The new program, aimed at non-owner-occupied properties, can close in as little as 10 days
Citadel Servicing Corp. recently went live with two state-of-the-art solutions to provide originators with 24/7 access to pricing
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.
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.