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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. First Financial Bank’s plan also includes investments in small-business lending and donations to organizations that create and preserve affordable housing.

Investing 320
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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. The remainder will be used for market-growth opportunities. However, things are different this year, Kornfeld said.

Mortgage 360
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WEIGHING SEATTLE’S FUTURE WITH FEWER OFFICES

Will Springer Realtor

The shock is felt across city leadership, office landlords and bankers who lend millions to property owners. 26, 1929 – three days before Black Tuesday, the height of the stock market crash that sparked the Great Depression.) Mortgage rates have persistently hovered around 7%, taking their toll on the market.