REQUIRED READING: Strategies For Diagnosing Troubled Second Liens
The value of delinquent second liens declines extremely rapidly, with many losing almost all of their full value within 90 days after becoming...
REQUIRED READING: Efficient Tax Management Bears Possible Cost Savings
The challenges and uncertainty in the mortgage market and the volatility in the U.S. economy continue to keep lenders and servicers under tremendous...
REQUIRED READING: Shifting Lender Preferences Reflect Credit-Crunched Construction Market
In April 2007, New Century Financial, the nation's largest nonprime residential lender at the time, filed for bankruptcy protection. This company was the...
REQUIRED READING: Paying Triple-Extra Attention To Consumer Protection Laws
So-called vulture investors perched atop the mortgage market's gaping valley are no doubt salivating at this given moment. Whole loans and mortgage-backed securities...
REQUIRED READING: Licensing, Mailed Notices Now Required In North Carolina
Whipped into a mob-like frenzy by mainstream media reports of a foreclosure crisis and subprime crime, legislatures across the country and the U.S....
REQUIRED READING: Shaky Sectors, Nonperforming Loans Now Dot CRE’s Landscape
Sound property fundamentals and extremely low - but upward-creeping - loan delinquency figures have served as the popular pillars of strength that commercial...
REQUIRED READING: Peer-To-Peer Lending Fills A Growing Niche
Not every corner of the financial services industry has been negatively impacted by the current state of affairs. Peer-to-peer lending (also known as...
REQUIRED READING: Foreclosure-Heavy Ohio Gets New Procedures
Ohio's Substitute House Bill 138, which revises many of the procedures in foreclosure actions, became effective on Sept. 11. The bill originated in...
REQUIRED READING: Healthcare Loans Now Streamlined Under HUD Reorganization
In the musical 'My Fair Lady,' an exasperated Professor Henry Higgins vainly deals with an issue that has perplexed humankind for as long...
REQUIRED READING: Knowing Your Customers Helps Fight Mortgage Fraud
When it comes to mortgages, fraudsters have shown incredible creativity over the years. Consider the advent of 'air loans,' in which a fraud...
REQUIRED READING: Popularity Of Reverse Mortgages Means More Defaults Expected
With the aging U.S. population, reverse mortgages are becoming a popular way for older Americans to access the equity in their homes as...
REQUIRED READING: How To Select Doc-Management Products, Accessories
Document-management systems provide numerous benefits to a commercial mortgage organization. However, the flexible nature and wide-ranging functionality of these systems can sometimes make...
REQUIRED READING: Energy Efficient Mortgages Are Still Waiting To Shine
During the past year, two of the top stories that dominated American business news headlines were the turmoil in the housing market and...
REQUIRED READING: The Changing Legal Landscape In The Mortgage Servicing Industry
Like any complex and high-profile national industry with a large number of variables, the mortgage servicing industry is always evolving. As the people,...
REQUIRED READING: Managing Non-Routine CMBS Assumptions
The assumption process for a commercial mortgage-backed securities (CMBS) loan shares many of the process and underwriting fundamentals used by life companies, commercial...
REQUIRED READING: A Beacon Of Hope In Today’s At-Risk Communities
Within the realm of residential lending, community development financial institutions (CDFIs) occupy a relatively slender space in regard to origination output. They also...
REQUIRED READING: When Bad Things Happen To Those With Good Intentions
Loss mitigation is the new mantra of any servicer. With slumping housing markets and economically depressed customers, loss mitigation offers a solution for...
REQUIRED READING: If The Lender Is Willing, Mixed-Use Is Still A Winner
In February of this year, talk of mixed-use projects dominated most developers' accounts of their current and planned activities, and the disproportionate enthusiasm...
REQUIRED READING: A Risk Management Primer
In the good old days, mortgage lending operations were largely local and, while not entirely without risk, fairly safe. Most lenders were closely...
REQUIRED READING: Pay Attention To Mandates Related To Foreclosure Notification
Ensuring that notices related to foreclosure are properly and legally furnished is a traditionally hands-off consideration for servicing organizations. After all, creditors' attorneys...