A forbearance is a mechanism used to help borrowers with financial difficulties due to natural disasters, unemployment, or accidental injury. However, because the borrower will agree to a deal obligating them to repay the loan within a specific time frame, this type of help [...]
The majority of Private lenders are quite experienced professionals in the real estate industry with extensive knowledge of structuring loan agreements. However, most of them do not have long-term thoughts regarding loans, particularly in the form of an exit technique such as selling to [...]
Lending volume in the past year exceeded everyone's expectations, owing mainly to record-low mortgage rates. Closing problems unavoidably crept in as lenders tried to keep up with demand. As a result of this unexpected surge in volume, lending businesses across the industry are looking [...]
According to the latest Freddie Mac PMMS Mortgage Survey, the average 30-year-fixed rate mortgage fell one basis point from the previous week to 3.55% for the week ending January 27th, 2022. However, it is essential to note that the 30-year fixed-rate mortgage averaged 2.77% [...]
A judicial foreclosure occurs when a lending business initiates a lawsuit in a civil court of law against a defaulting borrower and secures a monetary judgment in addition to the foreclosure. The judgment is binding against the borrower as an individual, and it guarantees [...]
As a new fiscal year starts in the lending industry, with the many stakeholders still finding their foot around the post-pandemic events, several mortgage lenders are being cautious of a potential wave of bankruptcy filings on the horizon. However, recent events within the industry, [...]
Several benefits come from investing in Opportunity Zones, including high gains by removing federal capital profit taxes during reviving underserved communities. Opportunity Zones offer numerous benefits for investors, but their distinct structure presents significant importance for bridge lenders. Opportunity Zones are designated locations across [...]
According to the Mortgage Bankers Association (MBA) poll for the week ending Jan. 14, mortgage applications jumped 2.3% from the previous week, majorly due to a robust purchase market. The seasonally adjusted Purchase Index increased 7.9% from the past week, while the Refinance Index [...]
For the first time in 18 months, servicers' forbearance asset volume fell below 1.5% in December 2021. According to the Mortgage Bankers Association (MBA), the overall number of loans under forbearance declined by 26 basis points in December, to 1.41% from 1.67% in November. [...]
Uncertainty continues to rise in the private lending industry, making it more critical than ever to be certain of the insurance coverage of borrowers as lenders look to protect themselves and their capital. Unfortunately, private lenders, in particular, are far too frequently falling short [...]
