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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. Cincinnati-based First Financial Bank has agreed to direct $2.4

Investing 434
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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. And recent transactions show that there’s an appetite among investors for debt in the mortgage space.

Mortgage 459
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NerdWallet enters the mortgage broker world with acquisition of Next Door Lending

Housing Wire

Jonathon Haddad, chairman and CEO of the Association of Independent Mortgage Experts (AIME), is one of the owners of Next Door. The earnout will be reported as compensation expenses through 2028 and subject to continued employment with the company. The analysis includes first-lien mortgage originations. It is also offering $3.5

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

Housing Wire

ICE Mortgage Technology — part of Intercontinental Exchange (ICE) – will be offering lenders access to investment advisory advice in its Encompass loan origination system (LOS) through a partnership with Halcyon , a tech firm specializing in advanced data integration. “In

Clients 459
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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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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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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.” For us, this is much more than a rebrand of the initiative.

Design 459