Landing commercial deals with purchase assignments

National Mortgage Professional

Mar 12, 2008

CommercialApps.com pays bonus compensation to mortgage originatorsMortgagePress.comloan applications, five basis points of the funded loan amount CommercialApps.com LLC has announced that mortgage loan originators are now compensated for using CommercialApps.com (CAPPS). For loan applications submitted and closed through CAPPS, CAPPS compensates the mortgage loan originator five basis points of the funded loan amount. CAPPS is an online service that allows mortgage loan originators in the U.S. and Canada to prepare and submit multi-family and commercial property loan applications to local, regional and national income property lenders. CommercialApps.com LLC is a technology solution provider to the income property mortgage industry based in Irvine, Calif. For more information, call (800) 553-4815 or visit www.commercialapps.com.

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Mar 12, 2008

Analysis and Data

Monthly Rental Costs Increase Putting Strain on Renters

Realtor.com reported Thursday that the median rent price hit $1,827 in April.

The relentless rise in the cost of rent continued in April with the 14th consecutive month of record setting prices. Realtor.com reported Thursday that the median rent price hit $1,827 in April, highlighting the affordability struggles reported by renters. “April data illu...

Industry News

Mortgage Industry Will Soon Be ARMed To The Teeth

ARM loans might be a saving grace to borrowers who recently purchased a home, but it comes with risks.

According to a new report by Redfin, the typical homebuyer could save an estimated $15,582 over five years, or roughly $260 per month, by taking out an adjustable-rate mortgage. That’s the largest savings in dollar volume for adjustable-rate mortgage (ARM) holders since at l...

Jul

New Orleans, LA

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