Fix-and-flip lender California Capital Real Estate Advisors, Pasadena, late last month raised $10 million in capital through its CALCAP Income Fund 1. The company hopes to add at least $15 million more by the time September ends. Its eventual goal: to raise $100 million. Started by industry veteran Mark Mozilo and others in the wake of the financial crisis, the company’s forte is lending money to contractors who purchase homes and fix them up for a quick resale. In 2015 ...
Proponents of the mortgage interest tax deduction point out that the real estate and mortgage industries employ thousands upon thousands of workers with spillover to other sectors...
Originators were asked if TRID has affected their willingness to originate small loans. Roughly 53.8 percent said “no change,” while 46.2 percent said “yes, moderately.”
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