Hard Money Loans

The body found by duck hunters on Sunday in Lake St. Clair belongs to missing Community Central Bank President and CEO David Widlak, according to the Macomb County sheriff. View full post on Banking Stories

Linda Young – AHN News Writer Washington, D.C., United States (AHN) – Initial jobless claims unexpectedly rose last week by 13,000 to a seasonally adjusted 462,000, the U.S. Labor Department said Thursday. Economists were expecting only 450,000 Americans to file first time unemployment claims. Americans filed 449,000 first-time claims the previous week. Although the economy [...]

Mitchell Jaworski – AHN News Reporter New York, NY, United States (AHN) – U.S. markets finished the week higher despite a mixed bag of economic data. Strong earnings reports from a handful of big-cap tech names helped fuel gains on Friday. The Dow Jones Industrial average added 13 points or 0.12 percent despite decliners outpacing [...]

Currently we are seeing decline rates at, literally 90%, from banks here in Michigan. Meaning that 90% of all commercial loan request that come in the banks doors are being turned down. 50% – 60% of these potential commercial mortgages probably make sense from a traditional underwriting perspective, but the banks are not willing to take the chance as loses continue to rack up and take their toll.