hard money loan needed with fico score below 500
Introduction to Home Loan Programs for people with Below 500 Credit Score
Hard money loan is a non-traditional financing source for your business. Hard Money Loan to value is determined as to the overall improved value. Hard money loans are usually a blend of debt and equity risk; priced highe ...
(Posted: 1/13/2008 6:12:12 AM) Permanent Link
Tags: [hard money, 500 fico score]New home sales plunge too
New home sales were at a seasonally adjusted annual rate of 795,000 units, a decline of 21 percent compared to the previous August.
Source: http://www.bankrate.com/brm/story_content.asp?story_uid ...
(Posted: 10/3/2007 7:01:51 AM) Permanent Link
Yields up rates down
Yesterday the Federal Reserve cut its target for the overnight federal funds rate by half a percentage point. The 10-year Treasury has gone up 13 basis points since last Wednesday.
Source: http:/ ...
(Posted: 10/3/2007 7:01:48 AM) Permanent Link
A rough day for bonds
Bond yields rose about 15 basis points. Long-term, fixed mortgage rates went up by about the same margin -- an eighth of a percentage point or maybe a bit more.
Source: http://www.bankrate.com/br ...
(Posted: 10/3/2007 7:01:47 AM) Permanent Link
Home prices bound to fall
Mortgage bond prices -- Im talking prices right now, not yields -- are falling just a bit today, but arent breaking through the 200-day moving average.
Source: http://www.bankrate.com/brm/story_c ...
(Posted: 10/3/2007 7:01:46 AM) Permanent Link
Putting the FHA on the hook
This week, the House passed H.R. 1852, known colloquially as "FHA modernization" and officially as the "Expanding American Homeownership Act of 2007."
Source: http://www.bankrate.com/brm/story_co ...
(Posted: 10/3/2007 7:01:46 AM) Permanent Link
Fed Slashes Interest Rates By 50 Basis Points
The Federal Reserve slashed benchmark interest rates
by a half point in an agressive move to prevent the economy from moving
into recession and to ease the pains of the housing bubble. The decision
to cut the overnight federal funds rate from 5.25% to 4.75% was
< ...
(Posted: 10/3/2007 7:01:45 AM) Permanent Link
Another Dramatic Downturn in Mortgage Rates
Even before the Federal Reserves
half point rate cut on Tuesday Freddie Macs Primary Mortgage Market
Survey showed another dramatic downturn in both long and
short term interest rates for conventional mortgages. Read More Now
Source: (Posted: 10/3/2007 7:01:44 AM) Permanent Link
FHA Reform Moving Right Along
One day after the Fed cut rates and the House of Representatives
approved FHA Reform, the Senate Banking Committee
approved legislation that would expand the ability of the FHA to insure
mortgages, including higher-risk borrowers. Read More Now
Source: < ...
(Posted: 10/3/2007 7:01:44 AM) Permanent Link
Major Homebuilder Runs Successful Weekend Sale
It seemed to smack a bit of desperation at the time, but in hindsight it appears to look more like marketing genius.
Hovnanian Enterprises, Inc., one of the nations
largest homebuilders, threw open the doors of literally thousands of its
newly built homes or those ...
(Posted: 10/3/2007 7:01:43 AM) Permanent Link
Housing Starts Hit 12-Year Low
Housing starts in August hit the lowest level on an
annualized basis since July 1995 The news would have been even worse if
it were not for a substantial increase in activity in multi-
family housing starts. Construction on projects with...
Read M ...
(Posted: 10/3/2007 7:01:43 AM) Permanent Link
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is not a commitment to lend. Restrictions may apply. Information
is subject to change without notice. All loans are subject
to credit approval. Equal Housing Opportunity.