Technology News

LoanMarket Launches Mortgage Loan Marketplace

Tuesday, April 07, 2009 5:03:00 AM PDT | VentureDeal Staff

Irvine, California  --  Financial services company announced the launch of a new online marketplace for buying and selling whole real estate mortgage note investments.

The company said that the mortgage notes available on its marketplace come from a variety of sellers including banks and lending institutions, mortgage originators, mortgage pool investors, seller carry back noteholders and small private investors.

“The market for buying individual mortgage notes from originating lenders has traditionally been available only to investors such as Wall Street investment banks, large hedge funds, and regional banks,” said LoanMarket.NET founder and President Jeff Freud, a 20-year real estate and mortgage industry veteran.

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