During the housing crisis borrowers with bad credit records were unable to obtain mortgages, but now a small number of lenders are beginning to offer subprime mortgages once again. These types of mortgages are becoming available to borrowers who present a higher credit risk, typically those with scores of less than 640. The article in
Raising Private Money To Finance Your Property Deals
March 7, 2013 by
It really is possible to raise money from private individuals to fund the purchase of an investment property, or to buy a home to live in. The key is to make the right presentation, and that presentation should be constructed with your potential lender in mind.
Would Honesty, Education and Accountability Have Lessened Our Real Estate Market Woes?
August 9, 2012 by
Whether or not you believe that housing has hit bottom, there are some things to be learned from the recent fiasco that was the housing market. Greed is an ugly business, a vice to be eradicated, especially in the markets.
Credit Unions Enter Mortgage Market
July 11, 2011 by
Traditionally credit unions have been used for lines of credit and car loans, but now they are entering the mortgage market. Although their rates are not amazingly competitive, they do have the advantage of being able to offer lower fees and more flexible terms. Some have quite relaxed membership rules, so that this source of
Investors Want H&R Block’s Subprime Lender to Pay Up
May 9, 2011 by
Several mortgage bond investors are seeking assistance to force a subprime lending unit of H&R Block Inc. to buy back billions of dollars worth of faulty loans. The company, called Option One back when it did its dirty work, is now known by the name Sand Canyon Corp (SCC). H&R Block sold off the servicing
Minority Groups Less Likely to Secure A Mortgage
May 2, 2011 by
Obtaining a mortgage in a U.S. city nowadays is far more difficult for ethnic minority races to achieve, reports a new study released last Thursday.
The authors of the study, “Paying More for the American Dream V”, called for mortgage lenders to increase their investments in poorer communities, as well as an improvement in disclosure requirements in order to protect borrowers.
