A new type of mortgage launched by National Family Mortgage, a Massachusetts-based marketplace for peer-to-peer loans, is offering a homeowner’s own family, rather than a bank, the chance to receive tax-free cash borrowed against a home equity line of credit (HELOC), according to a recent story in the Washington Post…. Read More
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
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