lender | firsttuesday Journal

Mortgage fraud is climbing in the wake of the pandemic

by Ashley Collins | Dec 8, 2022 | first tuesday Local, Mortgages, Real Estate | 0

When the real estate market goes low, mortgage fraud goes high!

MLO recession survival guide part 3: Working with REO property

by Carrie B. Reyes | Dec 1, 2022 | Feature Articles, Finance, Real Estate, Recessions, Your Practice | 0

How MLOs can pivot during the recession to earn fees for services needed by foreclosing lenders.

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…