Florida First Capital Announces SBA “504″ Loan Rate Falls to Record Low Again This Year
TALLAHASSEE, Fla.—-The 20-year fixed interest rate on U.S. Small Business Administration “504” loans for the purchase of commercial real estate fell to 5.21% for July, edging out June as the lowest rate for the loan program so far this year.
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Tags: Again, Announces, capital, falls, First, Florida, Loan, rate, record, this, year
New Loan Delinquencies on the Rise Again
Just when you thought things might be turning around, the mortgage crisis takes yet another little dip to the downside. Lender Processing Services just put out its May “Mortgage Monitor,” and some promising trends aren’t so promising anymore, specifically new delinquencies and cure rates.
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Tags: Again, Delinquencies, Loan, rise
Half of U.S. Home Loan Modifications Default Again (Update1)
March 25 (Bloomberg) — More than half of U.S. borrowers who received loan modifications on delinquent mortgages defaulted again after nine months, according to a federal report.
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Tags: Again, default, Half, Home, Loan, Modifications., U.S., Update1
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