Wednesday, October 31, 2012

Mortgage Broker Training Keeps Your Company In Compliance

Keeping your company in compliance with the laws is essential to the overall success of any business. This is a general fact in most businesses, but when you are operating within the mortgage and financial industry, there are swift penalties to be paid if you are non-compliant. Fines and even imprisonment can be what you are facing if you do not have the proper knowledge and training. Consumers had somewhat lost faith in using a broker to find their loan when there had been so many foreclosures caused by broker activity. Borrowers depend on the honest assistance of mortgage brokers and the housing industry has renewed some of their faith by instituting new regulations. By staying within the regulations set forth, mortgage brokers can now have a lucrative business once again.

Mortgage broker training is not optional when you are running a mortgage business. Training is necessary for all employees, whether you are considered an originator, loan officer or the owner of the company. There are many new rules since 2008 when the Federal Reserve and HUD revised their regulations to prohibit unfair practices. Disclosing yield spread premiums is also one of the new rules, so that the consumer is fully aware of what they are paying. Your mortgage broker training will cover these new laws, as well as adhere to the SAFE Act. SAFE stands for Secure and Fair Enforcement for Mortgage Licensing Act. It was placed in effect to regulate broker's activities and to ensure that every rule is being followed.

According to the SAFE Mortgage Licensing Act of 2008, the roles of loan officers, processors and originators have been more defined. There are licensing requirements for anyone that will be originating loans for the public. Loan processors and underwriters that are supervised and not directly performing origination duties will not require licensing or registration. Licensing is no longer an option for independent loan originators or contractors, so it is advantageous to find the mortgage broker training that offers courses for loan originating to remain in compliance with the law.

The SAFE Act mortgage broker training will entail 20 hours of study towards your NMLS approved education. The training will consist of 2 hours of instruction relating to nontraditional mortgage products and lending standards, 3 hours of laws and regulations on the Federal level and 3 hours worth of ethics. The ethics area will include consumer protection rules, instruction on fraud and all of the fair lending issues. In addition to those 8 hours of training, there will be an extra 12 hours of instruction that is undefined on the practices of mortgage origination. When you are finished with those courses, you can take the NMLS state and federal tests to achieve the licensing that is required in your state. Being properly trained and licensed is the best way to protect your company and its assets.

If you are looking to obtain your state issued mortgage broker license and want to run your own business, there may be other stipulations that you will need to fulfill, along with the mortgage broker training. Licensing for originating loans and operating a business, along with holding a surety bond are a few of the things that may be required for your state. Each state has a list of requirements that you will need to investigate in order to stay compliant. No matter where you broker the mortgage loans, you should look into the training that will keep your company compliant and successful.

Tuesday, October 23, 2012

Square Trade

History & Description of the Service

In 2000, Square Trade launched a cutting edge service to help ebay buyers and sellers resolve disputes on the internet. With the growth of internet commerce, it had become widely recognized that buyers and sellers had no meaningful recourse for resolving disputes that arose from online transactions. Consumer advocacy groups decried the need to protect buyers from online fraud, and sellers on eBay begged from some mechanism to protect their online reputations, such as the feedback system at eBay, from being unfairly discredited. Square Trade launched its dispute resolution service in 2000, receiving its first dispute within 15 minutes of creating an active link from eBay. The mediation service quickly become the largest utilized dispute resolution worldwide, either offline or online.

Square Trade chose to provide mediation, which is a service that assists parties in reaching a negotiated settlement agreement. Mediation is completely voluntary; nobody is forced to participate. Mediation keeps the control with the parties, unlike other models of dispute resolution such as arbitration or a judge & jury. This type of resolution service works effectively because it keeps the parties in complete control of the process and avoids all of the legal jurisdictional quandaries with which the internet challenges legal scholars. Consumer groups were satisfied that buyers would maintain their rights and business advocates were pleased that sellers could be given a mechanism for protecting their reputations.

During Square Trade's history its online dispute resolution service has been expanded to resolve a wide range of disputes beyond the world of ecommerce and eBay. For example, in significant numbers it handled service disputes for eLance, an online services marketplace, and offline real estate conflicts between buyers and sellers for the California Association of Realtors.

