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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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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. The depository is aiming to maintain at least 25% of its branches in LMI areas.

Investing 317
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Regions Bank places $1B bet on home renovation market

Housing Wire

Regions Bank is looking to make a big dent in the home improvement lending space , striking a deal to acquire EnerBank USA for $960 million in cash. billion as of March 31, 2021 and is one of America’s largest specialized home improvement lenders. billion in home improvement projects.

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Why Diversify? Multiple Streams, Multiple Dreams!

Appraisal Buzz

For at least ten good years, appraisers have had a flood of business. By the mid-2000s, I’d built up a large residential and commercial appraisal business with a partner and was now striking out on my own. The biggest question for me was: Do I even want to be in this business if this is how it’s going to be?

Clients 195
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The Loan Store launches a fast-funding HELOC in multiple states

Housing Wire

These funds can be utilized to consolidate debts or finance home improvement projects. This approach allows The Loan Store to offer same-day approvals and HELOC funding in as little as three business days after final approval. The TLS HELOC has a fully online application process, underwriting system, and valuation model.

Finance 323
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Fed’s Beige Book shows recent moderation in mortgage rates propped up demand for homes

Housing Wire

Moderation in mortgage rates led to a pickup in demand for residential real estate, but limited inventories across the country hindered actual home sales , the Federal Reserve reported in its Beige Book survey of regional business contacts that was published Wednesday. Residential construction costs started to moderate this period.

Mortgage 346
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This startup wants you to radically reimagine the local handyman

Housing Wire

Prabhakara identified busy families as his company’s target audience. But they rarely have a dedicated home maintenance professional, Prabhakara said. They want to upgrade their home in all the areas that bring them comfort and joy.”