Buying a foreclosure property below market value - Five tips from the pros

National Mortgage Professional

Jul 05, 2005

InterBay introduces new commercial loan featuresMortgagePress.comInterBay Funding LLC, Commercial loans In a continuing effort to provide mortgage brokers with expanded small commercial loan options, InterBay Funding LLC has announced several new changes to its existing commercial loan programs. A new 30-year amortization program has been launched, providing qualified borrowers with the benefits of more affordable monthly payments. Additionally, certain loan-to-value limits have been raised, thus enabling borrowers to qualify for higher loan amounts. InterBay is also introducing new options to reduce rates through the extension of pre-payment fee periods. "We continually strive to enhance our programs, enabling our brokers to meet the needs of their small commercial lending clients," said Karl Moisan, InterBay senior vice president and national sales manager. For more information, visit www.interbay.com.

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Jul 05, 2005

Tech

Big Purple Dot 'Hires' ChatGPT

Company integrates AI-powered chatbot with its customer relationship management platform.

An AI-powered chatbot now has a job managing customer relations in the mortgage industry. Big Purple Dot (BPD), an Irvine, Calif.-based provider of customer relationship management (CRM) and recruiting solutions for the mortgage and real estate industries, said Thursday it ...

Regulation and Compliance

CFPB Issues Final Rule For Reporting Small Business Lending Data

The rule could affect mortgage originators who work with property investors.

The Consumer Financial Protection Bureau (CFPB) said Thursday it has issued a final rule required by Congress to increase transparency in small business lending, promote economic development, and combat unlawful discrimination. While residential mortgage lenders were alrea...