All posts tagged "lending"

Kabbage could be the best lending option for the next phase of your biz

(FINANCE NEWS) Kabbage offers lines of credit between $2,000 and $100,000 for small businesses, even Realtors. Ready to hire more support team...

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You just got an LLC and you’re ready to hire – 3 things lenders look for

(FINANCE NEWS) Yes, securing a small business loan of any kind is tedious and depends on varying lending organizations and business needs,...

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Are lenders determining credit-worthiness based on your smartphone habits? Maybe.

Shopping for a small-business loan? Lenders are now using social media and smartphone habits (including who you are texting, GPS locations and...

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Able: World’s first collaborative lender knocks our socks off

Small business lending is often stacked in favor of the lender, but Able appears hellbent on changing the model and flipping it...

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HUD charges lender for denying disabled couple’s loan

HUD has filed charges against an Ohio-based lender and mortgage broker for denying a loan after a couple with disabilities refused to...

Mortgage

How credit scores have an impact on a mortgage

Helping explain concepts to clients One core value of practicing real estate is knowing as much about the home buying and selling...

How is the government’s loan modification program going?

For the last year, we have been covering the government loan modification program called Home Affordable Modification Program (HAMP) and long ago...

Business Marketing

Lenders, Liars and Losers – Observations of a Humorist

I don’t know about you, but I am on the verge of a breakdown. Why? Because I am so frustrated with the...

Move, Inc. launches consumer lending site, Mortgage Match

Today, Move, Inc. announces their newest acquisition, MortgageMatch.com. Retail mortgage banking company, Cornerstone Mortgage in Houston, TX (founded in 1988) is now...

HUD guidelines are creating misinformation and scare tactics

This evening I received this forwarded email (below). It was from a local lender who sent it out, then it was forwarded...

Bills.com acquires Home-Account, aims to aid financial decisions

After already receiving several high profile investments into their “mortgage savings” company, Home-Account this week announced a sizable investment from personal finance...

FDIC calls bank closures a short term ill but closure rates remain high

In 2007, the FDIC seized only 3 banks, in 2008 they shut down 25, and in 2009, 130 banks failed! We’re only...

Bank of America Makes a Bold Move – Principal Forgiveness

Change in attitude? Today, Bank of America announced that it will introduce “principal forgiveness” which will look to reduce loan balances of...

Do Homeowners That Eat BBQ Get Better Home Loans?

Best cities for borrowers Today, Forbes released their list of top 10 best cities for borrowers, noting that in the top performing...

Congress & Obama Clueless About How to Fix the Housing Crisis

Too many chiefs? With the housing crisis still heated and stabilization seemingly wishful thinking, 2010 will continue to be the year of...

Troubled Loans in Commercial Mortgage-Backed Securities Spike

CMBS Loans in trouble The total dollar amount of distressed Commercial Mortgage-Backed Securities (CMBS) will skyrocket to double the current number to...

FHA Defaults Surpass 9% – Impending Doom or Just Predictable?

A historic era This year has already proven to be a news filled year for the Federal Housing Authority (FHA) as the...

FHA Relaxes Anti-Flipping Rule Starting February 1, 2010

HUD steps it up Earlier this month, the Housing and Urban Development Department which oversees the Federal Housing Administration stepped up their...

A Staggering 18.9 Million Homes in U.S. Are Currently Vacant

Foreclosures rise As the number of foreclosure filings hit historic highs, studies and statistics show staggering results. Of the 130.6 Million housing...

Treasury Updates HAMP Guidelines, Might the Program Work Now?

HAMP considered a failure It has been a rocky road for the Obama Administration as their Home Affordability Modification Program (HAMP) comes...

Fannie Mae Pays Closing Costs on Their REO Properties

Fannie Mae makes their move The lending industry has had a historic year so far as the landscape changes, the government changes...

Three Lenders Booted from The FHA Loan Guarantee Program

Big changes Thus far in 2010, the lending scene and real estate sector have experienced rapid change with news coming out making...

Mortgage Application Demand Lowest Since Summer 2009

An ever changing scenery We’re certainly still in uncertain times and after six months of increasing demand for mortgage applications, this week,...