Phil Grossfield's Blog

My Schedule…and A Little Extra:  |1|  Halloween is my favorite holiday…today I will be attending my daughter’s school Halloween party and of course there are many festivities planned for later in the early evening.  Unfortunately my 4-year old is extremely sick and that will be a little challenging but we’ll find a way for him to enjoy the day too.  |2|  Again, my thoughts and prayers to those on the east coast.  This morning’s news is reporting 57 people dead and over $20 billion in damages…unreal.  Again, sending concentrated good thoughts and positive energy their way….

My Job Opportunities: |1| Interbank is looking for senior underwriters working remotely from home.  There are 15 positions available!  |2| One of my brokers in Laguna Nigel is searching for a Processing Manager…  Please email me if you know anyone looking for an opportunity.

My Schedule: Sporadic coverage with the holiday…this morning I will be available around 10:30a and then most of the day.  This afternoon I will be ending the day early for the holiday festivities….

My Procedures:  For comprehensive guidance on how to submit, lock, order your appraisal, etc.:  Phil’s Help on Procedures.  For my guideline guidance:  Phil’s Guideline Guidance.

My thoughts and prayers…sending concentrated good thoughts and positive energy your way….

My Schedule…and A Little Extra:  |1| My thoughts and prayers to anyone in the wake of the storm…the pictures of Hurricane Sandy are frightening but apparently it’s a slow moving category 1 hurricane.  |2|  One of my brokers in Laguna Nigel is searching for a Processing Manager…if you know anyone looking for an opportunity, please let me know…thanks.  |3|  Halloween…bring it on baby!  We went to Bates Nut Farm yesterday which has become a tradition in our house.  The kids run through the maze to find the stations and get a stamp!  Go down the slide!  Get some ice cream!  Pick pumpkins in the huge pumpkin patch!  I love Bates Nut Farm.  Afterwards we came home and me and the kids cleaned out and carved Jack O’ lanterns.  I really enjoy doing it and since my kids are pretty young I end up doing most the work.  It’s all good my friends!

My Schedule: I’m in a webinar for our new CIC automated system which is launching this week.  I’ll be available the rest of the morning and early afternoon.  I will be unavailable after 4p today.

My Market Watch:  Bonds opened better today as Hurricane Sandy bears down on the east coast.  The stock market is closing down early today…might be closed now….  My Disclaimer

My Procedures:  For comprehensive guidance on how to submit, go to:  My Help on Procedures.

My Schedule…and A Little Extra:  |1| The Vikings looked pathetic last night.  I realize this energy I’m putting into the universe is not positive nor healthy…but come on!  I was brought up to root for my team…and they sucked the big one!  Being a hard-core Vikings fan can be brutally painful.  Last night I was in agony.  What an awful performance both defensively and offensively.  The best part of our game was our kicking and the most entertaining part of the game was when Jared Allen got mad.  Ponder looked like a frightened puppy.  His decision making reminded me of a horror film where the guy goes down to the lake to investigate the weird sounds despite the creepy music playing in the background…DON’T DO IT…BAD IDEA!…DON’T THROW THE BALL INTO 5 DEFENDERS WHILE RUNNING OFF BALANCE INTO THE OPPOSITE DIRECTION!  One bad decision after another…just awful.  Again, I realize this isn’t great energy this morning so I need to shake it off and think about something more positive.  Hey it’s almost Halloween!  Whohoooo!  |2|   From yesterday, I could easily be you.  Don’t believe me?  Watch this:  Amazing Mind Reader Reveals His Gift.

My Contests:  My wife the Travel Mama is running a contest for a free hotel.  Radisson is giving away a free night stay to one to celebrate its 50th anniversary.  Not many have entered yet so there is a very good chance you could win…click here:  Free Hotel Stay – Radisson.

My Procedures:  For comprehensive guidance on how to submit, go to:  My Help on Procedures.

My Disclosures Heads-Up:  We have a fairly extensive list of required disclosures…this eliminates potential lawsuits and as such allows us to be more competitive.  We accept your Broker’s disclosures (i.e. from Point or Encompass), except for the Anti-Steering Disclosure.  If you can’t find the disclosure below in Point or Encompass, then find it on the Forms Page.

1. *Broker Fee Agreement (distinguishes lender paid or borrower paid) – IMPORTANT – Receiving will cancel your submission if the Broker Fee Agreement is not dated within 3 days of the GFE…if the file gets cancelled you will have to wait the 10 days before you can resubmit
2. *Servicing Disclosure Statement – IMPORTANT – Receiving will cancel your submission if the Servicing Disclosure Statement is not dated within 3 days of the GFE…if the file gets cancelled you will have to wait the 10 days before you can resubmit

My Market Watch:  Bonds opened better today and rates/pricing are better as a result.  My Disclaimer

My Schedule: Behind the computer most of the day….

My Schedule…and A Little Extra:  I could easily be you.  Don’t believe me?  Watch this:  Amazing Mind Reader Reveals His Gift.

My Contests:  My wife the Travel Mama is running a contest for a free hotel.  Radisson is giving away a free night stay to one to celebrate its 50th anniversary.  Not many have entered yet so there is a very good chance you could win…click here:  Free Hotel Stay – Radisson.

My Procedures:  For comprehensive guidance on how to submit, go to:  My Help on Procedures.  Note, receiving is starting to cancel submissions where the Broker Fee Agreement and the Servicing Disclosure Statement are not dated within 3 days of the GFE…if the file gets cancelled you will have to wait the 10 days before you can resubmit.

