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Non-Profit Mortgage Broker

Home Loans Brokered By Nonprofits Helped Fuel The Housing Crisis

by Moe Bedard

Nehemiah, the Sacramento, Calif.-based inventor of seller-funded down payment assistance, and its closest competitor, AmeriDream of Gaithersburg, Md., together facilitated 40 percent of all such loans backed by the FHA. Over eight years, they arranged 392,000 mortgages worth $54 billion, records from the Department of Housing and Urban Development show.

While the two nonprofits earned tens [...]

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Non-Profit Mortgage Brokers Have Begun Their “Secret” Attack on the Mortgage Industry

by Moe Bedard

The era of the non-profit mortgage broker has begun and it looks like the non-profit armies are rounding up the troops for battle.
I know, I know, for profit loan officers and brokers are saying, “Yeah, right! They can’t do what we can do? They are not has smart as we are and how can they help [...]

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