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Construction tech startup Modulous raises $11.5 million

Housing Wire

Seattle and London-based construction technology company Modulous has raised $11.5 based real estate developer, CEMEX Ventures , the venture arm of construction giant CEMEX ; Blackhorn Ventures (U.S.); based real estate developer, CEMEX Ventures , the venture arm of construction giant CEMEX ; Blackhorn Ventures (U.S.);

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Houston must return $45M in unused affordable housing funds

Housing Wire

Despite recent data indicating a poor affordable housing situation in Texas , the city of Houston must return $45 million in unused affordable housing funds to the state after failing to use them for construction of new homes. Instead, the city failed to begin construction on the homes in a timely manner.

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American Pacific Mortgage names Bill Lowman chairman of the board

Housing Wire

Lowman has been with the lender for more than 21 years starting from managing a founding branch to being promoted as president in 2004, CEO in 2017 and vice chairman earlier in 2023. “I I look forward to driving APM forward in the new year and turning the challenges into opportunities in 2024 and beyond,” Lowman said.

Retail 431
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Movement Mortgage invests $200M into charter school network

Housing Wire

Funds will also support the construction of “Hope Centers” in Central America, which provide health, counseling and Christian faith-based services in developing countries. Movement Mortgage built its first charter school in 2017. In 2018, the direct lender laid off nearly 200 employees amid a drop in business.

Investing 407
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Opinion: Agencies are key to fixing housing affordability

Housing Wire

In the 2017 tax bill, caps on state and local tax (SALT) deductions and a boost in the standard deduction eviscerated the mortgage interest deduction, ending its use for all but the wealthiest homebuyers. Congress is gridlocked, so enactment of these initiatives is highly unlikely.

Sellers 465
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M&T RCC’s Christine Chandler nominated as MBA vice chair for 2024

Housing Wire

Additionally, Chandler has served as a relationship manager in the company’s commercial real estate division, focusing on construction and permanent portfolio lending. She also worked as a senior Fannie Mae DUS underwriter and held various roles managing the closing and delivery for FHA and Ginnie Mae transactions.

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Homes in Boise, Idaho are “flying off the market”

Housing Wire

Barbara Dopp, a Realtor with Keller Williams, Agents with a Smile , said that a homeowner who built a house in 2017 for $600,000 recently put it back on the market starting at $900,000. “We New construction continues to take more and more of our market,” Dopp said. The property sold for $320,000 higher than the highest comp.”.

Marketing 534