mortgage

It is obvious that private lending continues to be very profitable in the world of real estate investing, but with the continued growth of real estate investing comes the need for more and better funding. To keep up with this growing trend, private lending companies who make business purpose mortgage loans are now obtaining multiple …

The Complexities and Nuances of Commercial Lending Licensing Read More »

Mortgage Loan Modifications

A loan modification will change your mortgage terms, making the loan more affordable. A loan modification may be the best option for eligible borrowers if they are struggling to make the monthly payments on their mortgage or those who fall behind and face foreclosure. If this describes your borrower’s current situation, we’ve put together this …

Mortgage Loan Modifications Explained Read More »

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**NOTE: This article only applies to Business Purpose Residential/Commercial Real Estate.** Mortgage licensing in California can be a confusing venture if you’re not aware of the distinctions between the governing agencies and licensing regimes. California has two government agencies regulating private lending: The California Department of Real Estate (“DRE”) and the Department of Financial Protection …

Dazed and Confused: California Mortgage Licenses Read More »

While the ongoing coronavirus pandemic continues to impact every facet of life, businesses across all industries have begun to adapt to a ‘new normal.’ Zoom calls have usurped in-person meetings. That once expansive corner office has been replaced by a laptop on the kitchen table or a FaceTime call from the couch. Processes that were …

Market Update: Status of Residential Bridge Loans Read More »

Black Knight released a report last week reflecting that mortgage delinquencies rose by 1.6 million in April, resulting in a national delinquency rate of 6.45%. The April delinquency rate is more than twice the rate of 3.06% for March. The April increase is far and away the largest month over month jump in delinquencies that …

[COVID-19] Mortgage Delinquency Rate Spikes in April Read More »

When using a deed of trust to either fund the acquisition of real estate or secure a loan using your property as collateral, a valid trustee is a mandatory component of the process. The majority of states that utilize deeds of trust as opposed to mortgages have statutes governing the specific prerequisites a trustee must …

Selecting a Trustee for a Deed of Trust Read More »

The Federal Reserve’s increase of interest rates a few weeks ago has spurred many homebuyers into action for fear that the continuous lowering of interest rates may have come to an end. Even so, borrowing costs for banks is at the lowest level since 2008, and even mortgage rates for borrowers with damaged credit have …

Home Buying Demand Increases Due to Interest Rate Fluctuation Read More »

Tappable Homeowner Equity Hits Record High

Towards the end of last year, we saw tappable home equity decline, but we are now seeing the second consecutive quarter of increases, hitting an all-time high of $6.3 trillion in tappable equity, according to a report from Black Knight. Tappable equity is defined as the share of equity available to homeowners with mortgages to …

Tappable Homeowner Equity Hits Record High Read More »

Private lending is not as burdened with the abundance of federal regulations that apply to bank lenders. However, that being said, there are still critical regulatory requirements with which lenders must comply, namely Anti-Money Laundering (AML) verification. Just like bank lenders, private lenders are also susceptible to loan application fraud, of particular concern is identity …

What You Need to Know to Prevent Mortgage Fraud Read More »