Comments on: Obama’s FHA Commissioner Nominee, David H. Stevens Has Ugly Past

By: Taylor, Bean & Whitaker: Some New Disclosures | But Then What

Taylor, Bean & Whitaker: Some New Disclosures | But Then What — Thu, 20 Aug 2009 04:29:58 +0000

[...] might also want to check out this blog post from Bigger Pockets I found in a quick Google search for Mr. Stephens. Seems he has other [...]

By: David

David — Sat, 15 Aug 2009 14:18:25 +0000

Alas, Mr. Blake was correct. Nomination approved! Now look at what this monkey-ass hypocritical idiot has done to customers of Taylor, Bean, Whitaker after abruptly shuttering the company with zero warning or concern for it’s customers. Some of my wholesale customers who were in TBW’s pipeline have been directly impacted by this.

Furthermore, as a 17yr veteran if the business, I can say without a doubt that the pressure on agents to steer business into these type of affiliated businesses is enormous, and the vast majority of the time it’s a loser deal for the customer… an abuse of their trust.

J.D., payment of anything of value, even a cup of coffee, made with the expectation of referrals is considered illegal. It’s a zero tolerance policy.

Obama is America’s nightmare right now. Far worse than any foreign enemy, although some contend that he is indeed a foreigner.

By: J. D. Hill

J. D. Hill — Wed, 27 May 2009 15:07:12 +0000

Does a kick back have dollar minimun before it becomes illegal? As a referral fee thank you, can I give a coffee cup, as a very big thank you can I give coffee cup with $20′, $50′ etc.? If the mortgage broker fee is 1% always, can she (broker) create $20′, $50’s from fee for the coffee cup? Can she pay advertising or phone bill from same fee? None of the above use of fee funds cost the borrower a dime more.
Seriously,
J. D.

By: Rob K. Blake

Rob K. Blake — Mon, 04 May 2009 02:56:30 +0000

Catherine,

It’s not me that’s concerned…I actually end the post with the notion he’s a shoe-in.

It’s the Senate Banking Committee that halted the vote on his confirmation. Sounds like you have a beef with them, not me.

PS: The quotes I used were snipped from a November 2007 Washington Post article…a better source than ActiveRain.com in I’d bet everyone’s option. But of course, that is exactly my point.

HUD and the Senate Banking Committe and others are now investigating something that was deemed “okay” a few years ago. Sometimes it takes a financial crisis to get the powers that be to quit “looking the other way”.

Of course, I was also poking fun at Obama’s proclivity for nominating controversial figures too.

Don’t worry Catherine. He’ll get confirmed and your real estate marketing business will get a big HUD contract.

If we’ve learned anything in the new administration is friends and defenders always get their plate at the table.

By: Catherine S. Read

Catherine S. Read — Mon, 04 May 2009 02:15:31 +0000

Well you are living proof that anyone with a PC and a a blog can self publish any crap that comes into their head. So you’re an expert on this subject. Is that right? You are going to school us all in the qualifications of David H. Stevens for the head of FHA? Oh, goodness, how fortunate the online world really is! This is a link to a discussion on this subject that took place in November 2007 on this subject just a few years ahead of yours: http://activerain.com/blogsview/262805/Client-Interests-vs-Company-Interests

And what exactly are your qualifictions Mr. Blake? What have you done lately that qualifies you as both judge and jury in this nomination? I’ve known Wes Foster for over 22 years and Dave Stevens for the entire time he’s been at Long & Foster. And I think what you know first hand on this subject would probably fill a thimble. Or a blogpost . . .