Nov 18, 2021 10:51:15 AM
Oct 19, 2020 11:00:00 AM
During the Great Recession of 2008, millions of Americans lost their homes. The housing market collapsed, leaving the national economy in shambles.
Finger-pointing was common in the years to follow, but most financial experts can agree to one major cause: subprime mortgages.
Subprime loans are dangerous because they hide behind the pretense of helping low-income Americans.
Sep 15, 2020 3:19:18 PM
Sep 1, 2020 3:22:03 PM
Jun 10, 2020 5:15:55 PM
In 2010, and in response to the financial crisis that we now know as the Great Recession, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law. The law places strict regulations on lenders and banks in an effort to protect consumers and prevent another all-out economic recession. It was this act that outlined a set of rules around higher priced vs. high cost mortgage rates.
Feb 18, 2020 5:30:06 PM
While buying a house, choosing a private lender over a full-fledged financial institute for a mortgage loan is a great option. One of the many benefits of doing so is that private lenders approve loans much quicker than other financial institutions, such as banks.
Best of all, the majority of hard money lenders do not look into a borrower's credit history. Private lending is a flexible process that makes it easier for almost everyone to own a home or invest in real estate.