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The opportunity cost of modern-day redlining

Housing Wire

The true cost of redlining Lenders need to carefully evaluate their lending strategies to ensure that they are not unintentionally practicing redlining by neglecting MMCT and LMI neighborhoods, or they may face millions in penalties. From 2020 to 2030, the Urban Institute projects 8.5 million net new households.

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How to reach the growing segment of Hispanic American homebuyers in 2023

Housing Wire

By 2030, this growing sector will represent an estimated 56% of all new homeowners. Even with the introduction of more digital tools to provide home buyers with a technology-enabled user experience, Spanish-speaking borrowers often encounter obstacles to homeownership during the lending process. Across the U.S.,

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Rocket Mortgage breaks into the solar industry

Housing Wire

According to the Detroit-based company, it will be leveraging the same technology, data and client experience used in the mortgage, real estate and personal lending spaces “to help Americans make their home more energy efficient.”. PACE programs are also not regulated as heavily as other financial services, including mortgage lending.

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HW+ Member Spotlight: Josh Mettle

Housing Wire

Prior to NEO Home Loans, Mettle served as senior vice president, director of physician lending at Fairway Independent Mortgage Corporation. With over 20 years of mortgage experience, Mettle has dedicated his career to the mortgage industry. Josh Mettle: Inflation robs from the lender and gives to the borrower.

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Black Americans still face massive housing barriers

Housing Wire

.” Earlier this month, groups including the Department of Housing and Urban Development (HUD), the Mortgage Bankers Association, the National Association of Realtors, the National Association of Real Estate Brokers unveiled a plan to increase Black homeownership significantly by 2030.

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

Housing Wire

The company issued two tranches: the first tranche, of $800 million, is due in October 2028 with a 12% coupon, and the second tranche, of $500 million, is due in October 2030 with a 12.25% coupon. The volume was above the $1 billion expected in June when the company announced the offering, reflecting an oversubscribed deal.

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FAQs About Appraising Solar Panels

McKissock

For example, California’s goal is to be 33% renewable by 2020, 60% by 2030, and 100% by 2045. If the appraisal is completed for mortgage lending purposes, lenders are responsible for informing you of the accurate ownership structure of the solar panels. Across the U.S., 38 states plus Washington D.C.