Key Area Where Lenders Can Improve The Bottom Line

2023-04-28T17:53:07-07:00Private Money Lending|

The hunt is on for ways to reduce operating expenses as rates increase further and lenders adapt to noticeably slimmer profit margins. In a recent Interview with Sara Kodikara, a Senior Professional of Product Management at CoreLogic, she highlighted that one of the major [...]

HUD Affordability Plan Doesn’t Include Lowering FHA Premiums

2022-08-11T07:58:48-07:00Private Money Lending|

The Federal Housing Administration (FHA) is addressing the affordability challenge by increasing supply, but it hasn't yet started to reduce the costs it charges borrowers. At a news conference on July 14, senior officials from the Department of Housing and Urban Development, which houses [...]

With Home Sales Down, Why Are Home Prices Still Up?

2022-08-11T07:58:38-07:00Private Money Lending|

One concern associated with the housing market for 2020–2024 was that if inventory channels broke to all-time lows, home prices could increase more quickly during this time than they did during the preceding expansion. Logan Mohtashami, a housing data analyst, discussed the importance of [...]

What Originators May Not Know About Non-QM Lending

2022-08-11T07:58:27-07:00Private Money Lending|

Non-QM product options are becoming more popular as lenders try to change their strategy in the face of almost no refinancing activity. In light of this, the Executive Vice President of Production at Angel Oak Mortgage Solutions, Tom Hutchens, stated during a recent discussion [...]

Will Mortgage Lending Get Tighter in the Next Recession?

2022-08-11T07:58:18-07:00Private Money Lending|

Some people are anxious that mortgage credit lending will become stricter as recession talk gets more common. This generally occurs during a recession, but since there hasn't been a credit boom from 2008 to 2022, the idea that credit lending in America will collapse [...]

FHFA Language Requirements May Shakeup Compliance Landscape

2022-08-11T07:58:07-07:00Private Money Lending|

For mortgage loans to be eligible for sale to Freddie Mac or Fannie Mae, the Federal Housing Finance Agency (FHFA) recently announced that mortgage lenders will need to include in loan packets the Supplemental Consumer Information Form (SCIF), which registers a borrower's language preference. [...]

How New Solutions are Reinventing Secondary Market Access for Local Lenders

2022-08-11T07:57:54-07:00Private Money Lending|

The secondary market offers a fantastic chance to pursue higher margins, more competitive pricing, and enhanced profitability in today's competitive environment. However, this area also poses difficulties for America's small-scale lenders. Despite the crucial role that small and midsize lenders play in the $4 [...]

The Savage Unhealthy Housing Market is a Nightmare

2022-08-11T07:57:42-07:00Private Money Lending|

The housing disaster keeps happening. The number of existing-home sales for April was 5.41 million, according to the National Association of Realtors (NAR), which decreased 8.6% from last year and 3.4% from the previous month. However, the savagely unhealthy data point showed that housing [...]

How Mortgage Lenders are Qualifying the Value of Fintech Solutions

2022-07-04T06:20:49-07:00Private Money Lending|

Innovative approaches have emerged due to an increasingly digitalized environment, simplifying operations for everyone, including mortgage lenders. However, how lenders can gauge the success of their fintech solutions and what they can do to keep up with the digital mortgage revolution is a great [...]

Title Policy Endorsements: What Every Lender Needs to Know

2022-12-05T23:08:58-08:00Private Money Lending|

When a property's title flaws cause the mortgage lender to suffer financial loss, title insurance shields them. The American Land Title Association (ALTA), which oversees the title insurance business nationwide, issues regular title insurance policies and specific endorsements that broaden coverage and safeguard the [...]

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