Nick Bhargava, co-founder and executive vice president of regulatory affairs at Groundfloor Financing, said the current lack of affordable housing inventory has caused real estate investors to look to fix and flip more properties.
Redwood said it will now aggregate bank statement loans, CPA-prepared profit-and-loss statements and debt service coverage ratio loans through its Aspire correspondent platform.
It will be the 11th issuance of its type by loanDepot.
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