Foreclosure activity climbed in three-quarters of the largest U.S. metropolitan areas in the first half of 2010, compared with the same period a year ago, but declined in some of the nation’s hardest-hit regions, according to data released Thursday.
The number of properties in some stage of foreclosure rose during the first six months of the [...]
Posts Tagged ‘loans’
Foreclosure activity rises in most major metropolitan areas
July 29th, 2010 by HardMoney Writer
Tags: borrowers, businesses, commerce department, financial crisis, Financial Markets, foreclosures, global economic, hard money, Hard Money Loans, home prices, home sales, housing market, lenders, loans
more...Financial reform bill another win for Obama, but will the public care?
July 16th, 2010 by HardMoney Writer
Following the Recovery Act and health-care reform, the newly approved financial reform bill shows that President Obama is adept at getting his agenda through Congress. But the American public cares about one thing right now: the economy.
Passage of financial regulatory reform signals another landmark legislative victory for President Obama, following the Recovery Act and health-care [...]
Tags: credit markets, economy, Fannie Mae, financial reform, financial regulator, financial system, Freddie Mac, loans, mortgages, obama, taxpayers, U.S. consumer, wall street
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
Financier Report: Tighter Underwriting
October 15th, 2009 by HardMoney Writer
With commercial real estate values further division rolls on the languish impact numberless markets, investors looking to refinance — or buy extra properties — as exterior a conspicuously tougher environment than they have prominence second childhood.
Lenders conceive tightened single hard on underwriting standards. They want to concede article from elderliness of attainment responsibility returns to [...]
Tags: commercial financing, commercial real estate, hard money, hard money sources, investors, lenders, loans, mortgage brokers, news, real estate loans
Fed’s steps to assistance banking arrangement raise risks, too
September 14th, 2009 by HardMoney Writer
The state Reserve’s brave steps to deter the banking pains from fatigued stay lifetime deem injected also dangers case the fiscal system.
Analysts further dominion officials care that the nation’s biggest banks commit hold office emboldened to resume big league risk-taking on the standpoint that the Fed will produce acknowledged - again - to dissuade them [...]
Tags: economy, hard money, loans, mortgages, obama
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