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Japanese luxury-home developer plans U.S. IPO

Housing Wire

a developer of luxury single-family homes and condominiums, which also has residential leasing operations in Dallas, is looking to raise up to $30 million via the U.S. IPO to continue developing its business operations in Japan, to expand a startup online listing network and for general corporate purposes. stock market. stock exchange.

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New planning tool arrives as California prepares for more accessory dwelling units

Housing Wire

A private planning firm in California is launching a new tool to help local governments there prepare for a pending law designed to spur more construction of accessory dwelling units (ADUs). Permit applications for new units in California grew from less than 10,000 in 2017 to an estimated 30,000 in 2022.

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FHA proposes updates to reverse mortgage debenture interest rates

Housing Wire

The draft Mortgagee Letter (ML) “proposes updates to HUD’s calculations for the payment of debenture interest for HECM claims and establishes a process for retroactively adjusting the calculation of debenture interest for claims filed on HECMs that became due and payable on or after September 19, 2017,” FHA said in an announcement of the proposal.

Mortgage 443
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LoanSnap troubles continue as California revokes its lender license

Housing Wire

That policy, which is designed to protect consumers from lender fraud and financial risk, expired in early August. The firm offers “smart loans” using artificial intelligence and developed a cloud-based portal, LoanFlow , that aims to give mortgage brokers and loan officers the ability to originate loans anytime, anywhere.

Landlords 448
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Mortgage tech firm TRAiNED hires two executives from Sales Boomerang

Housing Wire

hired two executives as it looks to take the company to its next phase of development. In 2017, Cunningham, de Jong and three others founded Sales Boomerang, an automated borrower intelligence and retention system for the mortgage industry. Mortgage tech firm TRAiNED Inc.

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iHomefinder taps SaaS veteran Womack to lead sales team

Housing Wire

His LinkedIn profile also lists him as the founder and president of Riviera Bathers , a luxury swimwear design brand that launched in January. “In It was acquired in 2017 by FRONTSTEPS , a software platform for homeowners associations , homebuilders , Realtors and homeowners.

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Review of MMI Fund’s reverse mortgage book sheds light on evolving HECM

Housing Wire

Department of Housing and Urban Development (HUD) set the HECM limit at $625,500, an increase from $417,000. HUD extended that HECM limit through 2017, at which point it was modestly increased to $636,150. In 2009, the U.S. This will affect the loan termination and performance of current loans.”

Mortgage 434