Longbridge and Mutual of Omaha Seek Dismissal of Reverse Mortgage Lawsuit.
Longbridge Financial and Mutual of Omaha Mortgage seek dismissal of a lawsuit concerning alleged improper advertising practices, aiming to resolve ongoing legal disputes.
Interest Reserves Under Pressure: Navigating Rising Construction Costs in Private Mortgage Servicing
Analyzing the Impact of Rising Construction Costs on Interest Reserves in Private Mortgage Servicing Analyzing the Impact of Rising Construction Costs on Interest Reserves In the dynamic world of private mortgage servicing, where agility and keen foresight are paramount, certain economic shifts can create [...]
Subordination Agreements: Your Note Buyer’s Guide to Lien Priority Protection
Navigating Subordination Agreements: A Guide for Note Buyers In the dynamic world of private mortgage note investing, clarity, and precision are not just virtues; they are necessities. As a note buyer, your investment’s security hinges significantly on understanding its position relative to other claims [...]
The Myth of the “One-Size-Fits-All” SOP for Private Loan Types
The Myth of the "One-Size-Fits-All" SOP for Private Loan Types In the intricate world of private mortgage servicing, the allure of simplicity often tempts operations to adopt a "one-size-fits-all" approach to their Standard Operating Procedures (SOPs). It seems efficient, streamlined, and perhaps, less daunting. [...]
Radian concludes mortgage conduit operations following sale discussions.
Radian is discontinuing its mortgage conduit operations after an unsuccessful divestiture process, while seeking strategic options for its title and real estate services.
Mortgage Applications Rise 3.2% During Period of Market Volatility
Mortgage applications rose 3.2%, with the purchase index increasing by 7.8%. Meanwhile, the 30-year fixed rate climbed to 6.19%, impacting lending strategies.
loanDepot posts $108 million loss despite improvements in volume and margins
loanDepot reduces its projected 2025 net loss to $108 million, with revenues increasing by 12% to $1.19 billion, despite a decline in margins to 324 bps in Q4.
Verification Replaces Traditional Credit Scoring Methods
Discover how measurable confidence in underwriting is reshaping mortgage standards, moving beyond traditional tri-merge credit reports for enhanced decision-making.
CFPB’s Heightened Scrutiny on Private Mortgage Servicing: A Lender’s Compliance Guide
CFPB Signals Increased Scrutiny on Private Mortgage Servicing: What New Lenders Need to Know Now The Consumer Financial Protection Bureau (CFPB) is signaling a significant intensification of its oversight on the private mortgage servicing sector. This heightened scrutiny comes at a critical juncture, as [...]
Hard Money Broker Growth: Master Referral Onboarding with an SOP
Why Every Hard Money Broker Needs a Referral Onboarding SOP Why Every Hard Money Broker Needs a Referral Onboarding SOP In the fast-paced world of hard money lending, relationships are everything. Brokers often thrive on a robust network, with referrals forming the very lifeblood [...]