INDUSTRY NEWS
Here you will find the most current and relevant industry news for Private Lending Professionals and Service Providers.
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.
Investor Demand for Private Lending and 2024 Market Trends
The initial NPLA meeting of the year delivered valuable insights into the current landscape of real estate transition loans, investor interest, and market dynamics. The conversation between Jon Hornik and Ryan Shanberg from Nomura shed light on various aspects of the industry and provided insights into what 2024 may bring.
Navigating Challenges in the Multifamily Housing Market
During the most recent NPLA meeting, Jesse McConnico, Housing Analyst from John Burns Research and Consulting, gave a presentation on navigating challenges in the multifamily housing market. The session provided valuable insights into the current state of the industry and its prospects.
The Effects of California’s Recently Passed Senate Bill 567 for Investors and Property Owners
Investors and property owners planning to remove occupants to remodel or move into the property need to understand California’s recently passed Senate Bill No. 567 before jumping into the fire.
Trends in Demographics: Navigating Shifts
Chris Porter, Senior VP and Chief Demographer at John Burns Research and Consulting, presented a comprehensive analysis of current demographic trends at the recent NPLA meeting. The analysis included the need to redefine generational classifications, significant housing affordability, and market preference trends, as well as the impact of four major influencers on demographic shifts.
Housing Market and Economy Update Q4 2023 – NPLA Meeting Recap
At the most recent NPLA meeting, Rick Sharga, CEO of CJ Patrick Company, delivered a comprehensive Q4 2023 Market Update. His presentation covered valuable insights into the US economy, the housing market, delinquency and foreclosure trends, investor activity, and offered a glimpse into 2024.
The Current Real Estate Landscape – NPLA Meeting Recap
John Burns Research and Consulting (JBREC) joined the October 5th National Private Lenders Association (NPLA) meeting to discuss the current state of the housing market. The housing market’s current state poses a significant challenge for resale housing. Data from the top 28 markets reveals a 40% undersupply of listings. Currently, only 1% of the total 86.1 million owner-occupied homes are available for sale, notably lower than the historical average of 3%.
California’s AB 1033 May be a Game Changer for the Development of Accessory Dwelling Units
You may have read or heard about Accessory Dwelling Units or ADUs recently as building restrictions have been relaxed over the last several years allowing property owners to take advantage of additional lot space, or space within the primary residence, to add value to their property. When the California legislature recently passed Assembly Bill 1033, it opened up new opportunities to homeowners, developers, and investors by allowing for the ADU to be partitioned and sold separately from the primary dwelling unit on the property.
Understanding the Importance of Insurance for Private Lenders
Insurance for Private Lenders goes beyond a generic safety net; it’s about pinpointing the specific risks associated with each deal and tailoring policies accordingly. Several products that lenders should be aware of were highlighted on the recent NPLA meeting.
A Deep Dive into Default Rates and Buy and Hold Lending
In the ever-shifting realm of commercial lending, profound transformations are shaping the industry landscape. Conventional banks, which once stood as steadfast pillars of financial support, have recalibrated their lending standards, introducing stringent prerequisites for borrowers. Against this backdrop of change, a unique opportunity has arisen for private lenders to step into the forefront, fundamentally reshaping the dynamics of the lending sphere.
Navigating the Private Lending Terrain – NPLA Meeting Recap
The August 10th National Private Lenders Association (NPLA) meeting brought together prominent voices in the private lending industry to discuss and address pertinent issues and opportunities shaping the landscape of private lending.
Midyear Recap – 2023 Housing Market & Economy
In the latest National Private Lenders Association (NPLA) meeting, members gained access to market insights and expert analysis during a guest presentation by Rick Sharga, Founder & CEO of the market intelligence and business advisory firm, CJ Patrick Company.
Bridging the Gap — Private Lenders Fill the Void as Banks Restrict Financing
In today’s rapidly evolving private lending industry, a significant shift is occurring as traditional banks tighten their lending requirements. This shift presents a unique opportunity for private lenders to expand their presence and gain market share by filling the gap left by the restrictive policies of banks.
Our Newsletter
Stay Informed.
Sign up today!