GRIFFEN HOCK

The Absolute Best Online Traffic Getting Training Out There

Griffen — Fri, 24 Sep 2010 03:37:08 +0000

As you know, for the past 2 years I have been studying and pulling a lot of online traffic for my mortgage and homeowner counseling business FOR FREE. I don’t buy adwords I don’t do much print advertising and I get my traffic from referrals and the internet(myself- I don’t “buy” leads or participate in the other crap out there – I create it myself)

Can you keep a secret? My success is largely because of the strategies I learned from Jeff Johnsons’s prior course. I pre-viewed this one, it looks even bettter.

This video explains everything:
http://www.salesautomator.com/app/?af=1157784

To your success,

Griffen

PS – here’s the video again in case you missed it the first time.
http://www.salesautomator.com/app/?af=1157784

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Personal Update!

Griffen — Wed, 23 Jun 2010 15:16:44 +0000

It’s been a long time since I gave you a personal update!

For that, I apologize:)

The Kiddos’ are great. Danielle is VERY ready to have our 4th July 1st. The hot weather has definitely been a motivator. I have been trying to cook as much baby inducing food as possible(spicy, exotic, etc) to help motivate the baby to come. The golf clubs collecting a little dust as I have found myself more drawn to home based activities these days. Softball @ poppleton on monday’s (Team Berkshire is in 1st place:), Shooting hoops in the driveway, whiffleball with the kids, mowing the lawn(is it weird that I actually like to mow the lawn now?), walks, and going in the sprinkler if it’s hot enough – We got a inflatable octopus the kids named Henry that is a lot of fun – (pic’s on facebook) and cooking for family and friends at our home.

After nearly 2 full years of “hunkering down” in the mortgage business, I am nearly finished with my discovery period to fold Berkshire in with a 1 Billion Dollar Investment Bank. Advantages of this shift are:

1. Berkshire can grow through the entire mid-west without financial obstacles
2. Berkshire gets to access 1 BB in mortgage funds
3. Mortgage Professionals and Mortgage Company that join Berkshire Mortgage Partners gain immediate competitive advantages, match on their 401k, benefits, access in house underwriter they can actually speak with directly to have more control over their file and more than likely a higher commission percentage with less junk fees than they are paying now.
5. Opportunity for associates to make “partner” get paid quarterly dividends off of the entire company’s bottom line
6. Opportunity to acquire entire companys and let them keep their own brand name while operating under the Berkshire Umbrella

If you like this, or like someone that is in the mortgage business that may like this too definitely forward this along – (brief youtube video describing it below)

Quick final story about the state of Housing

I recently had the honor of serving as Day Chair for an entrepreneur’s Organization Event for Mike Bouchard the Oakland County Sherriff. I am not very political, however what learned while performing my duty had a profound impact on me and I wanted to share what I learned with you relating to their view of housing moving forward.Oakland County is not expecting their property tax collections to equal what they were previously until 2021. Meaning, they don’t expect housing values to recover in oakland county for 11 years.

Knowing we are in for a long recovery, how does this change the way you view your current situation?

My Housing Solution Clarifyer is attached – Feel free to use this to help shed some light on your own personal situation.

All the best, Griffen

Get FHA/VA/Reverse, 1BB warehouse line while keeping your mortgage company brand name!

Griffen — Mon, 19 Apr 2010 15:35:04 +0000

http://www.youtube.com/watch?v=AbUc68bTBmg

Griffen Hock – Market Update

Griffen — Thu, 15 Apr 2010 14:46:52 +0000

Treasuries and mortgages were slightly better prior to 8:30 this morning but data at 8:30 pulled treasuries and mortgages back to unchanged. Weekly jobless claims were substantially higher than estimates which were for a decline of 20K filings, as reported claims increased 24K to 484K, the highest claims since Feb 20th. Almost immediately talk was that the claims were higher due to the Easter holidays; a labor dept spokesman said the jump in claims is an “administrative issue and not an economic issue”. There is precedent for volatility around holidays but in this case if Easter holidays were responsible for the last two weeks of claims increases claims would likely have fallen as people didn’t file. New unemployment claims have increased 45K in the last three weeks, while estimates over that period were for claims to be down 50K. Continuing claims last week increased from 4.57 mil to 4.64 mil. The number of people who’ve used up their traditional benefits and are now collecting emergency and extended payments rose by 162,101 to 5.97 million in the week ended March 27, reported in today’s data.

