2023 Mortgage Prepayment Slowdown Expected as Delinquency Rises – New Fannie Mae Report

2023-01-27T13:30:44-08:00private loan servicing company, private mortgage servicing|

Prepayments on mortgage loans are expected to slow in 2023 as delinquencies on these loans rise, according to a new report from Fannie Mae. The number of seriously delinquent mortgages (those delinquent by 90 days or more) is expected to increase from 1.5 percent in 2020 to 2.1 percent in 2021 and 2.5 percent in 2022. The increase in delinquencies is expected to lead to a decrease in the number of homeowners prepaying their loans, from 3.8 percent in 2020 to 2.7 percent in 2021 and 2.1 percent in 2022.

Guide to Recent Housing Regulations & Policy Updates: Challenges Facing Regulators, Private Sector Solutions & More

2023-01-27T13:30:58-08:00private lender servicing, private mortgage servicing companies|

This article provides an inside look at the latest trends in housing regulation and policy. It discusses the challenges that regulators and policymakers face in trying to keep up with the rapidly changing landscape of the housing market. The article highlights some of the key issues that are currently being debated, including the role of the private sector in providing affordable housing, the need for more flexibility in zoning regulations, and the challenges of regulating short-term rental platforms like Airbnb.

Maximizing Your Home’s Value Through Innovative Home Technology

2023-01-27T13:36:24-08:00loan servicing for private money lenders, private lender servicing|

While the housing market has been struggling in recent years, there has been one bright spot: the growth of innovative home technology. Homebuyers are increasingly interested in properties that feature the latest tech amenities, and as a result, these homes are selling for a premium. In fact, properties with smart home features are worth an average of 5% to 20% more than comparable homes without them. If you're selling a home in today's market, then, it's important to make sure that it has the latest and greatest in home technology. Some of the most popular features that buyers are looking for include home automation systems, energy-efficient appliances, and intelligent security systems. By investing in these sorts of features, you can make your home more attractive to buyers and increase its value at the same time.

Data-Driven Insights to Track Consumer Trends and Stay Ahead of the Market

2023-01-27T13:36:32-08:00private lender servicing, private money loan servicing|

In a rapidly changing market, data is key to understanding consumer behavior and understanding where the market is heading. Consumer data can be used to track trends, identify opportunities and optimize marketing strategies. Data-driven marketing helps companies to stay ahead of the competition and remain relevant to consumers.

Best Practices for a Quick Home Appraisal Process

2023-01-27T13:37:03-08:00private mortgage loan servicing companies, private mortgage servicing companies|

The appraisal process for a home purchase can be lengthy and stressful for all parties involved. However, there are some best practices that can help to speed up the process. For buyers, it is important to be prepared with all required documentation upfront. This includes a loan application, proof of income, and a credit report. Sellers can help by providing a list of recent home improvements, as well as any relevant HOA documents. Appraisers will need access to the property, so it is important to clear any obstacles in advance. Lastly, everyone should be available to communicate throughout the process to avoid delays. By following these best practices, the appraisal process can be much smoother and quicker for all involved.

Enforcement Relief for HMDA Final Rule Announced by CFPB for 2021

2023-01-27T13:42:17-08:00private lender servicing, private mortgage servicing companies|

The CFPB has announced that it will be relaxing its enforcement of the 2020 HMDA final rule in order to give financial institutions more time to comply with the new requirements. This enforcement relief will apply to both reporting and disclosure requirements, and will remain in place until December 31, 2021. This means that institutions will not be subject to penalties for non-compliance with the new rule during this time period.

Secure Your Future and Mind the Gap: Safeguard Your Home Investment in a Recession Amid Rising Home Prices and Low Housing Inventory

2023-01-27T13:06:35-08:00private lender loan servicing, private money loan servicing|

In the article, "The Looming Housing Market Recession", the author describes the current state of the housing market and the potential for a recession. The author cites several reasons for the potential recession, including the high prices of homes, the high cost of living, and the low inventory of homes. The author also states that the housing market is highly susceptible to economic downturns.

Job Cuts in the Nonbank Lending Sector – A Leading Indicator of an Impending Market Downturn?

2023-01-27T13:38:48-08:00loan servicing private lenders, private money loan servicing|

In recent months, the number of job cuts in the nonbank lending sector has increased, which could mean that the current market downturn may be shorter than anticipated. Layoffs in the nonbank sector are often a leading indicator of an impending market downturn, as these lenders are typically the first to feel the effects of a slowdown in loan demand.

Federal Appeals Court Rules CFPB Funding Unconstitutional – Impact of Supreme Court Decision

2023-01-27T13:40:42-08:00private mortgage servicing|

A federal appeals court has ruled that the source of funding for the Consumer Financial Protection Bureau is unconstitutional. The CFPB is a government agency that was created in response to the 2008 financial crisis. The agency is tasked with protecting consumers from unfair and deceptive practices in the financial industry. The CFPB is funded by the Federal Reserve, which is an independent agency. The appellate court ruled that the CFPB's structure violates the separation of powers because it gives the agency too much power. The CFPB can only be overturned by a vote of Congress, and the agency's director can only be removed for cause. The decision will likely be appealed to the Supreme Court. If the Supreme Court upholds the ruling, it could have a major impact on the CFPB's authority.

MBA Student Lillian Broeksmit Criticizes CFPB: Consumer Financial Protection Bureau Watch website, Wall Street Journal articles & Interview Discussing How Regulations Hurt Consumers.

2023-01-27T13:41:40-08:00loan servicing for private money lenders, private loan servicing company|

MBA student Lillian Broeksmit created a website called "Consumer Financial Protection Bureau Watch" to criticize the agency's policies. She has written articles critical of the CFPB for several publications, including The Wall Street Journal. In an interview, she said that the agency's regulations are "hurting consumers more than they're helping."

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