While Conventional Lenders are hording cash, Private lenders are lending

Saturday, June 20, 2009

Collateral loans have been the primary source of lending.
Asset backed loans have been on the rise. Companies
that have been getting turned down by banks
have been using assets to secure working capital

Private Money

Wednesday, June 3, 2009

65 LTV
No Credit Score requirements
No Prepayment 100K Minimum

7.75% of Loans showing signs of distress

Monday, June 1, 2009

NT Times reported today.  That can't be too good for Banks.  Declining real estate prices and increasing unemployment.  Yikes