| Silver Hill(R) Unveils Alliance Program With Rewards and ...
MIAMI, March 29 /PRNewswire/ -- Silver Hill Financial, LLC (http://www.silverhillfinancial.com/), a leading national real estate lender specializing in small-balance commercial loans, has unveiled its new Alliance Program with value-added benefits reserved for its premier mortgage broker clients. With tiered levels of Orange, Silver and Platinum Status, Silver Hill's Alliance Program enhances the small-balance commercial experience for top-producing clients and rewards them for their loyalty. Any mortgage broker registered with Silver Hill is eligible for the Alliance Program upon meeting criteria based on number of loans or volume closed with Silver Hill. The Alliance Program offers incentives such as enhanced, customizable marketing support; greater involvement in the processing and closing functions; support from a dedicated Silver Hill team member; preferred pricing; customized training; and accelerated Silver Star Rewards(SM) points.
Consider an FHA Loan
Editor's note: As a special feature for April, TheStreet.com is offering a series of 20 stories on everything you need to know about real estate. Today's story is the third installment. Just because the subprime mortgage industry is in trouble doesn't mean a poor or limited credit history will keep you from buying a home. Subprime lenders are closing up shop or tightening their lending standards, making it tougher for people who are first-time homebuyers or have impaired credit to get financing. But the Federal Housing Administration, which ceded market share during the go-go years, wants to help fill the void being left as subprime lending slows. The agency is cutting red tape and speeding up processing in an effort to expand its business. The FHA, which is part of the U.S.
Subprime Lending Hurts Homeowners
CRLs report, "Losing Ground," follows subprime mortgages from 1998 though 2006 and reports that these mortages led to a net loss in homeownership in every year studied. Created by Self-Help, one of the nation's largest community development financial institutions, CRL conducts research and helps create policies to protect homeownership.
Foreclosures are rapidly rising as a result of subprime mortgages. Shockingly, more than 36 subprime mortgage companies have failed since the start of 2007. The Federal government is hearing testimony as regulators try to figure out what steps are necessary to stop the failure of subprime loans and to protect consumers from these confusing and often predatory lending practices.
Subprime loans are high-interest rate loans that are offered to people who do not qualify for market rate mortgages.
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