Square Trade's network of online mediators draws from an international group of trained and highly experienced online mediators. To join Square Trade's service, mediators are required to have had extensive offline mediation experience and to successfully complete Square Trade's rigorous online training program. The flexibility and cutting edge nature of the work has encouraged most Square Trade mediators to remain committed to the work. All of the current network of Square Trade mediators have been working for Square Trade and handling eBay disputes for well over four years. This group brings sophisticated experience to both their mediation practice as well as understanding the nuances and complications of online mediation.

Does it Work?

Online dispute resolution has been shown to efficaciously resolve problems. Square Trade's experience has shown that several factors enhance the likelihood that an online system will lead to successful resolution of the dispute.

First, parties will be much more likely to settle if they have enhanced reasons to participate, such as geographical distance rendering in person meetings costly or difficult, jurisdictional boundaries making legal systems more challenging to navigate, or structural incentives to participate such as consequences for failing to participate such as a contractual mediation clause or eBay's feedback system.

Second, complex or emotionally charged situations will be more effectively resolved with the assistance of a skilled mediator who knows how to handle emotions in written communications, is aware of distinct cultural norms, and can leverage the mediation process and online technology to create meaningful opportunities for parties to express themselves and transition to resolution.

Third, a tailored online technology such as Square Trade's can facilitate resolution. A clear and well designed intake form enables the parties to appropriately express themselves entering the mediation. A secure arena for participation also fosters crucial trust in the process and system.

Fourth, the disposition of the parties is crucial to a speedy resolution. Researchers from the Kellogg School of Management at Northwestern University published a study of Square Trade's dispute resolution service in the Academy of Management Journal that showed that parties were more likely to resolve a case when they focus on resolution and avoid expressions of anger. See Emotions and Rationality in Mediation: Evidence from Electronically-Mediated Disputes, Friedman, et. al. Jan. 2003, referenced here.

Square Trade's ODR Service Today

Now in its eighth year of service, Square Trade has refined its mediation services to best meet the needs of eBay buyers and sellers. eBay users who have a dispute that includes a feedback issue may, for a small fee, file a case with Square Trade. The filer enters the relevant eBay item number and a brief description of the problem. Thereafter Square Trade's system will obtain relevant details from eBay directly, and contact the other party to notify them of the dispute. Square Trade's system and mediators handle the case according to rules and guidelines established by eBay for reviewing feedback disputes. Most cases are resolved within two weeks.

Monday, October 22, 2012

Information to Gather Before Appointing a Real Estate Attorney

Real estate attorney is basically an authorized legal adviser or representative who can help you sell or purchase a particular property. The property may include any tangible ground, homes, land, furniture or fixtures. Others may include organizations, huge shopping malls, hotels, restaurants and many such properties. Real estate attorney deals in issues including partnership contracts and deals, economic failure or bankruptcy, licensing agreements, business leases and several other issues of similar nature. Are you facing difficulties in dealing with a specific asset or land? Your difficulties have now come to an end with the growing number of experienced lawyers. You can now appoint a good real estate attorney to deal effectively with your property issues. If you have made a choice of appointing a lawyer to put a full stop to your problems, you have made the right decision. Hiring a real estate attorney will save you from a lot of time consuming things like paperwork.

Once you have made a choice of appointing a real estate attorney, the question that arises as to what to do in order to select the best real estate attorney. This article will bring to your knowledge the answer to this question. With growing economy, realty business is also evolving with time and the need and demand of a real estate attorney is also increasing as he is the only person who can guide you rightly to deal with property related issues. Some people might prefer consulting a professional adviser without realizing the fact that these advisers do not have the legal expertise required like a real estate attorney. A real estate attorney can better deal with property issues as compared to professional advisers.

