The Office of the Comptroller of the Currency is asking banks to maintain strict lending standards for a kind of unconventional mortgage that’s focused on the borrower’s assets. According to the federal regulator, so-called asset-depletion loans are growing fast in the subprime lending market. These loans let borrowers draw upon their assets, instead of their
GROUNDFLOOR, a crowdfunding lending platform, raises $4.2M in funding
October 3, 2018 by
Real estate lending platform GROUNDFLOOR recently raised an extra $4.2 million in funding, bring its total amount raised $6.2 million in the last two years.
7 Questions to Ask Hard Money Lenders
April 20, 2018 by
Borrowers are often required to consider every advantage and disadvantage of loans, especially those from hard money lenders. If you are considering a hard money loan,
Lenders are easing standards, making it easier to obtain a mortgage
September 28, 2017 by
Government-backed mortgage services Fannie Mae says that lenders are easing their standards for consumers to qualify for a mortgage.
Online mortgage application processor Blend raises $100M in new round
August 25, 2017 by
A San Francisco-based startup called Blend that aims to simplify the mortgage application process has just raised a hefty $100 million funding round to help it achieve that goal.
Dodd-Frank Act set to be overhauled following House vote
June 12, 2017 by
The House voted on Thursday to roll back many of the banking rules under the Dodd-Frank Act of 2010, which increased regulatory oversight of financial institutions.
The US Real Estate Lending scam network
August 9, 2016 by
The US real estate market has always offered opportunities for both foreign and domestic developers and Investors.
Investing Your Private Money In Todays Market
July 4, 2016 by
There are many ways to successfully invest in real estate. One that is currently taking on a renewed life is private money lending. With the banks sitting on the sidelines, private lending creates an opportunity for investors to make a high return while having their money secured by real property. Private money lending can be
How Business Lending Solutions Can Help Your Independent Real Estate Brokerage Firm Keep the Lights On
June 28, 2016 by
The real estate world is changing. In a July 2015 Washington Post article, real estate agents from across the country identified some of the biggest challenges that the industry is currently facing. Several experts pointed out that the real estate brokerage world is flooded with “untrained” or “unethical” agents. This trend hurts the industry as
Lenders unlikely to budge on credit standards anytime soon
June 17, 2016 by
Anyone who was hoping that the banks might be about to ease their credit standards will have to wait a while longer.
