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How one lender is innovating to make affordable housing more accessible

Housing Wire

Change is five years into its mission as a Community Development Financial Institution ( CDFI), a mission that has seen Change soar to become the nation’s largest non-QM lender. Since 2012, the average rate has been 7.7%. Since 2000, the average home appreciation rate has been 4.7%, according to the FHFA. million in 20 years.*

Lending 425
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The VA’s little-known program for Native American veterans

Housing Wire

from 2012 to 2021. The GAO’s report said that from 2012 to 2021, 91 loans were originated in Hawaii using the program. In the entire country, 180 loan originations resulted from the program from 2012 to 2021. The Department of Housing and Urban Development and the United States Department of Agriculture have similar programs.

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Pending home sales data crushes housing bears

Housing Wire

As we all know, the housing sector has extremely well-developed yet untalented Americans calling for a housing crash during the years 2012-2021. My concern was that people would overreact to that sales moderation and not know how to make COVID-19 adjustments to data. My job has always been to show you why this wasn’t the case.

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Nick Bailey out, Amy Lessinger in at RE/MAX

Housing Wire

Lessinger previously served as senior vice president of regional development at RE/MAX. In 2012, Bailey left the firm to take on a position at Market Leader , which was acquired by Zillow in 2014. In a release, RE/MAX noted that Erik Carlson is staying on as the CEO of parent company RE/MAX Holdings.

Agents 408
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Veteran sales executives part ways with Movement

Housing Wire

Schoolfield and Shelton joined Movement in 2012, were promoted as divisional leaders in February 2021, and landed at Summit in July. HousingWire reported that the Sacramento-based lender instituted a round of layoffs in late November 2022, affecting 72 employees , per a document filed with the state’s Employment Development Department.

Retail 370
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ConsumerDirect Mortgage rebrands as Real Genius, introduces new tech platform

Housing Wire

Jamie Thornton, director of online mortgage lending at Real Genius, said in a statement that the company has “invested a significant amount of time and resources” into developing technology for customers. Thornton founded Real Genius in 2012 as ConsumerDirect Mortgage, and the company was acquired by FirstBank in 2013.

Mortgage 367
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SitusAMC Integrates Assimilate Solutions’ Residential Mortgage Solutions

Appraisal Buzz

Founded in 2012, Assimilate has served the U.S. Assimilate’s IT outsourcing capabilities include product development, data intelligence and analytics, integration management, test. SitusAMC Holdings Corp. has incorporated Assimilate Solutions’ mortgage and IT outsourcing services into its SitusAMC brand.

Mortgage 195