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If the borrower is a pass-through entity like a partnership, that "income" is reported to the partners for tax purposes even though no money actually changes hands. When a default occurs, tax law typically allows the lender to claim a bad debt deduction.
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Participating lenders can offer the NC Home Advantage Tax Credit, which allows eligible first-time buyers and military veterans to reduce their federal income tax by up to $2,000 a year if they apply and are approved by the NC Housing Finance Agency for a Mortgage Credit Certificate (MCC) prior to their home purchase.
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Private lenders OHA Investment Corp. and Portman Ridge Finance Corp. Ted Goldthorpe, head of credit at BC Partners, which will manage the BDC via an affiliate, said in a phone interview. “This.
Becoming a participating lender with the NC Housing Finance Agency not only benefits you and your company, but also provides resources to help your home buyers secure their dream of home ownership.. Benefits . Increase your business by making loans to North Carolina residents whose finances may have kept them out of the housing market.
PrimeLending Wins Freddie Mac Home Possible RISE AwardSM for Outstanding Work in Affordable Lending Low Credit First Time Home buyer primelending wins freddie mac home Possible RISE AwardSM for Outstanding Work in Affordable Lending – The rise award recognizes lenders for excellence in producing the greatest volume of Home Possible mortgages – Freddie Mac’s affordable lending solution for low-to-moderate-income home buyers..
Media Quicken Loans’ Wholesale Channel Logs Record Week. Now, the lender has announced that Quicken Loans Mortgage Services – its wholesale channel that works with mortgage brokers, regional banks and credit unions – logged its best week ever with a 400% increase in clients compared with the same time last year.
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