News Updates

Housing Industry Responds to Calls for Housing Finance Reform

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On March 27, President Trump signed a memorandum issuing “overdue reform of the housing finance system” and calling for an end of the conservatorship of Fannie Mae and Freddie Mac. The move was announced during the second day of Senate Banking Committee hearings on GSE reform. According to the president’s directive, the Department of Housing and Urban Development and the Treasury Department will be tasked with drafting proposals for reform,

PeerStreet Completes Software Integration with Liquid Logics

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PeerStreet, a platform for investing in real-estate backed loans, has completed a system integration with Liquid Logics’ loan origination software platform. The move is in line with PeerStreet’s mission to build a stronger, more modern and more transparent marketplace for private lenders and accredited investors. Approved lenders can submit loan information and documents directly to PeerStreet for evaluation—and potential sale—with a single click, streamlining the loan submission process. “By creating

Higher Contribution Limits for Self-Directed IRAs

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The IRS has announced an increase in the amount of allowable contributions for Self-Directed IRAs for 2019. Traditional IRAs, including Self-Directed IRAs, saw increases from $5,500 in allowable contributions to $6,000 per year. The same was true for Roth IRAs, which includes Self-Directed Roth IRAs. The annual catch-up contribution allowance for those aged 50 and older remains unchanged for the tax year 2019. The change marks the first increase in

Measurabl Raises $18 Million for Expansion

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Measurabl, providers of software for commercial real estate ESG (environmental, social, governance) data management, has closed $18.7 million in Series B funding. Sway Ventures led the round after participating in the Series A. Other repeat investors include Salesforce Ventures and real estate technology specialists Camber Creek, who led the Series A, Building Ventures, Concrete Ventures, Impact Engine and DivcoWest. Major new investors included Constellation Technology Ventures, the venture investing arm

ALTLOAN Announces Partnership with New Capital Markets Company

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ALTLOAN, a dba of BM Real Estate Services, has announced a new capital market partner that will enable the company to widen its non-QM product menu. “Our new partner is able to provide the back-end infrastructure and operating expertise that complements our online pricing eligibility engine and self-service loan portal for Non-QM (non-agency and hard money) mortgage financing,” said Blake Scheifele, ALTLOAN’s co-president. Product offerings include jumbo prime, portfolio full

New CTO for Renters Warehouse

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Renters Warehouse has hired Todd Jable as the company’s chief technology officer. Kevin Ortner, CEO of Renters Warehouse, said, “With his technology background coupled with single-family rental industry experience, Todd is a big addition to our leadership team. He has a great vision on where we can take not only our internal systems, but how we can shape and further improve our client experience through consumer-facing technology and tools.” As