Also at 8:30 the Apr NY Empire State manufacturing index jumped to 31.86 from 22.86; the new orders component increased to 29.49 from 25.43, the employment component increased to 20.25 frm 12.35 last month. A stronger report than had been expected.

The two 8:30 data points presented a mixed picture; the employment situation weaker than expected while the Fed’s NY Empire St report stronger. At 9:00 the 10 yr note traded -3/32 at 3.88% +2 BP, mortgage prices -1/32 (.03 bp) and the DJIA futures was -16 points.

Next up; at 9:15 March industrial production, forecast at +0.7%, was slightly disappointing at +0.1%; Feb was revised from +0.1% to +0.3%. Also at 9:15 March capacity utilization was expected to increase to 73.3%, it was on it at 73.2% frm an upward revision in Feb from 72.7% to 73.0%. The two reports had o immediate noticeable impact on rates and stock indexes.

Finally this morning at 10:00 the Apr Philadelphia Fed business index, and more impacting than the NY Empire data at 8:30. The estimates for the overall index was an increase to 20 from 18.9 in March. As reported the overall index increased to 20.2; new orders component 13.9 frm 9.3 in March, employment component at 7.3 frm 8.4 in March. Any index over zero is considered expansion. There was no immediate reaction to the report.

China’s economic growth accelerated to the fastest pace in almost three years in the first quarter, highlighting overheating risks that may prompt the government to scrap the yuan’s peg to the dollar. Gross domestic product rose 11.9% from a year earlier, the statistics bureau said at a briefing in Beijing today. That was more than the median 11.7% estimates.

Treasuries and mortgages continue to rotate in their respective new 20 basis point yield ranges. Economic releases this morning were a mixed picture; more unemployment claims, better NY Empire manufacturing and the Philly Fed data a wash. At 10:05 mortgage prices jumped to +2/32 (.06 bp) frm -2/32 (.06 bp) at 9:30.

–
Griffen Hock
Berkshire Capital
Your Mortgage Banking Partner
2488227121 Direct
2487863150 Private eFax

www.griffenhock.com
www.berkshirecapital.com

Need immediate financing? Click on or cut and paste the secured link below into your web browser to apply now!

https://7472565517.secure-loancenter.com/OEM/WebApp/FullAppLogin.aspx

Want access to the best current real estate strategies…FOR FREE?

Click the link below to get on my email list!

http://forms.aweber.com/form/59/764158059.htm

*The following must be analyzed for all borrowers prior to your approval. Please email or fax to 2487863150 the following:

Copy of Drivers license and Social Security Card. Passport may be used in lieu of Drivers License.
2 years most recent tax returns including all schedules, W2s, K1′s and 1099
2 most recent paystubs(underwriting requires re-verification of income and assets throughout the loan process, please provide as you receive them)
2 most recent months statements of personal bank assets. Include ALL pages, complete account numbers(no x’s through part of #), Ending Balance Available/Current Cash Value, Client full name, Company full name and date***
Signed Accepted Purchase Agreement and Digital Image of EMD Check(if a purchase transaction)

Loan Mod Success Story – Calling the Bank’s Bluff…and how it gave us control:) … plus a brief market update.

Griffen — Wed, 31 Mar 2010 15:09:57 +0000

Great, brief modification story and then your market update. (CHECK OUT THE VIDEO LINK BELOW)

http://www.youtube.com/watch?v=0CO14cXug_M

Been working with a dear friend on a loan modification for 9 months. He has an adjustable rate, they would not approve his refinance because the home was underwater and his income has declined. He hasen’t made any payments for 9 months (out of his own choice) for the sake of getting the lender’s attention. *The home is amazing, means a TON to him(his daughter designed it for pete’s sake) and he really wants to stay in it however has not gotten any progress with modification attempts up to this point. At this point, it’s 150% a business decision to get a direction with this huge mortgage. He has 3 MM into it, owes 1.7MM on it currently, and unfortunately in today’s market it’s only worth approximately 1MM. Bank still hasen’t foreclosed.

In my conversation with the banks this morning, we had a breakthrough.

When I asked the loss mitigation department, bluntly “Why hasen’t the investor foreclosed yet?

They acknowleged and confirmed my initial hunch that they wouldn’t and that it was WAY too expensive to foreclose or initiate a short sale. Seizing the moment, I informed them that experts predict the market will DROP 20% MORE in the next 5 years, and I am here to bring 2 parties together for a solution…..

