Corey Dutton
Loan Modification Business is Booming – Are These Companies Harming or Helping Consumers?
I recently met the owner of a local loan modification company. Like most of the loan modification businesses out there, this company takes an upfront fee from homeowners who are underwater in their mortgages or are he...
John Vega
Loan officers, Brokers.
Hi guys, I hope all is well with you, my name is John Vega, have you by any chance considered hiring someone who has experience calling first-time home buyers or clients who need to refinance their home? I have been a...
Urvashi Vasishtha
Political results impact the real estate industry. Yes or No?
Had an interesting discussion in the Department Heads group today where our CEO who has done more than 3000+ transactions and has an industry experience of 20+ years opined on the possibility of the election results i...
Don Konipol
Two Distinct Categories of Non Performing Notes
In the commercial mortgage space we have found that NPN investments can be divided between
(1) purchasing NPNs in which we’ve had no or minimal contact with the borrower, and
(2) purchasing NPNs in which we’ve worke...
Corey Dutton
Is Consumer Financial Protection Lacking Among Peer-to-Peer Lende
Consumer lending platforms, also known as crowdfunding, or peer-to-peer lenders, have inundated the consumer lending space since 2008. Although the Consumer Financial Protection Bureau (CFPB) has wreaked havoc on the ...
Brian Lacey
Borrowing in a Negative Interest Rate Economy
If the Fed goes to negative interest rates for the overnight borrowing, what does that look like for investors?The Fed for years was at 0-.25% interest, a loan was in the 3-5%.Is the logic conclusion mean if the Fed w...
Jon Fletcher
Broker License But No MLS Agent Code
I obtained my broker license and have successfully represented Buyers on five transactions without joining an MLS. Each time, the Seller's Agent asks for an MLS Agent Code, and I just tell them that I don't have one. ...
Wesley Robinson
Beginning Phase of Wholesaling
Greetings everyone, my name is Wesley Robinson. Graduated from UNO in Marketing/Business and I'm looking to establish myself in the real estate realm. I plan on starting with wholesaling to get some available capital ...
Patrick Desjardins
SSN Issue
Hey guys,I have a file where the SSN that was provided to us returns an invalid credit report. The note seller is out of business (no surprise). We don't have the original loan docs in the collateral.Inside the collat...
Ken Rishel
Think Lonnie Dealers are Safe from the CFPB?
On May 25, 2012, the Consumer Financial Protection Bureau (Bureau) issued a Proposed Rule (Rule) which, if adopted, would govern the process by which a "nonbank covered person" may become subject to the supervi...