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How is this possible in the US ? I run a lending startup in India, but you can't own paper until you have a regulatory license from the central bank. Our licens
by sandGorgon 8y ago
How is this possible in the US ? I run a lending startup in India, but you can't own paper until you have a regulatory license from the central bank.
Our license took 18 months - including extensive background checks, interviews,etc.
Can any individual buy mortgages and become a lender in the US ?
- clintonb 8y agoThere is a difference in the U.S. between lending, loan servicing, and simply holding onto debt. All three have different regulations, in decreasing order of regulatory burden. The people in the article are not lenders. They are buying loans and acting as mortgage services (e.g. making sure people pay their debt every month).