Housing Wire

JANUARY 10, 2024

Enterprise Community Partners announced on Wednesday the appointment of Kari Downes to the position of president at its housing credit investments business, effective April 1. Downes, who currently serves as Enterprise Housing Credit Investments EVP, will succeed current president Scott Hoekman who has spent the past 30 years at Enterprise.

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Housing Wire

JULY 19, 2024

“A national secondary market for construction financing could allow lenders, like state housing finance agencies and banks, to provide the investment capital needed to get multifamily housing projects built and keys in families’ hands.” This could make the overall cost to entry — which is already low — more digestible.

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Housing Wire

SEPTEMBER 7, 2022

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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Housing Wire

JANUARY 30, 2024

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. First Financial Bank’s plan also includes investments in small-business lending and donations to organizations that create and preserve affordable housing.

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Housing Wire

NOVEMBER 9, 2023

Redwood Trust and home equity fintech lender Point have closed on a $139 million bond secured by 1,577 home equity investment (HEI) contracts. In October, Unlock Technologies , another home-equity investment firm, and Saluda Grade , a private real estate investment firm, completed the first-ever securitization rated by DBRS Morningstar.

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Housing Wire

JULY 8, 2024

Today more than ever, real estate investors and developers need reliable lending partners who are agile and can provide certainty of execution to solve their complex financing needs,” Miller said in a statement. The firm is also a major investor in Hometap , one of the larger players in the home equity investment space.

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Housing Wire

MAY 13, 2024

Residential sale-leaseback platform EasyKnock has acquired the assets of home equity investment firm HomePace , the company exclusively told HousingWire on Monday. Cianciolo will serve as head of business development, Graf as senior vice president of operations and Joerg as chief investment officer.

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Housing Wire

MARCH 2, 2022

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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Housing Wire

APRIL 11, 2024

Editor in Chief Sarah Wheeler sat down with Scott Smith, interim CEO at Optimal Blue , to talk about the right tech investments to make now and how the company plans on keeping its customers for life. We have a pretty strong investment being part of Constellation Software now. Sarah Wheeler: What differentiates your tech? 1 provider.

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Appraisal Buzz

JUNE 25, 2024

Paul Nicholson has joined The Amherst Group , a real estate investment, development and operating platform specializing in residential assets, as deputy chief investment officer. Photo: Cytonn Photography The post The Amherst Group Taps Paul Nicholson as Deputy Chief Investment Officer appeared first on MortgageOrb.

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Housing Wire

JANUARY 24, 2024

New Jersey-based TD Bank has decided to invest $10 billion in affordable homeownership initiatives by 2027, including providing loans and liquidity to the residential lending market. billion in community development loans and other investments, including affordable housing projects. New York, Miami and Philadelphia markets.

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Housing Wire

DECEMBER 22, 2020

Retail lender Movement Mortgage has invested $200 million to expand its nonprofit Movement Foundation , and to accelerate the development of its growing charter school network. The post Movement Mortgage invests $200M into charter school network appeared first on HousingWire. At the time, Movement expected the deal to add $1.5

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Housing Wire

SEPTEMBER 5, 2024

In this executive conversation, Steven Katz, Executive Vice President and Chief Investment Officer of Residential Financing at Arbor Realty Trust, shares his thoughts on the burgeoning build-to-rent (BTR) market. Many tenants living in BTR communities may also own a BTR investment property while renting a BTR property themselves.

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Tenants Investing Marketing Construction 462

Housing Wire

NOVEMBER 23, 2021

The Neighborhood Homes Investment Act (Neighborhood Homes) would begin addressing these challenges by developing or renovating 125,000 affordable homes in economically distressed communities. The post Opinion: Pass the Neighborhood Homes Investment Act appeared first on HousingWire.

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Housing Wire

OCTOBER 27, 2024

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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Appraisal Buzz

JUNE 4, 2024

Department of Housing and Urban Development (HUD) has announced $44 million in Fiscal Year (FY) 2023 funding for the Family Self Sufficiency (FSS) Program and the Resident Opportunity and Self-Sufficiency (ROS) Service Coordinator Program. This three-year grant will help pay for service coordinators at target developments.

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Housing Wire

MARCH 23, 2022

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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Inman

MAY 10, 2024

According to NAHB, multifamily developers are feeling less confident in the market for new builds as high interest rates lead to difficult lending conditions.

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Inman

JUNE 17, 2024

The luxury developer has gambled by purchasing exclusive properties across the U.S. and further developing them into elite and expensive residences. Sales thus far don't clearly show that the gamble will pay off.

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Housing Wire

JULY 16, 2021

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.

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Housing Wire

OCTOBER 17, 2024

The Federal Home Loan Banks (FHLBanks) saw significant growth in support of affordable housing and community development in 2023, according to a report released Thursday by the Federal Housing Finance Agency (FHFA). FHFA Director Sandra Thompson lauded the development in a statement accompanying the report.

