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Easy credit flows to US landlords as lenders bet on rental market

Here is a short excerpt from an article I was interviewed in for Reuters by Peter Rudegeair. I only recently found out the article was actually published and my interview was used.

Oct 2 (Reuters) – Mortgage credit remains tight for most U.S. borrowers, but one group is having little trouble getting loans: landlords.

For example, at Boston-based real-estate lender Edward Voccola & Co. clients who borrow to buy rental properties must simply provide identification, the property address and the expected annual rent.

“That’s all I need,” says founder Edward Voccola. “These loans take a half an hour to do.”

You can find the rest of the article here.

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