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So far Note Servicing Center has created 321 blog entries.

Refi Applications Fall to 53% of Mix Amid Rate Spike

2022-03-05T03:19:18-08:00Timely|

For the week ending February 11, mortgage applications fell 5.4%, showing what the mortgage market looks like when rates hit 4% for the first time since 2019. The seasonally adjusted refi index from the Mortgage Bankers Association decreased 8.9% from the previous week, reducing [...]

What is an ALTA Extended Title Policy?

2022-05-09T05:57:49-07:00Private Money Lending|

The standard coverage policy of the American Land Title Association (ALTA) typically only relates to issues that can be discovered by carrying out a public records search. The standard ALTA policy guarantees protection in situations such as where the grantor of the loan cannot [...]

Why Lenders Should Think About Non-QM Now, Not Later

2022-02-16T06:05:35-08:00Timely|

Non-QM loan originations have been projected to hit between $80 billion and $100 billion in 2022, which means there is a hugely untapped market for private lenders in the non-QM loan sector of the lending industry. In an interview with Mike Fierman, the Managing [...]

The Great Suburban Migration and its Effects on Private Lenders

2022-05-09T05:47:58-07:00Private Money Lending|

Recently, there has been a massive migration rate from major cities and metropolitans to the suburbs, rural areas, and other states. As the concept of a remote workplace grows in popularity, many employees no longer see reasons to be close by the physical location [...]

What is SNDA, and Why Does it Matter?

2022-02-11T06:49:16-08:00Private Money Lending|

Lenders in the commercial real estate industry most times need an SNDA which refers to Subordination, Non-Disturbance, and Attornment Agreement. An SNDA helps define the connection and interests of the lender, the borrower, and the renter of the asset used to secure the loan. [...]

How Lenders can Continue to Serve Borrowers Despite Housing Affordability Challenges

2022-02-11T06:49:16-08:00Private Money Lending|

Housing inventory is at an all-time low, housing prices are at all-time highs, and affordability is getting further out of reach for more individuals every day. These factors are combined to create a perfect storm for homebuyers rapidly running out of options. In addition, [...]

Deed in Lieu of Foreclosure – What you Need to Know

2022-02-04T05:59:39-08:00Private Money Lending|

If borrowers can not repay loans, lenders mostly have no choice but to foreclose on assets. However, there could be another option that is beneficial to both borrowers and lenders in the case of a payment default. This is known as the "Deed in [...]

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