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Inman

JANUARY 29, 2024

The developer was once considered too big to fail, but it over-borrowed and was hurt by China's weakening property market.

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Appraisal Buzz

SEPTEMBER 25, 2024

Discover how to invest in the proper chances to develop your real estate portfolio and learn how to leverage your existing abilities to tap into alternative cash streams. First Lien Capital’s CEO and Chief Investment Officer, Bill Bymel, gave the keynote speech.

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Housing Wire

OCTOBER 23, 2024

I am driven to develop organizational cultures focused on customer service, competences, and skills. She will also guide MBA’s long-term investment strategies, some of which include technology ; diversity, equity and inclusion (DEI) initiatives; and workforce development. “I

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Housing Wire

APRIL 8, 2021

When concern about the economy is high, investors gravitate toward safe-haven investments like Treasury bonds and mortgage bonds, pushing bond prices higher but the yields on those bonds lower.”. The post Developing a lending strategy for rising mortgage rates appeared first on HousingWire. this year.

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Housing Wire

FEBRUARY 16, 2022

Examine previous transactions with a lender, such as funding renovations on investment property, to better understand the lender’s experience with diverse real estate projects. Developing a relationship with a potential private money lender is a two-way street. Make a list of potential lenders.

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Housing Wire

NOVEMBER 14, 2024

mortgage lender, has hired a team of former Pennymac Financial Services executives to lead its capital markets and investment-related activities. On Wednesday, CCM announced Vandad Fartaj as the chief investment officer, William Chang as chief capital markets officer, and Tom Rettinger as chief portfolio risk officer.

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Housing Wire

MARCH 25, 2021

Rocket Companies chairman Dan Gilbert is making another massive investment in Detroit. The billionaire mortgage mogul’s family foundation and Rocket’s community fund on Thursday announced a combined $500 million philanthropic investment in Detroit neighborhoods over the next decade.

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Investing Property Taxes Tenants Mortgage 370

Inman

JUNE 4, 2024

After a generationally high apartment construction boom, some developers are now finding that the economics no longer make sense on in-progress projects.

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Housing Wire

JULY 13, 2023

AG Mortgage Investment Trust, Inc. entered into a dispute with Terra Property Trust, Inc. for Western Asset Mortgage Capital Corp., the company announced on Thursday. AG Mortgage, a pure-play residential mortgage REIT controlled by Angelo Gordon & Co. million net loss for the second quarter that ended June 30, 2022.

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Investing Mortgage Property Management Investors 354

Housing Wire

JULY 13, 2022

ESG investing — that is “environmental, social and governance” money management — goes by many monikers. Some call it “sustainable investing,” others “impact investing.” The United Nations, which coined the term two decades ago in the wake of the Enron and Exxon Valdez scandals, sometimes refers to it as “inclusive investing.”

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Investing Mortgage Investors Transportation 378

Housing Wire

OCTOBER 21, 2021

The nation’s network of Federal Home Loan Banks (FHLBanks ) expects to be required to increase its share of investments in affordable housing. According to Bazemore, the Federal Home Loan Bank of San Francisco invested over $1 billion in the affordable housing program since its creation. Catherine Cortez Masto (D-NV) and Rep.

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Investing Development Finance Technology 366

Appraisal Buzz

OCTOBER 12, 2021

New Residential Investment Corp. Genesis, who offers various funding options to the nation’s top residential single- and multi-family real estate developers, is set to originate about $2 billion in loans this year and has originated over 12,000 loans since 2014.

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Boston Appraisal

APRIL 18, 2024

Mixed-use developments, which integrate residential, commercial, and sometimes industrial components within a single project, represent a modern approach to urban planning. Challenges in Appraising Mixed-Use Developments Complex Valuation Models : Mixed-use properties require appraisers to be adept in multiple valuation methods.

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Development Appraisal Valuation Retail 78

Housing Wire

MARCH 24, 2021

The Mortgage Bankers Association on Tuesday sent a letter to Treasury Secretary Janet Yellen and Federal Housing Finance Agency Director Mark Calabria expressing concern over several amendments to the Senior Preferred Stock Purchase Agreements announced in January , including changes to investment properties.

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Housing Wire

AUGUST 19, 2024

Those areas that I’m now developing I grew up in. I remember what it’s like to have slumlords,” said Jermaine Morgan, a Columbus, Georgia-based local community developer who purchases distressed property at auction. “I For most Auction.com buyers, their motivations for investing in real estate are twofold. Of nearly 850,000 U.S.

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Renovations Development Buyers Investors 476

Housing Wire

SEPTEMBER 4, 2024

New York City -headquartered investment firm Pretium Partners announced Wednesday that it has hired two new managing directors as its seeks to bolster its real estate debt strategy. He had a particular focus on residential developers and homebuilders. The firm hired Brendan Bosman, a former senior managing director and head of U.S.

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