titleadvocatesblog

In reading CNN this morning, the statement that Obama's plans for mortgage adjustments has only helped 55,000 borrowers is extremely concerning.  It seems so ironic that the mortgage companies are the ones that got us here with their bad practices and now the future seems to be set in stone as the complexity of these mortgages prevents servicers from modifying them to protect our markets from total collapse!  Our government must understand that time was of the essen

Have we reached a saturation point of insensitive, face-less, and impersonal relationships?  If so, it might be a great time to open a bank or for local banks to focus more on the personal experiences they can offer.  I was asked a while back what caused all of this mess and I respond with what was certainly an over simplified response but one I truly believe.  We all reached a point of growing business to the point that we forgot the simple principal of “good” business and what makes good business.

Continuing to hear nothing but heartache for those trying to get qualified for a loan!  After all the trouble we have been through can no one see that this is an issue of getting people to be in a position to purchase a home and the key to everything is getting qualified!  How can Obama’s people not know this, fix the qualification standards!  What are you hearing in your state?

Do you believe that you as an industry have an identity? This recent RESPA reform and certainly any action taken by the MBA (e.t. MIRA) suggest the Settlement side has no identity and they don’t seem to want to acknowledge it.  I am just suggesting that shouldn’t there be a distinct line drawn between the Financial and Property side of the transaction?  When do we get recognized and treated with equal respect at the Big Boys table?

If you are an Independent Title Company owner will you continue to be silent on every issue that comes your way?  Will you allow your business which may have been your father’s go the path of the Independent Pharmacy, the Independent Bank, or the Independent Hardware Store?  The world is changing, the sky is falling and it will probably fall on your head!  How will you get involved?  How will you protect your interests?  How will you compete in this new world that is undefined and how do you know whether this signifies the end or not?

 
How do you keep government from issuing another “half-baked” regulation?  Tell the government that you don’t need regulation and write it for them!  This is exactly what MBA has done with the MIRA legislation!  The problem is, does that accurately represent the Settlement Industry?  Who is participating and representing the Industry?  If this is representation why isn’t there more in the form specific business practice definition related to Settlement, seems kind of ME TOO!

Do you realize that The Jetsons was created in 1962?  Do you think this Industry is behind the times?  What is going to take for this industry to adopt formalized business practices?  When will this Industry realize that it’s healthy to dream, it’s healthy to change, and HUD, OBAMA, and the Fed are going to change everything!
 
“If you think you’re on the right path and sit down, sooner or later you’re going to get run over!”
Roy Rogers

Do you feel the symptoms?  This week is proving to be very interesting and with nobody really knowing which way is up!  Fort Worth, Texas closes all schools affecting 80,000 students for 1 confirmed case of flu, WOW!