Optimal Blue Responds Strongly to Price-Fixing Lawsuit
Optimal Blue's CEO Joe Tyrrell addresses a class action lawsuit regarding mortgage price-fixing allegations, asserting that the claims are baseless and absurd.
Plaintiffs in sexual assault lawsuit allege fraudulent misrepresentation by eXp
In a third amended complaint, Acevedo plaintiffs allege the brokerage failed to investigate their claims, raising concerns about due diligence and accountability in lending.
Redfin enters dispute as Zillow and Compass contend over witness testimony.
Compass seeks access to drafts of Glenn Kelman's listing policy blog, while Zillow opposes a Compass agent's potential testimony, highlighting industry tensions.
Beeline Loans Innovates with Blockchain for Home Equity Transactions
Beeline Loans pioneers blockchain technology with its initial home equity transactions, presenting a modern, debt-free solution for private lenders.
Popular Bank Exits the Mortgage Industry
Popular Bank is exiting the U.S. residential mortgage sector to enhance profitability, closing four New York branches as part of this strategic shift.
HighTechLending Introduces Senior HELOC with Credit Card-Like Flexibility
Discover how American Senior Lending's new HELOC offers seniors a flexible, credit card-like tool for accessing funds, tailored for those facing credit challenges.
Private Mortgage Glossary: Key Terms for Lenders, Investors & Servicers
Private Mortgage A private mortgage, often referred to as a "hard money loan," is a loan funded by an individual investor or a private lending company rather than a traditional bank or credit union. These loans are typically asset-based, meaning they are primarily secured [...]
The Essential Glossary for Private Mortgage Servicing Success
Promissory Note A legally binding document that serves as a borrower's written promise to repay a specific sum of money to a lender under agreed-upon terms. It outlines crucial details like the loan amount, interest rate, payment schedule, and maturity date. For private mortgage [...]
Private Mortgage Lending & Servicing: Your Essential Glossary
Private Mortgage Note A Private Mortgage Note refers to the specific loan agreement between a private lender (or investor) and a borrower, secured by real estate. Unlike institutional bank loans, these notes are often originated by individuals, private funds, or smaller companies. It encompasses [...]
The Essential Glossary of Private Mortgage Lending & Servicing Terms
Key Terminology in Private Mortgage Lending & Servicing Private Mortgage Note A private mortgage note, often simply called a "note" or "promissory note," represents a written promise by a borrower to repay a specific sum of money to a private lender or investor, typically [...]