Top 10 Podcasts for Loan Officers to Enhance Your Mortgage Business
Explore 10 essential loan officer podcasts designed for mortgage professionals to enhance business strategies, stay updated, and navigate market changes effectively.
Availability of Down Payment Assistance Expands Significantly
DPR's latest report reveals 2,619 down payment programs, with 62% featuring income limits exceeding $100,000 and broader eligibility criteria for buyers.
Top 10 Best Practices for Engaging with Homebuyers
Discover ten essential steps to consistently secure positive testimonials and referrals from your buyer clients, enhancing your reputation as a private lender.
How Private Mortgage Note Investors Solve TILA/RESPA Compliance at Scale
When a seller-financed mortgage portfolio grows beyond a handful of notes, TILA and RESPA compliance obligations outpace manual management. This guide explains the federal requirements every private mortgage note investor must meet, how professional note servicing addresses each one, and what investors should expect when they transition from self-managed to professionally serviced portfolios.
Seller Carryback & Note Investing: An Essential Glossary
Seller Carryback (or Seller Financing) When a seller provides financing directly to the buyer for a portion or all of the purchase price of a property, rather than the buyer obtaining a traditional bank loan. The seller essentially acts as the lender, holding a [...]
Declining Mortgage Rates Increasing Demand in the Housing Market
Mortgage rates near 6% are boosting home sales and applications, while inventory and new listings are also on the rise, indicating a dynamic market shift.
Private Mortgage Lending: Mastering Compliance in a New Regulatory Era
Regulatory Spotlight: New Compliance Hurdles for Private Mortgage Lenders Regulatory Spotlight: New Compliance Hurdles for Private Mortgage Lenders The landscape of private mortgage lending, once seen by some as a less regulated alternative to traditional banking, is steadily evolving. What was once a niche [...]
Senior Home Equity Reaches Historic High of $14.7 Trillion
Home values are projected to rise by 2%, contributing approximately $295.4 billion in equity for senior housing, highlighting growth opportunities for private lenders.
Late Fees, Grace Periods, and Notices: Private Mortgage Servicing Guide
Private lenders structure late-fee policies by drafting a fixed or percentage-based charge triggered after the contractual grace period expires, limit the fee to what state usury and consumer-protection statutes permit, and serve statutory notices — including breach-and-cure letters, acceleration warnings, and payoff statements — [...]
TILA/RESPA Compliance Glossary for Private Lenders & Seller Financiers
Fundamental TILA/RESPA Terminology for Private Lending & Seller Financing TILA (Truth in Lending Act) The Truth in Lending Act (TILA) is a federal law designed to promote the informed use of consumer credit by requiring disclosures about its terms and cost. For private lenders [...]