| US mortgage lenders are many and varied. Mortgage | | | | made up from investors that need a place to put their |
| lenders come in all shapes and sizes there is such a | | | | money. These groups will loan money to individuals for |
| huge market of lenders in the US that it would seem | | | | residential mortgages these groups are loosely |
| there is one lender for each occupant of the US. | | | | regulated and have more freedom when lending |
| Mortgage lenders can focus on local areas, states and | | | | money. Hard money lenders can also be capital gains |
| sometimes depending on the size of the lender will | | | | investment groups. |
| write loans nationwide. It is important that when | | | | Hard money lending has been the subject of much |
| searching for information you ensure that the lender | | | | debate in the US thanks to the failing economy and |
| you are researching is US based and lends to US | | | | the rise in foreclosures. The sub prime lending fiasco |
| citizens. | | | | and the down turn in the economy has been blamed |
| There are many types of US mortgage lenders. There | | | | on hard money lenders. Lenders were literally handing |
| are traditional lenders which are primarily commercial | | | | out millions of dollars, that has come to an end. |
| banks. Commercial banks are heavily regulated by the | | | | US mortgage lenders (both traditional and non |
| federal government and are not very flexible in their | | | | traditional lenders) are very reserved these days due |
| lending practices. Traditional lenders normally focus on | | | | to the economic down turn and have really tightened |
| a small local area. There are a number of non | | | | the purse strings. Although not impossible to find |
| traditional lenders which fall into several different | | | | funding it has become increasingly difficult. US |
| categories. | | | | mortgage lenders are watching every penny just as |
| Some non traditional lenders are imbedded with capital | | | | the average American is, trying to ride out the wave |
| gains funding groups. Capital gains funding groups are | | | | of the recession. |