Although data providers don't track the number or dollar -
volume of loans going to house flippers as opposed to developers of larger projects, more than a dozen real - estate - focused platforms offer loans to them.
Part of the problem stems from the sheer
volume of loans going bad, an outcome that few lenders were prepared for.
Not exact matches
Instead, the focus has been on making more
loans to energy companies and building stronger relationships with clients so that when
volumes pick up, more
of the activity will
go to Morgan Stanley, the sources said.
During the financial crisis, private mortgage insurance lenders
went into hibernation, producing just 15 percent
of mortgage insurance
volume, compared with nearly 70 percent for FHA - insured
loans.
The
volume of private student
loans grows each year, as the costs
of higher education in the U.S.
go up.
Last year, roughly 7 %
of the Detroit lender's
loan volume went through the Rocket Mortgage platform, according to Bill Emerson, vice chairman
of Quicken
Loans.
-- Owner
of The Weeks Team — Mortgage Financial Services — Mortgage lender for more than 13 years — Closed thousands
of loans totaling hundreds
of millions
of dollars in
volume — Named top 1 %
of loan officers in the nation — Mortgage Peace — Based in New Orleans, Louisiana — Say hi to her at http://weeksteam.com/ — Best Ever Book: The
Go Giver by Bob Burg