Learn about Residential Hard Money Loans, what is needed to get a residential hard money loan along with articles and tips.
FHA has placed a moratorium on foreclosures from mortgage loan defaults and offered any borrower that requests it an extension to not make payments for a year (HUD). This effectively kicks the can down the road and pushed out any…
If you have been tracking interest rates in the mortgage market, your head is likely spinning. Mortgage rates hit a record low of 3% less than a week later rates have risen again. What is causing the drastic swings? Is…
The mortgage market is an interesting animal. Long term mortgage rates traditionally track the 10 year treasury and historically trade in a very narrow band, approximately one percent higher than the 10 year treasuries. This would put mortgages today in…
When the shutdowns from the pandemic rippled through the economy, I saw statistics that up to a third of all mortgages could end in default. At the same time, home sales of previously owned homes just dropped to a 10…
Do you know where the next mortgage defaults will occur in your city? What cities and zip codes are most at risk during this recession? In every recession, there are two predictors of default/loss, collateral and equity. What does…
From March 1 through the end of May, Americans deferred debt payments on more than 100 million accounts, according to credit-reporting firm TransUnion, a sign of widespread financial distress. Millions are out of work, yet house prices are increasing in…
Happy summer to everyone, hopefully you are taking some time to get outside with your friends and family to de stress . Last week, I wrote about the general economy not following a V shaped economic pattern, which I still…
We are still funding in cash. Before the Pandemic, the United States economy was on track with the longest running bull market, record low inflation wages increasing, record low unemployment, and historically low mortgage rates. Even with all this good…
NY city is changing the real estate game implementing a ban on the NYC rental broker fee and making a host of other changes. At the same time New York leads all U.S. metro areas as the largest net loser…
The picture above is a bit more relaxing to look at as opposed to the media barrage of the coronavirus and stock market (do you know where I took the pic, hint in CO, email me if you know). The…