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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 global loan servicing software market is estimated to grow by $2.7 billion over the next four years, according to market research firm Technavio. The market is estimated to grow at a CAGR of almost 12.01% from 2024 to 2028, the firm says in a report. Billion From 2024 to 2028 appeared first on Appraisal Buzz.

Marketing 195
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Mortgage companies issue debt. Here’s why that’s a positive sign to the market

Housing Wire

Mortgage companies raising debt in the current high mortgage rates landscape is a sign that market conditions are improving, although a recovery from the downturn may come later than expected, analysts told HousingWire. The remainder will be used for market-growth opportunities. However, things are different this year, Kornfeld said.

Mortgage 459
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loanDepot concludes $500M debt extension

Housing Wire

million in senior notes due in the fourth quarter of 2025, resulting in new debt with a higher interest rate and a shorter maturity period than usually seen in the market for similar companies. million in aggregate principal of 2028 senior notes held by Artemis Management LLC. This includes $340.6

Investing 448
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Five Star Conference Launches With a Day of Learning

Appraisal Buzz

The all-day Broker Master Class got things underway, providing information needed to thrive as a broker in today’s market. During this session, FORCE members detailed how to deal with the challenges and difficulties associated with working in today’s REO market. 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. 26, 1929 – three days before Black Tuesday, the height of the stock market crash that sparked the Great Depression.) Mortgage rates have persistently hovered around 7%, taking their toll on the market.