Tagged: commercial lending

Why Your Job Is Paying Attention to Their Jobs Take a look at the new article “Why Your Job Is Paying Attention to Their Jobs” from Dick Lepre of RPM Mortgage, where he explores the impact of a local employment situation on a region’s mortgage market. #mortgages #mortgagebroker Loan originators and real estate salespeople often […]

Construction loans require brokers to manage moving parts and a stream of documents. Read the article “Get a Grip on Your Loan” from Garry Barnes or PW Partners Consultancy to learn more. #mortgagelenders #mortgagebrokers #constructionloans Construction loan financing is truly unique, multifaceted, never cookie cutter and contains many risks lenders do not face when offering […]

Take a Crash Course in Cap Rates Have you read “Take a Crash Course in Cap Rates,” by Stephen A. Sobin yet? Select Commercial Funding LLC #mortgagerates #mortgagebrokers The capitalization rate, or cap rate, of a commercial property is a fundamental metric for evaluating the value of commercial real estate, but how many mortgage brokers […]

Understand the evolving demands of renters to capitalize on new-construction projects. Read the article from Brian Emmons of Merchants Capital for more. #commercialrealestate #mortgagelender The national homeownership rate in second quarter 2018 represented one of the first year over year increases since 2006 in the share of U.S. households that own their homes. Yet, real […]

Mortgage brokers are riding a rising tide The #mortgage industry has generally struggled this year with the rise in #rates, but the #broker channel has been growing. Rick Bettencourt, president of @NAMBpros, spoke with #ScotsmanGuide during their national conference in #LasVegas. The mortgage industry has generally struggled this year with the rise in rates, but […]

Lobbyists for major #housing and #banking trade groups on Friday spoke in favor of a bipartisan House proposal that would wind down @FannieMae and @FreddieMac and create a housing-finance system with multiple private guarantors and a greatly expanded role for @GinnieMaeGov. #ScotsmanGuide Lobbyists for major housing and banking trade groups on Friday spoke in favor […]

Home prices remain in a cooling pattern U.S. #home #price gains slowed for the third consecutive month in October, but prices were still ascending, rising above an already record level on a nationwide basis and well beyond income gains and inflation in several major cities, according to the S&P @CoreLogicInc Case-Shiller Indices. U.S. home gains […]

Self-employed still face homebuying hurdles post-crisis Both self-employed and salaried workers have seen their use of mortgages and homeownership rates decline since 2007; however, the rate of decline in each case is significantly greater for self-employed workers. #ScotsmanGuide A new study from the Urban Institute suggests that the mortgage industry has had a problem qualifying […]

SBA offices have been closed because of the budget impasse over funding for a #borderwall, suspending several popular #loan programs designed for #business owners that may struggle to get conventional bank #financing. #ScotsmanGuide The partial government shutdown entered its record 24th day on Monday, and among those in limbo are small business entrepreneurs waiting for […]

In November, #banking regulators proposed a change that would eliminate #appraisal requirements for many #home sales of $400,000 or less replacing a standard that has been in place since 1994. #ScotsmanGuide Last month, banking regulators proposed a change that would eliminate appraisal requirements for many home sales of $400,000 or less. Currently, homes valued at […]