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Volume 2017 - Number 15

April 20, 2017

As the Home ‘Flipping’ Market Continues to Gather Steam, Lenders Plow New Ground by Using Third-Party Brokers

Two of the most active lenders in the fix & flip market Finance of America Commercial and CALCAP are coming off record years and are expanding their efforts by launching brokerage initiatives that could increase their volumes even more. Why now? asked Mark Filler, CEO of Finance of America Commercial. Were at the point where we have better pricing, better products and the market is strong. In 2016, FOAC known as Jordan Capital when it was acquired by nonbank mortgage giant Finance of America a few months ago originated...

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25 to 50 basis points.
51 to 100 basis points.
101 to 150 basis points.
North of 151 basis points. (We expect a lot.)
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