PCIP Kills Broker Referral Program
Posted by admin / Under Broker
The federal goverment is eliminating the $100 commission program aimed at brokers who assist consumers enrolling in the federal Pre-existing Condition Insurance Plan (PCIP).pcip broker GEHA, the insurer administering PCIP for the federal government notified brokers about the change last week via email: "We are writing to thank you for the extraordinary efforts you have made in helping to increase awareness of and enrollment in the PCIP program. We have determined that our outreach efforts have succeeded in significantly raising awareness of PCIP and enrollment in this program. As such, CMS will end the PCIP Broker Referral Payment Program in...
Published on Sunday 27th of May 2012 10:25:03 AM
A Mortgage Broker on Rapid Credit Rescores for Subprime Loans
Posted by admin / Under Broker
BEGIN TRANSCRIPT RUSH: Laurie, who can't say where she is. Is that right? She's worried about lawsuits, so she can't say where she is. Laurie, welcome to the EIB Network. You're worried about the lawsuits from what you're going to say here? CALLER: Well, it's possible, Rush, and, by the way, it's an honor to speak to you. RUSH: Thank you. CALLER: I worked as both a packager and an advertising executive for a mortgage brokerage firm. I saw the rise and fall of the housing market and what infuriates me about when Obama speaks or Barney Frank or anyone...
Published on Sunday 27th of May 2012 10:25:03 AM
Frustration Mounts for MF Global Clients
Posted by admin / Under Broker
snip... Customers of the bankrupt firm are starting to complain about getting checks that bounced, having requests to transfer funds denied and receiving inaccurate account statements. The growing litany of woes is adding to the tasks for the receiver assigned to liquidate MF Global and causing some investors to voice concern about the basic plumbing of the financial services system. Steve Meyers, an independent futures trader in Florida, said he asked for $500,000 from his MF Global account to be wired back to him on October 28 because he was concerned about the firm filing for bankruptcy. The money never...
Published on Sunday 27th of May 2012 10:25:03 AM
My Merrill Lynch Broker Screwed Me So I Fired Him And Switched To Schwab
Posted by admin / Under Broker
We had Michael Lewis on TechTicker yesterday. He told the story of how his Merrill broker sold him Lehman preferred and auction-rate securities just before the financial crisis. Lewis has since fired Merrill and moved to Schwab. Best-selling author Michael Lewis knows his way around Wall Street and the world of money. His first book, Liar’s Poker, chronicled his misadventures as a bond trader in the go-go 1980s. In Moneyball, he explored the way economic analysis is applied to baseball. And in The Big Short, which has just come out in paperback, he chronicled how a few shrewd investors managed...
Published on Sunday 27th of May 2012 10:25:03 AM
Find news
Sponsors
Share this!