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Analyst: HMBS 2.0 developments should benefit reverse mortgage industry

Housing Wire

Late last month, Ginnie Mae released a term sheet for one of the most anticipated new developments for the reverse mortgage industry — a new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product referred to as “ HMBS 2.0.” Wong is also a member of the company’s investment committee. I do think [HMBS 2.0]

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Japanese luxury-home developer plans U.S. IPO

Housing Wire

a developer of luxury single-family homes and condominiums, which also has residential leasing operations in Dallas, is looking to raise up to $30 million via the U.S. IPO to continue developing its business operations in Japan, to expand a startup online listing network and for general corporate purposes. stock market. stock exchange.

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Is technology the problem, not the solution, in the mortgage industry?

Housing Wire

Yet, despite significant investments in new technologies, the cost to originate loans has dramatically increased. Companies still grapple with cyclical hiring and firing, and the anticipated return on investment (ROI) from technology implementations still needs to be discovered. This step prevents the entrenchment of flawed processes.

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Opinion: Don’t let red tape strangle city development

Housing Wire

I grew up in Houston, and I’ve seen the benefits and the pitfalls of real estate development in perhaps the most lightly regulated city in the United States — a place where developers don’t fret about complex building regulations, because such regulations simply don’t exist. The results are uneven, but can be inspiring.

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This global investment firm wants to become a non-QM rainmaker

Housing Wire

Minneapolis-based CarVal Investors , a global alternative investment manager and long-time player in the mortgage market, has launched a real estate mortgage investment conduit, or REMIC, that plans to work with loan originators around the country to develop and acquire innovative nonagency mortgage products.

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HUD announces $175M funding opportunity for rental construction, renovation

Housing Wire

Department of Housing and Urban Development (HUD) on Monday announced a new $175 million notice of funding opportunity (NOFO) under its Continuum of Care (CoC) program, which will go toward the development of new rental housing units with “supportive services for people experiencing homelessness ,” the department explained.

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FGMC COO on why leaders invest in their greatest asset: their people

Housing Wire

My overall experience managing different channels has prepared me for the moments where we look critically at the market and decide where to invest or pull back. What is your company doing to develop the next generation of leaders? SG: Investing in our Mortgage Mavericks is a top priority for FGMC.

Investing 373