by Ethan Atkinson | May 15, 2026 | K-O, PropertyPedia
A “Non-Qualified Mortgage” (“Non-QM”) is a mortgage loan that does not meet the specific underwriting or product standards established for Qualified Mortgages (“QM”) under federal law and Regulation Z. Non-QM loans are not necessarily unsafe or predatory; rather, they...
by Ethan Atkinson | May 15, 2026 | K-O, PropertyPedia
The Mortgage Disclosure Improvement Act (“MDIA”) is a federal law enacted in 2008 as an amendment to the Truth in Lending Act (“TILA”) to strengthen consumer protections and improve the timing and accuracy of mortgage disclosures. MDIA was designed to ensure that...
by Ethan Atkinson | May 15, 2026 | K-O, PropertyPedia
The “Opt-Out Rule” is a consumer privacy requirement established under the Gramm-Leach-Bliley Act (“GLBA”) that gives consumers the right to limit certain sharing of their nonpublic personal information with nonaffiliated third parties. Under this rule, financial...
by Ethan Atkinson | Apr 7, 2026 | K-O, PropertyPedia
A mini-perm loan is a medium-term financing instrument used to bridge the gap between short-term construction or acquisition financing and long-term permanent financing. Typically lasting between three and ten years, a mini-perm loan allows a property owner or...
by Ethan Atkinson | Feb 6, 2026 | K-O, PropertyPedia
In real estate law, ownership refers to the rights of one or more persons to possess, use, and control property to the exclusion of others. It represents a legal relationship between a person and property that is recognized and protected by law. Ownership is often...
by Ethan Atkinson | Feb 6, 2026 | K-O, PropertyPedia
In real estate and agency law, ostensible authority refers to the authority that a third party reasonably believes an agent possesses based on the actions or omissions of the principal. It arises when the principal’s conduct creates the appearance that the agent is...
