The euro declined, headed for a sixth monthly loss against the dollar, amid concerns European measures to reduce fiscal deficits and contain the region’s sovereign debt crisis will undermine the global recovery.
The 16-nation currency erased last week’s gain against the greenback as Fitch Ratings yesterday stripped Spain of its AAA credit grade, saying the nation’s [...]
Posts Tagged ‘borrowers’
Euro Falls, Heads For Monthly Loss, on European Debt Concern
May 29th, 2010 by HardMoney Writer
Tags: borrowers, debt crisis, economic recovery, European Central Bank, european union, eurozone economic, financial market, hard money, IMF, investors, US Economy
more...Fed weighs how and when to signal higher rates
March 16th, 2010 by HardMoney Writer
Debate is heating up within the Federal Reserve over how and when to signal that the days of record-low interest rates are numbered.
A rate hike isn’t imminent. But at their meeting, which started Tuesday morning, Federal Reserve Chairman Ben Bernanke and his colleagues will likely focus on how to telegraph that higher rates are coming [...]
Tags: borrowers, economic recovery, fed, Federal Reserve, interest rates, investors
Secondary Sources: Recession Costs, Doomsday Cycle, Commercial Real Estate
February 24th, 2010 by HardMoney Writer
* Who Pays for Recession?:
On Economist’s View, Mark Thoma looks at who pays the cost of recession. “The recession is taking away opportunity for the young to gain employment experience, and many who are employed are working below their abilities in jobs they are likely to get stuck in for many years, if not forever. [...]
Tags: borrowers, commercial real estate, doomsday cycle, financial crisis, recession costs, unemployed
Aspen Lake Capital Launches REO and Asset Acquisition Service
December 8th, 2009 by HardMoney Writer
Aspen Lake Capital, a well-funded real estate solutions provider specialized in the secondary mortgage market, today announced the launch of its REO and asset acquisition services. The company supports investment and commercial banks, hard money and warehouse lenders, individual investors, regional and community banks by acquiring non-performing residential and/or commercial mortgages and REOs in pools.
For [...]
Tags: aspen lake capìtal, borrowers, commercial banks, global economic crisis, hard money, individuals investors, mortgage, real estate, REO properties, warehouse lendesr
Congdon denies fraud charges
December 3rd, 2009 by HardMoney Writer
State officials inched forward last week with their action against Bob Congdon and Keith Kovick by filing a request for a hearing scheduling conference in Helena District Court.
This moves to advance the administrative case holding that the pair committed fraud while operating Cornerstone Financial Corporation and K and B Investments in Polson.
The businessmen came under [...]
Tags: attorney offices, bad economy, big deal, borrowers, brokers, businessmen, fraud charges, hard money, hard money lenders, hard money lending, insurance, investors, Leader office, lenders, The Commissioners of Insurance and Securities
Nine U.S. Banks Seized access Largest One-Day contents
October 31st, 2009 by HardMoney Writer
U.S. authorities seized nine failed banks on Friday, the most in a single day since the financial crisis began and the latest stark sign that substantial parts of the nation’s banking industry are being crippled by bad loans.
The move brought the total number of failed banks in 2009 to 115 — their highest annual level [...]
Tags: borrowers, Colonial BancGroup, commercial real estate loans, Fannie Mae, FBOP Corp, Federal Deposit Insurance Corp, foreclosed, Freddie Mac, investments, lenders, loans, mortgage, U.S. Bancorp
Home buying the ‘hard’ way
October 23rd, 2009 by HardMoney Writer
If that sounds a little like how the Mob works, don’t worry. Hard money lenders aren’t loan sharks who break borrowers’ kneecaps when they can’t repay. At the same time, these lenders aren’t your Granny Sue. They charge interest rates and fees that would make conventional borrowers cringe and often base [...]
Tags: borrowers, broker, foreclosure, hard money, hard money lenders, loans, news, private money, real estate investors, refinance, subprime lenders
The preface over last-resort loans
October 7th, 2009 by HardMoney Writer
A hard money lender, on the disparate hand, may typify certain to bestow that companion a besides loan. The customer albatross worth physical to property polish off the inherent lender, gaining enough occasion to pass down the payment again pride a likewise ring in to live. Borrowers who female payments owing to of substitute problems, [...]
Tags: borrowers, consumers, hard money, hard money lender, hard money news, loan, money, mortgage brokers, payments
Report Faults Pre-foreclosure Mediation Plans
September 24th, 2009 by HardMoney Writer
A look at by the home Consumer code hub has set up that programs ascendancy 14 states requiring either pre-foreclosure mediation or conferences duck tense homeowners understand done elementary to speed the foreclosure crisis, hugely because the programs impose no benevolent obligation on servicers.
If no requirements are placed upon servicers, the account said, factual is [...]
Tags: borrowers, crisis, foreclosure, hard money news, lending industry
Prospects brighten
September 10th, 2009 by HardMoney Writer
Like all disasters, the financial crisis has its share of beneficiaries who profit from it. One of them is the hard-money lenders, who lend strictly on the basis of the collateral. These non-institutional lenders require a lot less paperwork than institutions because they don’t worry about whether or not borrowers can afford the payments, or [...]
Tags: borrowers, collateral, financial crisis, foreclosure, hard money lender
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