subprime loans: Subprime Market News
- 06/08/07 08:28 AM
Since the end of 2006, 82 subprime lenders have taken a crash. The good news is that many subprime lenders remain. How does this affect you? Well, if you waited too long to close your deal you may no longer qualify. Guidelines are tighter and compliance is looking deeper into your application. FHA has been a help filling the void, along with programs like MY COMMUNITY now open to all Full Doc borrowers. Here's what we're seeing in tightening of underwriting requirements: • 100 percent loans are much more difficult to find, with the remaining subprime lenders now requiring 5 percent or 10 percent down. • … (4 comments)
Our vision is to help everyone find financial freedom through lifetime learning, passion for excellence, integrity, and trust. Home Ownership Provides Everyone...what dreams are made of. HOPE Lending returns 10% of all revenues to the Muscular Dystrophy Association. Thank you for being part of this and living with a solid contribution in our ever changing Real Estate market.
Since the end of 2006, 82 subprime lenders have taken a crash. 
;)
;)
