Security America Mortgage's goal is to educate all Veterans as to their VA Home Loan Benefits.

NO Money Down

VA Home Loans do not require a down payment.

The VA Loan Program is the only loan available that allows for down. With the tightening of the mortgage market, it is becoming harder for those to obtain financing because of the large down payment requirements. Because of the VA's Guarantee, eligible Veterans are NOT required to put any money down! This could potentially save you tens of thousands of dollars in out of pocket expenses, that's money you could use to move, decorate, upgrade or renovate the home you purchase.

Lower Monthly Payment & Lower Monthly Rate

VA Home Loans have NO Mortgage Insurance... this can save you thousands a year.

Unlike Conventional and FHA loans, VA Home Loans have NO Mortgage Insurance. The mortgage insurance for Conventional and FHA loans are typically between .5% and 1.25% per year. Additionally FHA charges 1% in Up Front Mortgage Insurance. This can cost you thousands of dollars a year. Why would you pay for mortgage insurance that you don't need? The VA Home Loan does not require mortgage insurance making your total monthly payment lower and more affordable.

Security America Mortgage Benefits

Security America Mortgage works exclusively with Veterans. This means we are experts in the VA Loan Process, VA Loan Guidelines, and VA Loan Qualifications. Our vast experience in VA Home Lending makes our process quick and easy. Our VA Experts will be there with you from beginning to end, working to make sure everything is in order so that your VA Home Loan is a smooth transaction.

• Security America Mortgage is a VA Approved Lender
• Security America Mortgage works exclusively with Veterans
• Security America Mortgage's VA Experts make the VA Home Loan process quick and easy

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As the global financial markets continue their roller-coaster ride and most real estate markets remain sluggish, property investors and developers in the current market are increasingly looking for new ways to turn their under-performing property investments into financially viable and low-risk ‘cash-cows’.

A recent State Government initiative that offers property developers incentives has provided a new opportunity to profit in the Sydney real estate market.

‘Mum-and-Dad type investors may actually be sitting on a prime site suitable for redevelopment which will allow them to take advantage of this scheme,’ says Ian Dencker, Director of Inner West Town Planning.

‘Most investment property owners don’t know about the NSW State Government’s Affordable Housing bonus incentives for developments. Converting an investment property into a new age boarding-house or infill residential flats could potentially turn a non-performing investment into a goldmine’, says Ian.

‘Affordable housing projects can sometimes be controversial, but the fact is, there is a shortage of cheap rental housing in Sydney for those in need of it the most, and the Government knows this,’ says Ian.

As a town planning consultant, Ian is all too aware of the difficulties investors and developers face: ‘My job is simply to help my clients get their projects compliant and DA approved with Council’, says Ian.

Many developers give up in the face of local opposition. ‘I frequently help first-time developers get their project over the line, and also to ensure they get the full benefit of the Government incentive. Many developers fail, whereas if they had employed a town planning consultant, the process would have been fast and smooth. The bottom line is that if investors are not utilising the incentive, they're leaving money on the table.’

‘It’s much the same as a mortgage broker being able to get you a much better loan than you can get yourself, even from the same bank; through my years of experience working at Councils, I know how Council town planners think, and what information they need to be able to approve a project.’

Due to rising rental prices, low income Sydney residents - largely young people - are being forced to live further away from employment and places of study. Worse still, many tenants are now living in illegal and sometimes even unsafe or unsanitary boarding houses that have been poorly constructed and managed, simply because they have no other choice.

‘The incentive has been a great thing both for low income tenants and property developers alike, as it’s improving the housing standard’, says Ian, ‘so it’s really a win/win, and exactly what Sydney needs’.

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Are within any no-doc loans (mortgage) available immediately?
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Are you competent to affix your sports car loan and institution loan to a mortgage?
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I am at a Small Business Development Center conference right now, and we just go reviewed business plans. Our reviews from the commercial bankers were done before olden times three weeks, and we were wondering if the companies that got the green...

Bankruptcy and 80/20 mortgage loans?
I filed for bankruptcy and own an 80/20 loan. the 2nd mortgage is 26,000. Will that be discharged and will I still be able to keep my home if I still formulate the payments on the 1st mortgage? Typically, you must continue to bring in payments on both...

Bankruptcy and Mortgage Loan?
How does my Mortgage Loan would be affected if a file for Bankruptcy, I would resembling to keep my home I just have need of consolidate my credit cards, but a refi is not possible since I own more than the value of my property Bankruptcy ruins your credit for...

Bankruptcy and Mortgage Loan?
If my fiance files bankruptcy how does that affect our mortgage loan, we are not behind on it at adjectives and don't want it to be effected. It would depend on what can be worked out. I would get near a bankruptcy attorney to see what can be done....

Banks won't distribute me a conforming loan or a HELOC because I hold too frequent mortgages. Other option?
I have 6 existing mortgages, plenty of positive cash flow and and "excellent" credit rating, but several bank have said that they cannot give me another mortgage because of different Fannie Mae and Freddie Mac...

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