Peer to Peer Mortgage Lending
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A specialization within the Social Lending sector.
Examples
From the Social Lending Watch blog:
"
- Circle Lending is a peer to peer lending site that facilitates mortgage loans among family and friends. The big difference between Circle Lending and other peer to peer lending sites is that it’s not a good option for investors, just family and friends who want to help out someone they actually know.
- There has been some media attention into the possibility for Prosper to facilitate small mortgages - those under $50,000 where other mortgage lenders can’t help.
- In addition, there is a new start-up which we wrote about, Equity sharing - Prosper for real estate, which uses a P2P lending model for mortgages."
(http://www.sociallendingwatch.com/2007/09/08/p2p-lending-in-a-credit-storm-an-analysis/)