October jobs report surprises again, but signs of weakening creep in
Reading Time: 2 minutesEven with the labor market slowing, nonfarm job growth beat expectations in October, according to th… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
First Lien HELOC
Reading Time: < 1 minuteA HELOC can be a first-lien loan if the property owner uses it to pay off an existing mortgage or if they already own the home outright.
Notable mortgage industry hires and promotions, Oct. 31-Nov. 4
Reading Time: 2 minutesWells Fargo announced that Kristy Fercho, head of its home lending division, was named as the c… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
Farm Loans
Reading Time: 3 minutesFarm loans are a specific type of agricultural loan that resides under the commercial property category because farms produce income.
Correspondent Lending
Reading Time: 2 minutesA correspondent relationship is an avenue for mortgage brokers and bankers to sell the mortgage loans they write.
Commercial Second Lien Mortgages
Reading Time: 2 minutesCommercial second mortgages are second mortgages taken on income-producing properties, such as businesses, offices and factories.
Commercial Property Mixed-Use Loans
Reading Time: 2 minutesIn commercial real estate, mixed use is a term used to describe a property with multiple uses, such as a multistory building with retail space on the bottom floor.
Church Loans
Reading Time: < 1 minuteFaith-based organizations of all types fall into a specialized niche of commercial real estate financing.
Car Wash Loans
Reading Time: 2 minutesA car wash loan is a commercial mortgage that finances a car wash, which is a special-purpose type of commercial property.
Cannabis Loans
Reading Time: 3 minutesCannabis loans are available to finance dispensaries, farming and growing facilities, cannabis product manufacturing facilities or other properties related to the marijuana industry.
