Mortgage & Commercial Lending News.

Houston's premier blog for all things related to Commercial and Residential Hard Money Loans.

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Pitfalls Hard Money Lenders (and Borrowers) should consider to avoid a loan payment default.

Posted by Jim Emerson

Jan 24, 2018 11:59:46 AM

There has been troubling news released by S&P/Experian, as reports indicate that defaults on first credit payments by consumers are on the rise. While most indicators surrounding the economy and the stock market have been positive, this boom in defaults isn’t, as it’s the first time in two years defaults have increased.

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Topics: hard money lenders, residential hard money loans, loans

Dodd Frank may be Good for Large Banks, but in our opinion, it affects Small Banks, Private Lenders AND Consumers negatively.

Posted by Jim Emerson

Dec 4, 2017 11:41:12 AM

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Topics: dodd frank, federal reserve system

A Major Battle for Control of the Consumer Financial Protection Bureau is Brewing

Posted by Jim Emerson

Dec 1, 2017 11:37:25 AM

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Texans have approved the Home Equity Loan Amendment on November 7, 2017 known as Proposition 2.

Posted by Jim Emerson

Nov 21, 2017 12:17:49 PM

The constitutional amendment has changed certain options for the refinancing of home equity loans.  These options include (1) lowering the cap on home equity-loan related fees from 3 percent to 2 percent but excluding certain additional fees from counting towards the cap (2) refinancing of a home equity loan with a purchase money loan (3) changing the threshold of the amount of advances on a home equity loan as long as the principal amount remains below 80% of the fair market value of the home (formerly was below 50% of market value) ;  (4) allowing home equity loans against agricultural properties and; (5) establishing certain authorized lenders to make a home equity loan.

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Topics: home equity loans

The Equifax Data Breach - Information You Need To Know

Posted by Jim Emerson

Sep 22, 2017 3:24:49 PM

Equifax Inc. announced a cybersecurity incident potentially impacting approximately 143 million Americans to potential identity theft. This breach was caused by hackers gaining access to key items of data including names, Social Security numbers, and dates of birth, addresses, driver's license information.  In addition, credit card numbers for approximately 209,000 U.S. consumers, and certain dispute documents with personal identifying information for approximately 182,000 U.S. consumers, were accessed.

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Hurricane Harvey: The Devastation and Disaster Relief

Posted by Jim Emerson

Sep 14, 2017 4:25:23 PM

Hurricane Harvey was the first major hurricane since Wilma in 2005.

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What you need to know about Multifamily Lending: A Hard Money Lender's Perspective

Posted by Jim Emerson

Jul 25, 2017 9:40:25 AM

Multifamily commercial lending is completely different than residential lending. Multifamily commercial lenders come in all shapes and sizes, and learning how multifamily loans are structured will open up new opportunities. Before you begin to invest in multifamily properties, it is important that you understand that residential and commercial lending are different specialties, each with their own unique complexities.

Understanding the differences

Multifamily lending has a lot more factors and questions to consider during the prequalification, and additional parties are involved. Those include attorneys, accountants, and property managers. Whereas, residential

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Topics: Houston Commercial Loans

The Home Buying Mortgage Process From A Mortgage Investors Corporation Perspective

Posted by Jim Emerson

Jul 5, 2017 11:45:15 AM

Understanding the process of purchasing a home is exciting but it can also be stressful if you don’t do your homework first.  Here are a few tips from a Mortgage Investors Corporation from start to finish so you’ll be a wiser homebuyer.  Your credit, your scores and how wisely you shop for a loan that best fits your needs will have a great impact on the rate and fees you pay. To improve your credit, and chances of getting a better mortgage, get current and stay current on your payments.

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Topics: mortgage loans, home buyers, mortgage process

AMI Lenders helps Millennials become homeowners with Hard Money Loans

Posted by Jim Emerson

May 11, 2017 10:37:41 AM

AMI Lenders is a Private Mortgage Investor company or Hard Money Lender who provides innovative solutions, personalized service and applies a proprietary, common sense approach to loan underwriting by looking beyond the numbers to determine the true value and risk of a borrower.  

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Topics: residential hard money loans, houston hard money lenders, buying new home, private mortgage investors

High Cost VS Higher Priced Mortgage Loans 

Posted by Jim Emerson

Apr 11, 2017 10:44:49 AM

There are different types of mortgages and the Consumer Financial Protection Bureau (hereafter CFPB) has made significant changes to the definitions and coverage within these two mortgage categories. First, it is important to understand who the CFPB is and why it was created. The CFPB is an agency of the United States Government responsible for consumer protection in the financial sector. The CFPB creation was authorized by the Dodd-Frank Wall Street Reform and Consumer Protection Act, whose passage in 2010 was a legislative response to the financial crisis of 2007-08 and the subsequent Great Recession. 

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Topics: mortgage loans