Posts in Category: Uncategorized

Rock & Hard Place for Scratch and Dent Mortgage

Rock and Hard Place – Scratch and Dent Mortgages: The US economy is struggling.  It has the highest inflation in 40 years.  This has affected the scratch and dent niche within the mortgage industry. Simply put, we are between a rock and a hard place for Scratch and Dent mortgage loans.  The Federal Open Market […]

Inflation on Scratch and Dent Loans

Inflation on Scratch and Dent Loans: Due to inflation, higher energy costs and the Russia/Ukraine war, the United States economy has taken a downturn. Business sectors are negatively affected by this and our Scratch and Dent Niche within the mortgage industry is no different.  This leads to inflation on Scratch and Dent Loans. When inflation […]

Scratch and Dent Mortgage – One Stop Shop

One Stop Shop: Finding the right buyer on the secondary mortgage market for each problem loan that you come across can be a daunting task.  Right House Capital is here to simplify the process for you.  Our model, developed over the last 10 years, has created a truly unique one stop shop for Scratch and […]

Scratch and Dent Relationships

Relationships: Right House Capital strives to create long-lasting and on-going scratch and dent relationships with its clients.  Whether the client is a mortgage company or bank, RHC is not looking to liquidate just one loan. Right House wants to impress its clients.  We do this by providing a quality product that creates trust for any […]

Communication – Scratch and Dent Mortgage

Communication: Right House Capital is all about service.  Our goal is to make the loan sale as easy as possible.  There are many things RHC does to produce a seamless and transparent liquidation process of an unsaleable loan such as knowing buyers’ appetites, when to push for a better price and to expedite the due […]

Good Time for Selling Scratch and Dent Loans

Good Time for Selling Scratch and Dent Loans: Selling Scratch and Dent Loans for a loss on the secondary market is never a good thing.  However, taking the loss at the right time can be a good and prudent decision but circumstances need to dictate that choice.  The mortgage provider’s financial outlook obviously needs to […]

SLWs Improve Scratch & Dent Prices

SLWs Improve Scratch & Dent Prices: SLWs Improve Scratch & Dent Prices. There are numerous mortgage companies that sell their loans directly to Fannie Mae and Freddie Mac.  For mortgage providers who do not sell directly to the agencies, their investors are usually direct.  One might think there is an even playing field as the […]

Overlays/Guidelines Produce Scratch & Dent Loans

Introduction:  Overlays/Guidelines Produce Scratch & Dent Loans: Overlays/Guidelines Produce Scratch & Dent Loans: There are so many ways a good loan with a good borrower who pays regularly can still end up as a Scratch and Dent loan due to the amount of overlays and guidelines that must be satisfied.  A loan can become an […]

Scratch and Dent Loans : Lack of Compliance

Scratch and Dent : Lack of Compliance: Unfortunately for mortgage providers, there are a lot of loans that end up going Scratch and Dent due to things completely out of their control.  Mortgage companies have little to no control on whether borrowers will make payments on time, future job status, occupancy changes or buyer appraisal […]

Scratch and Dent Market Coming Back – COVID-19

COVID-19 has negatively affected the Scratch and Dent industry over the last 2.5 quarters. Scratch and Dent buyers have scrambled to eliminate risk associated with the pandemic.  Buyers were concerned with unemployment numbers, forbearance requests and potential mortgage delinquency.  Right House Capital saw buyers seize purchasing activities altogether, tighten parameters, add overlays and lower pricing […]