Nine clauses private mortgage lenders must include in every agreement to protect late fee enforceability, default notices, and collection rights - and how professional servicing executes each one consistently.
Private mortgage agreements require seven specific clauses to enforce late fees, send compliant default notices, and protect lender rights through acceleration and cure. This article covers what each clause must include and where enforcement gaps most frequently occur.
CFPB report reviews economic effects on borrowers, detailing potential costs and sparking ongoing debate. Insights relevant for private lenders' strategies.
Many homeowners face unplanned repairs, highlighting a potential opportunity for private lenders to provide targeted financing solutions. Explore the findings.
Senate Bill 51 aims to freeze the assessed value of seniors' primary residences, offering protection against increasing property tax liabilities for homeowners.
@properties Concierge allows sellers to access up to $50,000 for home preparation, deferring payments until closing or after 12 months, enhancing sale potential.
Florida's median sales price for single-family homes shows a slight decline, signaling potential opportunities in the market for private lenders.
PHH Mortgage enhances LASI AI with call recording access and loan-level data tools, boosting efficiency for subservicing clients in the private lending sector.
UMortgage is introducing a flat-fee compensation model, aiming to streamline processes and enhance transparency for private lenders in the mortgage industry.
Explore the shifting dynamics of the rental housing market, where coastal metros stand out amid a broader renter-friendly trend.
