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The Impacts of Mortgage Loan Modifications in the Lending Space

2022-12-05T23:01:06-08:00Private Money Lending|

A loan modification alters the conditions of a lender's mortgage, making it more accessible to borrowers. For example, suppose eligible borrowers have trouble making their monthly mortgage payments or have fallen behind and face foreclosure. In that case, a loan modification may be the [...]

What Lenders Should Know About Today’s Economic Climate

2022-05-08T06:05:32-07:00Private Money Lending|

Mortgage lenders around the country are dealing with a turbulent housing market because of the Federal Reserve's recent rate hike, the ongoing crisis in Ukraine, and the ongoing economic recovery following the pandemic. Lenders are also preparing for expected margin compression in the next [...]

What Metaverse Real Estate Means for Mortgage Professionals

2022-05-08T06:08:07-07:00Private Money Lending|

The Metaverse is an artificial digital world where users may interact with and mimic the actual world using virtual reality and augmented reality. In addition, virtual real estate is now a part of Metaverse's offers as it grows. Actual Real Estate is referred to [...]

AXY Wrap: The Future of Lending in Innovative Risk Mitigation

2022-12-05T22:49:26-08:00Private Money Lending|

Axylyum Charter, a firm intended at revolutionizing the troubled mortgage-backed asset field through innovation, is positioning its solution, AXY Wrap, as the parachute required to accompany the lending industry's future. The product serves as new protection for retail and wholesale lenders by removing the [...]

California Housing Speculation Act: California Flip Tax Bill Raises Concerns for Lenders


AB 1771, also referred to as the California Housing Speculation Act (the "Act"), seeks to tax the percentage of capital gain from the sale or exchange of residential properties within three years of the purchase of the property by an investor at a higher [...]

Deeper Asset History Unlocks New Lending Opportunities

2022-05-08T06:23:10-07:00Private Money Lending|

Lenders have always taken a "less is more" attitude to asset paperwork, which is understandable. However, obtaining, examining, and (often) re-requesting statements for all parties concerned can be tedious and time-consuming. Borrowers must supply lenders with all statement pages, including those purposely left blank [...]

Are Lenders Prepared for the Upcoming Changes from the IRS?

2022-05-20T07:03:07-07:00Private Money Lending|

As a mortgage lender, you are quite familiar with IRS Form 4506. The form, which was brought to prevent fraud, is needed from virtually every borrower to show that their tax returns from the last two years are original and properly filed. The IRS [...]

FHA Unveils 40-Year Loan Modification Option

2022-05-20T07:04:24-07:00Private Money Lending|

The Federal Housing Administration, under the Department of Housing and Urban Development, late last week, published a rule that will expand the COVID-19 mitigation loss of the Department. This 40-year loan modification option will comprehensively change the repayment provisions for FHA borrowers. This rule [...]

UWM Targets Real Estate Investors with New Loan Product

2022-05-20T07:04:14-07:00Private Money Lending|

The nation's largest wholesale lender, United Wholesale Mortgage (UWM), introduced a new product on Wednesday, the 23rd of March, that will qualify borrowers for investment properties based on monthly rental revenue rather than current income. This is the second non-QM product introduced by the [...]

Products Loan Originators Should Look into Mortgage Rates on the Rise

2022-05-08T06:33:13-07:00Private Money Lending|

With the mortgage rates constantly on the rise recently, and a considerable decline in refinance volume, loan originators need to start seeking other means of growing their business by looking into products that are less sensitive to interest rates. In this increasing rate climate, [...]

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