Many borrowers have sterling credit, but fall outside the narrow box that defines “traditional” mortgage customers. Now a new program is giving those borrowers a choice
Perhaps the greatest comeback story in the mortgage industry has been the resurgence of non-prime loans. Citadel Servicing Corporation’s Will Fisher talks about non-prime’s comeback – and how the product is different than the subprime products of years past
The mortgage game can be a complex arena fraught with difficulties; and the number one hurdle most people have trouble clearing is an all-too-common one: credit, or a lack thereof.
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Unlike the risky subprime mortgages before the financial crisis, these new products have stricter regulations and are under a different name.
An investment firm plans to invest more than $300 million in home loans made to U.S. borrowers with poor credit.
The national mortgage delinquency rate is below 4% for the first time in years, but originations have also declined significantly
Private money loans, also called hard money loans or bridge loans, are still the top choice for real estate investors in the wake of the bank meltdown of 2008 and 2009. Many real estate investors have marks on their credit after the real estate crisis and can no longer qualify at the bank. Hard money loans have allowed these investors to get back into the real estate game again and start hitting.