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Linsey Isaacs / Multi Family Executive / January 28, 2013
The tables have turned in the small loan space, and it’s a borrower’s market once more.
The competition between Fannie Mae and portfolio lenders is brewing, and many borrowers who might not qualify for some of Fannie’s strict guidelines will find it easier to explore the offerings from a credit union or bank instead.
For the last few years, Fannie Mae seemed like the be-all end-all in the small loan space, since many banks were still getting their houses in order in the wake of the Great Recession. But now, plenty of private-sector lenders are gaining traction, offering more flexible underwriting
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