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Author Bio
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Dave Hershman
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| Owner at The Hershman Group |
| Email: info@fha-guideline.com |
Dave has written seven books, including two best sellers for the Mortgage Bankers Association of America. One of these books was the first comprehensive book on management published for the industry by the MBA--Managing a Branch Office. He is a columnist for The Mortgage Press, published hundreds of articles and delivered speeches to thousands of loan officers, real estate agents, managers and operations personnel. And he doesn't just theorize. His organizations have closed billions of dollars in transactions, including personally closing over 550 loans in his first 18 months on the street!
Dave has also headed the sales force for the top mortgage technology firm in the nation--Ellie Mae and has helped found a Federally-chartered bank and served on its board of directors. During that time, he has been delivering programs that bring more productivity with less stress to managers, sales and operations personnel across the country for twenty years.
Dave believes that real success is not rocket science-the formula has been with us for years. Especially with regard to managing in the mortgage industry. The formula involves hard work, vision and great communication. He has developed five rules of management that are easy to understand and follow. And he delivers them with a little humor. Well, perhaps more than just a little. |
Recent Articles
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| With FHA’s Mutual Mortgage Insurance Fund capital ratio below its congressionally mandated threshold, FHA proposed a series of risk management initiatives aimed at tightening the fund’s criteria. In a notice published in the Federal Register, FHA said it would propose... |
| 7/28/2010, 05:19 PM by Dave Hershman |
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| FHA Mortgagee Letter 2010-20 issues guidance on new rule published April 20 regarding FHA approval of lenders and brokers. The letter addresses increased Net Worth for lenders in order to be approved for FHA lenders. The letter sets out a... |
| 7/4/2010, 12:16 PM by Dave Hershman |
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| The House Financial Services Committee has approved a bill that will enable the Federal Housing Administration to raise its monthly insurance premiums. The committee passed the bill after defeating proposed amendments by Rep. Scott Garrett, R-N.J., to raise the FHA... |
| 6/23/2010, 09:07 AM by Dave Hershman |
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| On Thursday, June 10, the House of Representatives passed a bill designed to shore up the finances of the Federal Housing Administration (FHA). The FHA mortgage insurance program has become crucial to the housing market in the last... |
| 6/13/2010, 12:39 PM by Dave Hershman |
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| First-time homebuyers looking to land an $8,000 federal income tax credit may have a little more time to close on their purchases if a Senate amendment unveiled Thursday makes it into law. As it stands now, homebuyers must have signed... |
| 6/13/2010, 11:52 AM by Dave Hershman |
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| The Federal Housing Administration (FHA) published new regulations on April 20, 2010 to further reduce and better manage risks to its insurance funds as it continues to play a critical role in today’s housing market. The regulations will increase the... |
| 4/29/2010, 01:39 PM by Dave Hershman |
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| The President has announced a new FHA program which will provide additional refinancing options to homeowners who owe more than their home is worth. This program will provide an option for qualifying homeowners to be refinanced into a FHA loan... |
| 3/28/2010, 11:27 AM by Dave Hershman |
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| There is a tremendous amount of publicity going into the ideas of lower debt levels and accelerating mortgage payoffs—especially at a time when home values are no longer skyrocketing and many homeowners are either “upside-down” in their houses or at... |
| 3/21/2010, 11:05 AM by Dave Hershman |
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| FHA has released a letter that revises the loan application for reverse mortgages as well as the agreement for these loans. The FHA Home Equity Conversion Mortgage (HECM) is the most popular reverse mortgage program in the United States. Reverse... |
| 3/21/2010, 11:03 AM by Dave Hershman |
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| FHA has recently released a letter that revises the validity period for appraisals utilized to establish the listing price on HUD’s Real Estate Owned (REO) properties. All appraisals utilized to establish the listing price on an REO property owned by... |
| 3/21/2010, 11:01 AM by Dave Hershman |
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