This webinar discussed REITs and other tax preferential strategies for real estate and mortgage funds. We’ll discuss the core benefits of REITs, the specific ongoing compliance needs, and the ongoing obligations to manage day-to-day issues including loan sales, foreclosures, and property sales. We’ll also discuss the outlook for the Tax Cuts & Jobs Act as 2025 approaches.
California Usury 101: What Interest Rate Can You Charge?
A common misconception from lenders and brokers when making business purpose loans in California is that any amount of interest accruing on the loan is permissible. While there are various exemptions to California’s usury laws, there is truly no “one size fits all” solution to approach interest rates and default interest when lending in California. In addition, California does have strict penalties for loans that violate its usury laws, so whenever possible, lenders should know how to “fix” their problem loans.
You will learn:
• How California views usury and establishes maximum interest rates
• Various exemptions to usury under California law
• Common approaches to determine interest rates and default rates
• How to “fix” a usurious loan
• Penalties for usurious loans
Lender Lounge with Kevin Kim hosted a special livestream featuring industry legends Daren Blomquist, VP of Market Economics at Auction.com and Rick Sharga, Executive Vice President at ATTOM.
Watch the recording of May 18th LIVE episode below and hear these industry leaders’ thoughts on housing demand, build to rent, interest rates, inflation, and everyone’s favorite doomsday question: is a recession coming?
SB-1079, through its changes to the non-judicial foreclosure process, brought significant opportunity (and new risks) to potential homeowners and entities alike. The bill, signed into law in California at the start of 2021, opened the door for various Litigation concerns to crop up for lenders and litigators alike in 2022 and beyond.
Workouts 101 – Forbearances, Modifications, And Other Loss Mitigation Strategies: What To Do When Your Borrower Can’t Pay
2022 is shaping out to be another strong year for the mortgage industry. But, lenders should always be prepared for loans that don’t pan out the way they are supposed to, and should be ready to jump in with the proper steps to work out loan defaults when borrowers are in trouble. Geraci’s team of experts is always available to provide guidance and strategy on how to manage loan defaults with discipline and proactivity. We will also break down the essential components of well written agreements to keep lenders out of future litigation.