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Sales of Previously Owned US Homes Rose in December (Correct)
http://www.businessweek.com/news/2014-01-23/sales-of-previously-owned-u-dot-s-dot-homes-rose-in-december-correct
At Regions Financial Corp. in Birmingham, Alabama, mortgage production fell last year even as overall lending increased $4.5 billion, about 8 percent, as people took advantage of low interest rates earlier in 2013. “Consumer balance sheets are

Greystone Opens Birmingham, Alabama Office to Serve Lending Demand in ...
http://www.heraldonline.com/2014/01/15/5582949/greystone-opens-birmingham-alabama.html
NEW YORK — Greystone, a leading national provider of multifamily and healthcare mortgage loans, today announced that it has expanded its footprint in the Southern U.S. with the opening of a new office in Birmingham, Alabama. Under the guidance of 

Greystone real estate lender opens Birmingham-area office
http://www.al.com/business/index.ssf/2014/01/greystone_real_estate_lender_o.html
BIRMINGHAM, Alabama – New York-based Greystone has established a Birmingham-area office for its apartment and healthcare mortgage loan operations. Greystone said the new office will give the company an expanded footprint in the South and 

Timothy Ladin Joins DailyDAC LLC
http://www.prweb.com/releases/2014/01/prweb11486099.htm
DailyDAC (http://www.dailydac.com) provides subscribers, most of whom are private equity and family office professionals, with actionable intelligence regarding opportunities to purchase and invest in private companies. Financial Poise (http://www

Commercial Mortgage Loans in BIRMINGHAM, ALABAMA

www.lendinguniverse.com Find and compare hundreds commercial mortgage loans in BIRMINGHAM, ALABAMA. LendingUniverse - Real Estate Brokers ...

First-time homebuyers setting records

Prospective first-time homebuyers are facing stiff challenges as they enter today's housing market including finding an affordable home. A profound shortage of starter homes is limiting choices and raising home prices . According to Trulia, as of April 2018, the inventory of starter homes decreased 48.6% from six years prior while prices rose 57.9%.

Many would-be first-time buyers are millennials, saddled with student loan debt and struggling to save for a down payment. To make matters worse, the run of historically low interest rates appears to be over as the Federal Reserve gradually increases interest rates and mortgage rates follow suit.

According to data from Freddie Mac, first-time homebuyers are buying in record numbers despite these challenges. Excluding refinancing loans, first-timers constituted 46% of all new mortgages in the first quarter of 2018. That's the largest share of first-time buyers recorded by Freddie Mac since they began collecting data in 2012 and it's a continuation of a general upward trend.

Subprime loans – should you take the risk?

Subprime Loans are Back

Since the housing crisis began over a decade ago, subprime mortgage loans basically disappeared thanks to regulatory actions from government and self-preservation for both lenders and borrowers. The effects of borrowing more than you could safely afford to repay became obvious to all parties.

Subprime mortgage loans have been making a slow comeback over the last decade, driven by years of pent-up consumer demand and lending institutions competing for more business.

If you have borderline or poor credit (credit scores in the 580-669 range or below), lenders are devising new ways to offer you a mortgage loan. Are you ready to take advantage of these offers and, even if you are, is a subprime loan the best choice for you?

Increased Risk But Greater Scrutiny

Data from the Mortgage Bankers Association (MBA) shows that during the first quarter of 2007, approximately 13% of all residential mortgage loans were subprime loans totaling almost $115 billion, according to the Federal Reserve. By the end of 2017, the subprime loan volume decreased more than fivefold to $20.4 billion.