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First Financial Bank to invest $700M by 2028 in affordable mortgages

Housing Wire

The deal that runs through 2028 includes more than $1 billion for community development lending and services, investments in affordable housing , revitalization and stabilization, and projects that create jobs in LMI areas. In its previous five-year plan, from 2018 to 2023, the bank invested $1.75

Investing 409
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Downes named president of Enterprise Housing Credit Investments

Housing Wire

billion affordable housing and community development investment platform,” according to an announcement from the company. “It These “have financed 2,800 developments, creating or preserving 200,000 affordable homes nationwide,” The company said.

Investing 431
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Operational efficiency is primary motivation for lenders to adopt AI: Fannie Mae

Housing Wire

The survey found that lenders’ motivation to adopt AI and ML for operational efficiency has increased significantly (73%) compared to 2018 (42%) when Fannie Mae conducted a survey on the same topic. About 22% of surveyed lenders responded they started deploying AI or ML on a limited or trial basis, a jump from only 13% in 2018.

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Change Lending to join Federal Home Loan Bank of San Francisco

Housing Wire

Change is a community development financial institution (CDFI) that is certified by the U.S. Since becoming a CDFI in 2018, Change has funded more than $25 billion in loans to more than 75,000 borrowers, the lender reported. We are excited to expand our impact and better serve our target market borrowers.”

Lending 421
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Figure Lending shifts to new operational umbrella

Housing Wire

Figure Technology Solutions will focus on developing and distributing its proprietary, technology-enabled platform to partners and investors in the home equity lending ecosystem, the fintech firm announced earlier this week.

Lending 421
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Class Valuation acquires AMC Valuation Connect

Housing Wire

According to Class, the two companies align on important issues, including culture, service, efficiency and technology development. This collaboration will allow us to accelerate the development of cutting-edge appraisal technology and deliver unmatched value.” Combining forces is going to be a win-win for all stakeholders.”

Valuation 410
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SERHANT. enters Orlando real estate market

Housing Wire

The Raumakers began their career in real estate in 2016 at Keller Williams before joining eXp Realty in 2018 and launching The Home Squad. “In A core focus for The Home Squad has always been agent development and empowerment, and we believe this mutual philosophy that we share with SERHANT. In SERHANT.,