Freddie Mac will finance loans for manufactured homes



Government-backed mortgage servicing organization Freddie Mac says it will begin financing loans for manufactured housing, in an attempt to make those homes more affordable to buyers. Freddie Mac said in a statement that the idea is to run a two year pilot program called CHOICEHome, which will provide financing in the form of a traditional […]

GROUNDFLOOR, a crowdfunding lending platform, raises $4.2M in funding



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.

Fannie & Freddie privatization should be ushered in gradually, experts say



If the federal government is to go through with its proposed privatization plans for mortgage servicing giants Fannie Mae and Freddie Mac, any changes must be thought through very carefully to ensure the availability of safe and affordable

PeerStreet says it’s funded over $1 billion in real estate loans since its launch



Real estate loan investment platform PeerStreet says its hit the $1 billion mark for loans funded via its public marketplace since the company was founded.

Guild Mortgage to help fund solar panel installations



Some mortgage lenders are offering assistance to homeowners who’re willing to install solar panels by paying for the upfront costs.

Freddie Mac entices landlords to keep their properties affordable



Freddie Mac is launching a new initiative that will see it provide low-cost loans to owners of multifamily properties in order to help them keep their rents affordable for middle class families

New rule exempts low-cost commercial property from appraisals



Almost one-third of commercial property sales will become exempt from the need for an appraisal following changes to federal rules.

Subprime loans are making a comeback under a new name



The subprime mortgage that were said to be responsible for the last housing crisis are making a comeback – but this time they’re being called “nonprime” loans

Real estate investment platform PeerStreet lands $29.5M funding



El Segundo-based PeerStreet, a platform for investing in real estate-backed loans, has just landed $29.5 million in a Series B funding round led by World Innovation Lab.

Black Knight report shows foreclosure crisis is almost over



With U.S. housing markets steadily continuing their recovery from the last decade’s financial crisis, distress markers are diminishing faster than ever.

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