Tagged: mortgages

September 28, 2015 @ 9:17 am By JD Alois  |  

Landbay has announced a new hire in Paul Clampin appointed as Chief Lending Officer. Clampin joins the peer to peer lending platform from Paragon Group and is said to have over 30 years of industry experience. While at Paragon, Clampin was Director of Mortgage Underwriting. Landbay states… Read More

September 17, 2015 @ 11:52 am By JD Alois  |  

Landbay, a peer to peer lender in the mortgage sector, has voluntarily taken the Bank of England stress test, provided by MIAC Acadametrics, and the results are said to be quite  positive. Landbay states it is the first direct lending platform to go through the… Read More

July 1, 2015 @ 7:54 am By JD Alois  |  

Yesterday Keystone announced its three-year funding agreement with Aldermore Bank, had ended. Today it has formed a partnership with Landbay to lend and estimated £200 million through Keystone in 2016. This is significant boost for Landbay, a company that has been in operation a bit over… Read More

May 20, 2015 @ 10:08 am By JD Alois  |  

  It was just 2 years ago that UK based peer to peer lending LendInvest launched in partnership with its sister firm Montello to provide short-term bridge loans.  Today LendInvest claims the title of worlds largest P2P marketplace for mortgages having surpassed £300 million in… Read More

May 5, 2015 @ 7:56 am By JD Alois  |  

Indicative of the dramatic shift occurring in finance today, LendInvest has announced the appointment of a former Microsoft executive to join the fast growing peer to peer lending platform. Bart Boezeman will be LendInvest’s new Chief Marketing Officer.  Previously Boezeman was Director of Global Brand… Read More

April 29, 2015 @ 11:15 am By JD Alois  |  

Landbay is leapfrogging other, more senior, peer to peer lending platforms in the UK by lining up a sizable credit line. According to company representatives, the young P2P lender that focuses on mortgage lending has negotiated an impressive £250 million wholesale funding line to be… Read More

April 1, 2015 @ 9:19 am By JD Alois  |  

LendInvest, a peer to peer lender that targets real estate mortgages, has announced a partnership with Plentific, an online property marketplace. LendInvest has facilitated over £269 million in short and medium term mortgage loans to date making it the largest in the world. Plentific was… Read More

March 19, 2015 @ 8:16 am By JD Alois  |  

Peer to peer mortgage lender Landbay has appointed Julian Cork as Chief Operating Officer. Julian has been hired aid in the rapid growth being experienced by the funding platform. He will be joining co-founders John Goodall and Gray Stern in the buy to let focused… Read More

February 26, 2015 @ 7:25 am By JD Alois  |  

Landbay has appointed Robert Burgess to its Board of Directors. He will join co-founders John Goodall and Gray Stern as well as Chairman Tony Ward. Burgess brings over 20 years experience in retail finance having previously held positions at Alliance  Trust, Lloyds TSB, Scottish Widows… Read More

December 17, 2014 @ 12:28 pm By JD Alois  |  

Peer to peer lending platform Proplend has stated they are now approved for inclusion in pension funds.  Proplend is a direct lending platform that targets the secured commercial mortgage market.  In a company note, management states it has recently been approved by pension providers to accept… Read More

October 30, 2014 @ 2:43 pm By Samantha Hurst  |  

The national unemployment rate fell to 5.9 percent in September, down from 7.2 percent in September 2013, according to a USA Today article released on October 30th. Doug Carroll of USA Today wrote that, “The downward trend means fewer workers getting laid off, adding to other… Read More

October 8, 2014 @ 7:58 am By Samantha Hurst  |  

American Homeowner Preservation (“AHP”) reached a milestone this week by helping its 500th borrower stay in their home and avoid foreclosure with a loan modification. To counter the devastation of the housing collapse, recession and foreclosure crisis, AHP crafted a socially-conscious business model that aims to get borrowers… Read More

July 18, 2014 @ 9:06 am By JD Alois  |  

The Council of Mortgage Lenders (CML) estimates that gross mortgage lending reached £17.5 billion in June. This is 4% higher than May (£16.8 billion), 17% higher than June last year (£14.9 billion) and the highest monthly figure since October last year (£17.6 billion). Gross mortgage… Read More

June 29, 2014 @ 6:04 pm By JD Alois  |  

National Family Mortgage states that  it has surpassed over $200 million in total loans funded.  Apparently loan velocity is increasing as well with June originations exceeding $15 million.  The young peer to peer company reached their first $100 million in July 2013 and has now doubled that amount in… Read More

June 5, 2014 @ 7:12 am By JD Alois  |  

UK based peer to peer lender LendInvest recently announced they are preparing to launch their secondary market for their P2P securities.  LendInvest, an early participant in the fast growing P2P industry, specializes in online lending for mortgages.  The fast growing firm has facilitated over £40… Read More

April 15, 2014 @ 8:53 am By JD Alois  |  

American Homeowner Preservation executes impact investing strategy to close investment pool 2013D, which includes many loans from the largest bankruptcy in U.S history- Lehman Brothers. American Homeowner Preservation (AHP) has shared that its second crowdfunded investment pool, 2013D, is now closed. In December, AHP closed… Read More

February 27, 2014 @ 1:52 pm By JD Alois  |  

American Homeowner Preservation (AHP) has acquired a pool of non-performing mortgages made to borrowers with Individual Taxpayer Identification Numbers (ITINs). The mortgages are secured by homes in more than eight states, with the greatest concentrations in Illinois and Indiana. AHP utilizes a real estate crowdfunding… Read More

November 16, 2013 @ 12:12 pm By Charles Luzar  |  

The advertisement at the right was run by a Chicago-based company called American Homeowner Preservation (AHP). The crowdfunding site allows accredited investors to purchase shares of distressed mortgage pools. The irony came when the ad at the right ran on Bankrate.com, a site that specializes… Read More

November 15, 2013 @ 10:55 am By JD Alois  |  

LendInvest, a United Kingdom based Peer-to-Peer (P2P) platform targeting the residential and commercial mortgages market recently revealed some interesting statistics regarding their portal.  The company launched crowdfunding operations this past May and has traded over £8.5 Million in loans.  From this empirical data, as reported… Read More