Tag: <span>lending</span>

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IT LOOKS LIKE A CONDO

It looks like a condo, is it a condo? One cannot determine whether or not a structure is a condo by looking at it when it comes to HOA’s. There are many properties that you may know as a patio home, townhome, or even a single-family residence, but because of the way the land was...

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BANKS ARE REVERTING TO OLD BAD HABITS

Today’s post is written by Michael Green, Commercial Loan Originator for Counsel Mortgage Group, LLC.   Banks could be slipping into old bad habits. Last year, as interest rates fell, banks started to loosen underwriting standards reminiscent of the last cycle—the kinds of missteps that ultimately led to the great recession. This includes high loan-to-value...

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NO DISCRIMINATION IN LENDING

As we honor Martin Luther King Jr. today and his fight for civil rights, we want to let you know that, when it comes to lending, there is no discrimination. The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status,...

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RESPONSIBILITY IN LENDING

There is a great responsibility in lending; recently, there appears to be a movement in the marketplace to commoditize lending by making products available on-line. The emphasis is on closing the loan quickly and making the process automated; this approach implies that counseling to find the right mortgage is not necessary, and leaves the choice...

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MONEY CENTER BANKS CUTTING BACK IN 2019

The nation’s largest banks are being more cautious with their commercial real estate lending, based on what they are saying on their earnings conference calls.   The same headwinds that slowed bank lending last year are extending into 2019, as economists debate how much longer the current economic expansion, on pace to reach a record...

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COMMERCIAL LENDING UPDATE

New data and commentary from federal financial regulators are pointing to signs of increased risks in CRE lending. Notably, the amount of delinquent multifamily and owner-occupied property loans on the books of U.S. banks increased in the Q4-17 of last year, according to the FDIC. And while the increases and total volumes are small, the...

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COMMERCIAL REAL ESTATE LENDING UPDATE

By Michael Green Commercial real estate (CRE) lending increased for the 5th consecutive year in the U.S. finishing out a strong 4th quarter.  The increase was spread across all types of lenders and property segments. About ½ of the closings were for acquisitions, significant in light of the bulge in refinances coming due in the...

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LENDING ON DISTRESSED PROPERTIES IN ARIZONA, PART II

 By John R. Rapasky             You comment, we listen.  Since the last post, many of you commented that you wanted more information regarding this topic.  This post discusses 3 different loan programs for the purchase of distressed property.  We work with lenders who provide all 3 programs and would be happy to help you with...