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

Housing Wire

Another $700 million is expected to be invested in mortgage lending, with a focus on rural areas, the development of community mortgage loan officers, small-dollar mortgages and home improvement loans, among other products for LMI borrowers.

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NAF rebrands initiative designed to boost Black homeownership

Housing Wire

Multichannel mortgage lender New American Funding (NAF) announced this week the relaunch of its initiative designed to recruit, educate and expand loan officer understanding around issues faced by borrowers of color as “ NAF Black Impact.”

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ICE Mortgage Technology’s Encompass to offer investment advisory advice for clients

Housing Wire

Through the partnership, loan officers can introduce their clients to an RIA within Encompass. Executives expect net revenue synergies of up to $125 million by 2028 largely through cross-sell opportunities.

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

Housing Wire

The earnout will be reported as compensation expenses through 2028 and subject to continued employment with the company. The Nationwide Multistate Licensing System (NMLS) shows that Michigan-based brokerage firm Next Door had 61 sponsored loan officers as of Thursday, along with four branches in Arizona, Nevada, Ohio and Texas.

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New American Funding Launches NAF Black Impact

Appraisal Buzz

NAF Dream launched in 2016, focusing on loan officer recruitment, education, and efforts to expand Black homeownership. To this end, NAF has committed to extending $20 billion in new mortgages to Black homebuyers by the year 2028. “We