Review Mortgage Lenders

All American Home Lending

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Why AAG Sees Potential in the Market for VA Loans

“AAG professionals are specially trained to work with seniors. It’s our entire demographic. Working with senior citizens requires special considerations and sensitivities,” said Paul Fiore, AAG Chief Retail Sales & Operations Officer in an emailed statement to RMD.

According to data from the Housing Assistance Council, veterans make up 9 percent of the total population in the United States as of 2014. Of those, 13 million veterans are over the age of 55, while VA mortgage activity has seen a notable increase: they represented 2 percent of all home purchase loans in 2005, but that figure rose to 9 percent in 2014.

Additionally, according to data from the National Association of Realtors, 76 percent of all American veterans owned their homes as of 2014.

Fiore continued, remarking that working with older veterans, “requires patience and empathy, the willingness to listen to their situations and then guide them through their options for accessing their home equity, often their most valuable asset.

How the Subprime Mortgage Crisis Relates to the Overall Financial Crisis?

I have to write a paper on this, and have tried to understand the whole thing. Please correct me if anywhere in this following summary I am wrong in my understanding! This question is just about the understanding and timeline of the subprime lending crisis.

1) Sorta. Ninja = "no income, no job and no assets"

2) The short version is that people were given loans so they could buy houses that they couldn't afford out of the gate.