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 [...]
Entries Tagged as 'Uncategorized'
Liar Loans Threatening to Prolong the Mortgage Crisis
September 4th, 2008 · No Comments
Tags: Uncategorized
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
Man is Banned from Hard Money Lending
June 24th, 2008 · No Comments
Marc Sessions Jenson settled on a plea deal after pleading no contest to three counts of selling unregistered securities in a plea bargain. Johnson as dictated by the deal will pay two of the victims a combined $4.1 million. The third victim had already been given restitution and therefore was not included.
Jenson will still be [...]
Tags: Uncategorized