INDUSTRY NEWS
Here you will find the most current and relevant industry news for Private Lending Professionals and Service Providers.
NPLA Meeting Recap: Rates, Volume & Current Market Activity
The most recent NPLA Meeting featured a member-led discussion moderated by Jon Hornik. Discussing rates, volume, and current market activity, the panel of NPLA lenders featured Ezra Dweck from IceCap Group, James Gaskin from Renovo Financial, Stephan Leccese from Lima One Capital, Jeff Fechter from HouseMax Funding, and Allen Shayanfekr from Sharestates. Each shared insights into how their respective organizations are addressing present-day challenges.
California Update: Governor Newsom signs Fix to In re Moon (SB 1146)
Governor Newsom just signed SB 1146, fixing the issue created by the In re Moon decisions. Thank you to the CMA, the NPLA’s Legislative Committee, and all the NPLA members who helped push this important industry fix through both houses and onto Governor Newsom’s desk.
NPLA Meeting Recap: Managing Non-Performing Loans & Title Claims
At the latest NPLA meeting, held on August 15, 2024, an informative member discussion took place regarding non-performing loans (“NPL”), title claims, and foreclosures related to those NPLs. Counsel was provided that if you are going to be in the NPL business, you really need to cover yourself on the business perspective of the underwriting, the title perspective to see what you are getting yourself into, the legal perspective regarding the enforceability of the loan documents and getting the right team to advise you on what remedy to ask for in each state. Each of these items can and will delay your ability to foreclose on the property.
NPLA Meeting Recap: JBREC Mid-Year Housing Market Update
At the most recent NPLA meeting, Devyn Bachman, Chief Operating Officer of John Burns Research & Consulting (JBREC), provided NPLA members with a content-packed macro housing market update.
NPLA Meeting Recap: Mid-Year Legislative Update
In the most recent NPLA meeting, members were introduced to the new NPLA Broker Network Program, received a national legislative update from the Mortgage Bankers Association (MBA), received a California-specific legislative update from Robert Finlay of Wright, Finlay, and Zak, and received an East Coast legislative update from Jon Hornik of LaRocca, Hornik, Greenberg, Kittredge, Carlin & McPartland LLP
NPLA Meeting Recap: State of Private Lending
The most recent NPLA meeting was dedicated to both the continuation of the panel discussion from the May 30 meeting on fraud and the avoidance of fraud in the marketplace and a presentation on the state of private lending by Glenn Hull from SFR Analytics.
NPLA Meeting Recap: Economy & Housing Market Outlook
NPLA members were provided with a wealth of data, information, and market observations at the most recent NPLA meeting. The topics discussed covered the overall U.S. Economy, the housing market, and delinquencies and defaults.
NPLA Meeting Recap: For Sale Market Update
Over the past few years, we have seen a large upward swing in mortgage rates, higher-than-expected inflation, low inventory in most of America’s top markets, and delays of anticipated rate cuts by the Federal Reserve. Despite all this, there were reports of a strong for-sale housing market at the most recent NPLA meeting, especially with new home builders. Danielle Nguyen from Johns Burns Research and Consulting gave a very thorough presentation of the current housing market data and trends.
NPLA Meeting Recap: Fraud Prevention in Lending
The NPLA meeting on May 2nd, 2024, addressed critical themes for the lending industry: economic updates and fraud prevention strategies. Jon Hornik provided insights into the current economic climate, while FundingShield presented solutions to combat the rising threats of fraud in lending.
NPLA Meeting Recap: Cash Management for Private Lenders
Cash serves as the lifeblood of private lending, making effective cash management not merely an option but a necessity. The latest NPLA Meeting brought together members to exchange insights on optimizing balance sheets and mastering cash flow complexities.
NPLA Meeting Recap: Navigating Market Dynamics
The latest NPLA Meeting shed light on the current market dynamics. As investors navigate through fluctuating rate environments and evolving market conditions, NPLA members stand at the forefront, capitalizing on opportunities and adapting strategies to stay ahead.
