Entries from April 2008

About Hard Money and Private Money Lending

Date April 20, 2008

 Private hard money lending is fast becoming a very viable option for many borrowers.  With the sub prime meltdown and conventional lenders left standing tightening their lending standards, this avenue of finance still offers the liquidity many conventional lenders now lack.
Hard money is a collateral based lending platform.  Although credit, ability to repay, financials and […]

Home Ownership Accelerator Program

Date April 19, 2008

 There is a new home ownership accelerator program on the market, and now is a great time to take advantage of it. 
This home ownership accelerator program was brought to the U.S. in the early 2000’s from Australia.  Modeled after what is called an all in one loan, or an offset loan, it works to use […]

Washington Mutual Closing Wholesale Lending Division

Date April 10, 2008

 This week Washington Mutual secured $7 billion in new capital and announced plans to shut down their wholesale lending division, with 3,000 anticipated job cuts.As of close of business today, Washington Mutual has accepted the last of it’s loans to be submitted to their wholesale lending division.  Once a great source of wholesale rates and […]