Welcome to Mortgage Guide
Commercial Mortgage Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Where to Find a Mortgage Lender
from: Deb St. George - HomelessInKingCounty.comIf this is your first time buying a house, you probably are trying to figure out where to get a mortgage lender. Often, people don’t go looking for a mortgage lender until they’ve looked at some houses for sale. However, that may be a mistake in this economic climate. You may end up finding the perfect house and realizing only too late that you can’t find a mortgage lender to qualify you for a loan. So, start early to look for a mortgage lender and have all your documentation in order to make the purchase less stressful and more efficient over all.
Mortgage Brokers
You can start the process by either looking in the phone book for local mortgage brokers or contacting the local board of realtors to get a listing. Either way, you will find many different mortgage broker companies listed that can help you find a great mortgage professional. Another more reliable way is to get a reference for a mortgage lender from someone you know. Sit down with the mortgage lender early to find out how much house you qualify for or whether there are any issues that will keep you from getting a mortgage that need to be resolved.
Online Mortgage Lenders
There are broker listing agencies on the Internet, like lendingtree.com, that allow you to put in your information for people in the mortgage industry to bid competitively for your business. This can be a great way to get acquainted with whether you make an attractive client or whether you get few offers and poor terms. Then, you can start to address the issues and try again later, if it doesn’t work out. Getting a mortgage is a lengthy process and don’t be too upset if they ask you for paperwork that may seem redundant. It’s in their interest to verify your loan and ability to pay your projected mortgage and it can save you the problem of buying more than you can afford.
Realty Agents
If you are already in the process of home shopping, you can ask your real estate agent to hook you up with a mortgage broker. This isn’t the preferred method, as you have no idea what type of business relationship a real estate agent might have with a particular mortgage lender. The one they steer you to might not be the best lender, but rather one they are receiving some sort of payback from by steering business to them. Although this isn’t always the case, it’s something to be aware of when trying to find a reputable mortgage broker who can offer a competitive bid.
Commercial Mortgage News
Commercial-Mortgage Bonds Slide as $9 Billion Weighs on Market - BusinessWeek
Commercial-Mortgage Bonds Slide as $9 Billion Weighs on Market BusinessWeek By Sarah Mulholland on May 17, 2012 Commercial-mortgage securities are slumping as a flood of bonds dumped on the market during the past month weighs on values amid mounting concerns that Europe's debt crisis can't be contained. |
Real Estate Capital Firm Offering Commercial Mortgage Financing for Assisted ... - Houston Chronicle
Real Estate Capital Firm Offering Commercial Mortgage Financing for Assisted ... Houston Chronicle Clopton Capital ranks as one of the most active and dynamic commercial real estate finance firms providing lending options nationwide for income producing properties. Offering commercial mortgages, construction loans, bridge loans, and CMBS loans to ... |
Fitch Downgrades COMM Mortgage Trust 2004-LNB2 - MarketWatch (press release)
Fitch Downgrades COMM Mortgage Trust 2004-LNB2 MarketWatch (press release) NEW YORK, May 17, 2012 (BUSINESS WIRE) -- Fitch Ratings has downgraded five classes of COMM Mortgage Trust 2004-LNB2, commercial mortgage pass-through certificates. A detailed list of rating actions follows the end of the press release. Fitch Affirms BACM 2002-2 |
Boom-Era Debt Sparking German Apartment Sales: Mortgages - BusinessWeek
Boom-Era Debt Sparking German Apartment Sales: Mortgages BusinessWeek Loans for the deals were typically packaged and sold as commercial mortgage-backed securities. A total of 10 billion euros of German multifamily CMBS is now set to mature by the end of 2014, according to data compiled by Bloomberg. |
Buffett Said to Have Pursued ResCap Purchase Before Bankruptcy - BusinessWeek
 USA TODAY | Buffett Said to Have Pursued ResCap Purchase Before Bankruptcy BusinessWeek Buffett missed a chance to acquire ResCap's home-loan origination business and mortgage-servicing assets on $374 billion of loans, which Nationstar, majority-owned by Fortress, agreed to purchase. Mortgage servicers handle billing, collection and ... Former GMAC puts mortgage unit in bankruptcy Stats Point to a Decent Housing Market; Nationstar and ResCap;... Bankruptcy aims to free Ally of bad mortgage assets after auto rescue |
Fitch Publishes US CMBS Focus Report on Banc of America Commercial Mortgage ... - MarketWatch (press release)
Fitch Publishes US CMBS Focus Report on Banc of America Commercial Mortgage ... MarketWatch (press release) Fitch Ratings has published its US CMBS Focus Performance Report on Banc of America Commercial Mortgage Inc., series 2007-4 (BACM 2007-4). The report provides a detailed and up-to-date perspective on key credit characteristics of the BACM 2007-4 ... |
South Florida Lawyer Files Mortgage Fraud Lawsuit Against TotalBank and Banco ... - Albany Times Union
South Florida Lawyer Files Mortgage Fraud Lawsuit Against TotalBank and Banco ... Albany Times Union The complaint alleged that loan officers falsified several key documents in Herrera's commercial mortgage loan application. In addition, the lawsuit claimed the bank refused to release additional property used as collateral in the deal. |