The Code: \u00a0How the Mortgage Industry Could Self Regulate<\/a> a few days ago. \u00a0Alas, my baby blog is a PR2 and I doubt too many people saw it. \u00a0I think it’s an important concept and I am grateful for a venue like Bloodhound Blog to facilitate the conversation.<\/p>\nIf you leave it up to your government, you get lame-brain ideas like HVCC. \u00a0I’m telling y’all right now, right here that I’m going to do my little part to protect the general public from the bad guys. \u00a0We need to clean up our own industry. \u00a0Brian Brady has it right in my book: \u00a0you do wrong and he’s gonna “come down on you like a ton of bricks”. \u00a0People look to us as fiduciaries, and I do believe in buyer beware. \u00a0But unfortunately the doofus who doesn’t do his homework and gets himself ripped off just lowered the property values of every smart guy on his block.<\/p>\n
So here’s the question I want to pose to the Bloodhound Community:<\/h3>\n
I know a bad guy, a predatory lender who ripped off hundreds of borrowers. \u00a0He went away for a while and now he’s back. \u00a0What can I do about it? \u00a0How do we take our industry back?<\/p>\n","protected":false},"excerpt":{"rendered":"
I’m in a lousy mood today and I need your help. The crooks are resurfacing. If you thought the bad guys have been flushed out of the system, I’ve got some bad news for ya. \u00a0We spend an inordinate amount of time debating who and what caused the mortgage meltdown. \u00a0We spend very little time […]<\/p>\n","protected":false},"author":51,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[62,29],"tags":[],"class_list":["post-8666","post","type-post","status-publish","format-standard","hentry","category-dirty-laundry","category-group-therapy","no-featured-image"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":2175,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/2175\/psa-watch-the-debate-on-hr-3915-live\/","url_meta":{"origin":8666,"position":0},"title":"PSA: Watch the Debate on H.R. 3915 Live","author":"Morgan Brown","date":"November 6, 2007","format":false,"excerpt":"The debate is underway in the Financial Services Committee on The Mortgage Reform and Anti-Predatory Lending Act of 2007 you can watch it live here. (Clicking this link will launch your video viewer). I'm interested in seeing how poorly the politicians understand the concepts they are debating. Enjoy.","rel":"","context":"In "Lending"","block_context":{"text":"Lending","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/lending\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6814,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/6814\/youre-gonna-need-a-shovel\/","url_meta":{"origin":8666,"position":1},"title":"You’re Gonna Need a Shovel","author":"Sean Purcell","date":"February 4, 2009","format":false,"excerpt":"When I was young, my father taught me a very simple story: A man walks by a big room and sees that it's chest high in manure.\u00a0 \"Quick,\" he says \"someone get me a shovel.\u00a0 There must be one helluva horse in here somewhere!\" Now the message was always clear:\u2026","rel":"","context":"In "Big Mother"","block_context":{"text":"Big Mother","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/big-mother\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10131,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/10131\/i-was-joking-honestly-i-was-really-joking\/","url_meta":{"origin":8666,"position":2},"title":"I was joking – honestly, I was really joking!","author":"Tom Vanderwell","date":"October 20, 2009","format":false,"excerpt":"Approximately a month ago, I was getting a client approved for a mortgage with mortgage insurance and while going over the details of what we needed to document the deal, the customer deadpanned to me, \"Where do I go to get the bloodwork done?\"\u00a0\u00a0\u00a0 My response, \"Nah, we don't need\u2026","rel":"","context":"In "Dirty Laundry"","block_context":{"text":"Dirty Laundry","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/dirty-laundry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5071,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/5071\/mortgage-market-week-in-review-12\/","url_meta":{"origin":8666,"position":3},"title":"Mortgage Market Week in Review","author":"Tom Vanderwell","date":"October 17, 2008","format":false,"excerpt":"Well, here we are and it\u2019s time for another Mortgage Market Week in Review.\u00a0\u00a0 This week, we\u2019re going to talk about consumer spending, consumer confidence, the new normal, where\u2019s the bottom?\u00a0and why interest rates have had a 1 percent up and half percent down swing since last week Wednesday. Consumer\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4484,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/4484\/bloodhound-blog-radio-hosts-matthew-padilla\/","url_meta":{"origin":8666,"position":4},"title":"Bloodhound Blog Radio Hosts Matthew Padilla","author":"Brian Brady","date":"September 17, 2008","format":false,"excerpt":"Have you been listening to Mortgage Mondays on Bloodhound Blog Radio?\u00a0 Each Monday afternoon, at 4PM, we invite\u00a0 REALTORs to listen to and participate in our 40-60 minute \"radio broadcast\". Our guest this Monday (September 22) is Matt Padilla.\u00a0 Matt is a regular business and finance columnist with OC Register.\u00a0\u2026","rel":"","context":"In "Interview"","block_context":{"text":"Interview","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/interview\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6458,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/6458\/mortgages-under-management\/","url_meta":{"origin":8666,"position":5},"title":"Mortgages Under Management","author":"Brian Brady","date":"January 5, 2009","format":false,"excerpt":"\"Managing loans\" is the tail that wags the dog today.\u00a0 When I was a rookie stockbroker, the good folks at Mother Merrill taught us to \"gather assets\".\u00a0 Essentially, the firm encouraged us to pitch clients to have their assets transferred to a Merrill Lynch account.\u00a0 The strategy was that assets\u2026","rel":"","context":"In "Interview"","block_context":{"text":"Interview","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/interview\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/8666","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/51"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=8666"}],"version-history":[{"count":1,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/8666\/revisions"}],"predecessor-version":[{"id":8667,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/8666\/revisions\/8667"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=8666"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=8666"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=8666"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}