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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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Blue Sage Solutions launches digital servicing platform

Housing Wire

Software development company Blue Sage Solutions has launched a new servicing platform that merges loan origination and servicing functions using API-based technology. Founded in 2011, the company is headquartered in Englewood Cliffs, New Jersey.

Retail 366
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Supreme Court rejects challenge to CFPB funding structure

Housing Wire

The CFSA and other groups challenged the constitutionality of the CFPB’s funding structure in a case that threatened to undermine actions the bureau had taken since its founding in 2011. This is a developing story. The CFPB maintains regulatory enforcement authority over a wide swath of U.S.

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SimpleNexus secures $108 million in Series B funding round

Housing Wire

The Utah-based software developer offers a private-label digital mortgage platform and mobile app designed to connect lenders with borrowers and real estate agents. In fact, prior to founding SimpleNexus in 2011, CEO Matt Hansen worked on the Simplifile development architecture team for nearly five years.

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Regulatory costs add nearly $94K to new home prices

Housing Wire

Of that $93,870, $41,330 is attributable to regulation during development, and $52,540 is due to regulation during construction. The study was filed out by 2,071 NAHB members and 57 developers, and nearly all of the builders — 98.9%, per the study — reported experiencing some type of regulatory cost during construction.

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Reverse mortgage originator: real estate CE helps close more purchase loans

Housing Wire

Mangus then worked to build the dedicated reverse mortgage department at his new company from scratch and has found a notable degree of success by building Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business through the use of continuing education (CE) classes designed for licensed real estate agents. Curtis Mangus.

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Fannie Mae pays $53M to settle recession-era discrimination suit

Housing Wire

In 2011, Fannie Mae repaired 89,800 such properties, and sold 244,000. As part of the settlement agreement, Fannie Mae will pay $53 million, $35 million of which will go toward access to credit, property rehabilitation, residential development in African American and Latino communities and fair housing education, counseling and outreach. “We