- Pursuing Those Who Walk Away from Mortgage Obligations
The controversial practice of intentionally walking away from a home encumbered by negative equity or an upside-down mortgage has been particularly damaging for the two government-sponsored mortgage entities, Fannie Mae and Freddie Mac.
- United Wholesale Mortgage Reports Huge Uptick in Originations for Q3
United Wholesale Mortgage (UWM), a national wholesale mortgage lender operating in 49 states, announced that it grew its residential lending volume from $1.245 billion in Q2 to $2.019 billion in Q3, representing a 62 percent increase.
- How to Raise Private Money for Real Estate
With housing prices still down and mortgage rates the lowest they've been, well, ever, right now is an amazingly good time to invest in real estate. Of course, in order to do so you need money, and unless you're independently wealthy, that means raising funds from private lenders.