Judge Limits Class-Action Lawsuit Against UWM, Rejects RICO Allegations
A federal judge has limited a class-action lawsuit against United Wholesale Mortgage, claiming they conspired with brokers to impose excessive fees on borrowers.
CoStar alleges Zillow is waging a campaign against consumers.
Zillow faces scrutiny for allegedly shifting the blame onto consumers regarding copyright infringement, raising concerns about its impact on the housing market.
7 Ways Professional Servicing Makes Partial Note Investing Work for Passive Income Seekers
Professional servicing is what separates a profitable partial note from a payment-collection headache. Here are 7 ways it protects your passive income stream.
The Nuance of Default: Predicting Future Risk in Private Mortgage Servicing
Analyzing Borrower Track Records: What Past Defaults Tell You About Future Risk in Private Mortgage Servicing Analyzing Borrower Track Records: What Past Defaults Tell You About Future Risk in Private Mortgage Servicing In the dynamic world of private mortgage lending, assessing risk is paramount. [...]
11 Wire Fraud Safeguards for Private Mortgage Investors
Wire fraud costs private lenders millions annually. These 11 safeguards stop the most common attack vectors before funds leave your account.
Private Mortgages: Protecting Your Portfolio from Borrower Self-Insurance Risks
# When Borrowers Self-Insure: Navigating Risks in Private Mortgage Servicing In the world of private mortgage lending, flexibility and personalized solutions often take center stage. Borrowers unable to secure traditional bank financing might find their path to homeownership through private lenders. This unique environment [...]
9 Escrow Obligations Every Wrap Mortgage Servicer Must Get Right
Wrap mortgage escrow is more complex than standard loans. Here are the 9 obligations lenders and investors must nail to protect their collateral and investment.
The Unseen ROI: How Servicer Communication Boosts Your Bottom Line
Why Your Servicer's Communication Style Directly Impacts Your Bottom Line - Note Servicing Center Why Your Servicer's Communication Style Directly Impacts Your Bottom Line In the intricate world of private mortgage servicing, it’s easy to get caught up in the tangible metrics: interest rates, [...]
Non-QM Lenders Intensify Oversight Amid Rising Fraud Risks
Fraud in the non-qualified mortgage market is rising, prompting some lenders to issue exclusion lists. This underscores the need for enhanced compliance practices.
Reverse Mortgage Endorsements Increase Prior to Potential Government Shutdown
Home Equity Conversion Mortgage endorsements increased in September, contrasting with a slight slowdown in secondary market activity during the same timeframe.