Loan Think

The CARES Act does not define what a covered period is when it comes to residential mortgage borrower requests for forbearance.

Community banks and credit unions could carve out an opportunity by refinancing mortgages from larger institutions.

Simply stated, the federal forbearance of mortgage payments is perhaps the largest unfunded public mandate in American history.

The government is cushioning the impact of the coronavirus on consumers, but independent mortgage bankers need funding to deal with increased levels of servicing advances because of forbearances.

With increased economic distress because of the coronavirus, lenders are likely to see an increase of borrowers looking for a mortgage rescission, arguing they are eligible for an extended filing time frame.

A number of proposals have been floated for debt payment holidays and other types of moratoria, but such approaches offer solutions that are worse than the problems.

Facebook and other social media platforms are a powerful way to connect members and loan officers, but lenders must ensure they first have a culture of compliance.

With the return of volume and profitability to mortgage lending, it is no surprise that commercial banks are coming back to the market.

There is a real possibility of a large, nonmortgage brand coming into the industry and consolidating a disjointed loan origination process.

Commercial real estate market participants could be missing the stresses that are wearing down the foundations of growth in the small-cap segment.