Need for Mortgage Insurance Among New Residential Construction Market Eliminated by BurkeyLoan Program from Carpe Aquam Capital

Today, Carpe Aquam Capital LLC announced it will launch a BurkeyLoan program for the new residential construction market. Expanding on its trademarked, The More Affordable Mortgage, the program will eliminate the need for mortgage insurance and dramatically increase buying power for consumers with good credit.

The new residential construction market is sensitive to changes that increase monthly mortgage payments. In the face of rising interest rates the combination of BurkeyLoan structure and elimination of the mortgage insurance premium can increase homeowner buying power upwards of 25% while maintaining and in some cases reducing lender/investor exposure. The program will be available to banks and their builder customers in the new construction market.

The BurkeyLoan is a method of separating the risk characteristics of a loan into transparent and distinguishable tiers based on LTV that investors buy. It differs from pooling, the current process of mortgage securitization, through which all loan tiers and risk are aggregated. The BurkeyLoan was originally developed as a residential mortgage loan solution that enabled lenders to refinance negative equity mortgages and reduce monthly payments, often by as much as fifty percent.

Carpe Aquam Capital LLC is a financial service company that is committed to transforming the mortgage market and building a clear path to a new housing finance system. The Company does not directly originate loans from consumers or non-risk intermediaries. The BurkeyLoan program is only available to state and federal governments, banks chartered by them and select financial institutions. BurkeyLoan and The More Affordable Mortgage are registered trademarks of Carpe Aquam Capital LLC.

This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

Need for Mortgage Insurance Among New Residential Construction Market Eliminated by BurkeyLoan Program from Carpe Aquam Capital

 Today, Carpe Aquam Capital LLC announced it will launch a BurkeyLoan program for the new residential construction market. Expanding on its trademarked, The More Affordable Mortgage, the program will eliminate the need for mortgage insurance and dramatically increase buying power for consumers with good credit.

The new residential construction market is sensitive to changes that increase monthly mortgage payments. In the face of rising interest rates the combination of BurkeyLoan structure and elimination of the mortgage insurance premium can increase homeowner buying power upwards of 25% while maintaining and in some cases reducing lender/investor exposure. The program will be available to banks and their builder customers in the new construction market.

The BurkeyLoan is a method of separating the risk characteristics of a loan into transparent and distinguishable tiers based on LTV that investors buy. It differs from pooling, the current process of mortgage securitization, through which all loan tiers and risk are aggregated. The BurkeyLoan was originally developed as a residential mortgage loan solution that enabled lenders to refinance negative equity mortgages and reduce monthly payments, often by as much as fifty percent.

Carpe Aquam Capital LLC is a financial service company that is committed to transforming the mortgage market and building a clear path to a new housing finance system. The Company does not directly originate loans from consumers or non-risk intermediaries. The BurkeyLoan program is only available to state and federal governments, banks chartered by them and select financial institutions. BurkeyLoan and The More Affordable Mortgage are registered trademarks of Carpe Aquam Capital LLC.

This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

Residential and refinance mortgage laws in New York

Laws regarding mortgage at New York are worthy of consideration by anyone thinking of taking a plunge into the mortgage industry there. The following updated information throws light on the important aspects on this.

The mortgage lenders are required to provide a satisfaction and some mortgage related documents in accordance with Section 274 and 275 of New York State Real Property Law (RPL) and under Section 1921 of New York State Real Property Actions and Proceedings Law (RPAPL). The State of New York City's Housing and Neighborhood 2004 (Part IV) documents New York's housing and social conditions. It encompasses each of the 5 boroughs and for either the 59 community districts or the 55 sub-borough areas. One of the chapters of this fourth section (i.e. Part IV) deals with Mortgage Lending. It provides a picture of lending activity for home purchases and home refinance in the city, including measures of sub prime lending. Another chapter deals with Mortgage Foreclosures by presenting information on the filing of notices of foreclosure actions and title transfers following these filings. Since July 7, 1998 a new foreclosure remedy has become available. This is the non-judicial foreclosure by power of sale. This serves as an alternative to the judicial foreclosure in cases where it is applicable. Earlier judicial foreclosure had been the only means to foreclose a mortgage holding back real property in New York. Foreclosure of a mortgage in New York with minimum judicial involvement is facilitated by non-judicial foreclosure. Moreover, non-judicial foreclosure is accompanied by an accelerated schedule estimated to be 4-6 months which is quite contrary to the 1-2 year time schedule as required for judicial foreclosure. Action by the court is needed to obtain a receiver or deficiency judgment in case of uncontested non-judicial foreclosure. Other than this neither of the following is needed:A judgment of foreclosureComputation by refereeOther judicial action

The prior condition to be satisfied for non-judicial foreclosure is that the mortgage document has to contain a provision giving permission for the sale of the property mortgaged in case of default.

