We proceeded to start our
second mortgage lending brokerage in 1989.
In the Fox Business segment above, Ryley discusses with anchor Brian Sullivan, who moderates The Real Deal's annual forum, how local and state housing finance authorities have recently ramped up their
second mortgage lending programs to provide borrowers with 3 to 5 percent of the loan value.
I would recommend to this committee that during the course of their deliberations they solicit information from creditors active in
second mortgage lending to determine how the proposed legislation might affect the availability of credit.
There has also been some discussion about parity between first and
second mortgage lending in New Jersey, requiring only one license for first and
second mortgage lending.