Investment Banking Business Not BoA's Only Problem, Is My Only Comment


October 25, 2007
Business Partners / Friends :
It’s with deep regret that I find myself having to cascade this message.
Unexpectedly, early today I was advised that Bank of America Corporation will in fact exit the wholesale mortgage business. The winding down of this channel to the Bank begins immediately.
We will be fulfilling all of our contractual obligations to you and your customers. The termination of your Wholesale Broker Agreement with BoA will be effective November 25, 2007.
All loan files must be registered, locked AND delivered by that date.
During this transition period, please be assured that our sales and fulfillment teams will continue to provide you with the exceptional level of service you’ve come to expect.
I want to personally thank each and every one of you for all business dealings we’ve enjoyed in the past and the friendships which will continue well into the future. The residential mortgage industry has been home to me and my family for over 15 years and I eagerly look forward to another 15 years in this great industry of ours!
Tim (TV)
Please note: It is my goal to deliver world class service so when you receive your Broker Satisfaction Survey, you'll be inclined to respond with 9's and 10's for highly satisfied. If for any reason you are not completely satisfied with my service, please feel free to contact me with your concerns.
We Demonstrate Higher Standards in Everything We Do, Every Day!
Tim Verinder, Account Executive
South Texas Wholesale
Bank of America Higher Standards Home
CONFIDENTIALITY NOTICE: This transmittal is a confidential communication or may otherwise be privileged. If you are not the intended recipient, you are hereby notified that you have received this transmittal in error and that any review, dissemination, distribution or copying of this transmittal is strictly prohibited. If you have received this communication in error, please notify this office, and immediately delete this message and all its attachments, if any. Thank you.


Bill Gross Is Not The Only One Who Feels Fat

Are your pants getting a little tight? Have you become convinced mirrors have a personal vendetta against you? Are you too distracted by the rolls spilling over your pants to trade? Do you find yourself veering off course in your letters to investors to talk about your love handles? Is it only a matter of time before you lose your firm billions and/or take down the entire market because your fingers are so big they span four keys each on the keyboard? Do you want to do something about it but are repulsed by the idea of healthy eating and exercise and also know yourself well enough to realize that there is no way you're going to be able to stay strong if everyone around you is eating delicious fried food at lunch and sooner or later you, a usually pretty mild-mannered guy, will be leaping across a row of Bloomberg terminals and threatening to kill a coworker (and meaning it) unless he hands over Ho Ho now? Then round up your tubbiest colleagues and tell them they're in for a real treat. Eric Helms, who founded the four-year-old Cooler Cleanse company with the actress Salma Hayek, says office cleansers now make up 30 percent of his business, and in the last year he has hired three customer-service employees just to handle the details of them. He said there has been a “huge increase in popularity” of cleansing with co-workers in the last year, which he credits to juice diets being more mainstream. “Everyone knows someone who’s done one, and they realize they’re a lot easier to do with colleagues during the workweek,” he said. “People want to indulge” — not sip celery — “on weekends.” Recent six-juice-a-day-dieters include employees at Merrill Lynch and the Carlyle Group, she said. In May, Citigroup began offering BluePrintCleanse in some of its Manhattan cafeterias, a spokeswoman said...About two-thirds of cleanse clients over all are women, but corporate cleanses “commonly skew toward men, especially traders, investment bankers and lawyers,” said Jina Wye, director of sales and marketing for BluePrintCleanse, founded in 2007 by two former Hudson Hotel bartenders looking to swap their poisons. (Mr. Helms said 90 percent of his male customers are part of groups.) Ms. Wye said: “These Type-A men have an all-or-none perspective. If they’re going to commit, they do it whole hog.” Most popular among male en masse cleansers: the Excavation cleanse, described on the Web site as “the most intense.” And if you want to really crank things up a notch, consider gauging interest in a group colonic to top things off. Cleansing From Cubicle To Cubicle [NYT] Related: I’m afraid I might tell her to buy a gun and just shoot me before the fat and the cellulite strike again.