Mr. Garcia subprime/seller carry back - Posted by Born

Posted by Ed Garcia on January 28, 2001 at 22:47:48:

Born,

Portfolio lenders are lenders who make the loan and portfolio it or keep it. This type of lender has more flexibility in their underwriting criteria, because they don’t sell the loan or broker it off. Also since they don’t sell the loan off, you have an opportunity to establish and build a relationship with this type of lender.

Ed Garcia

Mr. Garcia subprime/seller carry back - Posted by Born

Posted by Born on January 28, 2001 at 17:30:52:

in the last part of number 8 in 9 ways to do a deal with bad credit. you said there are local independent portfolio lenders, like national associates finance, american general. What are portfolio lenders and how do they operate. I’m lost! Bornone@aol.com