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Loan buybacks haven’t disappeared, but they are trending down

Housing Wire

Non-QM vigilance Pamela Hamrick, president of Incenter Diligence Solutions , which provides due-diligence reviews and document management services for the mortgage industry, said that prefunding reviews are also gaining more traction in the nonqualified mortgage ( non-QM ) space.

Loans 385
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Opinion: Title insurance is vital to protecting the American dream

Housing Wire

The capital markets depend on the due diligence, transparency, and protection our industry provides to do its job. It plays an essential role in the economics of homeownership, ensuring that credit reaches those who need it and providing safeguards to those who lend it. Real estate is a $3 trillion industry in the United States.

Title 512
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Risk of mortgage fraud is on the rise in the current market

Housing Wire

“Eric Hill engaged in premeditated criminal acts with the sole purpose of enriching himself, without regard for millions of American homebuyers who rely on federal housing programs to insure their mortgages,” Wyatt Achord, special agent in charge with the Department of Housing and Urban Development (HUD) Office of Inspector General, said in a U.S.

Mortgages 390
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What is a Seller’s Disclosure? Here’s Why It’s Important

Redfin

If done correctly, this document will protect the seller from being held legally liable for any issues that may develop with the home in the future. Estate sales or bankruptcy sales. If a no seller’s disclosure occurs, there will be a due diligence period. The seller only needs to disclose what is required by their state.

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Passive Income Ideas: 25 Ways To Earn More Money In 2020

Marco Santarelli

If you wanted to join private developers in property investment groups buying houses or apartment buildings, multiply that by a factor of ten. If they are sued or go into bankruptcy, you’re joined at the hip as their business partner. Furthermore, those seeking passive income ideas will appreciate the low cost of entry.

Lending 135
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Find Cash Home Buyers in Houston for a Fast, Simple Sale

HomeLight

Investors offer alternatives to foreclosure and bankruptcy About 60% of sellers who contact Ramcharitar are behind on their mortgage payments. While some homeowners opt for foreclosure in a distressed situation, others decide to declare bankruptcy. The buyer does due diligence during the option period in Texas.

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