Best real estate attorney will not only provide you with legal advices but also support you and guide you with property related problems that you might face in the upcoming years. Through the process of finding an appropriate lawyer, take advice and assistance of your close links, neighbors and relatives. Refer to people who have personally experienced similar situation and can provide you with useful and valid information. Other possible and easily accessible source is the internet. Everything can easily be found over internet including a good real estate attorney. Almost, all law companies have an official site. These websites contain all the required data about the lawyers available in their company. You can draw down the names of the lawyers suitable for your case and arrange an appointment via telephone or email. This information can also be obtained from the bar association located in your town. There is some information that is essential to obtain from a real estate attorney before making your final hiring decision. Some inquiries that are required to be made are discussed as follows:

Question regarding their past work experience in this field and the kind of issues they had dealt with in their past cases.
Verify his education and status.
Inquire about the work environment in their firm and the resources that he uses to resolve a problem.
As you will be paying him for his time and expertise, it is important for you to know about his availability. Make sure that he is able to give you sufficient time.
Last, but not the least, inquire about the fees he charges and evaluate whether the amount he is charging is worth the services that he is offering you.

Obtaining the above information will help you appoint a good and an experienced real estate attorney for all your property or land related problems.

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Friday, October 19, 2012

The Hercules Dj Control Mp3 E2 Review

The Hercules Dj Control MP3 e2 review, metal-reinforced dummy could survive the apocalypse again pastoral aliment the party moving. Integrated that metal ads up to 15 pounds, however, so prepare to dispel the myth of digital DJ Mixer, rigs preventing back strain.

The Hercules RMX, accomplishes two feats: veritable functioning as a USB audio card for routing 17-bit, 45kHz audio to and from your Mac or PC; besides indubitable works whereas a MIDI hardware interface for your DJ Mixer, software.

The Hercules RMX, is a competent USB DJ control come out and DJ software for Windows and Mac OSX operating systems. The control surface includes analog connections for incorporating external CD decks and turntables, as in truth in that providing balanced further unbalanced outputs to the live pattern. DJ Mixer, software is included and enables computer DJs to access besides mix MP3 files on their Windows or Mac OSX computers.

The most finance matter about the Hercules RMX, is the drivers, besides thankfully Hercules has updated them for windows 7 further Mac compatibility. Prevalent midi controllers on the tout selling yet are discrete Vista capable, hence exist wary of other productions selfsame this. They besides receive a substantial support forum, and a splendid customer service record. Regard that if you're having problems in DJ Mixer, Software you answerability Google the come out and observe the answer.

The brushed aluminum facade of the Hercules RMX, includes an impressive six faders, 49 illumined buttons, and 16 knobs, offering the most control you amenability find importance a DJ Mixer, console at this price rank. Measuring 14 inches far and 10 inches deep, the Hercules RMX, build offers notably of room to play around, with well-spaced controls also buttons.

You'll also find a fuse of quarter-inch headphone and microphone inputs on the front and face of the Hercules RMX. All these audio connections add unraveling to one of the most flexible USB DJ consoles we've tested, allowing turntables, microphones, vinyl players, and speakers to all plug engrossment one central mademoiselle of mixing hardware.

Thursday, October 18, 2012

Major Changes In Indirect Taxes

V. S. Datey

1. Budget 2009 was presented before Parliament on 6-7-2009. The major changes in indirect taxes are summarised below:

2.1-No change in existing rate of service tax - Existing rate of service tax of 10 per cent continues unchanged.

2.2 -New services and expansion of some services - Four new services are proposed to be taxed. Coverage of some existing services is proposed to be altered/enhanced. The levy on new services and expanded services will be effective after Finance (No. 2) Act, 2009 receives assent of President and date is notified.

2.2-1- New Services

a.Transport of goods through rail.

b.Transport of coastal goods and goods transported through inland water.

c.Legal services of consultancy, advice or technical assistance (but not service of appearance before any court of law or any statutory authority). Service will be taxable only when provided by business entity like firms, associates, enterprises, companies, etc., but not individual.

d.Cosmetic and plastic surgery undertaken to preserve or enhance physical appearance or beauty.

