The State of the Note Industry

Around the country real estate markets have softened leaving a glut of inventory, decreasing values, and extended marketing times.  The result? More sellers are offering to finance a portion of the purchase price for the buyer in an effort to “Move that House”! While sellers are motivated, lenders on the other hand are hunkering down or running scared.   In the face of the credit crunch and increasing foreclosures, lenders have tightened underwriting requirements.  Fewer loans are being … [Read more...]

Note Investor Registry Changes

Bayview First Funding, a subsidiary of Bayview Financial, will no longer be accepting new submissions for seller financed mortgage purchases through its Texas based note buying division, effective Friday August 1, 2008.    Formerly known as Interbay Funding, this company was introduced to the note buying community in 2001.  With competitive pricing and access to securitization funds, Bayview quickly became a preferred national institutional note buyer for full private mortgage … [Read more...]