A first-time private mortgage borrower costs the lender real money to acquire — marketing spend, broker fees, underwriting hours, and the opportunity cost of every loan that did not close. A repeat borrower costs almost none of that. The same is true at the [...]
Note sale compliance is structured. Ten questions cover the territory most sellers and buyers face at closing.What notice does the borrower receive under §1024.33?For federally related mortgage loans, Regulation X §1024.33 requires the transferor servicer to send the borrower a Notice of Servicing Transfer [...]
A note seller has two structural choices: sell the whole note and exit, or sell a partial — a defined slice of future payments — and retain the tail. Each path preserves a different kind of value. The right answer depends on the seller's [...]
Five factors do most of the work in setting the bid price on a private mortgage note. The seller who controls them controls the trade; the seller who ignores them prices against the buyer's worst case.What is ITV and why is it the first [...]
The Supreme Court's 2017 decision in Henson v. Santander Consumer USA Inc., 137 S. Ct. 1718, reshaped FDCPA exposure for note buyers. The decision is short, clean, and load-bearing: a party that buys a debt and collects for its own account is not collecting [...]
The packet the buyer's due-diligence reviewer opens is the packet that sets the price. A complete packet closes at premium; a partial packet closes at discount or kills the trade. The process below assembles a seller-controlled packet that a buyer underwrites without curative work.What [...]
A private mortgage note trades at a price set by four things: how the borrower has paid, how much equity stands behind the lien, how clean the file looks to a buyer's due-diligence reviewer, and the buyer's required yield on capital at the moment [...]
Borrower workout compliance produces a recurring set of questions across private-lender onboarding conversations. The answers below draw from Regulation X (12 C.F.R. Part 1024), Regulation Z (12 C.F.R. Part 1026), SAFE Act regulations (12 C.F.R. Parts 1007 and 1008), CARES Act §4022, the Homeowner [...]
On December 20, 2022, the Consumer Financial Protection Bureau (CFPB) issued File No. 2022-CFPB-0011 against Wells Fargo Bank, N.A. The numbers: a $1.7B civil money penalty and $2B in consumer redress, totaling $3.7B. The largest mortgage-servicing enforcement action of the modern era. The case [...]
A foreclosure on a private note can run from 82 days in New Hampshire to 3,038 days in Louisiana, per ATTOM Q4 2024 data. The national average sits at 762 days. Every month outside foreclosure preserves option value; every month inside it burns money. [...]
