FDIC to Sell $114.8B of Seized Mortgages from Failed Regional Banks
Now's your chance to get low-rate mortgages from FDIC seized from failed regional banks. Act fast: these $114.8B of properties won't last long! Find out more now.
Now's your chance to get low-rate mortgages from FDIC seized from failed regional banks. Act fast: these $114.8B of properties won't last long! Find out more now.
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Several banks, including Silicon Valley Bank and Signature Bank, were shut down by the FDIC in March, and pressure is being felt by many regional banks. The Federal Reserve Board increased interest rates by 25 basis points instead of the expected 50 basis point increase due to higher-than-expected jobs data and CPI index, which caused a relatively stable but volatile economy. Private lending rates are good, and capital aggregators are pricing around 6-7%, giving banking a run for their money. Balance sheet lenders are the real winners of this recession, but diversification of capital or preparing for scratch and dent are alternative strategies to prepare for Q3, Q4, and Q1 of 2024.
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2019 housing market still suffering from inventory shortage! As demand increasingly outpaces supply, private lenders need to be prepared for the continued pressure on home prices & the difficulty of finding quality properties to finance. Act now to get ahead!
"2020 has seen a housing crisis, but NAREB is fighting to get more African-Americans into homeownership. Join leading lenders to see how SPCPs can help increase Black Homeownership today!"
Massachusetts has passed a landmark tenant protection bill providing equitable housing for all - find out what this means for renters & landlords in MA and beyond! Stay informed & make sure your rights are respected. #Housing #Equity #LandlordTenants
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