News By Tag
News By Location
Follow on Google News
Private Placement Markets To Enter The Residential Mortgage Lending Industry
Steve Muehler, Managing Member of Private Placement Markets, Today Announced the Firm is Launching its "Portfolio Residential Mortgage Lending Division" the Summer of 2020.
By: Steve Muehler & Private Placement Markets
According to Steve Muehler, the latest Mortgage Credit Availability Index shows lenders are tightening their standards amid the coronavirus pandemic. Overall mortgage availability is now 16% lower than it was in February and at its lowest point since June 2015. The availability of conventional loans dropped 24.2% in March, while jumbo loan availability dipped 36.9%. Government loans, which include USDA, VA and FHA mortgages, fell 6.6%. these he stated are due to the stricter eligibility requirements that lenders are putting in place, as concerns surrounding the COVID-19 outbreak—and its economic impact on borrowers is growing.
Steve Muehler went on to point out that the lending guidelines for Primary and Second Owner Occupied Properties will closely resemble the lending guidelines of the Firm's Non-Owner Occupied Residential Loans, offering non-recourse style loans. The Firm stated it is in the midst of Regulatory Filings and anticipates a nationwide rollout in the Summer Months of 2020.
Additional Information can be found at: https://www.PPMLoans.com and https://www.PPMSecurities.com.
• Private Placement Markets Securities: https://www.PPMSecurities.com
• Private Placement Debt Markets: https://www.PPMDebt.com
• Private Placement Equity Markets: https://www.PPMEquity.com
• Private Placement Markets – Real Estate Loans: https://www.PPMLoans.com
• EquityLock Residential:
• EquityLock Commercial: https://www.EquityLockCommercial.com
Additional Online Resources:
About Mr. Steve Muehler, Founder & Senior Managing Member:
Personal Site: http://www.SteveMuehler.com
Personal Site: www.StevenMuehler.com
All trademarks and service marks are the property of the respective parties.
NEWS SOURCE: Private Placement Markets, LLC (a Delaware Limited Liability Company) & Mr. Steve Muehler
Steve Muehler & Private Placement Markets