Commercial lending plummets in 2020
The Mortgage Bankers Association (MBA) forecasts a 59% decline in commercial loan origination amounts in 2020 for a total of $248 billion.
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Tag: mortgage
May a lender refuse to accept a homeowner’s post-petition mortgage reinstatement and foreclose?
Earline Williams v. 21st Mortgage Corporation
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Mortgage credit availability declines as recession certainty sets in
Lenders are walking a tightrope this spring.
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Bankruptcy’s tie to homeownership
Does filing bankruptcy actually benefit homeowners seeking to avoid foreclosure?
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The votes are in: Clients don’t pull their credit report before mortgage pre-approval
According to a recent first tuesday poll, 67% of prospective homebuyers seeking to be pre-approved...
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POLL: Do clients pull their credit report before seeking pre-approval for a mortgage?
Do most of your clients pull their credit report and score before seeking pre-approval for a...
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California tiered home pricing
Home prices turn in a mixed performance across California’s metropolitan areas.
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California mortgage loan originators down in 2019
The trend for state-licensed MLOs is down in 2019.
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Appraisal threshold to be raised for first time in 25 years
Appraisals will not be required for one-to-four-unit residential property transactions of $400,000 and under.
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May the holder of two trust deeds on a property nonjudicially foreclose on the senior mortgage and seek a deficiency judgment on the junior?
Black Sky Capital, LLC v. Cobb Facts: A property owner obtains a mortgage secured by a trust deed...
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May a mortgage holder demand an owner pay portions of the mortgage deferred under a mortgage modification when the owner defaults on the modified mortgage?
Taniguchi v. Restoration Homes, Inc. Facts: A property owner defaults on their mortgage and their...
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Fintech struggles to advance real estate
While fintech has revolutionized financial markets, it has made relatively little difference in how we buy and sell real estate.
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Student debt weighs down the housing market
Get your buyers with student debt on track to homeownership.
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Commercial, residential mortgage originations flat-to-down in 2018-2019
National mortgage volume turned in a mixed performance in 2018.
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California’s sanctuary policies protect homeownership
How does the controversial sanctuary state law help California real estate agents?
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Is Fannie Mae liable for money losses resulting from a false foreclosure report in its underwriting software?
Zabriskie v. Federal National Mortgage Association Facts: A homeowner defaults on their mortgage...
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Government-backed mortgages take off among servicemembers
The number of VA-guaranteed mortgages spiked during the 2008 recession and have only grown in popularity.
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POLL: Where in the homebuying process do most buyers fail to act and kill the deal?
Where in the homebuying process do most buyers fail to act and kill the deal? Pre-approval for a...
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May a mortgage holder recover the amount owed on a junior mortgage after a nonjudicial foreclosure when they are also the holder of the senior mortgage?
Black Sky Capital, LLC v. Cobb Facts: A property owner obtains two mortgages secured by the same...
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Does a lender who discusses foreclosure alternatives with a defaulting homeowner need to initiate the discussion to comply with the Homeowners’ Bill of Rights?
Schmidt v. Citibank, N.A. Facts: A homeowner obtains a mortgage from a lender then goes into...
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