Private lenders will begin to experience new and unprecedented changes with foreclosure processes based on the new regulations of SB 109, which implements the fact that what was once the final sale of foreclosure might not be the completion now. The changes in the [...]
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 [...]
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 [...]
For the week ending February 17, the average 30-year fixed-rate mortgage rose 23 basis points to 3.92%, up from 3.91% the previous week. According to the most recent Freddie Mac PMMS Mortgage Survey, this is the highest level of mortgage rate since May 2019, [...]
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 [...]
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 [...]
Mergers and acquisitions are transactions in which a company's ownership is exchanged or combined with another firm. Businesses may seek to combine with a larger, more established organization to safeguard their long-term viability. The concept of mergers and acquisitions is prevalent in the 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. [...]
A deed of trust is a legal document commonly used in lending real estate transactions where either the buyer or the seller wants to lend money to purchase an asset and then use their property as collateral to secure the loan. Even though most [...]
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, [...]
