hard money: mortgage turmoil - 03/30/07 01:32 PM
Federal Reserve Chairman Ben S. Bernanke few weeks ago blamed loose lending for the recent turmoil in the
mortgage market and told Congress that "it's worth looking at" the idea of creating a law against certain lending
practices. Is fit a sign that the congress would bail out the family's who are … (0 comments)
|
hard money: people who would make money in foreclosure market - 03/17/07 11:36 PM
It is really sorry to say in foreclosure market we have a lot family's losing their house.
But their are a lot of "business minded" people who have taken advantage of this distressed
home owners. Just a word of caution to make sure that you need to know the people who
you are … (1 comments)
|
hard money: sub prime stock's are up >? - 03/16/07 05:45 PM
With the meltdown at an all time high, stock like Accredited, Fremont, and New Century has been up over
50% percent for the past two days. Courtesy of Credit Suisse literrally bailing them out of debt, they have
bought their notes in a big discount, bringing their stocks 100% within the … (0 comments)
|
hard money: grim news of foreclosure in the late night news - 03/14/07 09:58 PM
NBC News reported the grim news last night that foreclosures are now 4 times higher than they were in the year
2000, the rate of failures are growing daily and that there's no end in sight.
The stock market crashed on worries about all the "bad" news. It's fascinating … (0 comments)
|
hard money: even builders are in foreclosure - 03/12/07 05:42 AM
Pulte tries foreclosure strategy to save development !
Even buiders are foreclosing to save some money ! Oh my God, what the heck.. This is a complete
highway robberry, this folks are making billions & billions of dollar a yeat. I guess they won't mind
doing it, … (1 comments)
|
hard money: what is a sub prime mortgage - 03/05/07 12:04 AM
Subprime mortgages are offered to home buyers who fail to meet the strictest lending standards. While these
loans remain a small part of the home lending industry, they've helped more people buy homes who previously
couldn't afford it, helping to fuel a surge in housing prices in 2004 and 2005. By … (0 comments)
|
hard money: Nervousness: sub prime in real trouble - 03/04/07 11:46 PM
Federal bank regulators demanded tougher standards for subprime loans, saying they're worried that
borrowers of adjustable-rate mortgages may not understand the risks associated with them. Overall, many
market watchers are blaming the complacency that had seeped into markets over the past year, and especially
the U.S. market's uninterrupted run higher … (0 comments)
|
hard money: who cares if you miss a mortgage payment ? - 12/25/06 05:08 AM
What happens if you don't make your monthly mortgage payment? In some cases, the original lenders are
taking the biggest hits. In typical contracts, mortgage banks agree to buy mortgages back from Wall Street in
the case of a payment default within the first 90 days. H&R Block (owner of Option … (2 comments)
|
hard money: A Guide to Selecting Whether to Work With a Broker or a Direct Lender - 12/23/06 02:31 AM
A Guide to Selecting Whether to Work With a Broker or a Direct Lender
Hard Money Lenders are in the business of providing loans and loan services to people who require hard money loans (loans collateralized by real estate.) Hard money lenders may be direct hard money lenders or hard money brokers. … (1 comments)
|
hard money: hard money mortgages - 12/23/06 02:28 AM
Hard money comes in many flavors; one of the most common is mortgages. Using the owner's equity in real
estate, hard money lenders generally lend 65% - 70% of the value of real estate property. In general, hard
money mortgages are used for commercial purposes. However, they can also be applied … (0 comments)
|
hard money: Utilizing the advantages of hard money to help build up your real estate equity and investment portfolio - 12/23/06 02:27 AM
Real estate investing is one of the most common uses of hard money funds. Real estate investing is a cash
intensive financial activity. In order to take advantage of ongoing projects, investors often require more
operating capital than conventional banks are prepared to provide on short notice.
When conventional financing takes … (1 comments)
|
hard money: you got to read this .... - 12/15/06 03:15 AM
Thirty per cent of the Chinese population will be over age 60 by 2050! That's four hundred and thirty-two million
people. Demographers sometimes say that "China is in a race to get rich before it gets old". Here in the US,
according to U.S. News & World Reports, a survey conducted … (0 comments)
|
hard money: hard money ~ loan - 12/11/06 06:36 PM
Hard Money is a diversification to an already used income stream.Loan Officers don´t use it as much as they could out of some unknown reason? Not quite sure if it´s education of products
or fear of telling someone about a 12% rate,The rates are obviously a difficulty to the product but … (5 comments)
|
hard money: hard money - 12/11/06 06:34 PM
Hard money is based on equity. Appraisals are looked at with a closer eye than a Subprime/a lender. If the
value isn´t there, and your appraiser is pushing value, you will get an appraisal cut. Instead of telling your
appraiser what you "need" the value to be, just let your … (2 comments)
|
hard money: Hard money doesnt mean stupid money---Hard lenders read: - 12/11/06 06:32 PM
Ive been watching the requests multiply for 'hard' money, and some of them border on the ridiculous. Hard
money lenders are not stupid,(well, most of them anyway) and there is usually more at stake for them than a
regular wholesale selling off to a big investor.
They are driven more by … (0 comments)
|
hard money: Realtor, Builder Campaign Tries to Turn Market's Tide - 12/10/06 06:54 AM
Seminar offers optimistic outlook for Jacksonville home market RISMEDIA, December 8, 2006-(MCT)-In the wake of fewer home sales and increasing inventory, local home builders and Realtors are arming themselves with a weapon they hope will help turn the tide in the local market: Information. A seminar on Tuesday held by the … (0 comments)
|
hard money: Fannie mae? are they doomed - 12/08/06 02:56 AM
How much do you care about FHLMC & FNMA? An article in yesterday's Wall Street Journal mentions that "home
builders and real-estate brokers oppose any effort by the government to shrink Fannie and Freddie, contending
that their purchases of mortgages are vital to the housing market. With the housing market … (0 comments)
|
hard money: ownit mortgage is gone ~ who is next to come... dooms in the mortgage industry is coming! - 12/07/06 01:38 AM
People doing business with Ownit Mortgage received this notice yesterday: "It is with deep regret that we inform
you Ownit Mortgage Solutions will cease operations on December 6, 2006. For the past three years, we have
pursued a mission to influence the mortgage industry toward increased affordability options for a … (7 comments)
|
hard money: home equity line ~ where are you! - 12/07/06 01:35 AM
For borrowers, opening a home-equity line of credit is no longer a slam dunk for three reasons: the rates are
higher than they were three years ago; if prices slip a borrower could owe more than their house is worth, and
the cost of construction may actually be greater than … (0 comments)
|
hard money: don't be the last to default - 12/05/06 04:02 PM
California home-loan defaults rose to their highest level in four and a half years last quarter as lower sales of
houses and condominiums and slowing price gains made it harder for homeowners to sell and pay off
mortgages. Banks and other lenders sent 26,705 default notices to California homeowners, more … (0 comments)
|
;)
;)
