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With $150M in new funding, Endpoint plans to expand

Housing Wire

Since its founding in 2018, Endpoint has raised $220 million in capital. The Los Angeles-based startup was designed and developed in a collaboration with BCG Digital Ventures , a global corporate venture, investment and incubation arm of the Boston Consulting Group.

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SimpleNexus secures $108 million in Series B funding round

Housing Wire

The Utah-based software developer offers a private-label digital mortgage platform and mobile app designed to connect lenders with borrowers and real estate agents. Tuesday’s most recent round of funding was led by Insight Venture Partners , who had in 2018 invested $20 million into SimpleNexus, and is no stranger to housing startups.

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GSEs Seek Input on Duty to Serve Plans

Appraisal Buzz

Department of Housing & Urban Development (HUD) and U.S. Additional initiatives that Freddie Mac noted included the financing of more than 46,000 manufactured homes titled as real property from 2018-2023, providing more than $6.7 Census Bureau, the nation’s manufactured housing market provides affordable housing to nearly 6.7

Finance 390
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LeadingRE promotes Reisinger to COO, Edgerton to Chief Legal Officer

Housing Wire

Edgerton moves up from her position of executive vice president of operations, which she’s held since 2018. Kate Reisinger was promoted to COO from EVP of member services Reisinger’s role will be to design and conduct the company’s operations. million global transactions a year.

Legal 418
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HUD ends silence on targeted lending programs

Housing Wire

The Department of Housing and Urban Development (HUD) on Tuesday resolved uncertainty around special purpose credit programs, 45 years after Congress allowed lenders to tailor products to groups that have historically been excluded from homeownership. In a legal memo, HUD stated that SPCPs are allowed under the Fair Housing Act.

Lending 468
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Change Lending loses CDFI certification

Housing Wire

Non-bank originator Change Lending lost its Community Development Fund Institution (CDFI) certification, according to a report from Barron’s. The CDFI certification is a designation given by the U.S. Change Lending was removed from the CDFI Fund’s list of certified program lenders last week, the outlet reported.

Lending 370
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Change Lending keeps CDFI certification after agreement with US Treasury 

Housing Wire

Department of Treasury that would keep the firm certified as a Community Development Financial Institution (CDFI). The CDFI certification is a designation given by the Treasury Department CDFI Fund to specialized organizations that provide financial services to low-income communities and people who lack financing.

Lending 435