If you own or service second mortgages in California, there’s a new law you need to be aware of, AB 130. It went into effect on June 30, 2025, and it fundamentally changes how you’re allowed to initiate foreclosure on second loans. Under [...]
At Note Servicing Center, we are committed to providing you with the best mortgage note servicing experience possible. As part of our ongoing dedication to innovative technology and streamlined processes, we are thrilled to announce the launch of our new and improved online [...]
A recent survey conducted by LendingTree reveals that a significant number of today's homebuyers are relying on financial support from their families to achieve their dream of homeownership. The survey, which included 2,000 adults, found that 39% of homeowners have received assistance with their [...]
Lenders are looking to take advantage of anticipated downtime by upgrading their internal processes as 2022 proves to be a difficult year for the lending industry. Lenders compete for time and resources all the time. The last two years have been spent completing, shipping, [...]
After investigating whether companies claiming exemption because they rely on "complex algorithms" violated federal anti-discrimination law, the Consumer Financial Protection Bureau confirmed on Thursday, May 23rd, that all lenders must explain their rationale when denying credit to loan applicants. According to legal experts, the [...]
From 2021 to Q1 2022, refinance volume has declined considerably. According to the MBA, refinances will plummet by more than 60%. As a result, brokers will have to turn to the purchase market to meet their volume requirements. The slowing refinances market and the [...]
This week, the Consumer Financial Protection Bureau (CFPB) released a report on servicers' performance in the second half of 2021. According to the research, services improved their call metrics on average, although some continue to fall behind in aiding borrowers. For example, from May [...]
As we move into the second half of 2022, lenders need to be adequately prepared for what lies ahead. We have seen several occurrences these past few months since the year began and their impact on the lending business. Here are some projections on [...]
Fast-rising interest rates are fuelling today's mortgage market catastrophe. The rate hikes began in January and are still going on. The mortgage business is dealing with rapidly growing inflation, exacerbated by congested supply chains, the escalating war in Ukraine, and the linked, expanding sanctions, [...]
Explanation of Transmittal Documents NEW LOAN: For a NEW LOAN completely fill out the appropriate documents (One for each Loan), print and submit these forms by e-mail or fax or mail. We have included a Form, in the package to complete for each investor [...]
