OCCUPY LA AND SANTA CRUZ BEGIN SET SIGHTS ON HALTING FORECLOSURE
An article on DSNEWS today states that “occupy” protestors are setting their sights on halting
foreclosures in California and across the country. The MERS scandal is still in the forefront of the news
as borrowers, investors, and servicers fight to property they feel is rightly theirs. If homeowners across
the country present a united front to GSE’s and servicers will these tactics work? Note Builders has
identified another and possibly deleterious effect to these protests.
Note Builders has several articles mentioning the effects of Dodd Frank and the Safe Act on the
marketplace. Increased regulation means increased cost to lending institutions which will eventually
be passed to the consumer in some form or fashion. With loans being so closely scrutinized by
homeowners and Attorneys General alike, costs will eventually skyrocket for origination of these closely
monitored debt instruments.
Note Builders believes that private financing, and specifically seller financing, will become the
alternative to banks and all of their costs and regulations. Having a buyer and seller come together to
consummate a transaction with the blessing of a mortgage loan originator will become the preferred
avenue in the future. The flexibility and ease of these transactions will make them more palatable to all
parties involved.
Note Builders is and will continue to lead this crusade to place the future of the housing market back
into the hands of principals and Brokers who truly understand market dynamics!
An article on DSNEWS today states that “occupy” protestors are setting their sights on halting
foreclosures in California and across the country. The MERS scandal is still in the forefront of the news
as borrowers, investors, and servicers fight to property they feel is rightly theirs. If homeowners across
the country present a united front to GSE’s and servicers will these tactics work? Note Builders has
identified another and possibly deleterious effect to these protests.
Note Builders has several articles mentioning the effects of Dodd Frank and the Safe Act on the
marketplace. Increased regulation means increased cost to lending institutions which will eventually
be passed to the consumer in some form or fashion. With loans being so closely scrutinized by
homeowners and Attorneys General alike, costs will eventually skyrocket for origination of these closely
monitored debt instruments.
Note Builders believes that private financing, and specifically seller financing, will become the
alternative to banks and all of their costs and regulations. Having a buyer and seller come together to
consummate a transaction with the blessing of a mortgage loan originator will become the preferred
avenue in the future. The flexibility and ease of these transactions will make them more palatable to all
parties involved.
Note Builders is and will continue to lead this crusade to place the future of the housing market back
into the hands of principals and Brokers who truly understand market dynamics!
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