In this webinar, SimpleNexus will explore the benefits of a single-platform experience for loan officers, borrowers, and Realtors during the loan transaction. Attendees will learn the importance of considering the experience of all three stakeholders when choosing new technology and the possible effects an implementation can have on these parties. The webinar will also give …
The CFPB announced Thursday that it is proposing new Home Mortgage Disclosure Act (HMDA) rules that would increase the HMDA reporting threshold for mortgages, meaning some smaller lenders and credit unions may not have to report their lending activities, at all. Under the current rules, lenders that originate 25 mortgages or more in a two-year …
Click here for Tom Henderson’s article “Advanced Technique For Purchasing Wraps.” Tom will teach his Complete Course On Acquiring Wealth With Seller Financing & Notes June 21-22, 2019 in San Antonio, Texas. Click here for info.
If you’ve always dreamed of owning property in California’s coastal city of Long Beach, now is your chance — as long as you’ve got $18,000 to spare and not a lot of stuff. The approximately 0.01-acre commercial lot can be used “for storage, food stand or parking carts, bikes etc,” according to real estate agent Tova Oren’s listing. …
$18K will buy you a 4-foot wide, 90-foot long strip of land in CA Read More »
Contributed by DeWitt Ingram, who comments, “This is an enduring reason why the independent note investor can provide provide funding sources and solutions to the borrowing public when large institutional lenders can’t.” Homes are actually a bit more affordable today than a year ago, and experts are watching to see if that will continue in …
Average Americans can’t afford a home in 70 percent of the country Read More »
Rent control does not work. That’s one of the most settled issues in economics, one widely accepted across the ideological spectrum. Yet politicians continue to peddle rent control with a seemingly willful ignorance. Oregon is the most recent state to embrace the rent control orthodoxy. The day after rent control prevailed in Oregon, marchers took to the streets …
Law firms, mortgage lenders and servicers were just awarded more protection in serving non-judicial foreclosures, according to a recent Supreme Court ruling. The ruling is a victory for the mortgage industry in its fight to retrieve property from delinquent homeowners. One attorney claims the ruling may eliminate thousands of similar homeowner lawsuits. In the case …
Supreme Court makes it harder for borrowers to fight foreclosures in non-judicial states Read More »
Barbers are earning as much as $180,000 a year in West Texas, one of the hottest job markets in the country, The Wall Street Journal reports. An oil boom that has taken hold over the Permian Basin is leading to so much economic activity and expansion, the area can barely keep pace. Barbers in Pecos are charging …
Texas Town’s Oil Boom Has Barbers Earning $180,000 Read More »
(Contributed by DeWitt Ingram, who comments, “This can easily be spun into private note lending through your church, neighborhood association, alumni organizations, etc. – even if the new borrowers are not your kids!”) Parents are increasingly helping their adult children buy their first home. In fact, a new study suggests that if families were considered …
‘Bank of Mom and Dad’ could rank as mortgage lender Read More »
The New York Federal Reserve Consumer Credit Panel reports that debt among 19- to 29-year-old Americans topped $1 trillion at the end of 2018, the highest debt exposure for young adults since late 2007. Student loans make up the majority of the debt, followed by mortgage debt. Spending among those under age 35, however, has …
19- to 29-year-olds are facing $1 trillion in debt Read More »
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