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 [...]
The Impact of Tariffs and the Supreme Court on the Housing Market
Gain insights on the evolving mortgage landscape, from market challenges to economic shifts, tailored for private lenders navigating today's complex environment.
Unlisted Aims to Expand Access to Housing Inventory
Unlisted, a Proptech startup, connects homeowners with prospective buyers, aiming to unlock housing inventory and facilitate home sales in a competitive market.
Liquidity and insurance premiums are key concerns in the HUD reverse mortgage review.
HUD's RFI on reverse mortgage programs emphasizes the industry's attention to mortgage insurance costs and liquidity challenges, prompting vital discussions among private lenders.