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

Housing Wire

billion in the next five years for lending and investments to low- and moderate-income (LMI) clients and census tracts, with 30% of the total tied to mortgage lending. In its previous five-year plan, from 2018 to 2023, the bank invested $1.75 Cincinnati-based First Financial Bank has agreed to direct $2.4

Investing 417
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loanDepot concludes $500M debt extension

Housing Wire

million in principal for new notes guaranteed by, among other things, $60 million in nonagency mortgage servicing rights (MSR) and a securities account holding of $100.6 million in aggregate principal of 2028 senior notes held by Artemis Management LLC. Investors representing 96% of the old notes tendered and accepted the transaction.

Investing 430
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Mortgage companies issue debt. Here’s why that’s a positive sign to the market

Housing Wire

Mortgage companies raising debt in the current high mortgage rates landscape is a sign that market conditions are improving, although a recovery from the downturn may come later than expected, analysts told HousingWire. And recent transactions show that there’s an appetite among investors for debt in the mortgage space.

Mortgage 441
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Five Star Conference Launches With a Day of Learning

Appraisal Buzz

The education continues Thursday with a deep dive into the commercial mortgage sector during the “Commercial REO Foreclosures with Chavez & Associates” session. trillion 2024-2028 commercial property inventory wave of loans coming due, which many are currently in default. This workshop will cover how to source and tap into the $2.94

Legal 397