What Investors Should Know About Assembly Bill 238 by Robert Finlay Many of you have asked what to expect as far as regulatory and legislative action regarding the recent wildfire disaster and FEMA Declaration in the Los Angeles and Ventura County areas. We now have information on Assembly Bill 238 introduced by the California legislature as urgency legislation. A copy of the Bill can be found on the California Legislative
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A Focus on National, California and East Coast Legislation By Amy Kame The National Private Lenders Association (NPLA) is committed to protecting the interests of the private lending industry. Through strategic partnerships with the Mortgage Bankers Association (MBA) and various state associations, the NPLA ensures that its members are well-informed and actively involved in the legislative processes that impact their businesses. As part of this initiative, the NPLA holds bi-weekly
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The coronavirus stimulus could mean good things for your retirement accounts. When President Trump signed the $2 trillion coronavirus relief package into law March 27, 2020, most people’s attention was squarely on the small-business relief loans, the COVID-19 stimulus checks and how they might have their rent waived or their mortgage payment suspended. The Coronavirus Aid, Relief and Economic Security (CARES) Act also offered a number of other benefits to
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The changes bring advantages to investors who take the time to understand them. If you want to invest in foreclosed properties in Ohio, you should know about changes the state made a few years ago to its foreclosure law. The changes make it easier for investors to buy foreclosed properties. But, you have to know where to look and how the process works to take full advantage of the changes.
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Regulators, lenders and servicers must keep a keen eye on developments. By Ralph Stebenne Recent legislative enactments and judicial rulings have lenders and their servicers paying close attention to unpaid homeowner and condominium assessments. New Jersey and New York have introduced newly crafted legislation that will require increasing surveillance and expenses in the servicing of loans from these Eastern Seaboard states. The District of Columbia has issued a recent judicial
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The NPLA serves as a full-time advocate for private lenders. Private lenders play a vital role in the health and growth of our national housing market and the broader economy. By making B2B (business-to-business) loans to real estate investors on deals that do not fit the standards of “conventional” lenders due to time frame or perceived risk, they play a crucial role in revitalizing local communities, preventing and ameliorating neighborhood
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