Hard Money Lender

Orem, UT–Despite the chaos facing the major banks on Wall Street, credit unions face a better situation. The Family First Federal Credit Union of Utah has been shielded from the credit crisis, as it has not become involved in the risky investments, such as mortgage-back securities, that have causes larger banks like Lehman Brothers [...]

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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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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 [...]

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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 [...]

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