To draft a compliant late-fee provision for a private mortgage note, define the grace period in calendar days, set the fee as a fixed amount or percentage of the overdue scheduled payment, confirm the amount clears your state's usury cap, include waiver-of-waiver language, and [...]
Private lenders who draft late-fee clauses without understanding state usury caps, servicing notice requirements, and loan document precision create unenforceable provisions — and forfeit the leverage those fees are meant to provide. The seven mistakes below are the most common reasons late-fee clauses fail [...]
The average monthly benefit for retired workers shows an increase, reflecting potential implications for private lenders in assessing borrower financial health.
Explore the new luxury real estate corridor connecting family-led affiliates from Florida to the Northeast, enhancing opportunities for private lenders in high-demand markets.
FHA's potential repeal of the 90-day anti-flipping rule and update of AVMs, along with new loss-mitigation guidelines, could yield significant savings for private lenders.
Ginnie Mae's removal of TPP loans from delinquency counts aims to enhance liquidity and expects a rise in cure rates, impacting private lenders' strategies.
Discover the development of Cypress Trails, featuring over 500 new single-family homes, offering opportunities for growth in the housing market.
Real estate listings return to Google mobile search in select cities, utilizing HouseCanary with CRMLS and eXp feeds, enhancing visibility for private lenders.
Zillow pursues legal action as MRED plans to halt IDX and VOW feeds, raising concerns over listing display practices and licensing compliance among private lenders.
Rising long-term interest rates are dampening homebuyer demand, impacting the housing market as builders express slight confidence amidst economic shifts.
