article thumbnail

Japanese luxury-home developer plans U.S. IPO

Housing Wire

a developer of luxury single-family homes and condominiums, which also has residential leasing operations in Dallas, is looking to raise up to $30 million via the U.S. IPO to continue developing its business operations in Japan, to expand a startup online listing network and for general corporate purposes. stock market. stock exchange.

article thumbnail

Movement Mortgage invests $200M into charter school network

Housing Wire

Retail lender Movement Mortgage has invested $200 million to expand its nonprofit Movement Foundation , and to accelerate the development of its growing charter school network. 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 393
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

DOJ and CFPB sue Colony Ridge over predatory lending practices

Housing Wire

Department of Justice (DOJ) and the Consumer Financial Protection Bureau (CFPB) sued the developer and lender Colony Ridge on Wednesday, alleging the company operated an illegal land sales scheme and made false statements targeting tens of thousands of Hispanic borrowers in Texas. between 2017 and 2021, per the lawsuit.

Lending 392
article thumbnail

McCargo appointed as CEO of FHLBank of San Francisco

Housing Wire

McCargo was the first Senate-confirmed president of Ginnie Mae since the resignation of her predecessor, Ted Tozer, who vacated the position just before the start of the Trump administration in early 2017. I am thrilled to be joining the Bank at this pivotal time,” she said.

Finance 322
article thumbnail

Federal Reserve fines Regions Bank $2.95 million for ‘unsafe’ flood insurance program

Housing Wire

Regulation H permits a state member bank to “make public welfare investments for the purpose of investing in, developing, rehabilitating, managing, selling, or renting residential property, provided that a majority of the units will be occupied by [ low and middle income] persons ,” according to the Fed.

Insurance 300
article thumbnail

loanDepot appoints Dan Hanson to newly-created executive role

Housing Wire

California-based loanDepot has appointed Dan Hanson to a newly-created role of executive director of enterprises partnerships and acquisitions as the company seeks to invest in profitable growth-generating initiatives, it announced on Thursday. The mortgage lender has had several changes to its leadership so far this year.

article thumbnail

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

Housing Wire

126 Transactly 3,852% 2017 Real estate transaction platform providing automation, integrations and tech-enabled services that significantly reduce process time. 193 CertifID 2,807% 2017 A company dedicated to fighting wire fraud for the real estate industry. Other established names to make the Inc. 4,105 FirstCloseFirstclose.