Subprime, B-Paper, Less-Than-Perfect-Credit And Bad Money Loans For Mortgage Borrowers


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Home | Subprime & B-Paper Loans

Subprime, B-Paper, "Less-Than-Perfect-Credit" And Bad Money Loans For Mortgage Borrowers

This department covers information specific to subprime, B-paper, "less-than-perfect" and bad credit mortgage loans. These are loans which are non-conforming, traditionally higher risk and outside standard federal loan guidelines of Fannie Mae or Freddie Mac. There's a reason why subprime wholesalers have a bad reputation--they don't always tell the "whole truth" or make things clear upfront to their retail brokers. Call it "selective memory", "lack of training" or what have you! These mortgage training resources will help you manage these necessary and needed 8-legged caterpillars of the industry.

DOWNLOAD = Credit Overdue For Subprime Mortgage Lending

Subprime lenders haven't always gotten the "credit" that they deserve. Why is it that in the words of Rodney Dangerfield, "They get no respect."? Could it be that there's too many crooked people on the B-paper side of the industry? Perhaps. But, there's also a lot of good people and good deeds. I found this report while digging through my files here and I like it because it reminds us all why we are in this business and how important even the "bad" loans are. It's good to keep our heads on straight and read another opinion on this often beat-up segment of the market. . . . >>> READ MORE

DOWNLOAD = The Evolution Of The Subprime Mortgage Market

Ever wonder where the subprime market came from? It didn't always be this way. Back in the "old days" grumpy old bankers had a strict set of rules they went by before you could pry a penny from their pockets. If you didn't fit within the box, you were rejected outright...if not laughed out of the office! The emergence of "bad credit loans" or the subprime market is something of a recent phenomenon. It wasn't until the mid 1990's that the growth in this segment of the mortgage market really took off! In this 30+ page report aptly entitled "The Evolution Of The Subprime Mortgage Market" you'll learn about the fascinating history and growth of this area. Even, if you've been selling subprime mortgages but weren't exactly sure how they worked, here's your chance to learn. This report was a real eye-opener, even for me! This resource is in Adobe PDF format. . . . >>> READ MORE

DOWNLOAD = Borrowing Basics And A Warning On Predatory Lending, A Great Brochure To Hand All Your Borrowers

With the recent rise in foreclosures and grandma and grandpa calling foul, the federal government has come out with a number of brochures and items to help warn people about so-called "predatory lenders". Like anyone else, people should always read the fine print. Is it the broker's fault that the borrower simply signed onto an adjustable mortgage or another "exotic" loan product? Where is personal responsibility when it counts? . . . >>> READ MORE

DOWNLOAD = Losing Ground: Foreclosures In The Subprime Market And Their Cost To Homeowners

Ever since some of the biggest dinosaurs of the mortgage industry started going belly-up, there has been a frantic call for mortgage reform...especialy in the subprime market. Yes, we all knew it could happen someday. But, that day is today...it's now. The collapse of the subprime segment has a ripple effect that can be felt across the board. . . . >>> READ MORE

DOWNLOAD = The Best Value In The Subprime Market

It's no secret that different states have different laws regarding mortgage activity that occurs. But, the subprime market is a whole other ballgame. Nowhere is this more apparent than with the interest caps that Big Brother State puts on its brokers. They don't want consumers to be taken advantage of and for good reason. This report gives a 50 state overview of the problem and shows the differences that exist. . . . >>> READ MORE

DOWNLOAD = Interagency Guidance For Small Banks On Subprime Lending

As I've been going through a lot of my research files here, I stumbled upon this interesting report. It's short and a bit dated (1999) but has some good stuff on how small local banks have usually handled the subprime customer. I include it here as reference material and another example of the government's willingness to turn a blind eye to the subprime warning shots. For what it's worth, enjoy! This resource is in Adobe PDF format. . . . >>> READ MORE

DOWNLOAD = A Surprising Look At The Subprime Market With Warnings That Nobody Listened To, It's How We Got Into This Mess

The rise and fall of the subprime market isn't anything new. In fact, those monkeys over at HUD predicted it and knew it was coming! Too bad they didn't warn the rest of us. This lengthy 114-page report put together by an internal HUD "task force" gives an accurate, well balanced view of the subprime mortgage market before the crash. . . . >>> READ MORE

