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The Path to a Lasting Private Lending Business

2022-12-05T23:26:41-08:00Private 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 Many consider these tactics outdated in today's "institutionalized" and "commoditized" industrial environment.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

2022-12-05T23:27:32-08:00Private 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, [...]

FHFA Announces New Advisory Housing Committee

2022-09-01T05:24:11-07:00Private Money Lending|

A federal advisory group on affordable, equitable, and sustainable housing will be established, according to plans unveiled by the Federal Housing Finance Agency (FHFA) on Tuesday, the 23rd of August. The committee will provide recommendations and input on the need for affordable, equitable, and [...]

Savage: Home Prices Go Up 10.8%, Even With Sales Down

2022-09-01T05:24:11-07:00Private Money Lending|

On the 18th of August 2022, the National Association of Realtors noted the downward trend in existing home sales that have been evident since the increase in mortgage rates is deteriorating. The data line's worst feature is not that, though. The startling statistic (for [...]

A Private Lender’s Guide to AML and Red Flags

2022-12-05T23:25:27-08:00Private Money Lending|

Private Lenders are mostly familiar with the Patriot Act, which was implemented after 9/11. However, this act has been amended by the US government over the years. As such, lenders might be unaware that the Anti Money Laundering Act is overlaid on the Traditional [...]

Home Equity Lines of Credit are Now Raging Back

2022-08-23T02:32:15-07:00Private Money Lending|

A revived market for Home Equity Lines Of Credit (HELOCs) is fuelled by quickly growing property values and the fact that roughly two-thirds of borrowers with at least some home equity have mortgage rates below 4% and would not profit from refinancing. Through a [...]

FHFA: GSE Servicers Must Keep Fair Lending Data

2022-08-23T02:32:16-07:00Private Money Lending|

To support sustainability and equity, the Federal Housing Finance Agency (FHFA) has announced that Servicers of federally backed loans will acquire and retain fair lending data. Servicers must begin keeping records of borrowers' age, color, ethnicity, gender, and preferred language by March 1, 2023. [...]

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