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Interfirst Mortgage raises $175 million

Housing Wire

Funds managed by Oaktree Capital Management , MFA Financia l, various family offices, and other strategic investors invested through a StoicLane’s special purpose vehicle, StoicLane said. But Interfirst’s tech bend has undoubtedly attracted some sophisticated investors. and former U.S.

Mortgage 402
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Opinion: Improving housing affordability without exposing homebuyers to more risk

Housing Wire

A homeowner’s largest life-of-loan costs are property taxes and recording fees ($29,675), fees paid to the mortgage-backed security (MBS) investor ($28,779), fees paid to the lender ($14,026), homeowner’s insurance ($9,279) and GSE fees (7,705). nationally since 2004 , according to industry financial statements.

Insurance 440
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Meet Kevin Sears, NAR’s latest president

Housing Wire

He has been an RPAC major investor since 2004 and has twice been inducted into NAR’s RPAC Hall of Fame. Deval Patrick and again in 2019 by Gov. Charlie Baker. In addition to serving his local and state Realtor organizations, Sears has served NAR in multiple roles over the years.

Realtors 421
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StoicLane has plans to create an appraisal giant

Housing Wire

The team co-founded several companies and, since 2004, they claim to have created $4 billion in equity value to investors. Goldstein founded StoicLane in September alongside Matt Foran and Jake Nice to invest in finance, insurance, and real estate businesses.

Appraisal 370
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Angelo Mozilo, the ‘face of the financial crisis,’ dies at 84

Housing Wire

He gained full control of the company in 2000, after Loeb’s retirement, and put it in growth mode, becoming the largest mortgage provider in America by 2004, surpassing Wells Fargo and Washington Mutual. Mozilo was president of the Mortgage Bankers Association (MBA) in 1991-1992.

Lending 370
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Home-equity investment pioneer Unison taps the secondary market

Housing Wire

San Francisco-based fintech company Unison recently completed a $443 million private-label offering backed by an emerging class of home-equity assets in which investors and the homeowners share in both the upside and downside of a property’s value over time. The total asset value of Unison’s REA assets now stands at $1.3

Investing 368
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Hot home-equity market fueling securitization deals

Housing Wire

All investors in the transaction were first-time participants in securitizations backed entirely by home-equity agreements [HEAs].”. Unison, launched in 2004, joins another California-based fintech competitor, Point , in pursuing efforts to tap the secondary market to create more liquidity for the financing of shared home-equity contracts.

Marketing 384