REQUIRED READING: Policy Shift: Making Home Salable
mid-May, the Treasury Department once again enlarged its Making Home Affordable program (MHA). What is notable about this latest addition - another set of...
REQUIRED READING: The Fine Art Of Loan Negotiation
nancing of income property is most certainly not an exact science, and some assumptions can be misleading and costly. These basic assumptions and steps,...
REQUIRED READING: New Ideas For Mending Worst-Case REOs
eclosed homes that are advertised as 'bargains' are not always good deals, especially when there are extensive repairs that need to be performed before...
REQUIRED READING: Know Your GSE Multifamily Processes And Products
sequences of the credit crisis are hitting the multifamily market in spite of its strength compared to the other commercial property sectors. Caught between...
REQUIRED READING: The Fannie And Freddie Quandary
#039;s a perfect time to think about the fundamental restructuring of the world famous (and now broke) government-sponsored enterprises (GSEs) Fannie Mae and Freddie...
REQUIRED READING: Is It Time For Electronic Commercial Lending?
ently, President Obama attempted to address the credit crisis by announcing a comprehensive package to address commercial mortgage-backed securities (CMBS) and commercial loans. The...
REQUIRED READING: Searching For Mortgage Banking Jobs
the past two years, the mortgage banking industry has seen a precipitous decline in the number of employment opportunities. As companies have gone...
REQUIRED READING: For Capacity Building, Servicers Follow Lenders’ Lead
In late March, the Mortgage Bankers Association (MBA) revised its forecast for 2009 originations, projecting new loans would total some $2.78 trillion. If the...
REQUIRED READING: During Loan Workouts, Mind The Mezz Piece
zanine lenders are now tasked with figuring out how to best protect their interests as the economy works its way through a recession, and...
REQUIRED READING: Subservicers Speed Ahead Through A Rough Market
servicing appears to be one sector of the mortgage industry where small, entrepreneurial firms not only survive, but thrive. Indeed, most independent subservicers did...
REQUIRED READING: Out With The Old, And In With The New
The macroeconomic problems of job losses, wage cuts, the lack of new lending, adjustable/hybrid rate resets and high interest rates have created the tidal...
REQUIRED READING: Defining The New Multifamily Lending Criteria
of the most basic human needs is shelter. Even the little old lady was willing to set up shop in a used shoe...
REQUIRED READING: You Can Never Have Too Much Transparency
#039;s been called many things: an economic meltdown, a watershed event - even a deep recession. Regardless of the label, the storm has reached...
REQUIRED READING: Finding The Missing Piece In The Reconveyance Puzzle
te-level legislation introduced earlier this year proposed that the beneficiary of a trust deed have only 30 days after payoff to deliver a written...
REQUIRED READING: In A Declining Market, Buydowns May Make Sense
commercial real estate developers, builders and investors alike are carefully pondering their next moves and proceeding more cautiously than ever, positive financial opportunities do...
REQUIRED READING: The Hope From Reverse Mortgages
old axiom about silver linings within dark clouds holds true in today's industry. Whereas many sectors have either crashed or are struggling to...
REQUIRED READING: Feeling The Pinch? Get Ahead Of Advances
of the by-products of the current mortgage market is the explosive growth in advances that servicers are now carrying. High delinquency rates, increased...
REQUIRED READING: From The Securitized Lending Model Back To The Portfolio Mindset
ost daily, I read reports predicting that commercial property values will decline anywhere from 20% to 40% by the time the capital crisis ends....
REQUIRED READING: The Crisis In Warehouse Lending
are a serious movie lover, you will recall 'Network,' a dark comedy from 1976 about the television news business. In the film, the...
REQUIRED READING: REO Nation: How Creative Disposition Can Aid Communities
ry day, more statistics are released that confirm what most of us in the industry already fear: The mortgage crisis probably has a way...