Foreclosure Starts Increased by 14% Compared to the Previous Year
Foreclosure filings are increasingly prevalent, with one in every 3,701 housing units affected. Stay informed on market trends and implications for private lenders.
New Private Lenders: 7 Policies for Ironclad Compliance & Profit
7 Must-Have Policies for Every New Private Lender's Compliance Manual The world of private mortgage lending offers incredible opportunities for lenders, brokers, and investors seeking higher yields and direct control over their investments. However, beneath the surface of promising returns lies a complex regulatory [...]
From Risk to Reliability: How Technology Enforces SOPs in Note Servicing
Leveraging Technology to Enforce SOP Adherence in Note Servicing Leveraging Technology to Enforce SOP Adherence in Note Servicing In the intricate world of private mortgage servicing, where precision, compliance, and efficiency are not merely desirable but absolutely essential, Standard Operating Procedures (SOPs) form the [...]
Mastering Carry Costs: Your Guide to Profitable Private Mortgage Note Investing
From Acquisition to Exit: Comprehensive Carry Cost Planning In the dynamic world of private mortgage notes, the journey from acquiring an asset to successfully exiting it is fraught with complexities. While the initial purchase price and potential yield often capture the spotlight, a less [...]
CFPB Scrutiny on Private Mortgages: Essential Compliance for Lenders
CFPB Signals Increased Scrutiny on Private Mortgage Servicing: What New Lenders Need to Know Now The Consumer Financial Protection Bureau (CFPB) is intensifying its focus on mortgage servicing practices, with a particular spotlight now shining on the often-overlooked private mortgage sector. This shift signals [...]
The Loan Servicer’s Role in Interest Reserve Accounts
A loan servicer manages an interest reserve account from closing setup through final disbursement—calculating draws, remitting to investors, and alerting lenders before the reserve depletes. Here is exactly what that process looks like on a private mortgage note.
Replicable SOPs: The Essential Blueprint for Scaling Seller Carryback Businesses
Scaling Your Seller Carryback Business: The Power of Replicable SOPs Scaling Your Seller Carryback Business: The Power of Replicable SOPs In the dynamic world of real estate and private lending, seller carryback financing has emerged as a powerful tool, offering flexibility and opening doors [...]
Essential Insights for Real Estate Agents on the Spring Housing Market
Navigate market signals effectively to avoid overreactions in real estate and mortgage sectors, ensuring informed decisions in a fluctuating landscape.
Should You Invest in Your Neighbor’s Yard Before Selling Your Home?
Discover how neighboring property conditions influence home values. A recent survey reveals that lawn maintenance matters to 93% of homeowners. Read more.
Mickey Rourke Exits Los Angeles Rental Amid Eviction Concerns
Discover the latest on Mickey Rourke's eviction situation and his response to a GoFundMe campaign, affecting his rented property in Los Angeles.