Portland Mortgage Broker who is Accountable
Posted On: July 22nd, 2010 by James Posted In: Financial Health • Local Interest • Mortgage Programs • Mortgages
I was listening to the Adam Corolla show the other day and he was off on some rant about how horrible the airline industry has become. Horrible customer service, zero pride or respect from airline employees. I also heard an anecdote about the airline industry that each flight only makes an average profit of $100 dollars or so after all the expenses are backed out. It got me thinking about my mortgage industry and how many new regulations will likely point us towards this type of experience in the future with getting mortgages.
Conversely, I also began to fantasize about what might happen if some of the current mortgage business model were applied to the airline industry- particularly that of the “commission only” sales model. What if flight crews, and ground crews could pick their own members, and work together to create a fantastic customer experience. They would make their own websites, and try to make it easy for Continue Reading – Portland Mortgage Broker who is Accountable
Attention Facebook Followers!
Posted On: January 9th, 2010 by James Posted In: Local Interest • Portland Real Estate
Hello and Happy new year to those of you who connect with Pdxhomeloan via the facebook “networked blog” feature. I am re-organizing my whole communications platform for the new decade!
What will be happening is, this website: Pdxhomeloan.com will be repurposed, and its blog functionality will be greatly reduced. I will be transferring all future blog posts to my new mortgage blog: www.oregonmortgageblog.com
Please get connected to me in this same way that you’ve come accustomed to by clicking this link to the networked blogs fan page, and following this rss feed.
I really value your willingness to communicate with me, and I’m always looking to deepen our conversation. Please give me any feedback good or bad, and I’ll do my best to make you guys the most informed real estate enthusiasts in Portland!
Keep Portland WARM
Posted On: December 10th, 2009 by James Posted In: Local Interest
I’ve recently had the opportunity to sponsor a grassroots effort to mobilize unused (meaning currently not-in-use) sweaters, hats, scarves, gloves, blankets, anything warm etc. here in the Portland metro area. My friend and client Scott Davis has started an “emergency sweater drive” inspired by the brutal and bitter chill that has taken us all by surprise.
I am making our HQ office of Mortgage Trust into a “drop point” for all of my clients and friends. There are other places to donate and other ways to get involved. I invite you to engage with us in this effort, our goal is to collect 500 items before Christmas Eve. If you are out of the area, you can feel free to mail a clothing donation to us here at Mortgage Trust. Please just send it c/o James Adair and I’ll make sure it gets to the right place. If you are in the area, please swing by our offices and bring what you can.
Continue Reading – Keep Portland WARM
Best Podcast EVER?
Posted On: June 12th, 2009 by James Posted In: Local Interest • Portland Real Estate
Well the NPR radio show “This American Life” has done it again. They have created another program that clearly explains how complex the financial crisis is, and why it is so difficult to point the finger at any specific agency or company. Please do yourself a favor and make time to listen to this one hour podcast, stream it over the web or copy it into your mp3 player of choice. I learned so much from it.
They explain that a huge part of the problem lies in the role that ratings agencies (Moodys, Standard & Poors etc) currently have. In the late 30′s the FDR administration made it a law that any big pension fund or retirement fund making investments could ONLY purchase bonds that were AAA rated. That AAA rating is a virtual guarantee that the money would be paid back to the bond holder. Well, all of the subprime mortgage backed bonds got this AAA rating, and then got downgraded to B’s and C’s. When this happened all of the pension funds were LEGALLY REQUIRED to sell them ALL AT THE SAME TIME! So we all know what happens to the price of a thing when everyone is selling and literally NOBODY is buying. The price plummets.
Continue Reading – Best Podcast EVER?
