Senate Democrats caution that CFPB closure may impact prime interest rates.
Senate Democrats express concerns to the CFPB about potential disruptions in average prime offer rates (APOR) if efforts to close the agency proceed.
Boston Mayor Announces 13% Increase in Residential Property Taxes
In Boston, over 70% of the $4.6 billion budget relies on property taxes, predominantly from commercial real estate, highlighting shifts in tax dynamics.
Your Essential Glossary for Private Mortgage Note Investing
Promissory Note A legally binding written promise by the borrower to repay a specific sum of money to the lender or note holder under specified terms and conditions. It outlines the principal amount, interest rate, payment schedule, and maturity date. For private mortgage note [...]
MBA Proposes Revisions to Federal Reverse Mortgage Programs
MBA proposes seven reforms for the HECM and HMBS programs, focusing on new securitization options and adjustments to mortgage insurance premiums.
Chase Introduces Refinance Rate Discounts for Cyber Monday
Chase Home Lending offers a limited-time rate discount on refinance mortgages, providing potential savings for borrowers acting swiftly. Explore the benefits.
eXp introduces a worldwide property search platform.
eXp Realty introduces LYVVE, a global property search platform, enhancing connections between eXp listings and agents across nearly 30 countries.
Strategies for Originators: Thriving in a Changing Market Landscape
Explore how mortgage originators navigate a shifting market with innovative non-QM solutions, emphasizing client education and relationship-building for success.
Private Mortgage Servicing 101: Essential Terms for Lenders & Investors
Key Terms in Private Mortgage Servicing Glossary Mortgage Servicing Mortgage servicing encompasses the administrative tasks involved in managing a mortgage loan from the point of funding until it’s paid off. This includes collecting monthly payments, managing escrow accounts for taxes and insurance, handling customer [...]
Private Mortgage Servicing Explained: A Definitive Glossary
Key Terms in Private Mortgage Servicing Private Mortgage Servicing This refers to the administrative process of managing a mortgage loan after it has been originated, specifically for loans held by private individuals or entities rather than large institutional banks. It encompasses collecting principal and [...]
Private Mortgage Servicing Glossary: Essential Terms for Investors
Key Terms in Private Mortgage Servicing Mortgage Servicing Mortgage servicing refers to the administrative process of managing a mortgage loan from its origination until it is paid off or enters default. For private mortgage lenders, brokers, and investors, effective servicing is crucial as it [...]