How to Stay Competitive with Specialty Mortgage Products

2022-09-10T07:39:11-07:00Private Money Lending|

Mortgage originators are concentrating on adjusting to a changing market to remain competitive as the mortgage industry changes quickly. HELOCs and non-QM loans are created to order the current mortgage market. While rising property prices may have discouraged some homeowners from purchasing, they have [...]

It is Time for Loan Originators to Have a Mindset Refresh

2022-10-06T08:25:25-07:00Private Money Lending|

Now that another spring and summer market has concluded, Lenders deserve praise for their ability to go from the refinance boom of 2020–2021 to the purchase market of 2022. It is crucial to take some time to think back, make changes, and reset our [...]

Freddie Mac’s CRT Program Posts Record Performance

2022-09-05T23:28:46-07:00Private Money Lending|

Freddie Mac issued a record-high $15 billion in credit-risk transfers (CRTs) in the first half of this year, securing $358 billion in single-family mortgages. Freddie Mac also reported a record CRT issuance of $6.5 billion for the entire second quarter, safeguarding $151 billion in [...]

3 Misconceptions about Using Automated Valuation Models (AVM) in Home Equity Lending

2022-09-05T23:28:46-07:00Private Money Lending|

Economic indications predict little refinance volume through 2022, which is more than halfway over, while purchase volume confronts its challenges. In addition, the purchase and refinance markets are facing difficulties due to a shortage of supply, record high prices, rising interest rates, and significant [...]

Qualifying your Borrower: What Lenders Need to Know About Anti-Money Laundering Compliance?

2022-09-05T23:28:46-07:00Private Money Lending|

The American Association of Private Lenders urges private lenders to have an effective anti-money laundering program and supports efforts to prevent money laundering and associated crimes. Money Laundering is known as the process of making proceeds obtained illegally (also known as "dirty money") appear [...]

Lender Profitability Requires Maintaining Pace With Innovation Now More Than Ever

2022-09-22T07:32:04-07:00Private Money Lending|

To cut expenses, the majority of economic sectors have successfully embraced technology. For instance, the Federal Reserve Bank of St. Louis estimates that business process improvement and automation will be substantially responsible for the 34.7% rise in overall labor productivity in the US from [...]

The Path to a Lasting Private Lending Business

2022-09-05T23:28:46-07:00Private Money Lending|

In the past 15 years, private lending in the United States has advanced significantly. In 2007, high-net-worth investments and debt funds provided most of the industry's funding through multi-lender direct investments. Many consider these tactics outdated in today's "institutionalized" and "commoditized" industrial environment. Despite [...]

Fannie Mae Sees Dark Days Ahead for the Housing Market

2022-09-01T05:24:10-07:00Private Money Lending|

Before the housing market and mortgage business get better, things will become worse. This is the main finding of a team of Fannie Mae analysts who this week drastically cut their prediction for home sales in 2022. According to a statement from Doug Duncan, [...]

Origination Fees: Dos and Don’ts for Mortgage Professionals

2022-09-22T07:31:46-07:00Private Money Lending|

As a mortgage expert, you most likely have been paid an origination fee at a point in time or read it on a term sheet or settlement documentation. However, very few know the implications of an origination fee regarding limitations on loan terms and [...]

How is the Industry Adapting to Desktop Appraisals?

2022-09-01T05:24:10-07:00Private Money Lending|

Earlier this year, desktop appraisals were made a permanent option for some loans. Even before the market slowdown, there was a remarkable level of appraiser receptivity to desktop appraisals. Some lending businesses' views were already beginning to change due to the COVID-driven appraisal flexibilities, [...]

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