Credit Products; Vendors Raising Money and Offering Free Appraisals

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Posted To: Pipeline Press

Are there “non-profit” lenders and/or real estate companies in the private sector? (I’m talking business model, not tax status.) Sure there are. Here’s a quick example: Homewise in New Mexico . But in my talks with lenders around the nation, profit is the name of the game, and non-bank lenders are always watching bank and credit union activity in residential lending. Market share is always shifting . There are lots of smart folks who will tell you that banks are no longer as attracted to the current legal and regulatory “resi” environment, nor the volatility in volumes and profits, and that perhaps the residential borrower is not viewed as the cornerstone of banking that they once were. Change is a constant! Lender Products and Services THE COMPLIANCE NEWSHUB…(read more)

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