2.2-2- Coverage Of Existing Services

a.Job work under Business Auxiliary Service (BAS) is exempt if there is manufacture'. Now, this exemption is available only if excisable goods' are manufactured. Thus, if alcoholic liquor is manufactured on job work basis, the exemption will not be available.

b.Sub-brokers have been exempted from tax. They will also not be liable under Business Auxiliary Service as commission agent.

c.The word acquiring' IT software is being changed with retrospective effect from 16-5-2008 to providing'

2.3- Service tax on transfer of right to use IT software - Packaged, i.e., branded (canned) software is excisable goods' under Heading 8523 80 20 [earlier 8524 91 11, 8524 91 12 and 8524 91 13]. The rate of excise duty is 12% w.e.f.
1-3-2008. Information Technology Software falls under Heading 8524 40 11 of Customs Tariff. Duty is free'. Thus, on import of software (branded or tailor-made), there is no customs duty. However, excise duty of 12% is payable on branded (packaged or canned) software. Hence, CVD was payable if packaged or canned software is imported.

The issue was whether both service tax and CVD/excise duty are payable on transfer of right to use software. It is now provided that service tax is payable and not CVD or excise duty [Notification Nos. 22/2009-CE and 80/2009-Cus dated 7-7-2009].

2.4 -Works contract composition scheme - So far, in case of works contract, if tax was paid under composition scheme at the rate of 4.12%, the value of material supplied free by customer was not required to be included. Now, this value will have to be included while calculating gross amount of works contract'. Further, if contract is split and some amount is shown as sale', that value will also be includible for purpose of calculating gross amount of works contract'.

2.5- Exemptions

a.Private bus operators providing point-to- point transportation of passengers having contract carriage permit' have been exempted from service tax.

b.Inter-bank transactions of sale and purchase of foreign currency when undertaken by scheduled banks has been exempted.

2.6- Services provided to installations, structures and vessels in continental shelf of India and the EEZ - Services provided to installations, structures and vessels in the continental shelf of India and the EEZ by person outside India will be Import of Service' and the person receiving the service will be liable to pay service tax under reverse charge method.

2.7 - Modifications in refund scheme of services utilised by exporters Scheme of refund of service tax on services utilised for exports has been modified. In case of GTA service and services of foreign commission agent (where service receiver is liable to pay service tax), the service tax is exempt [Notification No. 18/2009-ST, dated 7-7-2009].

In case of other services, the procedure has been simplified and (hopefully) refund will be obtained within one month on basis of self-certification or certification of CA [Notification No. 17/2009-ST, dated 7-7-2009].

2.8- Cenvat credit when exempt as well as taxable services provided - If both taxable and exempt services are provided, the assessee was required to pay 8% amount' under rule 6(3)(i) of the Cenvat Credit Rules w.e.f. 1-4-2008. Now, the amount' payable is 6% of value of exempted services w.e.f. 7-7-2009.

2.9- Duty rate - The general rate of excise duty continues to be 8% (Rate of service tax continues to be 10%). In case of many items, the duty rate which was 4% has been increased to 8%, except a few items.

In case of textile sector, the provision as applicable to manmade and natural textiles was disturbed when excise duty was reduced from 14% to 10% w.e.f. 7-12-2008 (and later to 8%) Now, duty regime as prevailing prior to 7-12-2008 has been restored.

3.0-Exemptions from duty

a.Branded jewellery has been fully exempted from excise duty (The duty rate was 2% till 6-7-2009).

b.Goods falling under Chapter 68 manufactured at the site of construction for use in construction work at the site have been exempted [Sl. No. 10 of Notification No. 5/2006-CE, dated 1-3-2006 amended w.e.f.

7-7-2009] (They had become liable to duty in view of amendment to definition of excisable goods' in section 2(d) of Central Excise Act amended w.e.f. 10-5-2008)

a.Printed laminated rolls manufactured with brand name of another person would be eligible for SSI exemption.

b.EVA compound manufactured on job work basis for further manufacture of footwear has been exempted.

3.1- Service taxon transfer of right to use IT Software and no excise duty - See para 2.3 above

3.2- Cenvat credit when exempt as well as taxable service provided and exempted as well as taxable goods - See Para 2.8

Similarly, if both dutiable and exempt goods are manufactured, the assessee was required to pay 10% amount' under rule 6(3)(i) of Cenvat Credit Rules w.e.f. 1-4-2008. Now, the amount' payable is 5% of value of exempted goods w.e.f. 7-7-2009.

