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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
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Reimagine common space, foster community in multifamily design

Inman

Thoughtfully designed common spaces in multifamily communities, Michael Zaransky writes, strengthen resident engagement, deepen the sense of belonging and, ultimately, enhance retention.

Design 163
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State Farm makes strategic investment in Proof’s digital verification tools

Housing Wire

State Farm Ventures , the investment arm of State Farm , has made a strategic investment in digital identity verification provider Proof. The investment aims to advance Proofs technology to combat identity fraud and automate traditionally paper-intensive business processes. An amount for the investment was not disclosed.

Tools 190
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Mortgage servicing startup Valon raises $100M in Series C funding round

Housing Wire

The latest investment — led by New York investment firm WestCap and Silicon Valley venture capital giant Andreessen Horowitz — brings the total amount of capital raised by Valon to $230 million since its launch in 2019. Valon founder and CEO Andrew Wang has emphasized the company’s focus on innovation from day one.

Mortgage 448
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FOA seeks to ‘modernize’ reverse mortgage outreach efforts to seniors

Housing Wire

It also wants to widely deploy refreshed marketing strategies that are designed to both educate and appeal to older homeowners about the use of home equity in retirement. As the campaigns and team mature, insights gained will inform our growth strategy and investments for a digital-first channel next year and beyond,” Sieffert said.

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HUD announces $72.6M in new Native American community grants

Housing Wire

We continue to make strong community development investments in Indian country, HUD acting secretary Adrianne Todman said in a statement. The exam is designed to include adjustments for distinctions in fair housing laws pertaining to Tribes and the unique status of trust land, the department explained in June.

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Knox Financial launches new investment property products

Housing Wire

Boston-based real estate investment proptech Knox Financial announced Monday it is launching new products on its platform that will help homeowners transform their homes into investment properties. The product is designed specifically for homeowners who require in-hand leases to qualify for mortgages on new home purchases.

Investing 435