Hard Money New State Rankings Report -- Annual State Rankings List for 2012, Funded Hard Money Real Estate Loans.

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Alternative Lending Magazine, has released the annual hard money state ranking list for 2012. This year's list features a change in 4 of the top 10 rankings. The list covers total funding statistics including residential, commercial and land transactions.

Mortgage loan origination is up 34% year over year in 2012. Hard Money mortgage loan origination is up 88% year over year. You can see the trend and the need for alternative lending in every single state.

Americans engaged in a staggering 8.6 million mortgage loan originations in 2012. Though still a long way off from the historic level of originations that preceded the mortgage crisis, 2012 was the strongest full year of originations we've seen since 2007. Volumes were up approximately 34 percent year over year, with about 8.6 million new loans originated. And, while the majority of these new loans were government-backed - 84 percent in 2012 - the trend over the last four years does suggest a slowly resurgent non-agency market. The largest sub-segment of this non-agency market remaining is the non-bankable portfolio market. By far the largest segment in the non-bankable market is hard money. All estimates and trends show hard money to be as much as 1.8% of all mortgage loan origination in 2012.

A hard money loan (also known as private money) is a specific type of asset-based loan financing secured by the value of a parcel of real estate. Hard money loans are typically issued by private investors or companies. Interest rates are typically higher than conventional loans (such as FHA or FNMA) because of the higher risk. A borrower's credit or tax returns are not as important as the asset or multiple real estate assets used as security for the investor. Many of these hard money loans close in a matter of days rather then months. Most borrowers are given a term of 1-3 years to pay back the entire loan amount. The particular paperwork differs state by state, but many of these loans follow the same laws and regulations bank do.

The Hard Money State Rankings List for 2012 is compiled through the use of accurate, real-time, internet-based data collected from housing funding sales trends and lender behaviors such as recorded deeds and final closing statements. Alternative Lending Magazine is an expert in the field of hard money funding programs and alternative lending scenario modeling.

Here is Alternative Lending Magazine's annual Hard Money State Rankings List for 2012:

1. California
2. Texas
3. Florida
4. Illinois
5. Arizona
6. Georgia
7. Ohio
8. Michigan
9. Nevada
10. New Jersey
11. Maryland
12. New York
13. Pennsylvania
14. North Carolina
15. Virginia
16. Tennessee
17. Louisiana
18. Indiana
19. South Carolina
20. Washington
21. Utah
22. Oregon
23. Alabama
24. (Tie) Missouri - Kansas
25. (Tie) Missouri - Kansas
26. Colorado
27. New Mexico
28. Oklahoma
29. West Virginia
30. Arkansas
31. Iowa
32. Wisconsin
33. South Dakota
34. Rhode Island
35. Massachusetts
36. Minnesota
37. North Dakota
38. Wyoming
39. (Tie) Connecticut - Idaho
40. (Tie) Connecticut - Idaho
41. Kentucky
42. Nebraska
43. Vermont
44. Mississippi
45. New Hampshire
46. Montana
47. Hawaii
48. Delaware
49. Maine
50. Alaska

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