Loan Think

The downfall to new technology is that it can feel much like paving the freeway during rush hour—it is very complicated, fraught with risk and susceptible to failure.

Although mortgage servicers hire field service companies to preserve these properties, the property will deteriorate without a tenant or occupant no matter how much maintenance work is completed.

While the qualified mortgage definition is approaching a deadline this month, there are some in the securitized market worried about the rulemaking dragging on.

There’s still an awful lot of damage and debris to be cleaned up in the wake of Hurricane Sandy, with staggering problems for those whose property was in low-lying coastal areas.

Currently, real estate owned entering the market has slowed to about 55,000 a month, compared to 70,000 a year ago.

Begin with the basics. Make sure the corporate formation documents are in order before tackling other compliance tasks like hiring a compliance officer.

The shortage of affordable housing is no longer confined to the major cities with historically large numbers of renters, it is growing across the country.

The upcoming deadline for the qualified mortgage definition is causing a lot of excitement in the secondary market.

Teaching struggling borrowers how to manage their finances creates value at numerous levels not only for the parties directly involved such as servicers.

Finding good strategic partners and vendors by mortgage lenders is not just sound business strategy anymore but the law.