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So far Note Servicing Center has created 246 blog entries.

California Passes AB3088 – Some Relief for Lenders

2022-03-12T05:21:33-08:00Timely|

AB 3088 is an omnibus law that brings together several past tenant and landlord protection bills. For months, the American Association of Private Lenders has been at the vanguard of the legislative fight against these measures, first with opposition to AB 828, then with [...]

How Does the Current Market Impacts Lender’s Adoption of Technology?

2022-03-05T03:34:04-08:00Timely|

Adopting technological advancements has always been difficult for lenders because it is filled with several unprecedented workflow considerations and expenses. Unfortunately, most lenders have been compelled to accept this position over time because there was no other option given the absence of legacy software [...]

Understanding the Temporary Impacts of the Consolidated Appropriations Act of 2021

2022-03-05T03:34:04-08:00Timely|

Congress recently approved the Consolidated Appropriations Act, 2021 (CAA 2021), which has several temporary modifications to the bankruptcy code embedded in its Title X. These temporary changes and how it affects the lending business for private lenders are briefly discussed. Temporary Modification 1: Late [...]

Three Proposed Rules to Amend CFPB’s Ability to Repay Rule

2022-03-05T03:34:04-08:00Timely|

The ability to repay the Qualified Mortgage rule, with certain exclusions, demands lenders to make a valid, good faith identification of a consumer's capacity to pay a residential mortgage loan and provides specific liability protections for residential mortgage loans that satisfy the rule's conditions [...]

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 [...]

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