3.3- Input does not include steel, cement etc. used for construction of shed, building or structure - Explanation 2 of rule 2(k) of Cenvat Credit Rules has been amended w.e.f. 7-7-2009 to clarify that Input' shall not include cement, angles, channels, Centrally Twisted Deform bar (CTD) or Thermo Mechanically Treated bar (TMT) and other items used for construction of factory shed, building or laying of foundation or making of structures for support of capital goods.

Tuesday, October 16, 2012

Qualities Of A Good Mobile Website For Automotive Dealerships

People are increasingly relying on their mobile phones to research online before buying a product. They are using mobile phones to compare (prices and features of products) and buy.

When it comes to purchasing vehicles, which generally are big ticket items, customers tend to do more research before they buy one. This trend is necessitating the need of a good mobile website for auto dealerships. A good mobile website should have certain qualities; some of them are mentioned below.

Mobile and desktop versions - both should look similar
Many customers might have already used the desktop version of your auto dealership website. So, it is imperative to design a mobile website that is a replica of desktop version for the sake of consistency. This can be achieved by keeping the visuals in both the websites alike. By doing this, even the new users will not get confused when they toggle between the desktop and mobile website.

Simple design that effectively optimizes real estate available
Mobile phones have less space compared to desktops. Hence, the mobile website of your auto dealership should also have a minimalistic design. You may have hundreds of things to show to your customer, but think from the user's point of view what he looks once he enters your mobile website, what would be the better way of presenting things and the like. Based on this, prioritize things and place only the important and useful things for the user. Also, the navigation should be well structured to facilitate customers to complete a task with fewer clicks.

Quick load time
Compared to wired broadband connections, mobile Internet connections are slow. That is, the data transfer takes more time. So, the mobile website should have a user-friendly design in order to facilitate fast loading even on slow Internet connections. Further, as every auto dealership website will have vehicles' images to show to customers; if the page takes more time to load due to these images, customers may get frustrated and leave the site. Therefore, it is better to optimize images so that they don't affect the page load times of your dealership website.

Readable content
The content provides the necessary information to customers. Therefore, make sure that content is in readable text to suit the mobile website. It should not force the user to zoom the page view.

Optimized for various screen sizes
Different mobiles will have different screen sizes. Your auto dealership mobile website should be optimized to fit every screen size. There is a technique called responsive design. Use this technique to design the website, which enables automatic accommodation of the website to scale up and adapt to fit any screen size.

Cross platform compatibility
People use different mobile phones that operate on different platforms like iOS, Android, etc. Therefore the website should be designed to load and operate well on all the platforms. For example, iPhones will not support flash, so designing a website with heavy flash content is not appropriate for iPhones, iPads and other platforms which do not support flash. Therefore, it is better to use only the technologies that will operate well on all platforms.

A good mobile website should have these qualities. Don't lose out the chance of increasing your sales by providing a sub-standard mobile website to your customers.

Sunday, October 14, 2012

Residential Real Estate Markets Crumble from the Bottom Up

The real estate market can be visualized as a massive pyramid. There are very few multi-million dollar properties at the top of the pyramid, and a large number of relatively inexpensive entry-level properties forming the base. Like any structure, if the foundation is weakened, the structure may collapse. In the same way, housing markets collapse from the bottom up due to problems with affordability.

The foundation of a residential real estate market is the entry-level buyer. Entry-level buyers are generally young people starting to form new households. When homeowners want to sell their house and move up to a nicer one, someone needs to buy their house. If you follow this chain of move-ups backward, eventually you come to an entry level buyer. If there are no entry level buyers pushing the sequence of move ups, the entire real estate market ceases to function.

The entry level market was initially boosted the moment 100% financing became available because many more people were enabled to purchase; however, it was imperiled at the same time because of the change in savings incentives. This market was subsequently destroyed the moment 100% financing was eliminated because few entry-level buyers had a downpayment and very few people were in the process of saving to get one.

In the past, people would rent and save money until they had the requisite downpayment to acquire a house. The barrier to home ownership was not the ability to make payments; it was having the necessary downpayment money. When downpayment requirements go up, the number of people capable of buying a house declines considerably, particularly for entry-level buyers who must save this money rather than transfer it from a previous sale. Since few potential entry-level buyers were saving money during the rally, sales volumes suffered dramatically in the wake of the bursting real estate bubble.

