REQUIRED READING: Appointing A Receiver Can Offer Protection During Foreclosure
Industry statistics show that defaults on commercial loans are increasing. In fact, delinquencies on U.S. commercial mortgage backed securities could as much as...
REQUIRED READING: Today’s Reverse Mortgage Challenge
Given the demographics of our senior population, you would think the reverse mortgage industry would be much larger than it is. Some might...
REQUIRED READING: Counselors Talk The Talk, And Purport To Walk The Walk
Though there appears to be no trendier phrase - and perhaps, no busier department - in the servicing industry at the moment than...
REQUIRED READING: Return To Balance-Sheet Lending Means More Mezz
Once upon a time, balance-sheet lenders walked the earth. These were slow, bulky creatures burdened with pouches full of loans, including both the...
REQUIRED READING: Rural Residential Lending: Crisis? What Crisis?
When Scott Thomson encounters news on the crises facing the housing and mortgage markets, it is a subject where he has no firsthand...
REQUIRED READING: The Latest Performance Report From Subprime, HUD/FHA Servicing
Loss mitigation has never been easy, and it's even more difficult in today's servicing environment. Moreover, industry experts say subprime and U.S. Department...
REQUIRED READING: Navigating The Credit Crunch: The Developer’s Survival Guide
As the ripple effects from the subprime mortgage crisis continue to make front-page news, the short- and long-term ramifications for commercial real estate...
REQUIRED READING: Bringing Front-Line Efficiency To Back Office Operations
Going paperless isn't a new concept for the mortgage industry. The promise of the e-mortgage has many lenders jumping on the imaging bandwagon....
REQUIRED READING: Subprime Securitization: What’s A Servicer To Do?
Those of us with good credit and traditional mortgages have no reason to worry about the subprime mortgage problem, right? Maybe not, but...
REQUIRED READING: International Investors Still Seduced By U.S. CRE
While recent market conditions have necessitated a few changes to strategy, international investors' interest in most sectors of the U.S. commercial real estate...
REQUIRED READING: The Chase For Accuracy In Product And Pricing Engines
Prospective loan product and pricing engine (PPE) customers invariably want the vendor to provide a statistic revealing the accuracy of its engine. It...
REQUIRED READING: The Nonstop Pursuit Of Loss Mitigation
Gerald B. Alt, president and chief operating officer of LOGS Network, made a compelling statement during a recent conversation with SM: 'One-hundred percent...
REQUIRED READING: New SBA Protocol Changes Environmental Inquiry Procedures
In keeping with its goal of becoming easier for lenders to work with, the U.S. Small Business Administration (SBA) recently modernized its standard...
REQUIRED READING: Warehouse Lending 2.0: The New State Of Affairs
Of the many mortgage banking dominos that tumbled in the aftermath of the subprime collapse, the warehouse lending sector's fall arguably came with...
REQUIRED READING: Analytics, Tiered Strategies Can Improve Borrower Communication
In the not-so-distant past, mortgage delinquency levels were fairly steady and predictable. Servicers obtained basic borrower and delinquent property status information to drive...
REQUIRED READING: Commercial Properties Feel Pain Of Wall Street’s Breakdown
How did we get here? A total breakdown of the securitization market as we knew it rocked the world financial system to its...
REQUIRED READING: When Sailing High-Tech Waters, Beware Of The Phishing Fleets
In March, an e-mail sent under auspices of the Credit Union National Association (CUNA) began to appear. The e-mail began 'Dear CUNA Member'...
REQUIRED READING: Maryland Mandates Major Changes To Foreclosure Steps
Gov. Martin O'Malley, D-Md., recently signed emergency legislation that brings sweeping changes to Maryland's foreclosure process. This legislation not only lengthens the timeline...
REQUIRED READING: Economy And Earlier Excesses Haunt Slumping Retail
What a difference a year can make. In June 2007, just over one year ago, a borrower could obtain from a conduit a...
REQUIRED READING: Can A Depression-Era Solution Fix Today’s Crisis?
The Home Owners' Loan Corp. (HOLC), little known or remembered now, has an instructive history, beginning in 1933 during a housing and mortgage...