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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.
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30 May 2019 | 10 replies
You wouldn't qualify for their free product since it's for 10 or less properties, but the time savings using the application alone pays for itself many times over.
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14 November 2014 | 12 replies
It is applicable to BP users because while a passive loss can reduce AGI, it must be added back to determine your MAGI, which is then used to determine the special allowance deduction.
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24 January 2016 | 13 replies
Also, ask for full reimbursement of the applicable charges.
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19 April 2018 | 6 replies
I have always taken equal to one months rent security deposits and additional pet deposit if applicable.
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20 November 2014 | 29 replies
If I see that they've had a credit checked by a landlord but they don't list that landlord - their application becomes suspicious.
24 November 2014 | 6 replies
But there are times that despite the property manager's best efforts, a tenant will turn out to be a different person than how they appeared on the application.
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28 November 2008 | 9 replies
They also need to factor in missed payments, missed taxes (if applicable), and the cost of the sale (commissions etc...).However, it does seem odd.Have you had the chance to talk to a manager?
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27 November 2006 | 8 replies
This came in this morning's email briefing from barchart.com:Mortgage apps - Today's weekly MBA mortgage applications index fell -3.7% in the overall index, a -4.3% drop in the refinancing index, and a -2.8% drop in the mortgage purcahase sub-index.
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20 December 2006 | 2 replies
:)I'm part of a web development group that creates next-generation web applications.