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Five more lenders raise rates as funding pressure grows – Five more small and medium-sized lenders. money market benchmark interest rate, increase pressure on their ability to offer competitive lending and attractive savings rates, which are needed to.
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Parent of The Falls Event Center files for bankruptcy – The complaint further states that the company financed the purchase and construction of its centers through hard money loans from private investors with interest rates between 10 and 14 percent.
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The mortgage market is now dominated by non-bank lenders – In 2011, 50 percent of all new mortgage money. loans and sustain homeownership instead of this narrow approach,” Burns says. “In the face of stiff penalties and aggressive scrutiny, banks were left.
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More of D.C.’s Affordable Housing Dollars Will Go to New Construction Projects – Awash with gentrification and a steady influx of well-to-do newcomers, the District is allocating more money than ever before toward affordable. Development says it will shift toward funding new.
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