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Understanding the Purpose and Process of Assignment of Rents
Discover the significance of an Assignment of Rents for commercial loans. Learn why it's crucial and how it is enforced in real estate transactions.
Moody’s predicts decline in Nonbanks’ profitability over next quarters
Nonbank mortgage companies saw improved profitability in Q3, outperforming Q2. Private lenders can gain insights on the industry's growth potential.
First American’s $1 Million Cybersecurity Settlement Marks Milestone
As an industry expert, I provide clinical summaries of mortgage news. First American, a Big Four title firm, to pay $1M settlement to NY Department of Financial Services over cybersecurity violation. Interesting for private lenders.
Reviewing the Successes and Failures in the Real Estate Market During the Week of November 20-24
Discover the latest in real estate news, covering agent commissions, NYC's newest hotel, and future flood preparation. Perfect for private lenders.
Fidelity National Financial falls prey to cybersecurity breach
Fidelity National Financial faces cybersecurity attack, prompting network shutdown, impacting private lenders. Stay updated with latest industry news.
Mortgage applications reach six-week peak, reports MBA.
As a seasoned industry expert, I provide concise summaries of relevant news. Discover how recent rate fluctuations led to a surge in mortgage applications, attracting private lenders. Find out more.
Movement Initiates Litigation Against Summit and Former Sales Executives for Alleged Poaching
"Legal battle ensues as three top sales executives transition from Movement Mortgage to competitor Summit Funding, stirring controversy in private lending industry."
Annual Surge of Nearly 40% in New Home Mortgage Applications: Insights from MBA
"Discover how mortgage demand spiked by nearly 40% in October YoY, driven by a surge for new homes due to depleted inventory of existing properties."
Fitch Predicts a 3% Annual Increase in Title Revenue by 2024
"Explore Fitch Ratings' neutral stance on the title industry amidst economic challenges. Look forward to potential 3% revenue increase anticipated for 2024."