New Home Sales Rise 18.7% Year-Over-Year
"Amid a federal government shutdown, new home sales show a significant year-over-year increase, highlighting trends valuable for private lenders."
House bill proposes increased VA loan fees to support veterans’ benefits.
Mortgage trade groups are watching a new House bill that proposes increasing fees on VA loans to support other veterans' benefits, impacting private lenders.
JPMorgan Begins Mortgage Earnings Season with Increased Origination Volume
JPMorgan Chase reports a significant 29% rise in mortgage origination volume, signaling potential shifts in the mortgage lending landscape for private lenders.
The 2–4% Mortgage Barrier: Exploring Defeasance as a Solution
U.S. housing market faces inventory challenges as rate-locked homeowners hesitate to sell. Low mobility impacts transactions amid rising home values.
Private Mortgage Note Servicing Software: Essential Features Explained
Private Mortgage Note Servicing Private mortgage note servicing refers to the comprehensive management of loans held by private lenders, investors, or individuals, rather than traditional banks. This encompasses everything from collecting monthly payments and managing escrow accounts to handling borrower inquiries and ensuring compliance [...]
Unveiling the Core Features of Private Mortgage Servicing Software
Key Terms in Private Mortgage Servicing Software Loan Boarding Loan Boarding refers to the initial process of setting up a new mortgage loan within a servicing software system. This involves accurately inputting all critical loan data, such as borrower information, loan terms, interest rates, [...]
Your Essential Guide to Private Mortgage Servicing Software Terms
Loan Servicing Software A central system for managing all aspects of a mortgage loan post-closing. It covers payments, escrow, reporting, and compliance. For private mortgage servicing, this software automates manual tasks, significantly reduces errors, and ensures regulatory adherence for individual lenders or investors holding [...]
Streamlining Success: Key Features of Private Mortgage Servicing Software Explained
Loan Boarding The process of accurately setting up a new loan within the servicing software. This involves inputting all critical loan data, such as borrower details, loan terms, payment schedule, interest rates, and escrow information. For private mortgage lenders, brokers, and investors, efficient loan [...]
South Dakota Gubernatorial Candidate Suggests Two-Year Property Tax Waiver for First-Time Homebuyers
Discover a proposed two-year property tax waiver for first-time homebuyers in South Dakota, emphasizing fiscal responsibility for potential benefits.
October Sees Increase in Housing Starts
Single-family housing completions rose to 1 million, marking a 6% increase. Explore the implications for private lenders and market trends.