CNNMoney reports that more and more people are defaulting on their mortgages and are forced to declare bankruptcy. This is making it very difficult for the already strained housing market which continues to fall every day. While market watchdogs continue to repeat that this is just a cycle in the market, it cannot comfort the [...]
Entries from August 2008
Defaulting Mortgages
August 29th, 2008 · No Comments
Tags: Hard money lending
US Economy Faces Hard Times
August 18th, 2008 · No Comments
Mortgage, credit cards, and business loans are becoming harder to find with the tightening economy. Falling home prices combined with high gas prices have made consumers reluctant to spend.
It will be interesting to see how President Bush and his successor respond to these challenges. The US economy is capable of growing at rate as high [...]
Tags: Hard money lender · Hard money lending · Hard money lending business
Private Lenders Stop Student Loans
August 13th, 2008 · No Comments
Thousands of students could be missing out on a year of college as several private-sector lenders get out of the market for education loans. The number of private-sector loans has increased ten-fold in the past decade as goverment aid fails to keep up with the rising cost of tuitiion.
Among the two dozen lenders who have [...]
Tags: Uncategorized
STEN Corporation Offers a New Option for the Lending Industry
August 4th, 2008 · No Comments
Due to the sour economy, the lending market has tightened its reigns, and it becoming harder for consumers to receive traditional loans. Banks are extremely strict about who qualifies for a loan as they fear a default. However, as jobs disappear and prices rise, the demand for loans is great.
Therefore, many individuals have decided to [...]
Tags: Hard money lender · Hard money lending · Hard money lending business