About the survey
Supporting Statement for the
Senior Loan Officer Opinion Survey on Bank Lending Practices
(FR 2018; OMB No. 7100-0058)
The Board of Governors of the Federal Reserve System, under delegated authority from the Office of Management and Budget (OMB) proposes to extend for three years, with revision, the Senior Loan Officer Opinion Survey on Bank Lending Practices (FR 2018; OMB No. 7100-0058). A senior loan officer at each respondent bank completes this voluntary survey through an electronic submission, up to six times a year. Consistent with the Senior Financial Officer Survey (FR 2023; OMB No. 7100-0223), senior staff at the Reserve Banks with knowledge of bank lending practices usually administers the survey. The current reporting panel consists of up to 60 large domestically chartered commercial banks and up to 24 large U.S. branches and agencies of foreign banks. The purpose of the survey is to provide qualitative and limited quantitative information on credit availability and demand, as well as on evolving developments and lending practices in the U.S. loan markets. A portion of the questions in each survey typically covers special topics of timely interest; therefore, a sample form is not included in this proposal.
The first step to become a successful investor of foreclosed homes is to know where to find these properties. Since repossessed homes are usually sold below market value, many investors, real estate agents and even the general homebuyers are always on the lookout for good real estate. As such, you should know where to find foreclosure listings before your competition does.
Be aware that not all repo homes in the market are good deals. It would take deeper research and assessment to find profitable opportunities within the foreclosure market. There are several ways of finding amazing deals on repossessed homes.
People are more likely to spread negative word-of-mouth than positive word-of-mouth, according to a report by LoyaltyOne’s COLLOQUY. Interesting findings included:
- 26 percent of consumers say they’re more likely to share a negative experience than a positive one
- 31 percent of brand loyal customers are more likely to share a bad experience than a good one.
Full story at MarketingProfs.
Negotiating with mortgage lenders to accept less than the mortgage balance for a property can make you lots of money in real estate investing. Not all short sales are potentially profitable, while some can make you lots of money.
This article guides you where to get the most profitable short sale deals.
Even though short sales involve negotiating with banks to get a discount on the mortgage, some short sale deals are a waste of your time.
As a real estate investor, you should aim for those deals that will make you more money.
A unique selling proposition (USP) defines your competitive advantage. Your must identify what makes you different from your competitors and emphasize these advantages in your marketing. Continue Reading
How to Create a Unique Selling Proposition
Even while you creatively imitate others, remember that it’s also important to be different. Distinguish your business or practice from all the rest. Make your enterprise special in the eyes of your customer or client. That is the goal I want you to pursue.
How do you get your business differentiated? By creating a Unique Selling Proposition – or USP.