New Lending Packages: The Money Store
Article Abstract:
The second mortgage loan impact on the market has been phenomenol over the past five years. Housing stock value tripled from 1970 to 1980, and the ratio of second mortgages to all mortgages grew from one to twenty to two to five. Second mortgages are expected to grow two hundred per cent from 1981 to 1983 as they did from 1978 to 1981. The Money Store's second mortgage business exceeds the national average. 1982 loan starts were over one hundred million dollars. The Money Store was begun in 1967 with a hard-hitting mass media campaign in the northeastern United States. Solid credit lines at banks helped the Money Store. Firms new to the second mortgage market should be aware that trained personnel to initiate and implement the program are required and the purchase of second mortgage portfolios can facilitate understanding of the industry. The Money Store has over seventy participant institutions and is one of the most sizeable non-bank entities in the Federal National Mortgage Association (Fannie Mae). It is also prominent in the Small Business Administration (SBA).
Publication Name: Mortgage Banking
Subject: Real estate industry
ISSN: 0730-0212
Year: 1984
User Contributions:
Comment about this article or add new information about this topic:
Lending and centralization: is this the future?
Article Abstract:
The financial services industry relates faster to real state lending through Internet, E-mails, and VANS, for transactions from one central location. Real time services on accounts are faster and efficient via these electronic linkages. The thrust now is on centralization, which will enable vendors to respond to lender needs within a specific time frame. Lenders and outside servicers form closer alliances for a decrease in processing time, administrative costs, and increase in the surety of loan funding.
Publication Name: Real Estate Finance Journal
Subject: Real estate industry
ISSN: 0898-0209
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Money in the bank
Article Abstract:
British Land property owner subsidiary Newco has received a 114 million commercial property securitisation loan from NatWest Markets for its property in Bishopsgate, London, UK. The agreement, which took six weeks to arrange, is unusual in that it is one of few UK securitisation market deals. It is expected to become a template for future UK property securitisation transactions. British Land is not obliged to fulfill any further business obligations as a result of the deal.
Publication Name: Estates Gazette
Subject: Real estate industry
ISSN: 0014-1240
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: The changing face of recreation. Communing with nature. Straws blowing in the wind
- Abstracts: New-build residential valuations. Seeing into the future. Lands of opportunity
- Abstracts: Casting light on a grey area. Planning without the ark
- Abstracts: Making sense of financial asset securitization investment trusts. Trends in the real estate appraisal industry
- Abstracts: Sum you win sum you lose. Litigation costs: charging through the back door?. Dong Bang Minerva (UK) Ltd v Davina Ltd