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FAR parent updates investors on AAG integration, business performance

Housing Wire

The company also provides commentary for its fourth quarter 2023 financial performance, assesses its market advantages and offers an assessment of impacts stemming from changes in Ginnie Mae ’s Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program.

Business 365
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Many baby boomers live in “time capsules” that need renovations to age in place

Housing Wire

Fifty-five percent of surveyed baby boomers plan to remain in their existing homes as they age, but less than a quarter of those surveyed have any plans to renovate their homes to more safely and easily accommodate natural changes that come with aging.

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

Housing Wire

Magazine list of the 5,000 fastest growing private companies in America declined in 2023. It was ranked the 98th-fastest growing private company in America in 2023. Interestingly, none of the top three companies on the 2023 list made the cut in 2022. 658 in the 2023 Inc. The self-reported list ranks U.S. 5000 edition.

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First Financial Bank to invest $700M by 2028 in affordable mortgages

Housing Wire

The deal that runs through 2028 includes more than $1 billion for community development lending and services, investments in affordable housing , revitalization and stabilization, and projects that create jobs in LMI areas. In its previous five-year plan, from 2018 to 2023, the bank invested $1.75

Investing 317
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HUD awards more than $40M in housing counseling grants

Housing Wire

Department of Housing and Urban Development (HUD) on Tuesday announced that it is making $40.25 Such funding will also directly support the work of housing counseling offering required Home Equity Conversion Mortgage (HECM) sessions. million available to support housing counseling services for homeowners, homebuyers and renters.

Design 344
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Fed’s Beige Book shows recent moderation in mortgage rates propped up demand for homes

Housing Wire

The benchmark rate was last changed in July 2023, when it was raised to a range of 5.25% to 5.5%. Still, contacts emphasized that the number of units for sale stayed far short of what they considered a balanced market, and that a dearth of inventories had contributed to faster house price growth from 2022 to 2023.

Mortgage 346
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Why Diversify? Multiple Streams, Multiple Dreams!

Appraisal Buzz

This article is featured in the 2023 edition of the Appraisal Buzz Magazine. Developing multiple streams of income personally, as well from within your business, should always be a priority. Some other features we have in our magazine include Buzztoon comics, as well as crazy stories from appraisers and readers like you!

Clients 195