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30-Year Fixed-Rate Mortgages Hit New Record Low

Because of current economic conditions, mortgage rates have been on the decline, however did you know that the 30-year fixed-rate mortagages have hit an all time low? Continue reading the DSNews.com article below to find out more information about this situation:

“The weekly mortgage rate reports released Thursday by Freddie Mac and Bankrate were mixed. But one thing was certain: the average rate for 30-year fixed-rate mortgages hit a new record low.

According to Freddie Mac’s Primary Mortgage Market Survey, 30-year fixed-rate mortgages averaged 4.57 percent with an average 0.7 point for the week ending July 8, 2010, inching down from last week’s average of 4.58 percent. Freddie Mac said this rate marked yet another all-time low in its 39-year survey.

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Nancy Braun In Miami with 24AM and Don Maxwell

Showcase Realty LLC. Donated $4,000 along with 7 other Real Estate Agents (donating a total of $32,000) towards Make A Wish Foundation at the live auction held at the National REO Brokers Association Conference May 2010 in Denver. The 8 agents bid on spending a day with Don Maxwell, King of REO and former Linebacker for Houston Oilers, Former head of REO for Fannie Mae (12 years) and Freddie (5 years) and currently Executive Vice President of 24 Asset Management Corporation. 24 AM is a minority owned outsourcer for REO nationwide.

Don spoke of how we can excel as a Fannie agent. How we must service the client to keep and retain the business. We also met with Eduardo San Roman, President of 24 AM who generously spent time with us describing the mission of 24 AM and how the industry was evolving. Miguel Soto, Team Lead East Coast, for 24 AM showed us how to maneuver around their portal and introduced us to all of the asset managers and support staff in the various departments. We enjoyed a fabulous lunch with many of their staff and later met up with Don, Miguel and Ed for an incredible Italian dinner on them!

Their generosity and professionalism was unforgettable. We all left enriched and excited to take on more business. We are thrilled that our donation will help many children to live their wish while at the same time we made great friendships and gained so much knowledge. Thank you, 24AM for making this a fabulous and enriching experience.

Nancy Braun Attends Open Door Institute’s REO Expo!

PRESS RELEASE
For IMMEDIATE Publication
June 14, 2010

For Information Contact:
Showcase Realty
Office: 704-889-5600
www.showcaserealty.net

Nancy Braun of Women in Defaut Serivces Attends Open Door Institute’s REO Expo

Charlotte, North Carolina – Nancy Braun, Showcase Realty, recently attended the first annual Open Door Institute REO Expo held recently at the Dallas Hyatt Hotel.

According to Nancy Braun, the REO Expo brought together more than 1,500 real estate agents, brokers, asset managers and vendors that came to the event in Dallas, including nearly 100 members of Women in Default Services (WinDS), of which Braun is a member..

“We were excited to see so many WinDS members attending this special event,” said Braun, who indicated that over 40 additional attendees joined WinDS.. “Our growing mortgage default servicing industry trade association, which was created by, for, and about women, to receive training, education and mentoring designed to enhance their knowledge about the latest trends in the default servicing industry were well served by attending the REO Expo.”

The REO Expo was put on by the Open Door Institute, part of REO Insider, whose parent company is the LTV Group. The inaugural event featured noted economist Christopher Thornberg and NFL Hall of Fame running back Emmitt Smith, who gave a memorable and inspiring motivational presentation, as well as many industry leaders and who discussed a myriad of issues affecting the mortgage default industry and the general economy.

“Our trade association is focused on recognizing the contributions and advancing the careers of women professionals who are employed in some capacity related to resolving the real estate lending and foreclosure crisis,” said WinDS Executive Director, Shelley Kaye. “The REO Expo was an excellent educational and networking opportunity that we encouraged our members to attend because we felt it would enhance our mission.”

The default services business comprises a multitude of disciplines and a wide variety of activities that are essential to the goal of handling the glut of foreclosed properties negatively impacting the entire U.S. economy. Women are playing a huge part in this business and are seeking a better platform to lead and share their ideas for solving the crisis. Although many of the large lending, servicing, and property maintenance firms are headed by men, there are notable exceptions.

“The members of WinDS, are involved at all levels within this niche of real estate,” according to Kaye. “Many of these successful members own their companies, while others are engaged as independent contractors or employees at firms of all sizes in every state.

“There is a renewed emphasis on finding qualified service providers who are women and minorities. One of the main purposes for WinDS is to attract the attention of business sources, such as REO asset managers with corporate or government-owned portfolios, so they can connect with qualified women to meet the needs associated with liquidating those properties.

For more information about WinDS you can call Nancy Braun at 704-889-5600 or you may visit their web site at www.CharlotteREOBroker.com, www.ShowcaseRealty.net or www.WomeninDS.com.