A quarterly decline in mortgage originations at PHH Corp. was primarily the result of an earlier decision to reduce its reliance on the correspondent lending channel. The company’s pipeline of locked applications ready to close point to an even slower second quarter. But with widening profit margins and a “robust” retail pipeline, PHH’s chief was [...]
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Correspondent Retreat Hurts PHH Production
May 2nd, 2012 
davidguide 
Posted in Business Loans 
Tags: correspondent lending, decision, Decline, lending, mortgage originations, phh corp, Profit, profit margins, quarterly decline, result, Retreat 
Comments OffPrivate Money Lender Among Recent Casualties
March 11th, 2012 davidguide A private-money lender out of New York has vanished. It was also the end of the line for a Chicago bank and a net branch business in Michigan. Thomas Sullivan operated New York-based Heritage Capital Ltd. The company promoted commercial financing and residential jumbo financing. “In these times having a solid understanding and wide network [...]
Posted in Business Loans Tags: business in michigan, Casualties, chicago bank, heritage capital, lending, Line, Ltd, Money, private money lender, thomas sullivan, Understanding Comments OffWells Fargo is Frequent Target in Discrimination Litigation
November 28th, 2011 davidguide The judge in a federal lawsuit filed by the City of Baltimore accusing Wells Fargo Bank of causing the city’s foreclosure mess because of discriminatory lending has denied Baltimore’s request for an extensive discovery. A federal judge in California denied a motion by several plaintiffs in litigation against Wells Fargo. A judge in an Illinois [...]
Posted in Business Loans Tags: bank, city of baltimore, Discrimination, discrimination litigation, federal lawsuit, frequent target, lending, mess, post, State, wells fargo bank Comments OffGetting an Auto Loan Even With Bad Credit
June 21st, 2011 davidguide It is easy for people with bad credit to be misled by various crazy offers on the internet. Some promise an auto loan at unbelievable rates only to find out that they were just out there to con you. Finding a good legitimate auto loan online is not difficult but you are not going to [...]
Posted in Business Loans Tags: credit, high interest rates, lending, living in america, Marketing, marketing campaigns, news, person, predatory lending practices, promise, unbelievable rates Comments OffIMF: Global Economy Growing but Faces Risks
April 11th, 2011 davidguide Global lending agency says recovery strengthening, but faces threats from high oil prices, budget deficits, inflation in emerging market View full post on Business Stories
Posted in Business Structures Tags: agency, budget, budget deficits, Business, Economy, emerging market, global economy, imf, lending, oil prices, post Comments OffWhen Mortgage Times Get Tough, Seek Hard Money Loans
December 22nd, 2010 With residential foreclosures on the rise in the US, many homeowners are finding themselves in situations they never though they would be in. With adjustable rate mortgages coming out of their fixed period, the opportunity to refinance into a secure loan has diminished as lenient lending policies have become a thing of the past.
Posted in Business Loans Tags: adjustable rate mortgages, borrower, hard money lenders, high interest rates, home, lending, Money, mortgage banks, residential foreclosures, sub, Today Comments OffHard Money Loans – Easy Answers to Hard Questions
December 22nd, 2010 Hard money loans are truly hard; not always due to high charges, but also due to their specific nature. There are a few must-do items that should be on your checklist to ensure you will get the best deal possible.
Posted in Business Loans Tags: annual percentage rate, Business, Check, hard money lender, hard money lenders, lending, Loan, Money, money loans, time, traditional loans Comments OffHard Money Loans – Searching For Quality Lenders and Questions to Ask Before Making Your Choice
December 17th, 2010 Scott Bowens You’ve decided to get a non-traditional loan. A hard money loan seems to be your best option at this time. Here are a few ideas and questions to ask designed to help aid your search for a reputable hard money commercial lender, broker, or referring source:
Posted in Business Loans Tags: Business, hard money commercial lender, hard money lender, hard money lenders, lending, Loan, loan interest rates, Money, mortgage pools, source, way Comments OffWhat Are Hard Money Loans?
December 15th, 2010 Joseph Devine There are a lot of different loan options out there that you may not be familiar with. Balloon loans, bridge loans, hard money loans, and many, many more loan types are out there, each offering a different set of advantages and disadvantages, each one potentially just what you’re looking for. If you’re thinking of taking out a mortgage, it may be best to learn a little bit about the alternate options you can choose from before settling on a loan type.
Posted in Business Loans Tags: alternate options, Balloon, balloon loans, bridge loans, lending, lending institutions, Money, money loans, property, set, type Comments OffHard Money Lending is a Great Niche
September 23rd, 2010 davidguide You may have heard of a concept called hard money lending, and you may be wondering how it differs from conventional bank financing. Either type of financing is available for both commercial and residential real estate loans. The key differences are in three parameters: 1. Cost 2. Timing 3. Availability The cost of hard money [...]
Posted in Business Loans Tags: bank closings, credit, credit bureau report, estate collateral, Great, Hard, hard money lender, hard money lenders, Jason Balin, lender, lending, Loan, Money, Niche, property Comments Off