The weakness in the base of the housing market is going to serve as a drag on sales and pricing for many years to come. The government will likely come up with some artificial stimulus to encourage sales, but once the stimulus wears off, the same underlying problems will resurface. We must rebuild the base of the housing market through savings and stable financing. This will take time because the bad incentives and practices of the Great Housing Bubble.

Wednesday, October 10, 2012

New Media, New Profit Model Builders Turn On Both Sides-jin Danuo Led Display

12v led strip light Jin Danuo on both sides double LED display, it is in LED display of Foundation Shang increased has three surface double transform picture of function, both combination, disadvantages, makes its both three surface double of scale momentum, and has LED full color display of raging storm; rage tempestuously gorgeous, day for three surface double using, let which two a surface alternating flip, each motor 90 watts of power, both avoid traditional plane advertising of dull and plane of and savings has energy, solution has general electronic display day electricity volume large, Display problem of insufficient under direct sunlight. Go out in the evening and the third, becoming a full-color LED display, making the effect, more diversified forms, without air conditioning and artificial unattended, minimum 55 watts of electricity consumption per square meter, is the traditional LED display one-sixth.

G4 led bulb On both sides double LED display, day is fixed of II a plane advertising, night is full color LED display, both can Omni-directional meet Telecom, and real estate, large customer clock cover requirements, and can good to service Yu video advertising customer, day of II a fixed customer, magnificent, advertising benefit good, customer willing to long-term put, night of LED video effect, not only can play video customer, also can secondary day of customer do promotion, such as play company image tablets,, to reached more angle brand publicity, Realization of advertising effectiveness value, flexible operation mode, zero-risk, zero investment burden in the late, customers can to develop more flexible advertising model, while demand in their own profit, to better protect the interests of advertisers.

led rgb controller And traditional LED display compared to, Jin Danuo on both sides double LED display investment operations more flexible, traditional LED display only play video advertising, on requirements full days Hou cover of large customer,, on only always bemoans has, large customer of loss on LED large screen operators,, not micro-vascular bleeding, but active pulse rupture, long this down, traditional LED large screen under itself investment difficult, and operations cost large, and advertising cover, limitations, will difficult to can negative global, Then unable to realize win-win situation for advertisers and customers.

So-called "troops is not dynamic, stores first", traditional LED large screen in investment zhiqian on must light screen operations, and operations of cost and extremely high, investment smooth is good, once blocked will will directly threat to operators of survival, and Jin Danuo on both sides double LED display is on limited of space for maximum degree of development and using, makes same location implementation profit times even a dozen times times of value-added. Same location, both Tri-fixed income, and LED display multiple customers, optimized portfolio will give customers more flexible business model, completely solve the customer later operations investment problems.

LED display for both sides to Jin Danuo case, compared to the traditional LED display and 200 square meters, Jin Danuo LED display on both sides of annual electricity savings of more than $ 300,000! Minimizes operational costs, and tri-use during the day, LED display actual work time up to 7 hours a day, saving energy much more than these. Its unique mode of work, effectively avoid attenuation of LED display screen to work long hours to speed up electronic components age, greatly extending the life of the screen. If existing national traditional LED displays LED display on both sides be replaced by Jin Danuo, when power 4 million-kilowatt a year, equivalent to the consumption of a small town for a year, while reducing carbon dioxide emissions by about 50,000 tons, not only of the Government of low-carbon and energy-saving requirements, evasion more effectively, electricity, power cuts and shortages of electricity, etc.

Jin Danuo invention patent "bomb axis 360 drive system", Duo color image processing chip, 28 items national patent, on both sides double LED display by virtue of low, and efficient, many advantage for user save large of expenditure, makes user in investment pricing Shang more flexible; without air conditioning and hand unattended, save has operations cost, to guarantee profit space maximize; unit module of of design easy maintenance, without regularly cleaning. Jin Danuo LED display on both sides also have superior wind resistance structure, strong winds from the triangular prism gap and patented designs of Venetian-style back through, minimizing air resistance, ensuring high security. New forms of expression, very low operating costs, quality of rock solid, allowing users more flexible investment strategies, while demand in their own profit, to better protect the interests of advertisers, good cooperation to achieve win-win situation.

