Scared Lenders Acting Like Crooks
A mortgage broker steered an overleveraged homeowner in a high-risk neighborhood into a $60,000 private loan rather than advising a sale, the speaker recounts, calling the broker and lender “crooks.” The private lender began aggressive collection texts within months and threatened a power-of-sale foreclosure only three months after making the loan. The speaker is attempting unconventional real-estate maneuvers to protect the borrower and displace the private lender, but expresses uncertainty about legal and practical prospects. The episode is presented as symptomatic of predatory short-term lending and poor broker oversight in distressed markets.
Home Loans Surge… But the RBA Just Hit the Brakes | Property Insiders
Australia’s December-quarter ABS data show a sharp rise in home lending—total home loans up 5.1% in the quarter and 13.4% year‑on‑year—with first‑home buyer and investor lending notably stronger (first‑home buyers +6.8% quarter, +9.1% year; investors +5.5% quarter, +23.6% year). New...
INSURING MULTIFAMILY PROPERTIES
On the Complex Podcast, Katrina Green interviews Eric Rich of McGowan Insurance Group about insuring multifamily properties, opening with his industry credentials (CAWC and CIC) and tracing his path into insurance from a modest upbringing through roles in retail, hospital...
Creative Financing Becomes Essential to Moving Deals Forward - Read About It in MHN's February Issue
Multi-Housing News reports the multifamily market may be exiting its Groundhog Day-like stagnation, with Lasalle research forecasting a slow, steady recovery rather than a sharp rebound. New construction remains constrained because current rent levels don’t justify widespread development, even as...