PHH Mortgage to cease reverse originations and sell MSRs to Finance of America.
Onity Group is divesting $9.6 billion in reverse mortgage servicing rights to Finance of America, marking its exit from the reverse origination sector.
Investor Reporting: The Catalyst for Scaling Private Mortgage Deals
Why Your Investor Reporting Strategy is Key to Scaling Private Mortgage Deals In the dynamic world of private mortgage lending, building a robust portfolio of deals is often seen as the primary challenge. Yet, many experienced lenders and brokers understand that originating a deal [...]
Deed in Lieu of Foreclosure: The Private Lender’s Start-to-Finish Guide
Deed in Lieu Process: What Private Lenders Need to Know from Start to Finish Deed in Lieu Process: What Private Lenders Need to Know from Start to Finish In the dynamic world of private mortgage lending, navigating distressed assets is an inevitable part of [...]
Medical Emergency Solved: How a Partial Note Sale Saved Their Retirement
Accelerated Retirement Planning: How a retired couple sold a portion of their owner-financed note to fund immediate medical expenses, demonstrating quick access to capital and strategic financial management. Client Overview Mr. and Mrs. Thomas and Eleanor Miller, a charming couple in their late seventies, [...]
IMBs Experience Increased Profitability in Third Quarter
Independent mortgage banks demonstrate stronger profitability as production revenue exceeds increasing costs, signaling resilience in the mortgage sector.
The Unseen Edge: How Superior Investor Reporting Drives Trust and Success in Private Mortgage Servicing
Beyond Returns: The Intangible Value of Excellent Investor Reporting Beyond Returns: The Intangible Value of Excellent Investor Reporting in Private Mortgage Servicing In the world of private mortgage servicing, investor reporting is often perceived as a necessary, albeit tedious, chore. It's the regular transmission [...]
Hard Money Note Defaults: Short Sale vs. Foreclosure for Maximum Profit
Short Sale vs. Foreclosure: A Profitability Analysis for Hard Money Notes Short Sale vs. Foreclosure: A Profitability Analysis for Hard Money Notes In the dynamic world of private mortgage servicing, particularly concerning hard money notes, the specter of default is an ever-present reality. When [...]
Owner-Financed Notes: Unlock Emergency Cash While Protecting Your Retirement
Accelerated Retirement Planning: How a retired couple sold a portion of their owner-financed note to fund immediate medical expenses, demonstrating quick access to capital and strategic financial management. Client Overview Robert and Eleanor Vance, a dignified couple in their early seventies, represented a significant [...]
Century 21 Grows Its Presence in Central Florida
Broker-owner Matthew Mobley, with over 20 years in real estate, has launched a newly affiliated firm, enhancing options for private lenders in the market.
Essential Forbearance Clauses for Private Lender Protection
Forbearance Agreement Templates: Essential Clauses for Private Lenders Forbearance Agreement Templates: Essential Clauses for Private Lenders In the dynamic world of private mortgage lending, flexibility and foresight are not just admirable qualities; they are essential survival tools. Unlike traditional institutional lenders, private lenders often [...]