DOWNLOAD = Promoting Home Ownership By Ensuring Liquity In The Subprime Mortgage Market

Uncle Sam is smarter than I think we give him credit for. The recent subprime mess was seen percolating years ago, and like a bad cup of coffee somebody should have put on another pot. Wake up bankers and lenders and smell the aroma! The subprime market catastrophe is the making of your own doing...you were too fast and loose at the steering wheel. If someone can't pay their bills, they certainly don't deserve the major responsibility of home ownership. Do you think people can afford to pay a mortgage when they can't even keep up with their phone bills? In this amusing and detailed treatise entitled "Promoting Home Ownership By Ensuring Liquity In The Subprime Mortgage Market" you'll be taken on a wonderful journey into the Wonka land of mortgage delusions. If you're wondering how we all got into this mess, you won't have to go too far to find the answers. They're in the burnt grounds. Enjoy! This resource is in Adobe PDF format. . . . >>> READ MORE

DOWNLOAD = A Dynamic Look At Subprime Loan Performance

As the subprime meltdown continues in full swing, the naysayers and past fortune tellers of gloom are about to take a bow. Yes. They were right. And we were wrong. How could we not see this coming? Maybe it was greed or just plain stupidity or both. Who knows? In this report published by the Federal Reserve Bank Of St. Louis, entitled "A Dynamic Look At Subprime Loan Performance" examines the effect and implications of deliquencies on the subprime market. Funny thing is, it was written back in 2005. This meltdown should come as no surprise. The Feds knew it would happen, but why didn't we? It's a question no one can answer. This resource is in Adobe PDF format. . . . >>> READ MORE

DOWNLOAD = Subprime Foreclosures: The Smoking Gun Of Predatory Lending

Given the current climate of the market, I find it ironic that much of the subprime collapse was something that had been a public secret. This wasn't unexpected and had been seen coming for quite some time. Here is a great report passed onto me by a fellow warrior, entitled "Subprime Foreclosures: The Smoking Gun Of Predatory Lending". It's eerie and right on the mark...unfortunately! This resource is in Adobe PDF format. . . . >>> READ MORE

DOWNLOAD = Subprime Predatory Lending And Its Tricks Of The Trade And How To Recognize Them (Flyer Version)

In this lending flyer (brochure version also available), consumers are warned about the various scams, tricks and sneaky actions of predatory lenders. They aren't always easy to spot and there isn't a club out there that these banks belong to. So, consumers must do their own homework and know what to watch out for. Even at the "good" companies and big names, there are bad apple loan officers who prey on the needy and disadvantaged. Sure, they are entitled to make a fair buck too but at whose expense? This is a handy flyer to have on hand to create trust with your borrowers and warn them of the hustlers that are out there! Courtesy of the Office Of Consumer Affairs. This resource is in Adobe PDF format. . . . >>> READ MORE

DOWNLOAD = Subprime Predatory Lending And Its Tricks Of The Trade And How To Recognize Them (Brochure Version)

In this lending brochure (flyer version also available), consumers are warned about the various scams, tricks and sneaky actions of predatory lenders. They aren't always easy to spot and there isn't a club out there that these banks belong to. So, consumers must do their own homework and know what to watch out for. Even at the "good" companies and big names, there are bad apple loan officers who prey on the needy and disadvantaged. Sure, they are entitled to make a fair buck too but at whose expense? This is a handy flyer to have on hand to create trust with your borrowers and warn them of the hustlers that are out there! Courtesy of the Office Of Consumer Affairs. This resource is in Adobe PDF format. . . . >>> READ MORE

Can Government Solve The Foreclosure Problem?
Foreclosures are up nationwide, and will continue to rise as prices continue to go flat in many markets. For some, the problem is painful. Ask New Century Financial Corporation, the nation's second largest subprime lender, who recently filed for bankruptcy. Ask the guy down the block from you whose house is in foreclosure. . . . >>> READ MORE

The Proposed Foreclosure Bailouts...Do We Really Write Checks To People In Distress?
You need to read this entire article...you'll be surprised at the answer! Yes...the number of foreclosure filings is significantly higher than last year. In fact, it's nearly double what it was a year ago. And, it isn't anywhere close to being over as hundreds of thousands of foreclosures have yet to be filed. . . . >>> READ MORE