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April 11, 2006

Washington Regulates Mortgage Professionals

Good round up on the new state laws in Washington regulating mortgage brokers.

On March 9th Washington State’s Governor Christine Gregoire signed House Bill 2340 which will regulate all Loan Originators in the brokering of residential real estate loans. According to Washington Association of Mortgage Brokers the new legislation requires the following:

 

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New Law To Regulate Mortgage Professionals

Posted on April 11, 2006 08:43 AM by Mortga104.
Filed in Mortgage Calculator under mortgage brokers.
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Comments

Yeah, and how does Lenox pay for their radio market saturation, bombarding the major market airwaves with an average of 1 annoying ad per hour, 24 hours a day, on an average of 10 stations in a major metropolitan region at say an average cost of $500.00 for a 30 second commercial! That amounts to approximately 24x10x$500.00 or $120,000.00 per day per region of which probably they market into lets say 10 regions across the country which means a total of $1,200.000.00 per day spent on advertising their mortgages which comes to $8.4 million/wk or $436,800,000.00/yr!!!

And who is this Wesley Hogan anyway, and does he really exist or is this just a front for the real
owner of this outfit, since there is no mention of a Wesley Hogan on their website?

And just think how much money this outfit must be taking in if they can throw away $436.8 mil. a yr. on pushing their product.........that must be your money and your real estate my friends.........think about it!!

Posted by: Ronald Koehler at January 22, 2007 04:12 AM

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