Search results
Results from the WOW.Com Content Network
Debt-service coverage ratio (DSCR) looks at a company's cash flow versus its debts. ... While a DSCR of 1.25 is the minimum requirement for most lenders, a higher number — such as 2 — shows ...
In the commercial real estate industry, the minimum DSCR set by lenders is 1.25, meaning that the property's net operating income (NOI) is 25% greater than the annual debt service. [4] A DSCR of less than 1 would mean a negative cash flow. A DSCR of less than 1, say .95, would mean that there is only enough net operating income to cover 95% of ...
Talk to a title office: “Title offices record loans for hard money lenders regularly and can give you referrals to hard money lenders who lend in your area,” says Robert Taylor, a full-time ...
The Consumer Financial Protection Bureau (CFPB) is an independent agency of the United States government responsible for consumer protection in the financial sector.CFPB's jurisdiction includes banks, credit unions, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief services, debt collectors, for-profit colleges, and other financial companies operating in the ...
LendingClub is a financial services company headquartered in San Francisco, California. [6] It was the first peer-to-peer lender to register its offerings as securities with the Securities and Exchange Commission (SEC), and to offer loan trading on a secondary market.
Best for: Mortgage-hunters seeking competitive rates and fees and personalized service. Direct lenders are banks, credit unions, online entities and other companies that do business with consumer ...
Many borrowers confuse their mortgage servicer with their lender. A mortgage servicer may be a borrower's lender, but often the beneficial rights to the payment of principal and interest on mortgages are sold to investors such as Fannie Mae, Freddie Mac, Ginnie Mae, FHA, and private investors in mortgage securitization transactions. Banking ...
This entity takes the borrower's information and reviews a number of lenders, selecting the ones that will best meet the needs of the consumer. [3] Origination is regulated by laws including the Truth in Lending Act and Real Estate Settlement Procedures Act (1974).