Monday, October 8, 2012

The Mechanics Of A MTN Private Trading Program

Considering that top major banks issue Medium Term Notes (known as MTNs and Mid-Term Notes) to raise funds in both U.S. and Euro dollars, we can better understand that they are for the purpose of generating Operating Loans and issuing Letters of Credit to businesses which wish to buy material and products from other business organizations in other countries. To further expand on this in laymen terms, this therefore results in an International Treaty whereby the U.S. Dollar (or the Euro) becomes the common Medium of Exchange for International Trading.

By Federal Law, a European bank is not allowed to sell such Medium Term Notes directly to the Public. They must be issued and sold through a Federal Reserve Licensed Trader; just as in the same context a Corporation or a Municipality must sell Bonds through a Dealer or Underwriter.

The Trader, aiding in the distributional sales of newly issued MTNs from the major sized Bank will have a B (Billion) contract (or of equivalent amounts) with the Issuing Bank to purchase MTNs for immediate resale. This Trader would instigate the following:

A Non-Revocable Contract (see further explanation in Paragraph A) with an Exit Buyer, such as a Pension Fund, to buy those MTNs from them immediately, and with a contract with a Participating Investor, acting as the Trader's 'Associate' to furnish the Proof Of Funds (POF) required, simply as a formality, to start and continue the Purchase and Resale series of Transactions.

The Trader also makes contractual arrangements with their own bank, through their bank's 'Back Room' Trading Department, to act for them during the Transactions of 0M (Million) or greater. This 0M amount is the minimum set by the U. S. Federal Reserve for this type of Bank issued MTN Distribution.

The 'Associate' thereby arranges for their own bank to issue to themselves a POF using 0M in Cash Funds, which are wholly owned by them, in their account at their own bank. This enacts the ability to obtain cash credit of 0M for the POF. This POF is then sent to the Trader in accordance with the contract between Trader and their 'Associate'.

It is important to note that Medium Term Note Trading is a very specific process. When less than experienced Associates expect absolute perfection and "up-to-the-minute" communication, these immediate reactions inevitably cause more delays, short-comings and frustrations on behalf of not only the Associate but the Trade Platform as well.

Several factors influence the timing of entering a trade; the current availability of Medium Term Notes, which can easily be in short supply, the timing of the trade submission and the specific programs that cancel without notice. On occasion, these unexpected market trends give a false illusion resulting in the sophisticated MTN Trading Platform to appear chaotic. Nothing is further than the truth.

Below is a typical scenario of a Private Mid-Term Buy/Sell Program.

a. The Trader's Bank communicates with the Issuing Bank as well as with the Exit Buyer's Bank, obtaining a detailed agreement with the Issuing Bank Officer and with the Exit Buyer's Bank that they are both prepared to commence the contracted series of Transactions. The Exit Buyer's Bank forwards a POF to the Trader's Bank for the amount of the first purchase of 0M (Note - When a POF has been issued for the Exit Buyer and forwarded to the Trader's Bank, there is a legal Funding Commitment to complete that Transaction, which may NOT be revoked while the transaction is taking place).

b. The Trader's Bank forwards to the Issuing Bank a POF in the name of the Trader and requests that a MTN be issued in the name of the Trader, along with an Invoice at a discounted price, say for example only M, payable in 8 Hours.

c. A copy of the Note and an invoice at M, is forwarded to the Trader's Bank, which authenticates signatures and MTN terms to verify compliance with the Purchase Contract.

d. The Trader's Bank then forwards the copy of the MTN, along with a Conditional Assignment of the MTN, to the Exit Buyer's Bank, along with an Invoice at the Exit Buyer's Purchase Contract Price, 0M for example purposes, payable in 4 hours.

e. The Exit Buyer's Bank authenticates signatures, verifies compliance with the Purchase Contract, and pays the 0M Invoice price to the Trader's Bank for credit to Trader's account, within the 4 hour limit.

