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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. Cincinnati-based First Financial Bank has agreed to direct $2.4

Investing 409
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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 431
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ICE Mortgage Technology’s Encompass to offer investment advisory advice for clients

Housing Wire

ICE Mortgage Technology — part of Intercontinental Exchange (ICE) – will be offering lenders access to investment advisory advice in its Encompass loan origination system (LOS) through a partnership with Halcyon , a tech firm specializing in advanced data integration. “In

Clients 431
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ICE envisions an unstoppable ‘life-of-loan’ platform with Black Knight acquisition

Housing Wire

FTC sued ICE earlier this year alleging the two top mortgage technology providers would drive up costs, reduce innovation and limit lenders’ choices for mortgage origination tools. That represents roughly 15 to 20% market share of annual loan volume that we think we’re going to have a great opportunity,” Jackson said.

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Down Payments: Bigger Isn’t Always Better

Will Springer Realtor

Rising home prices can keep thousands of first-timers out of the market unless they are using a low down payment. The math: 4% a year x 5 years = 20% price appreciation; 20% of $800,000 is $160,000, or $960,000 for the same home in 2028 x 3.5% = a down payment of $33,600.

Buyers 36