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Results (10,000+)
Christian Carson Should I stop screening tenants' credit?
9 August 2013 | 16 replies
They either don’t have e-mail or have too many technical difficulties to process the request.
Barbara E. Should nonbank special servicers have more regulations?
29 October 2014 | 2 replies
I've been reading a lot on housing wire, nasdaq, market watch, and mortgage orb, and it seems a big discussion occurring is whether or not nonbank servicers should have more regulations.Here is what I learnednonbank special servicers wield $1.4 trillion in mortgage servicing rights out of a nearly $10 trillion marketnonbanks use short-term financing to buy servicing rights for troubled mortgage loans that will likely not pay off until difficulties resolve in the long-termInfrastructures might not be able to handle the responsibility of servicing large volumes of mortgage loans17% of the 30 largest mortgage servicers were not banksnonbank special servicers more susceptible to economic downturns that could increase nonperforming loans that require servicer loss mitigationnonbank servicers don't require same capital levels as a large bank lenderreason for standards for banks was deposit insurance and the sense that IDIs could impose risks on taxpayers (not applicable to non-banks)A recent report from Fitch Ratings suggests rise of nonbank servicers threatens private-label residential mortgage-backed securitizations (nonbanks now service 74% of all private-label securities by loan count)higher risk to GSEs buying from nonbanks due to a counterparty that may default on financial obligations (representation and warranty obligations)Elizabeth Warren, instrumental in formation of the CFPB is pushing for study on nonbank servicers.I know there is a variety of different professionals on BP, and I'm trying to understand and, more importantly, weigh all the pros and cons and consequences that would occur if the FHFA were to impose stricter regulations on nonbank servicers.
Keith Schulz Business Credit
21 May 2020 | 34 replies
It takes patience, but I now have credit established and I could apply for loans with much less difficulty because I have a history.
Adair Smith How do you beat the winter vacancy rules???
25 November 2008 | 15 replies
Evictions gone down as do moves, so we have less vacancies.We do have more difficulty filling those vacancies with less showings per available unit; thus, the foot traffic is not there.
Justin Gordon Market with All inclusive rent
13 March 2016 | 3 replies
Vacancy rates are higher in my town than other neighboring towns so it makes my strategy choice even more difficult I am just getting back into real estate so I am hesitant to go against the grain but my rational brain tells me it's the smart move.  
Meg K. Panicking
31 August 2015 | 44 replies
Tenants like the ones you now have can have difficulty scraping together the "move in money" they will be needing in order to get a new place.
Kevin McIntyre Any experience Clyde Lewis Loan FIrm??
10 January 2017 | 16 replies
I told him about it and he told me that he was technical difficulties Im glad I googled him and thanks to you guys you all just confirmed and thanks to BP!
Frank Artusa Fire Island Investing
16 July 2016 | 2 replies
@Frank Artusa Cant give you advice about that specific are but in terms of investing in seasonal rental properties a lesson i learned is that you have to REALLY analyze the vacancy rates because thats what really affects profits..the other difficulty is hiring an agency and getting a solid contract making the renters pay for cleaning costs and what not...other then that vacation rentals are pretty smooth because the renters are just on vacation and not looking to cause damage
Chris Propes Umbrella Policy Ammount
4 May 2016 | 10 replies
I know I can get additional protection with an LLC but so far I have stayed away from that option mainly just because of the potential difficulty for financing future deals and/or transferring my existing properties with mortgages into the LLC.
James Cannon Housing Crash in 2018-2019
27 March 2018 | 67 replies
I have difficulty believing an "expert" that doesn't know the difference between "weary" and "wary"