Small Rise in Mortgage Demand Driven by Purchase Applications
Mortgage applications increased by 0.2% last week, driven by a rise in government purchase loan applications, highlighting resilience in the market.
Alabama Home Sales Experience Decline in October
Alabama's median home sales price increased 7.6% month-over-month and 19.7% year-over-year, highlighting potential shifts in market dynamics for private lenders.
Note Servicing Center Nominated for Best of Notes 2025
VOTE FOR US Vote for Us We are proud to share that Note Servicing Center has been officially nominated for the Best of Notes 2025 Awards. With more than 40 years of continuous service in the note industry, this recognition reflects long-standing [...]
SitusAMC Reports Cyberattack and Data Breach in Real Estate Sector
SitusAMC, a key player in real estate technology, recently experienced a contained cyberattack, raising concerns about cybersecurity in the industry.
Pending Home Sales Hit Multi-Year High as Mortgage Rates Approach 6%
Mortgage rates have stayed below 6.64% for 16 weeks, contributing to an increase in total pending home sales, presenting opportunities for private lenders.
Demystifying Borrower Workouts: A Comprehensive Glossary for Private Mortgage Servicing
Core Borrower Workout Terminology Glossary Understanding the specialized language of borrower workouts is essential for mortgage lenders, brokers, and investors navigating the complexities of private mortgage servicing. This glossary provides clear, concise definitions tailored to help you gain clarity without unnecessary jargon, enhancing your [...]
The Essential Glossary of Mortgage Workout Terminology for Lenders and Investors
Here is a glossary of core borrower workout terminology, designed for mortgage lenders, brokers, and investors: Loan Modification A Loan Modification is a permanent change to the original terms of a mortgage loan, such as the interest rate, loan term, or even the principal [...]
Mortgage Borrower Workout Terms: An Essential Glossary for Lenders, Brokers, and Investors
Here is a glossary of 15 core borrower workout terms, tailored for mortgage lenders, brokers, and investors, followed by structured data markup. Loan Modification A change to the original terms of a mortgage loan, often made to help a borrower experiencing financial difficulty avoid [...]
Private Mortgage Servicing: An Essential Glossary of Borrower Workout Terms
Delinquency Delinquency refers to the state where a borrower has missed one or more scheduled mortgage payments. It's the initial stage of a potential default and often triggers a series of actions from the loan servicer. For private mortgage lenders and investors, tracking delinquency [...]
The Essential Glossary of Private Mortgage Workout Terms
Loan Modification A Loan Modification is a permanent change to the original terms of a mortgage loan, such as the interest rate, loan term, or even principal balance, specifically designed to make monthly payments more affordable for a borrower experiencing financial hardship. For private [...]