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First Financial Bank to invest $700M by 2028 in affordable mortgages

Housing Wire

billion in the next five years for lending and investments to low- and moderate-income (LMI) clients and census tracts, with 30% of the total tied to mortgage lending. First Financial Bank’s plan also includes investments in small-business lending and donations to organizations that create and preserve affordable housing.

Investing 434
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NerdWallet enters the mortgage broker world with acquisition of Next Door Lending

Housing Wire

California-based personal finance company NerdWallet has struck a deal to acquire brokerage firm Next Door Lending. The earnout will be reported as compensation expenses through 2028 and subject to continued employment with the company. As part of the deal that closed Oct. As part of the deal that closed Oct. It is also offering $3.5

Lending 491
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Loan Servicing Software Market Estimated to Grow by $2.7 Billion From 2024 to 2028

Appraisal Buzz

The market is estimated to grow at a CAGR of almost 12.01% from 2024 to 2028, the firm says in a report. Demand for efficiency in lending operations is driving market growth, with a trend towards strategic partnerships and acquisitions between market participants. Billion From 2024 to 2028 appeared first on Appraisal Buzz.

Marketing 195
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loanDepot concludes $500M debt extension

Housing Wire

million in aggregate principal of 2028 senior notes held by Artemis Management LLC. Earlier this week, loanDepot announced the promotion of Viviana Abarca , who has worked for the firm for the past 11 years, to managing director of mortgage lending operations. This includes $340.6

Investing 448
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Mortgage companies issue debt. Here’s why that’s a positive sign to the market

Housing Wire

The company issued two tranches: the first tranche, of $800 million, is due in October 2028 with a 12% coupon, and the second tranche, of $500 million, is due in October 2030 with a 12.25% coupon. 18 that it priced an underwritten public offering of $50 million of its 8.50% senior notes due 2028.

Mortgage 459
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Five Star Conference Launches With a Day of Learning

Appraisal Buzz

trillion 2024-2028 commercial property inventory wave of loans coming due, which many are currently in default. The education continues Thursday with a deep dive into the commercial mortgage sector during the “Commercial REO Foreclosures with Chavez & Associates” session. This workshop will cover how to source and tap into the $2.94

Legal 397
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WEIGHING SEATTLE’S FUTURE WITH FEWER OFFICES

Will Springer Realtor

The shock is felt across city leadership, office landlords and bankers who lend millions to property owners. That means there will likely be no new traditional condo inventory in Seattle until 2028 at the earliest. Many businesses are shrinking their office footprint or simply moving out of pricy areas upon lease renewal.