Figuring out HELOCs: Late Charges, Prepayment Penalties and More (Massachusetts - heavy)
An area that's due for some clarity - HELOC lending pursuant to Federal and Massachusetts rules regarding late charges and prepayment...
Pre-Payment Penalties (especially in Massachusetts)
The first few days of TRID are over - some lenders are struggling (some are actually closed for business), but we'll all get through it....
Pre-payment penalties post-2014
Dodd-Frank was not kind to pre-payment penalties. If you haven't already, it may be time to review any pre-payment penalties your...
Value of non-QMs, prepayment penalties, using humor at work
Today we'd like to discuss the value of a "non-qualified" mortgage on the secondary market and the future of prepayment penalties in...