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

Housing Wire

The deal that runs through 2028 includes more than $1 billion for community development lending and services, investments in affordable housing , revitalization and stabilization, and projects that create jobs in LMI areas. On Jan.

Investing 434
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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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Some say Austin’s rental market might collapse. That’s not reality

Housing Wire

But the narrative is more complex in niche markets like the Texas capital of Austin. Social media posts have fueled speculation that Austin’s rental market is in freefall. Gerli told HousingWire in an emailed response that normalizing market conditions would be indicated by a slow and gradual decline in rents.

Marketing 370
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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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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. Chen believes the acquisition “will enable us to build deep and reoccurring relationships with consumers and take more market share while improving mortgage unit economics.” As part of the deal that closed Oct.

Lending 491
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ICE Mortgage Technology’s Encompass to offer investment advisory advice for clients

Housing Wire

In the current market where the refi boom has dried up and interest rates are sky high, most home purchases are being driven by life events that come with other financial considerations. Executives expect net revenue synergies of up to $125 million by 2028 largely through cross-sell opportunities.

Clients 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