The deal allows Genesis Capital to offer enhanced products nationally
The company said the focus of its new business helps address the affordable housing crisis
2010 marked the 50th anniversary of Real Estate Investment Trusts in the U.S. For the first time, REITs brought the benefits of commercial real estate to the average investor. Since then, investors have risen to the opportunity and today U.S. REITs constitute a more than $300 billion equity market, with an average daily trading volume of about $4 billion.
The market share of purchase mortgages that closed in October reached its lowest level since August 2011.
This is the number one reason why a good broker is essential in the loan process. The first rule of lending is, never put the borrower and the lender together.
As most people in the mortgage lending industry well know, the Dodd-Frank and the Consumer Protection Act have made it even more difficult for consumers to obtain loans by trying to “protect” them.
The performance of commercial mortgage debt on a national level does not often make news headlines, but a recent report by Bloomberg Businessweek indicates that the rate of delinquency on commercial property loans has greatly improved since April 2010.
Foreclosed homeowners aren't the only ones who have lost stratospheric amounts of equity in the past six years.