Here is a look at what is happening in the market and how NPLA members are navigating these changing dynamics.
NPLA Meeting Recap: Insights into Real Estate Dynamics
During the recent NPLA meeting, Rick Sharga, CEO of CJ Patrick Company, delivered valuable insights into the US housing market’s current state and future trajectory. While 2023 saw significant shifts, Sharga’s analysis paints a promising picture of a more balanced 2024.
NPLA Meeting Recap: Hedge Interest Rate Risk 2024
The recent NPLA Meeting featured an insightful presentation by Geoffrey Sharp, Managing Director and Head of Product Development & Sales at Eris Innovations, highlighting how private lenders can utilize interest rate swaps to manage risk and protect their net interest margin. Founded in 2011, Eris Innovations pioneered a unique swap contract design, replicating traditional OTC swaps with the efficiency of exchange-traded instruments. Through strategic partnerships, Eris has expanded access to its products, offering interest rate swap futures in various currencies and credit index futures.
Toorak Capital Partners Makes History with First Rated RTL Securitization Deal
DBRS, Inc. (Morningstar DBRS) has assigned provisional credit ratings to the Mortgage-Backed Notes, Series 2024-RRTL1, issued by Toorak Mortgage Trust 2024-RRTL1, marking a significant development in the private lending industry. This securitization, encompassing various note classes rated from A (low) (sf) to B (low) (sf), demonstrates a structured approach to credit risk, highlighting innovation and robustness in the private lending sector.
NPLA Meeting Recap: Market Update 2024
During the recent NPLA meeting, Rick Sharga, CEO of CJ Patrick Company, delivered valuable insights into the US housing market’s current state and future trajectory. While 2023 saw significant shifts, Sharga’s analysis paints a promising picture of a more balanced 2024.
Navigating 2024: A Comprehensive Dive into Housing Insights from NPLA Meeting with JBREC
During the recent NPLA meeting, attendees were treated to a deep analysis of the 2024 housing market by John Burns Real Estate Consulting (JBREC), presented by Alex Thomas, Senior Research Analyst. As we explore the key takeaways, let’s delve into the macroeconomic landscape, inflation trends, and specific figures shaping the new home, resale, and fix-and-flip markets.
Thinking About Getting into Bed with a Short-Term Rental? Read this First!
In the past several years, property owners renting their homes as short-term rentals has become commonplace. Short-term vacation rental companies such as Airbnb and VRBO have become popular with all walks of life including tourists, guests, property owners, and investors. Not only have short-term rentals made coordinating travel easier, but they have also generated billions of dollars in revenue for investors and property owners around the world.
Legal Update: Purchasers at Foreclosure Sales Must Now Remove a Lis Pendens Before Initiating Eviction
For years now, California, as well as many of its cities and counties have waged an outright war on a property owners right to evict tenants. Now, the courts have joined the siege. In Homeward Opportunities Fund I Trust 2019-2 v. Taptelis, the California Court of Appeals recently held that the purchaser at a foreclosure sale that is subject to a recorded lis pendens, must remove the cloud on title before starting an eviction. The Court’s ruling is a complete deviation from the law that has been in effect for decades.
New Beneficial Ownership Reporting Requirements Under the BOI Rule
Under the new beneficial ownership reporting requirement (the “BOI Rule”) that took effect on January 1, 2024, United States legal entities, and foreign legal entities that do business in the United States, that fall within the definition of reporting company must provide information about their entities and their entities’ beneficial owners to the US Financial Crimes Enforcement Network (“FinCEN”).
NPLA Advocates for Private Lender Amendments to NJ Community Wealth Preservation Program
In collaboration with the Mortgage Bankers Association (MBA) and Auction.com, the National Private Lenders Association (NPLA) effectively advocated for the interests of private lenders in New Jersey concerning the recently enacted legislation known as the Community Wealth Preservation Program.
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