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Mortgage tech firm TRAiNED hires two executives from Sales Boomerang

Housing Wire

hired two executives as it looks to take the company to its next phase of development. In 2017, Cunningham, de Jong and three others founded Sales Boomerang, an automated borrower intelligence and retention system for the mortgage industry. Mortgage tech firm TRAiNED Inc.

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Change Lending loses CDFI certification

Housing Wire

Non-bank originator Change Lending lost its Community Development Fund Institution (CDFI) certification, according to a report from Barron’s. The CDFI certification is a designation given by the U.S. Sugarman was the former chairman and CEO of Banc of California before resigning amid a SEC probe in 2017.

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Construction tech startup Modulous raises $11.5 million

Housing Wire

Main contributors to this round of funding included SFV , the venture arm of German real estate developer Patrizia ; Regal London , a U.K-based based real estate developer, CEMEX Ventures , the venture arm of construction giant CEMEX ; Blackhorn Ventures (U.S.); GroundBreak Ventures (Canada); Goldacre (U.K.); and Leela Capital (U.K.).

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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. But now a new threat is emerging on this front.

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Here’s a look at NAMB’s latest legislative efforts

Housing Wire

NAMB also developed a code of ethics, which was introduced to other states. The association broke down barriers with Freddie Mac, Fannie Mae and the Department of Housing and Urban Development and began testifying before Congress. They decided it was better to be part of the solution than to have one imposed on them.

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Amy Wallick Sworn in by Massachusetts Association of REALTORS® as 2024 President

Lamacchia Realty

Perhaps it’s the stunning beaches, swaying palm trees, Read More » The post Amy Wallick Sworn in by Massachusetts Association of REALTORS® as 2024 President appeared first on Lamacchia Realty.

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First American’s Paul Hurst on the allure of big tech ideas

Housing Wire

And what I witnessed is that the difference between a good product design engineering team and a great one is actually exponential. Our industry is always going to be cyclical and the resilience that the industry has developed in the last 24 months will pay dividends in the long run, even though in the short term it was pretty painful.