The Federal Reserve Bank of New York recently came out with its biannual Small Business Credit Survey, which showed lenders expressing a more positive attitude towards small business financing. The survey — which received more than 800 responses from businesses from New York, New Jersey and Connecticut — showed that almost half (44%) of small […]
Next-Day Cash-Out Refinancing Available At Affordable Financial Services LTD, we can cash-out refinance a day after a purchase, as long as we can show that improvements were made or the home was purchased below market value. This is great for someone who purchased a steal, or for investors who want to pull some of their […]
The Mortgage Bankers Association reported today that applications to purchase homes were up 1.5% last week compared to the previous week. This slight uptick could be attributed to the increasing volume of government loans and remarkably low mortgage rates. The unadjusted purchase index also rose by the same percentage, according to the MBA. Compared to […]
Bloomberg BusinessWeek reported today that JPMorgan Chase & Co. is marketing $716.3 million of mortgage bonds. The transaction consists of 36 loans on 96 properties and is the second of newly issued commercial mortgage-backed bonds to be sold this year. In 2008, funding to property borrowers was cut off as credit markets froze, which resulted […]