203 k loans are back

This is a loan that allow the borrower to role the purchase price and the rehab costs into the the loan. With all of the shadow inventory, foreclosure inventory (bank, tax, municipal etc…) and refi volume going away, many lenders typically have and will...

What is a portfolio lender?

Most banks initiate loans and then sell them off and merely remain as servicing agents.  A portfolio lender holds loans in its own portfolio. The big bank boondoogle in the last few years was caused in part by the massive selling off of bad loans to unsuspecting...