Mortgage Lending 2010 - get out thugs coming

The mortgage business was decimated by the housing recession and bond market implosion of 2008. Then regulators like our own Todd Rokita here in Indiana took over and finished the project. They beat on lenders, good and bad. They increased fees, they started shopping receptionists and trying to trap them into saying something wrong and then fining or suing the company.

What has our world come to when a $10 an hour receptionist has to worry about being too nice and answering the questions of a customer? Now Representative Rokita ought to be embarrassed that his staff acted so liberally and like government morons.

I digress ... I'm no longer in the mortgage business. I do still provide some consulting, although in saying that online I'm probably putting myself in the way of a lawsuit by some government flunkie. If you're interested in a mortgage loan in NW Indiana, call James Snyder at 219-762-7200. Don't ask the receptionist for a rate quote though, you'll both end up in jail.

This round robbing of speed blogging is picking up speed, where next? Oh yes, remember the good ole days of down payment assistance on an FHA loan? go there!

Local effort - Keep it in our community

A great real estate office teams with one of my favorite local community groups, can't go wrong. Great work!

Jeanne Sommer/Century 21 Alliance Group donate to 'Keep it in our Community' program:

VALPARAISO Recently Jeanne Sommer of presented two checks to Jennifer Peek and the Porter-Starke Services Foundation through Century 21's "Keep It inOur Community Program." Both donations are a percentage of Sommer's commission on real estate transactions conducted by Porter-Starke Services employees.

Lisa Lemmons, a day treatment specialist, purchased a Chesterton home brokered by Sommer. As an employee of Porter-Starke Services, Lemmons was able to take advantage of savings on closing costs andother perks offered by Century 21 Alliance Group. The partnership between Porter-Starke Services and Century 21 Alliance has shown a marked increase over the past few months.

'The Foundation has already received over $1700 through the KeepIt in the Community Program,' Peek said. 'We are thankful for the ongoing support that Jeanne and the Century 21 Alliance Group has provided us and the programs that we serve.'

Porter-Starke Services is a not-for-profit community mentalhealth center headquartered in Valparaiso, with offices in Knox and Portage. The Porter-Starke Services Foundation supports mental wellness initiatives throughout the community. More informationabout the Porter-Starke Services Foundation can be found atwww.porterstarke.org/foundation.

The Century 21 Alliance Group can be reached at (219) 476-4507. Further information about the 'Keep It In Our Community' program can be found at www.keepitinourcommunity.com.

Indiana Mortgage Experts - Daily Market Briefs

parking this blog until we roll out our daily real estate professionals market briefings.

This will be a subscription service, sent out by blog and email every morning around 5 a.m. Eastern time. If you are interested please head over to Northwest Indiana Mortgage and Real Estate Blog and leave subscribe on the email subscription box halfway down the right side.

We should have this service rolled out by December 15th in beta test at least.

If you have other questions email me

Steve Dalton
Northwest Indiana Real Estate and Market Analysis
Economic Development