My Disclosures Heads-Up:  We have a fairly extensive list of required disclosures…this eliminates potential lawsuits and as such allows us to be more competitive.  We accept your Broker’s disclosures (i.e. from Point or Encompass), except for the Anti-Steering Disclosure.  If you can’t find the disclosure below in Point or Encompass, then find it on the Forms Page.

1. *Broker Fee Agreement (distinguishes lender paid or borrower paid) – IMPORTANT – Receiving will cancel your submission if the Broker Fee Agreement is not dated within 3 days of the GFE…if the file gets cancelled you will have to wait the 10 days before you can resubmit
2. *Servicing Disclosure Statement – IMPORTANT – Receiving will cancel your submission if the Servicing Disclosure Statement is not dated within 3 days of the GFE…if the file gets cancelled you will have to wait the 10 days before you can resubmit

My Market Watch:  Bonds opened worse today as stocks are rising.  This is in response to news from Europe.   My Disclaimer

My Schedule: I have a couple appointments today and will return calls and emails in-between….

My Schedule…and A Little Extra:  My wife the Travel Mama is running a contest for a free hotel.  Radisson is giving away a free night stay to one to celebrate its 50th anniversary.  So far not that many people have entered so the chances of winning are pretty good!  If you want to win, click here:  Free Hotel Stay – Radisson.

My Fun Stuff:  If you want to laugh, watch this:  Child Dance Prodigy?

My Market Watch:  Bonds opened a little worse than yesterday and are trading in negative territory so far.  However, the market is relatively flat since opening despite a C-rated 5-year note auction and a U.S. mortgage fraud lawsuit filed against Bank of America today…they are accusing BOA of intentionally originating and selling thousands home loans that later defaulted to Fannie and Freddie.   My Disclaimer

My Schedule: I am available most of the day today….

My Schedule…and A Little Extra:  My Mom wrote this in response to my post that I Can Fix America.  “You may think this funny, but it is true (some of it ) and it make sense. Just don’t get any ideas to run for president. They will dig up all kinds of things about your Mother that you don’t want to know. Love Mom”  Mom, I am more concerned about the photographs they’d find of me….

My Fun Stuff:  If you want to laugh, watch this:  Child Dance Prodigy?  If you want to win, click here:  Free Hotel Stay – Radisson.

My Market Watch:  Bonds are trading higher this morning arguably because of weak economic news out of Europe news, Spain in particular.  As a result, rates/pricing are better this morning.  To explain, economic news that is reported as poor in Europe translates to a world economy that is not expected to perform well.  In other words, traders interpret this news as bad for stocks.  As a general rule, when traders feel stocks are a bad bet, then they pull their money out of stocks and invest in bonds instead.  Put another way, when stocks are sold off (go down) then bonds generally sell (go up).  When this happens, rates/prices get better.  Keep I mind that these days traders are looking for quick profits…that is, if they can buy bonds cheap this morning, they might try to sell them off at a higher price later in the day or tomorrow to pocket the profits…can you dig it?  Let me know if you have any questions, okay?   My Disclaimer

My Schedule: I am available most of the day today….

My Schedule…and A Little Extra:  |1| Installing or fixing a ceiling fan is about as far out of my comfort zone as eating monkey brain.  I realize some cultures eat monkey brain and that’s just fine, but it’s not for me.  Neither is fixing a ceiling fan.  It wobbles above the master bedroom bed like its mad at us and I need to put it in its place.  After all, I am the master of my domain, am I not?  No stupid ceiling fan is going to intimidate me!  I’M THE MAN!  So, does anyone know an inexpensive handyman?   |2| In case you missed this last week, check this out:  A Stunning Map of How Foreclosures Ate America and The Words the Candidates Used.

My Market Watch:  Bonds are trading worse this morning which is not untypical for a Monday after a price improvement from Friday.  There is nothing significant scheduled for today so the markets would likely move only on geopolitical news, etc.   My Disclaimer

My Schedule: I am at the doctor this morning from 10:30-noon and then available the rest of the day.

My Schedule…and A Little Extra:  |1| My daughter has learned to use the phone…and use it she does!  I guess a phone etiquette discussion is in order, eh?  |2| Check this out:  A Stunning Map of How Foreclosures Ate America.  |3| Check this out:  The Words the Candidates Used.

My Market Watch:  Bonds are trading better today as stocks move lower.  When stocks do poorly, typically traders are taking money out of the stocks to invest in bonds which improves rates/prices.  Rates should be better today.  There is a lot of volatility left in the market…stay on your toes today!   My Disclaimer

My Schedule: Unavailable this morning until around 11:00….

My Schedule…and A Little Extra:   Yes, I can fix this country…my post yesterday is bullet-proof.  One thing I forgot to mention…after I change the Presidential term to 6 years, the President does not participate in a re-election campaign.  Rather, after the President has served 5 years, there will be a vote by the House, Senate and Congress on whether to extend the term for another 2 years for a total of 6-years.  I’ll have to figure out the exact number of votes and logistics needed but suffice it to say it will take more than just democrats or republicans to get an extension.  If not extended, the President is out after 6 years and a new election commences with brand new candidates.  This way the President is never using time and focus to get re-elected so all his or her energy is dedicated to the country for the entire 6-year term.  Did I mention yesterday that my $500 million consulting and execution fee that I will charge America will need to be paid in cash?  Oh, and I’ll need half paid up front.

My Market Watch:  Bonds are trading a little better after losing almost a point in price over the last week.  However, technical signals do not favor bonds right now.  In other words, I’m not bully on bonds.  Put yet another way, I recommend caution in how you treat locks…watch the market closely and be prepared to pull the trigger if necessary.   My Disclaimer

My Schedule: Available late this morning and all afternoon….