Experience tells me is we will successfully complete my dear friends modification through the making home affordable program within 90 days and get him a greatly reduced payment, extended term via the GOVERNMENT making home affordable program and most importantly, prevented a foreclosure that would have a negative impact on the neighborhood’s values.

More social proof that we are truly living in the wild west of real estate, and it pays to hire an expert and that homeowner patience and persistence is absolutely rewarded!

-Griffen

The markets were shocked this morning at 8:15! The ADP employment report for March was widely thoiught to be up 40K jobs, ADP reported private jobs actually fell 23K. The 23,000 decline was the smallest in two years and followed a revised 24,000 drop the prior month frm 20K originally reported. ADP has consistently over-stated jobs for the last six months compared to the BLS reports; frm a 2K overstatement in Feb to overstated 151K jobs last November. For the last two weeks markets have been almost giddy that March job growth would increase about 200K; the hiring of temp census workers and some weather related hiring being the catalysts. However, markets were also expecting an increase in good permanent jobs along with census hiring; that now is questionable for the moment after the ADP data. Today’s ADP report showed a decrease of 51,000 workers in goods-producing industries including manufacturers and construction companies. Service providers added 28,000 workers (you want that in a combo meal?).

At 9:00 this morning on the reaction to the jobs data had the 10 yr note +9/32 at 3.83% -3 bp, mortgage prices at 9:00 +5/32 (.15 bp) and the DJIA futures trade had the index -38 points. At 9:30 the stock market opened (DJIA) -25, 10 yr note +8/32 3.83% -3 BP and mortgage prices up just 2/32 (.06 bp).

More data: at 9:45 the March Chicago purchasing mgrs index, expected at 61.0 frm 62.6 in Feb, fell to 58.8; new orders fell to 61.8 frm 62.2, not much; employment index was essentially unchanged at 531. frm 53.0 in Feb. Any index reading over 50 indicates expansion. There was no reaction to the weaker mid-west data.

Finally this morning; at 10:00 Feb factory orders, expected up 0.5%, was up 0.6%.

The soft ADP jobs report has rattled most economists and shaken the bullish optimism that the employment sector is beginning to improve; whether it actually changes that sentiment will have to wait until Friday’s BLS data. Most of the chatter from those on CNBC this morning tried to dismiss the report, favoring to make a silk purse out of the hiring of census workers as something more significant than it is. For the next few months the government will be hiring more census workers, putting an unreasonable spin on temp workers. It is critical to keep in mind that the employment situation is not being reported correctly, leaving out the discouraged workers that have given up; added in to the real world the unemployment rate in the US now is closer to 17% to 20% than the 9.7% on the headline Friday. Put the Q4 productivity in play at +6.9% and unit labor costs -5.9% and employers have little reason to crank up a lot of new hiring. While we are not as enthusiastic as the overall sentiment about job growth, we are to some extent the Lone Rangers (again), we are not alone however. There are an increasing number of money managers beginning to focus on the reality that unemployment is very high and most important, not expecting much improvement this year.

This is the last day of quantative easing by the Fed; the end of the $1.25T of MBS purchases. Will it make a difference in the markets? in the mortgage rates? So far no meaningful market movements in either direction on the ending of all those handouts tossed at those that came close to blowing up the entire global financial markets. Looking back over the last two years, much of the government largesse was wasted and unnecessary; but at the moment there was little choice.

Nothing more for the markets today; we don’t expect much change in the stock, bond and mortgage markets now through the rest of the session with that elephant coming on Friday. Mortgage markets had been relatively firm against treasuries until yesterday and today; mortgage markets are not doing well this morning considering the weak data and that the 10 yr note is firm.

–
Griffen Hock
Berkshire Capital
Your Mortgage Banking Partner
2488227121 Direct
2487863150 Private eFax

www.griffenhock.com
www.berkshirecapital.com

Need immediate financing? Click on or cut and paste the secured link below into your web browser to apply now!

https://7472565517.secure-loancenter.com/OEM/WebApp/FullAppLogin.aspx

Want access to the best current real estate strategies…FOR FREE?

Click the link below to get on my email list!

http://forms.aweber.com/form/59/764158059.htm

Remodeling…What Updates Increase My Actual Appraised Value…and which one’s DON’T!

