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Can single-family rental mortgages replace disappearing refis?

Mon March 27, 2017

Originating mortgages for landlords of single-family rental properties could help lenders fill the gap of waning refinance volume.

Single-family homes account for about 60% of the total rental market, with apartment buildings accounting for the remaining inventory, said Rodrigo Lopez, executive chairman of multifamily originator Northmarq Capital, during a residential lending panel at the Regional Conference of Mortgage Bankers Association in Atlantic City, N.J. It’s one of many new opportunities lenders are exploring to make up for lost refinance volume.

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