The release of the Non-Farm Payroll Report for November along with the latest inflation data from the Bureau of Labor Statistics placed further into question the Federal Reserve’s free money policy. The spate of less bad news on the economy and increases in certain price levels has brought some of the bond vigilantes back from [...]
Posts Tagged ‘hard money’
Why the Fed Will Be Sidelined in 2010
December 22nd, 2009 by HardMoney Writer
Tags: bank lending, central bank, Federal Reserve, hard money, interest rates, investors, lender, loan, Mortgage Backed Securities, mortgage issuance, mortgage loan, real estate
more...American Gold Trust Announces Release of Digital 24-Page Gold & Silver Coin Catalog
December 21st, 2009 by HardMoney Writer
American Gold Trust, one of the fastest growing coin companies in the world and a premier leader in the gold and silver industry, has announced the release of its new 24-page digital catalog. The first catalog of its kind to be released online, American Gold Trust’s digital coin catalog is meant to help investors who [...]
Tags: American Gold Trust, financial interest, hard money, hard money portfolios, investors
Bank files against Jay Miller
December 18th, 2009 by HardMoney Writer
Heritage Oaks Bank has joined the list of creditors who say that now bankrupt former North County lender Jay Hurst Miller owes them money, according to a recent filing with the U.S. Bankruptcy Court in Santa Barbara.
In the filing, bank Executive Vice President William Raver declared that Heritage Oaks made a $250,000 personal loan to [...]
Tags: bankrupt, borrower, hard money, hard money lender, lender, loan, money, real estate
Young Boss, Hard Money
December 17th, 2009 by HardMoney Writer
The young entrepreneur we visit today is struggling with the funding for his jellyfish business. The 100,000 yuan start up funding he got from the government is about to run out. But the 100,000 yuan has never been so important to him.
Wang Wenlong has been running his aquarium company for three years. And jellyfish is [...]
Tags: aquarium company, hard money, industry experts, investors, marketing consultants, Shanghai technology, Wang Wenlong
California Department of Real Estate official discusses lending fraud
December 16th, 2009 by HardMoney Writer
Since the collapse of the housing market and the start of the recession, the California Department of Real Estate has seen its fair share of bad real estate actors and defunct hard-money lending firms.
While the department does not keep statistics to show whether fraudulent behavior is worse in this county, Jeff Davi, commissioner of the [...]
Tags: District Attorney’s Office, estate financial, hard money, hard money lenders, investments, investors, lending fraud, mortgage lending, real estate
Hard Money NYC Closes a $160,000 Bridge Loan in Just 4 Days
December 15th, 2009 by HardMoney Writer
Hard Money NYC, a private money lender specializing in commercial real estate financing, announced that it has closed a short term loan on a mixed use property in Bronx, New York in just 4 days.
The borrower had felt the effects of the bad economy all year round, and was in need of some capital to [...]
Tags: borrower, collateral, commercial real estate financing, hard money, loan, mortgage, private money lender
Hard lessons for hard money investors
December 14th, 2009 by HardMoney Writer
If it seems too good to be true, then it probably is.
That could be the mantra repeated by scores of investors entangled with several local hard money lenders responsible for San Luis Obispo County residents losing millions of dollars.
Some of the investors were professionals and business owners who considered themselves to be savvy enough to [...]
Tags: bankrupty, Business owners, estate financial, hard money, hard money lenders, Hurst Financial, investors, real estate
Investors can now get results, scores on hard money lenders
December 11th, 2009 by HardMoney Writer
Thanks to a new state law, investors have the right to get scores and the examination results for hard money lenders operating in Nevada.
Hard money lenders, sometimes called private lenders, solicit money from individual investors and use the money to make short-term loans to developers and others who provide real estate as collateral.
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Tags: All Western Mortgage, foreclose, Goldwater Capital Nevada, hard money, hard money lenders, Integrated Financial Associates Inc, investors, lenders, loan, money, mortgage, Nevada Mortgage Lending Division, real estate
Judge signs claims motion
December 10th, 2009 by HardMoney Writer
The business was run by Polson businessmen Keith Kovick and Bob Congdon.
Last week, Helena District Court Judge Kathy Seeley signed a motion approving a claims submittal process that will allow investors to work toward recovering funds lost in the alleged scheme.
The process lays out a paperwork procedure beginning with a form (printed fully [...]
Tags: hard money, hard money lenders, hard money lending, investors, Montana Commissioner of Securities and Insurance, mortgage lenders, mortgage lending, Securities Commissioner
Sliding back towards a gold standard
December 9th, 2009 by HardMoney Writer
Gold broke through US$1,200 per ounce last week on rumors that the People’s Bank of China might increase the percentage of gold in its reserves. The dollar, the euro, sterling and the yen all have good reasons to weaken, yet in our current global fiat money system, they have nothing to weaken against.
Global foreign exchange [...]
Tags: Bank of China, central bank, European Central Bank, Fort Knox, global money, hard money, International Monetary Fund, money system, private sector investors