SCOTTSDALE , Ariz., Oct. 8 /PRNewswire/ -- MoneyNowUSA.com, a Scottsdale , AZ-based online loan service, has just added sub-prime personal loans enabling borrowers to get caught up on mortgage payments. This new sub-prime loan product will allow borrowers to take out an unsecured loan for up to $15,000 . Flexible underwriting allows consumers with bad credit to get cash even if they are currently behind on their housing payments. Homeowners can take out a loan even with a credit score as low as 530 (pre-qualifying over 91% of homeowners)
Fallout from the implosion of the residential-housing market will dampen what has been a white-hot commercial real-estate market, Valley economist Elliott Pollack told a group of commercial brokers and developers Thursday.