Further, lenders have raised their underwriting standards in the face of the economic downturn, which could limit how much of a stimulation interest rates will have on the housing market.Home Price Appreciation.

Interest rates would even like to be lower than they already are, but the economy has been subconsciously rearranging itself, borrowing more and more against the future in order to stimulate more growth in the present. 

Historically, when the bust comes, the preceeding boom had facilitated a certain storage of wealth somewhere within the economy that the government can draw down from to stimulate its way out. 

The tumble comes as the Federal Reserve holds its benchmark rate near zero and continues buying mortgage bonds as part of its plan to stimulate the economy.

Passive Investors in syndications (typically called Limited Partners or LPs) do not put up their credit or qualify for the financing, that's on the sponsors (aka General Partners or Syndicators) to handle.

From their perspective, if they have an investor club with a paywall, they can enforce some "standards" for their GPs and give newbie LPs some guardrails so that they don't get completely screwed.

In others continuing to stimulate the real estate markets.

FWIW, I am a syndicator and we confirm and double-confirm all banking information from our LPs, send the money, reconcile our books and send multiple emails both stating that the distributions have been made and for LPs to contact us if they have not received the distributions. 

And in the last Recession, austerity governments took over in Europe, opposed to spending money, toward stimulating an economy.

But yes, suddenly having that many LPs could be an nightmare for investor relations, but I know some people are essentially making eREITs this way.