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Evernest acquires Poplar Homes and $15M in tech-focused funding

Housing Wire

The acquisition follows more than 30 made by Evernest since the company arrived on-scene in 2008. Evernest already offers services including brokerage , maintenance, renovation, insurance and lending. The company will acquire tech-enabled property management platform Poplar Homes alongside $15 million in growth-centered funding.

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CFPB warns consumers about home equity contracts, comparing their features to reverse mortgages

Housing Wire

But the bureau added that many of the touted features of home equity contracts are risky, with the CFPB comparing them to loan features that were prominent in the run-up to the 2008 housing crisis. But HECM loans are insured and regulated by the FHA, and they are only available for homeowners who are at least 62 years old.

Contracts 370
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IMBs have a duty to serve lower-income communities

Housing Wire

Bank CRA obligations cover far more than their mortgage lending. IMBs have expanded because of the warehouse lending and short-term credit provided them by the nation’s depositories and because they can sell their loans into the government-guaranteed agency secondary market ( Ginnie Mae , Fannie Mae , Freddie Mac ).

Lending 516
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Ginnie Mae’s new liquidity standards are sorely needed

Housing Wire

Unlike lenders or servicers for Fannie Mae and Freddie Mac , Ginnie Mae issuers are responsible for passing along payments to investors after borrower equity, federal agency and mortgage insurance resources are exhausted. If those issuers fail, Ginnie Mae is ultimately responsible for making those investor payments.

Insurance 459
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How 2020 raised the stakes for the mortgage industry

Housing Wire

Sure, new online lending operations like SoFi, Better and a handful of others are taking advantage of their lack of traditional infrastructure. Digital lending is easier for companies that were born in the cloud. The cloud has helped to accelerate online and virtual processes extending into every step of the lending process.

Mortgage 434
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FHA’s HECM limit rises above $1.2 million in 2025

Housing Wire

. “I am delighted to see the HECM lending limit increase for calendar year 2025,” Irwin said in a statement to HousingWire ‘s Reverse Mortgage Daily (RMD). For several years, the reverse mortgage lending limit remained stagnant before rising in 2017 from $625,500 to $636,150. compared to third-quarter 2023.

Lending 370
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New York poised to expand CRA rule to nonbank lenders

Housing Wire

“Omitting non-depository lenders, who currently hold a substantial portion of the mortgage lending market, from CRA monitoring leaves communities vulnerable to fair lending abuses in the New York State residential loan market,” the bill states. The key to implementing non-QM products.

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