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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. Change Lending was removed from the CDFI Fund’s list of certified program lenders last week, the outlet reported.

Lending 366
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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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LeadingRE promotes Reisinger to COO, Edgerton to Chief Legal Officer

Housing Wire

Edgerton moves up from her position of executive vice president of operations, which she’s held since 2018. Kate Reisinger was promoted to COO from EVP of member services Reisinger’s role will be to design and conduct the company’s operations. million global transactions a year.

Legal 364
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Change Lending keeps CDFI certification after agreement with US Treasury 

Housing Wire

Department of Treasury that would keep the firm certified as a Community Development Financial Institution (CDFI). The CDFI certification is a designation given by the Treasury Department CDFI Fund to specialized organizations that provide financial services to low-income communities and people who lack financing.

Lending 368
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With $150M in new funding, Endpoint plans to expand

Housing Wire

Since its founding in 2018, Endpoint has raised $220 million in capital. The Los Angeles-based startup was designed and developed in a collaboration with BCG Digital Ventures , a global corporate venture, investment and incubation arm of the Boston Consulting Group.

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Movement to pay $24M to settle underwriting government loans fraud case

Housing Wire

The Department of Justice’s settlement announcement on Thursday resolves a whistleblower lawsuit filed in 2018 by former underwriter Jennifer McNeil and former quality control team lead Ledell Javon Wilson in a federal court in the Northern District of New York under provisions of the False Claims Act. FHA is part of the HUD.

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Fannie Mae Changes 2018

Robinson Appraisal Group

The Market Conditions Addendum (Form 1004MC) is designed to enhance the transparency of the market trends and conditions conclusions made by the appraiser. The post Fannie Mae Changes 2018 appeared first on The Robinson Appraisal Group, LLC. So what is the 1004MC form?

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