Servicing
TRD INSIGHTS: 8.5% of home loans are in forbearance – The Real Deal
TRD INSIGHTS: 8.5% of home loans are in forbearance The Real Deal
How To Pay Off Student Loans Faster Than Ever
Nobody wants to pay off student loans longer than they have to, yet far too many people are stuck in lengthy repayment plans that seem like theyâll never end. While income-driven repayment plans backed by the federal government ask you to pay down loans for 20 to 25 years before leading to loan forgiveness, even the âstandardâ […]
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Mortgage Loan Early Payoff Overview
In the Mortgage Industry, Early Payoff a.k.a. as “churning”, “prepayment” or “borrower runoff” is the process whereby borrowers refinance their current mortgage for a better offer with a different lender. Surprisingly, many mortgage industry investors are unaware how much early payoffs are costing them, despite the fact that the practice has increased at an alarming rate. Most investors are much more focused on gaining new business; a process that demands the promotion of more early payoff mortgage loan products.
All About NetSpend Cards
With a checking account, you get a debit card to spend your cash nearly anywhere you wish. But many people can’t qualify for bank checking accounts, and in a world where card transactions are increasingly common, that’s a problem. This … Continue reading →
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7 Tricks to Cleaning Your Bathroom Faster
Mortgage Loan To Value (LTV) Overview
The mortgage’s Loan To Value (LTV) is a key indicator of the lender’s ability to recover on its investment should a loan default occur. The Loan To Value (LTV) is the loan amount divided by the value of the property. The higher the Loan To Value ratio, the greater the monetary risks for the lender should a default occur. Lenders use the LTV ratio in conjunction with other key performance indicators (e.g. FICO Credit Score values and Debt to Income (DTI) ratios) to determine……
Post-2008 Standardized Practices Have Helped Manage Forbearances
Posted To: MND NewsWire
Fannie Mae said that the standardization of servicing standards that followed the 2008 housing crisis appears to have helped the industry manage the recent flood of COVID-19 forbearance plans. The company included a series of questions about forbearance management in its September Lender Sentiment Survey and has now released a special report on the responses. Servicers had to move quickly to implement the forbearance programs, which were first announced by the GSEs Fannie Mae and Freddie Mac and by FHA but were then expanded and mandated by Congress under the CARES Act. They also had to manage the loans in forbearance, continue remittances to investors, and make insurance and tax payments out of escrow accounts. As the plans had three-month terms, borrowers had to be contacted to do renewals…(read more)
BlueVine Business Checking Account Review
Best overall free business checking account – BlueVine With a 1% APY on business checking accounts it’s as if you can party like it’s 1999. Min. Deposit $0 Number of Fees N/A Free Transactions Unlimited SimpleScore 4.8 / 5.0 SimpleScore BlueVine 4.8 Free Transactions 5 Minimum Deposit 5 Support Channels 5 Product Variety 4 No … [Read more…]
How This 34 Year Old Owns 7 Rental Homes
My monthly Extraordinary Lives series is something that I’m really loving, and I’m back with another great interview. First up was JP Livingston, who retired with a net worth over $2,000,000 at the age of 28. Today’s interview is with Paula Pant, a 34-year-old who owns seven rental homes, which last year grossed $125,000 and netted […]
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