Lending

Real estate crowdfunding startup RealtyShares hits hard times, halts new investments

Company unable to secure new operating capital to continue growth
Everything was going swimmingly for RealtyShares just over a year ago. The real estate crowdfunding startup had just purchased one of its biggest rivals, Acquire Real Estate, and had plans to grow its investment in commercial and multifamily real estate. But now, RealtyShares has fallen on hard times and will be laying off much of its staff and stop accepting new investments on its platform.
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Stanford: Boomers are entering retirement with less savings, greater mortgage debt

Could home equity access be the solution?
Americans are now living longer than ever before, and experts predict that a record number of Baby Boomers will soon enter retirement. But when compared to past generations, the Stanford Center on Longevity has discovered the landscape of homeownership and retirement in America is changing – for the worse.
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Appraisal experts: Here’s how you can best prepare your borrower

Set expectations, and if they must appeal, bring solid comps
Borrowers often have considerable expectations when it comes to their home’s estimated value, and navigating these can be tough for both the loan officer and the appraiser. Experts from two appraisal management companies recently discussed how to best prepare a borrower for an appraisal the National Reverse Mortgage Lenders Association conference in San Diego, and here’s what they said.
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Ready Capital merging with Owens Realty Mortgage

Companies say combination will help grow commercial lending operations
Ready Capital, a real estate finance company that originates, acquires, finances and services small- to medium-sized balance commercial loans, including agency multifamily, investor and bridge, is set to grow its lending platform through a merger with Owens Realty Mortgage.
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What’s the right strategy for growing a mortgage business in the midst of a downturn?

Freedom Mortgage’s Stanley Middleman offers advice on the current market
It’s not easy being a lender in this market. With origination volume down and margins compressed, consolidation among mortgage companies is expected to continue, and even increase. But according to Stanley Middleman, president and CEO of Freedom Mortgage, current market conditions also present a real opportunity.
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Multifamily lending on track to break records again in 2018

MBA projects commercial and multifamily originations will set new record
As the Mortgage Bankers Association reported recently, multifamily lending hit a record high last year…and things are looking even better this year. The MBA released a brief updated forecast this week, which states that multifamily lending is on track to set another record in 2018.
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Here’s how much Zillow is paying to get into the mortgage business

Company reveals cost of Mortgage Lenders of America acquisition
Zillow’s stock tanked on Wednesday after the online real estate giant released softer-than-expected guidance about the company’s expectations for the near-term, but that wasn’t the only big piece of news that Zillow released. Zillow also disclosed, for the first time, exactly how much it is paying to get into the mortgage business.
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