f.The Trader's Bank pays Issuing Bank's Invoice for M within the 8 hour limit, along with instructions for the Original MTN to be sent to the Exit buyer's Bank by courier.

g. The Trader's Bank debits the Trader a Bank Fee (1/4% for example purposes) for their Services Rendered, and forwards the balance, 0M minus M minus 1/4 %, to the Trader, who pays the Trader's 'Associate' for their Service Rendered.

h. The Procedure used for this example, typically takes place 4 times each day of a 4 business day week, and repeats until the Trader's Purchase Contract is completed. Using this formula, the weekly payments to the 'Associate', would be equal to 22% of their POF amount. (3% per transaction x 4 per day x 4 days per week = 48% - 4% as Bank Fee = 44% / 2 = 22% = M per week)

Note: The Operation described above is a very conservative one. There are other MTN Trade Operations, of the same MTN basis but involving a resale of the MTNs by the 'Exit Buyer', which have a higher Rate of Return to the Trader involved, and therefore an even higher payment to the 'Associate' involved.

An experienced Associate can safely state that with the listed procedure and controls for the Transactions, the only reason for a Transaction failing, once commenced, would be for the Exit Buyer's Bank to default on completing a contracted purchase of a Note, which would result in a jeopardy to their Bank Charter.

Should any default take place, it would be quite simple for the Trader to make the required Payment, using their own Funds, to complete their purchase of the Instrument, and to immediately sell it to a different contracted Exit Buyer. This action by the Trader eliminates any risk of loss by the Buyers and Exit Buyers and 'Associate'.

NOTE: With minor variances in the connection of an Investor's Funds to a Trader's 0M Operating Fund, an Investor may enter into an Operation with M, or more, with similar percentage payments to them for services rendered. By the same token, an Investor may enter into a trading operation with as much over 0M as they have available.

Thursday, October 4, 2012

Improve Your Odds Of Getting A Home Loan By Making Use Of A Mortgage Broker

If you are not part of the elite wealthy, being able to buy the house of your dreams is one of the hardest things you will ever have to do on a financial level. In most cases, the average person will have to apply for a home loan in order to get a house. Getting a home loan isn't necessarily simple. Many individuals will find that they have to apply for a loan through several companies until they find one that will approve their loan. A mortgage lender must be very careful who they give loans to, as they need to make sure that the person or persons on the loan is going to pay it back on time.

Unfavorable credit scores are often the culprit of declined home loans. Lenders will also need to look carefully at the hopeful homeowner's time frame at their job and income as well. If these things are not all up to snuff as far as the home lender is concerned, it can be tough to get your loan application approved. When you are in this type of situation, you may find help the help you need by hiring a mortgage broker.

Most people are unacquainted with what a mortgage broker is. Basically, a broker is a person that acts as the middleman in between the home buyer and lender. Anybody who is new to the world of buying a home should look into getting help from a broker. Brokers will help by managing the confusing paperwork so that the buyer needs to only read the application through and add their signature to the paperwork.

A broker will function on your behalf to identify a company that will take a chance on your mortgage application. This helps save you the time and headache of repeatedly applying for a loan and having it rejected. Whereas you will probably find all the legalese and paperwork highly confusing, a broker understands exactly what paperwork is needed. One of the greatest things about getting assistance from a broker is that their help will increase your chances of being approved, and they will also try to help you secure an interest rate that is lower than what you might find on your own.

It is very important that you choose the right lending firm to ensure that you get a loan that you are able to afford to repay within a reasonable time frame. You'll have a good chance of doing this when you have the help of a mortgage broker in your court. With that said, it is also just as essential that you hire a broker with the right credentials. Precisely like you would do your research to search for a doctor, you should do the same when choosing a mortgage broker. You need to have a highly qualified individual who has a stellar record in his or her distinctive line of work.

National mortgage lenders are companies whose end goal is to make money off of the interest they charge. If the lender feels that you or anyone else simply cannot pay the loan back as needed, they will turn down your application. If you cannot pay the loan back, the mortgage lender will lose money. A mortgage broker will help you navigate this confusing path. If you wish to have a home that you can enjoy, your best bet is to boost your odds of securing a loan through the help of a mortgage broker.