Hard Money Lender

With the financial industry in turmoil, some would think that hard money would be easier to come by for financing. This, however, is not true. The hard money lending market is freezing up just like the regular funding outlets.
Hard money lenders are cutting back on the number of loans they’re making in order to focus [...]

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The number of mortgage applications jumped 33.4% from the week ending September 5th to the week ending September 12th. The jump has largely been attributed to the buy-out of Freddie Mac and Fannie Mae as well as low interest rates.
Interest rates fell to their lowest rate since January to 5.82%. The lowest rate of the [...]

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Liar loans, also called Ninja loans (short for No Income, No Job, (no) Assets), are threatening to prolong the mortgage crisis by another two years. Liar loans are mortgages that have been approved without requiring proof of the borrower’s income or assets.
The nation’s housing market, which is already awash in subprime foreclosures, is just not [...]

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