borrowers Tag

Another residential loan wave swells in NYC

The Real Deal. Written by E.B. Solomont.

Another residential loan wave swells in NYC As all-cash buyers disappear, banks have a wider net of borrowers to choose from — and the deals are getting bigger and bigger Two years after going into contract on a sky-high condo at 432 Park Avenue, Hong Kong casino...

TRID and the Law of Unintended Consequences

With the CFPB’s latest delay of the TRID implementation date (this time to October 3rd), real estate practitioners have two extra months to plan and two extra months to worry about what the new world of transactional real estate will look like under the new...

Detecting and Avoiding Short Sale Fraud

Short sales are usually legitimate transactions that serve the interests of multiple honest parties, including lenders, borrowers and buyers.  But enter dishonest parties—sometimes with a cast of accomplices—and you have perfect recipe for fraud.  This fraud is common enough to generate its own name: flopping. A...