Welcome to the April issue of MSS Monthly Newsletter for Mortgage Professionals. This issue is 100% focused on the market and staying ahead in 2010.

• Updates to the FHA Final Rule
• FREE letter for you to share with your
   REALTOR® partners
• MSS Monthly Poll
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Mortgage Success Source
  April 2010  

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Spring has sprung.
Time to let your business blossom!

Here are 5 things you need to know about updates to the FHA Final Rule

Courtesy of Jeff Mifsud

Jeff Mifsud

1. All companies applying for FHA lender approval (DOES NOT APPLY TO BROKERS) after May 20th, 2010 will need to meet the new net worth requirements, which are $1 million for la...rge businesses and $500 thousand for small businesses (as defined by the SBA).

2. By May 20th, 2010, all currently approved FHA lenders (NOT BROKERS) will need to meet the new net worth requirements as stated above. The rule does not define the method HUD will use for verifying net worth requirements by this date.

Click here for the rest of the items PLUS a free recording from Jeff

Whether you are a seasoned veteran or new to the industry, the LoanToolbox Platinum Package FREE 30-day trial membership provides everything a loan originator like you needs to grow their referrals and bring in more business! Click Here for a FREE 30-day Trial Membership of The LoanToolbox.

Educate and deepen your REALTOR relationships this Spring


FREE letter for you to share with your REALTOR® partners

The Spring marketplace has sprung! Now is the perfect time to get out and nurture your REALTOR® relationships. Many real estate professionals are anxious to get their businesses blossoming. Yet, many are still unaware of the 2010 GFE changes that went into effect earlier this year and how they affect them. You're in the perfect position, as a mortgage professional who has embraced these changes, to communicate, educate and stay in front of your REALTOR® partners on this critical topic. You will deepen your relationships as the expert in your market. Find a letter proven you can use to do just that! Download this letter when you click here.

Mortgage Market Guide (MMG) delivers everything a loan originator needs to be more successful including instant repricing alerts, industry updates, bond quotes and more. Don't let another day go by without having an MMG membership working for you! Sign up today for a FREE 14-day FULL ACCESS Trial Membership of MMG.
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Got an Opinion?

Got an opinion? Take part in our monthly reader opinion poll below to let your voice be heard and to find out where your answer ranks. There will be a new question every issue. Make sure you check back often!

What helps motivate you in your role as a Loan Officer?

a. Sales meetings
b. Seminars, conferences, guest speakers
c. Knowing that you are helping others with one of the most important financial decisions of their lives
d. Money money money

Are you prepared...really prepared to take the S.A.F.E. Test? Have you completed all the pre-licensure hours and prepared to take the test required to maintain your license as a Loan Originator? Check out the MSS Learning Center for all your S.A.F.E. Act Test Prep and Pre-licensure needs.

P.S. We hope you enjoyed the April issue of the MSS e-zine and that you found it helpful. We're already hard at work getting the May issue ready where we'll have even more great videos, stories and tips that we're sure you'll enjoy. Please let us know what you think! We'll be glad to hear from you. Send us an email at: support@mortgagemarketguide.com.