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. [...]
Three workout paths sit between the missed payment and the foreclosure file: a repayment plan, a forbearance, or a modification. Each preserves a different mix of lender value, borrower outcome, and timeline. This comparison walks the three side by side using the variables that [...]
The workout file is the only piece of evidence a regulator, a plaintiff's lawyer, or a portfolio buyer reads when they want to know whether the servicer did the work. CFPB Spring 2024 Supervisory Highlights flagged 12 C.F.R. §1024.38(c) recordkeeping failures as a recurring [...]
Foreclosure is the most expensive way for a private lender to resolve a default. ATTOM's Q4 2024 data put the national average foreclosure timeline at 762 days, with Louisiana running 3,038 days and New Hampshire just 82 days. Across that window, the note accrues [...]
Usury compliance produces the same ten questions across most private-lender onboarding conversations. The answers below are reference content drawn from California constitutional and statutory law (Const. art. XV §1; Civ. Code §1916.1), New York General Obligations Law §5-501 and Penal Law §190.40, Regulation Z [...]
