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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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 [...]
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 [...]
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 [...]
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
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.
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.
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:
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 [...]