Real Estate Home Mortgages/charge off

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Al Rodenburg

Expertise

Now that we are heading into mid-2011, there does not seem to be an end in sight to the sagging housing market. In addition, we have definitely seen the end of historically low rates - as the government heads rapidly to exiting support for (GSE's) FannieMae and FreddieMac. I wish I could assure you that things will get better soon, but it doesn't seem like we will be poised for upward momentum until late 2012. =============================== 2010 portends a turn around in mortgage lending; there is great pressure to make certain that things stabilize and that loans become more readily available; however, don't expect subprime loans to ever come back; whereas I expect that once things are on a little more concrete foundation, the Alt-A market will come back, albeit not with such aggressive LTV's or documentation "guidelines". There is a crying need to for a non-GSE related lender to step forward in the former Alt-A market to work with investors that have more than 4 financed properties. There has been lip service from the GSE's but if you have more than 4 there does not seem to be any chance of getting reasonable financing.(private hard money lenders are out there, but the rates and closing costs are typically very high, by comparison).

Experience

Over 12 years, originating primary residence and investment propery mortgage loan financing - with an emphasis on making the process as simple, transparent and quick as possible for the consumer. ================= After a brief departure from the mortgage business, Al says "It is great to be back in the mortgage industry. I think we will see 2010 become a watershed point in American home financing. I expect 2010 to be the start of a different perception of mortgage loan financing in the United States. We can be proud of the agencies that have come together to form the NMLS (National Mortgage Licensing System), which will be implemented nationally by July, 2010 - and mark the end of deceptive lending practices. The consumer can finally compare apples with apples.(All mortgage loan officers will be required to pass national exams as well as go through thorough background checks)." BANK OF TEXAS is part of BOK Financial - a regional bank with $24 billion in assets and the LARGEST financial institution in the U.S. that did NOT take TARP funds from the government. With over 12 years experience as not only a mortgage loan originator, but broker, account executive, CFO and CEO in the industry - Al brings a wealth of experience to your mortgage experience (whether it is for your primary residence or you are looking at financing an investment property). Prior to his current position with Bank of Texas Mortgage Group, Al was Branch Mgr. for Ascent Home Loans/Houston and Managing Director for Challenge Financial Investors Corp. (St. Petersburg, FL). Al's expertise also includes business consulting, internet marketing, accounting, training, financial consulting and crisis management.

Organizations
Houston Northwest Chamber of Commerce Spring-Klein Chamber of Commerce Houston Northwest Business Networking Group

Publications
Not sure;my stuff is not copyrighted;if you do a search on Google for "Al Rodenburg" and mortgage, you should find over 6,000 listings (some of them should be brief articles I've written or been quoted in)

Education/Credentials
University of Illinois - at Chicago Florida State University Principia College Lake Forest School of Management Roosevelt University

Awards and Honors
Top 20 originator, 2010 - out of 600 originators in company. #1 Originator (out of 500 branches nationwide) in January 2007.

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