There was a time, not too long ago, when mortgage investment corporations (MICs) and other private lenders were viewed as shadowy presences haunting the outer fringes of the mortgage industry, waiting to…
Tag: Alternative
Careful, pre-construction condo investors. Lenders don’t like funding assignments
Readers of Mortgage Broker News will be all too familiar with the pitch from realtors who specialize in pre-construction condo sales: Put down your deposit, sit back and watch as that piece…