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Creditors enable Airbnb to generate revenues from mortgages funding requests
One group of US banks is to enable home owners to include in their mortgages requests the revenue they generate by letting their real estate on Airbnb. The Airbnb has agreed with Fannie Mae and three creditors - Quicken Loans, Citizens Bank and Better Mortgages - on an effort to move funding into the era of the Giga Economics, where individuals are supplementing their incomes by leasing their houses.
The Airbnb will make a Proof of Income Statements available to its host banks which, along with other information on funding requests, can be obtained from the three creditors of persons wishing to release lower interest or capital. Airbnb co-founder Nathan Blecharczyk said: "We are always looking for new and better ways to strengthen our host communities, and we are confident that this will result in more investors in the near-term.
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