Bond rating agencies and a top nonprime lender say that nonprime and non-QM loans are set to come back in a big way this year
Angel Oak has become one of the industry’s first nonprime originators to be reviewed by ratings agencies after on-site examinations by both DBRS and Fitch
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.
The wholesale market is due for a significant increase in the near future, an industry executive has said
With the end of the blissful go-go days of an ever-rising housing market and ever-prime mortgages, the notion of risk has become our close companion.
As most people in the mortgage lending industry well know, the Dodd-Frank and the Consumer Protection Act have made it even more difficult for consumers to obtain loans by trying to “protect” them.
Your present credit score rating is the result of every financial decision you have made in your life. Most of us had very little or no financial coaching at all, so we have basically been winging it as go went along. We might have made many of our decisions based on good intentions, only to watch them fall flat because we lacked certain knowledge or planned poorly. We all make mistakes, but identifying them and understanding where we went wrong will help us to avoid repeating them. Following are some of the most popular mistakes people make that could lead to a bad credit score rating.