This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

Residential and refinance mortgage laws in New York

Laws regarding mortgage at New York are worthy of consideration by anyone thinking of taking a plunge into the mortgage industry there. The following updated information throws light on the important aspects on this.

The mortgage lenders are required to provide a satisfaction and some mortgage related documents in accordance with Section 274 and 275 of New York State Real Property Law (RPL) and under Section 1921 of New York State Real Property Actions and Proceedings Law (RPAPL). The State of New York City's Housing and Neighborhood 2004 (Part IV) documents New York's housing and social conditions. It encompasses each of the 5 boroughs and for either the 59 community districts or the 55 sub-borough areas. One of the chapters of this fourth section (i.e. Part IV) deals with Mortgage Lending. It provides a picture of lending activity for home purchases and home refinance in the city, including measures of sub prime lending. Another chapter deals with Mortgage Foreclosures by presenting information on the filing of notices of foreclosure actions and title transfers following these filings. Since July 7, 1998 a new foreclosure remedy has become available. This is the non-judicial foreclosure by power of sale. This serves as an alternative to the judicial foreclosure in cases where it is applicable. Earlier judicial foreclosure had been the only means to foreclose a mortgage holding back real property in New York. Foreclosure of a mortgage in New York with minimum judicial involvement is facilitated by non-judicial foreclosure. Moreover, non-judicial foreclosure is accompanied by an accelerated schedule estimated to be 4-6 months which is quite contrary to the 1-2 year time schedule as required for judicial foreclosure. Action by the court is needed to obtain a receiver or deficiency judgment in case of uncontested non-judicial foreclosure. Other than this neither of the following is needed:A judgment of foreclosureComputation by refereeOther judicial action

The prior condition to be satisfied for non-judicial foreclosure is that the mortgage document has to contain a provision giving permission for the sale of the property mortgaged in case of default.

This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

Residential and refinance mortgage laws in New York

Laws regarding mortgage at New York are worthy of consideration by anyone thinking of taking a plunge into the mortgage industry there. The following updated information throws light on the important aspects on this.

The mortgage lenders are required to provide a satisfaction and some mortgage related documents in accordance with Section 274 and 275 of New York State Real Property Law (RPL) and under Section 1921 of New York State Real Property Actions and Proceedings Law (RPAPL). The State of New York City's Housing and Neighborhood 2004 (Part IV) documents New York's housing and social conditions. It encompasses each of the 5 boroughs and for either the 59 community districts or the 55 sub-borough areas. One of the chapters of this fourth section (i.e. Part IV) deals with Mortgage Lending. It provides a picture of lending activity for home purchases and home refinance in the city, including measures of sub prime lending. Another chapter deals with Mortgage Foreclosures by presenting information on the filing of notices of foreclosure actions and title transfers following these filings. Since July 7, 1998 a new foreclosure remedy has become available. This is the non-judicial foreclosure by power of sale. This serves as an alternative to the judicial foreclosure in cases where it is applicable. Earlier judicial foreclosure had been the only means to foreclose a mortgage holding back real property in New York. Foreclosure of a mortgage in New York with minimum judicial involvement is facilitated by non-judicial foreclosure. Moreover, non-judicial foreclosure is accompanied by an accelerated schedule estimated to be 4-6 months which is quite contrary to the 1-2 year time schedule as required for judicial foreclosure. Action by the court is needed to obtain a receiver or deficiency judgment in case of uncontested non-judicial foreclosure. Other than this neither of the following is needed:A judgment of foreclosureComputation by refereeOther judicial action

The prior condition to be satisfied for non-judicial foreclosure is that the mortgage document has to contain a provision giving permission for the sale of the property mortgaged in case of default.

This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.