The Housing Challenge: Expert Insights from the Richmond Fed
Discover how construction costs in 2022 impacted the average sales price of new single-family homes, offering valuable insights for private lenders. Read more.
The Impact of Decreasing Mortgage Rates on Spring Housing Inventory
As a mortgage industry expert, I provide clinical summaries on industry news. Find out how lower mortgage rates are impacting housing supply and increasing demand. Benefit from this valuable insight.
Foreclosure starts increase in October, yet near-term risk remains limited: ICE.
Foreclosure starts surge, reaching an 18-month peak, yet loans in foreclosure display a 25% decrease from pre-pandemic levels. Valuable insights for private lenders.
Housing Market Update: Priciest Listing Receives Reduction to $195 Million
"Explore the major price cut at Casa Encantada, formerly the most expensive residential real estate listing at $250 million, now available for $195 million. Get the latest industry insights."
EAH Housing Initiates Development of Budget-friendly Residence in Maui
"Discover the development of an affordable housing complex in Maui spearheaded by EAH Housing. CEO Laura Hall shares the company's excitement and the project details."
Dark Matter Technologies’ Loan Origination System Adopted by CUSO Home Lending
"Discover how CUSO Home Lending is revolutionizing private lending industry with the introduction of Dark Matter Technologies’ Empower loan origination system for credit union owners."
CEO of CoStar Denies Company’s Involvement in Commission Lawsuits
"Understand the stance of CoStar Group's CEO, Andy Florance, as he clarifies his company's non-involvement in recent commission lawsuits, shedding light on industry intrigue."
Freddie Mac to Launch Fee-Based Repurchase Pilot Program
"Explore Freddie Mac's pilot program—a fee-based repurchase alternative set for an initial launch in 2024, promising solutions for performing loans in private lending."
Private Mortgage Note Servicing: Your Comprehensive Glossary of Terms
Private Mortgage Note This is the foundational legal document outlining a borrower's promise to repay a debt, secured by real estate. Unlike institutional loans, a private mortgage note is typically issued by an individual, a private lender, or an investment group, rather than a [...]
The Investor’s Essential Glossary: Private Mortgage Note Servicing & Transfers
Private Mortgage Note The Private Mortgage Note, often simply called a 'Note' or 'Promissory Note,' is the legal document signed by the borrower that outlines their promise to repay a loan to a specific lender, along with the terms of repayment, interest rate, and [...]