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FinLocker raises $17M in Series B funding round

Housing Wire

Louis-based developer of a leading white-label financial fitness and homeownership platform, announced the closure of a $17 million Series B funding round on Tuesday. The integration between search and valuation technology using computer vision and AI-powered tools will be strengthened by the new funding round, FinLocker executives said.

Tools 369
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Opinion: tools for landlords to help low-income tenants

Housing Wire

The federal Housing Choice Voucher (HCV) program is a powerful tool to help low-income families find apartments they can afford, but the program isn’t reaching its potential because far too few landlords participate in it. Why don’t landlords participate? Congress has helped, as well.

Landlords 379
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Rural America is losing affordable housing at a crisis pace

Housing Wire

Using a slightly different yardstick than USDA, HAC estimated in a 2018 report that Section 515 loan maturities will reach 191,607 units between 2016 to 2036 — and 416,396 units between 2016 and 2050.) The legislation would provide several tools to help stem the loss of Section 515 affordable-housing in rural America.

Tenants 474
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Nearly 40 housing tech firms make the 2023 Inc. 5000 list

Housing Wire

469 LoanStar Technologies 1,241% 2016 Enabling lenders to connect and lend to customers who are traditionally underbanked or unbanked. 769 InstaLend 766% 2015 A tech-enabled real estate loan lender providing fast and affordable capital to residential developers through streamlined technology and automated workflow.

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Trade groups warn of “unintended consequences” from proposed AVM rules

Housing Wire

But the trade groups are worried about the impact of quality control standards on the GSEs’ alternative valuation methods, such as desktop appraisal , since these tools are essential in times of high demand. When announcing the proposed rule, Vice President Kamala Harris weighed in.

Valuation 360
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Opinion: Is it time to bring Fannie and Freddie out of conservatorship?

Housing Wire

Bush, a Republican President, signing into law the HERA legislation , developed under a Democratic-controlled Congress. Since the program was turned on in 2016, $2.659 billion has been contributed by the Fannie and Freddie for the Housing Trust Fund. Late this month – July 30 – marks the 14-year anniversary of President George W.

Law 497
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Lenders, tech firms hire executives to navigate down market

Housing Wire

His extensive industry experience has allowed him to learn the challenges originators and consumers face in the home buying experience and he will work to develop solutions that improve and streamline the process for our franchisees and customers,” said Ward Morrison, president and chief executive officer at Motto Franchising and wemlo.

Marketing 368