lender | firsttuesday Journal

May a trustee retain surplus funds from a foreclosure sale while a wrongful foreclosure action is pending?

by Oscar Alvarez | Jul 30, 2018 | Finance, Loan Products, Mortgages, Real Estate, Recent Case Decisions | 2

Placer Foreclosure, Inc. v. Aflalo Facts: A homeowner obtains a mortgage from a lender, which is...

Does a cost of savings index (COSI) substitution require affirmative approval from a lender’s regulator?

by Oscar Alvarez | Jul 10, 2018 | Finance, Interest Rates, Laws and Regulations, Loan Products, Real Estate, Recent Case Decisions | 0

Campidoglio LLC v. Wells Fargo & Company Facts: A borrower obtains a mortgage from a lender....

Everything you need to know about USDA mortgages

by Carrie B. Reyes | May 9, 2017 | Feature Articles, Loan Products | 0

The Single Housing Guaranteed Loan Program assists approved lenders in lending to rural homebuyers by providing a high level of government guarantee for approved mortgages.

Is a purchaser of a mortgage liable for the conduct of the lender who sold but continues to service the mortgage?

by Whitney Trang | Sep 14, 2015 | Laws and Regulations, Real Estate, Recent Case Decisions | 0

An owner refinances their mortgage secured by a trust deed on their property and establishes an impound account for the payment of homeowner’s insurance.

ITIN mortgages for homebuyers without social security numbers

by Carrie B. Reyes | Dec 18, 2014 | Feature Articles, Loan Products, Real Estate | 152

Tips for ITIN homebuyers and agents.

All about hazard insurance proceeds

by ft Editorial Staff | Jul 14, 2014 | Feature Articles, Finance, Real Estate | 2

Learn about the lender’s ability to apply the proceeds from a hazard insurance claim to the balance due on the loan or release the proceeds from a hazard insurance claim to the owner to rebuild improvements.

May a lender foreclose on an owner’s abandoned property when an automatic stay is in effect during the owner’s bankruptcy filing?

by Elizabeth T. Pardo | Feb 26, 2014 | Laws and Regulations, Real Estate, Recent Case Decisions | 0

Facts: An owner of a commercial property filed for chapter 7 bankruptcy protection as the property...

The votes are in: common lender issues, exposed

by Carrie B. Reyes | Feb 3, 2014 | Finance, Reader Polls, Real Estate | 0

How can the closing process be more manageable for homebuyers?

Small lenders fear QM

by ft Editorial Staff | Jun 18, 2013 | Finance, Loan Products, Real Estate | 0

The CFPB recently issued more parameters for the evolving QM standard.

Buyers want better customer service

by Carrie B. Reyes | Nov 14, 2012 | Finance, Interest Rates, Real Estate | 1

34% of potential homebuyers said they would be willing to pay a higher interest rate if…

Frannie buy-back risk lessened, sort of

by Carrie B. Reyes | Sep 27, 2012 | Finance, Real Estate | 0

Fannie Mae and Freddie Mac (Frannie) have answered the cry of lenders to reduce the risk of buy-backs. Buy-backs, also known as put-backs, occur when Frannie requires the lender to repurchase a loan it made which contains underwriting flaws.

Under recently revised Frannie rules, buy-backs on loans originated on and after January 1, 2013 will have…

Guarantor not liable for loan deficiency when event causing loan to become recourse is not triggered

by Sarah Cantino | Jul 19, 2012 | Finance, Laws and Regulations, Real Estate, Recent Case Decisions | 0

Facts: A borrower entered into a loan with a lender to purchase rental property to lease to a...

FHA rescinds ill-conceived collection accounts rule

by Carrie B. Reyes | Jul 13, 2012 | Finance, Loan Products, Real Estate | 1

The Federal Housing Administration (FHA) recently rescinded its more stringent requirements for...

To property managers: a new client on the block

by Sarah Cantino | May 3, 2012 | Feature Articles, Property Management, Real Estate | 1

This article presents the Federal Reserve’s new rental policy for REOs, and encourages brokers to tap the new client base created by this policy.

Lessons on the Fed: Ben Bernanke’s classroom

by Mary Balash | Apr 17, 2012 | Real Estate | 1

In a course titled “Reflections on the Federal Reserve and Its Place in Today’s Economy”, Ben...

Better lender bureau will accept your mortgage grievance

by ft Editorial Staff | Dec 19, 2011 | Real Estate | 3

Who do you think should be responsible for receiving and resolving mortgage complaints from home loan borrowers? Government agencies – the Consumer Financial Protection Bureau (CFPB) is an important mediator (57%, 41 Votes)...

Appraisal management to the rescue?

by Mary Balash | Dec 7, 2011 | Appraisal, Finance, Real Estate | 2

Appraisers who were under third-party contract with appraisal management company (AMC)...

Strategic default smarts

by ft Editorial Staff | Jul 7, 2011 | Feature Articles, Finance, Real Estate | 7

This article reviews a newly-developed Fair Issac Company (FICO) analytics model which predicts a borrower’s likelihood to exercise a strategic default and revisits the financial advantages of a strategic default for a negative equity homeowner.

Babies and mortgages, mingle with discretion

by ft Editorial Staff | Jun 14, 2011 | Laws and Regulations, Real Estate | 3

The U.S. Department of Housing and Urban Development (HUD) is taking action against mortgage companies who discriminate against expectant mothers applying for a loan or home mortgage insurance. Multiple investigations of lending...

Extreme makeover: a simpler good-faith estimate

by ft Editorial Staff | Jun 14, 2011 | Real Estate | 0

The Consumer Financial Protection Bureau (CFPB) revealed its first two prototypes for a simpler mortgage disclosure form which the fledgling agency hopes will alleviate lender costs and borrower confusion. In spite of the CFPB’s...