Goldman Sachs is getting into the Fix-and-Flip Game

[Scott Hollister]

What does it mean when Goldman Sachs is getting into fix-and-flip loans? 

• They are buying Genesis Capital ("Who issued $1 Billion in loans last year, up from $50 million in 2013")
• The article went to say that bigger institutions are taking note. Wells Fargo and JPMorgan Chase extended credit lines to fix-and-flips lenders. Has anyone used or heard of this? 
• Will we see tighter guidelines with Genesis on their lending criteria due to acquisition by a "Wall Street Giant"? 

Orignial article