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Volume 18 - Number 21

October 17, 2014

Distressed Mortgage Investor Touts Benefits

American Homeowner Preservation, a hedge fund that invests in distressed mortgages and helps some borrowers with loan modifications, said it proves distressed mortgage sales can be “preservative and profitable.” Officials at AHP said the fund has now helped more than 500 distressed borrowers avoid foreclosure via loan modifications. Investors in AHP also earn strong returns from the firm’s purchases of distressed mortgages. AHP started as a nonprofit in 2008, buying short sales ...

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Poll

With rates higher this year, there has been talk of lenders liberalizing their underwriting standards in an effort to increase volume and make up for lower refis.

Do you think your shop will loosen standards over the coming three months?

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Yes and, heck, we may even do non-QM lending.
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