Griffen — Wed, 31 Mar 2010 04:44:35 +0000

Ever wondered what your remodeling dollar gets you these days? Curious to know if you are making a wise investment by spending your hard earned dollars to improve your existing home?

Good Questions to ask yourself… . . . . Even better answers to know about:)

Check out the link below to see where your dollars are best spent

Griffen

http://www.remodeling.hw.net/facts-and-figures/cost-vs.-value-report/

SHORT REFINANCE! – GET THOUSANDS LOPPED OFF YOUR BALANCE OWED!

Griffen — Mon, 29 Mar 2010 14:21:27 +0000

Guys, check out my killer sweatshirt, and the details on the new government refi program that claims it will knock off THOUSANDS of principal balance dollars for consumers that qualify in the 3 minute video below:)

http://www.youtube.com/watch?v=YXf4-1gn-7w

Watch the video for full Details, here’s the quick version;

This is for conventional mortgages, not existing FHA mortgages
500 minimum credit score
must be current on mortgage
14BB in TARP dollars is being allocated to this to reduce principal balances on conventional loans(call me to determine if this applies to you)
There will be an impact on your credit score

Sounds great in theory….but will the banks follow through on their end? Here’s the link in case you missed it.

http://www.youtube.com/watch?v=YXf4-1gn-7w

Will continue to update!

Griffen Hock

ghock@berkshirecapital.com

2488227121

Griffen Hock – ALL RATES BELOW 5%…. PLUS A Renewed push from Obama for lenders to reduce principal on modifications

Griffen — Tue, 23 Mar 2010 17:45:36 +0000

Mortgage Rates are still below 5% across the board 30 fixed, 15 fixed with the 5-1 arm under 4%!

AND

We just had a nice bump in some area’s appraised values and rates are at record lows…..not going to be around forever. . . Why wait

Let me know if I can answer any general questions you may have.

And NO, You DO NOT NEED EQUITY to qualify…..i am closing an attorney friend of mine next week on an upside down HARP REFI at a rate of 5%, so YES it IS POSSIBLE.

Definitely Call me, or wb with any questions…NO HIGH PRESSURE SALES and I am happy to help provide my customers with CLARITY as to their real estate options!

Thank you!

Griffen

PS the link to the Principal Reduction Story is below. . ..

President Obama pushing banks toward principal reduction

Despite previous efforts and incentives by the Obama Administration to ease the foreclosure crisis, lenders have fallen short of expectations.

The latest push from the White House suggests that loan modifications include reducing the principal amount of mortgages. This would accomplish several major goals. It would bring the amount refinanced more in line with the value of the property, reduce payment amount, keep more people in their homes, and help stabilize the housing market.

Bruce Marks, from the Neighborhood Assistance Corporation of America suggested taking it one step further and believes lenders should simply forgive the debt. His statement is based on the concept that the banks have already been paid for bad loans through bailouts, and should not be allowed to foreclose on the property, resell it – and get paid again.

Fairness, regarding those who have been paying their loans, remains an issue of contention.

read more @http://www.examiner.com/x-33986-Political-Spin-Examiner~y2010m1d16-President-Obama-pushing-banks-toward-principal-reduction-in-hopes-of-slowing-foreclosures

–
Griffen Hock
Berkshire Capital
Your Mortgage Banking Partner
2488227121 Direct
2487863150 Private eFax

www.griffenhock.com
www.berkshirecapital.com

Need immediate financing? Click on or cut and paste the secured link below into your web browser to apply now!

https://7472565517.secure-loancenter.com/OEM/WebApp/FullAppLogin.aspx

Want the best insider information on housing?

Click the link below to get on my email list!

http://forms.aweber.com/form/59/764158059.htm

Mortgage Rate Sale – all under 5% lock in today!

Griffen — Mon, 22 Mar 2010 18:26:46 +0000

It’s about time to fill up the pipeline again…time for a rate sale!

30 fixed, 4.75% no points less than 2k costs

15 fixed 4.25% no points less than 2k costs

5 year ARM 3.75% no points less than 2k cost

This is available to you!

Click on or cut and paste the secured link below into your web browser to apply now!

https://7472565517.secure-loancenter.com/OEM/WebApp/FullAppLogin.aspx

Make it a great day!

Griffen

Private Loan Mod’s Outnumbering Govt Loan Mods?

Griffen — Thu, 18 Mar 2010 17:24:38 +0000

Private Loan Mods Outnumbering Govt. Mods – CNBC

http://www.cnbc.com/id/35915931