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Home equity products light up a dark housing market

Housing Wire

The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. This is a watershed moment for many different reasons as now these [HEAs] can start to become more of a mainstream asset class that a significant number of investors will want to participate in.

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Change Lending loses CDFI certification

Housing Wire

Non-bank originator Change Lending lost its Community Development Fund Institution (CDFI) certification, according to a report from Barron’s. Department of Treasury CDFI Fund to specialized organizations that provide financial services to low-income communities and people who lack financing.

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Six Essential Steps to Commercial Real Estate Success

Cleveland Appraisal Blog

Working as a commercial real estate developer can be a lucrative career path for savvy entrepreneurs. Setting Yourself Up for Success in Real Estate Development. Perhaps the most important trait for a commercial real estate developer is the ability to identify an ideal piece of land. Image by Unsplash. Network to get funding.

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The crypto-mortgage is the new kid on the block

Housing Wire

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. The financing for the initial deal was handled through a cryptocurrency lender called Helio Lending.

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Housing industry jobs disappearing amid fears of a prolonged recession

Housing Wire

“Profitability is likely to remain very constrained well into 2023, until excess origination capacity in the industry declines materially,” Moody’s analysts said in a recent report on nonbank mortgage finance companies. . The company, a giant in the housing industry with a market cap of $32.8

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What happens when borrowers have more control of the lending process?

Housing Wire

She now leads advisory firm Housing Finance Strategies and is a member of FormFree’s board of directors. Lenders had no visibility into the actual financial state of borrowers requesting forbearance, and as a result many lenders and investors found themselves bearing additional risk. ” How it works.

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Fed retreat from MBS market sparks short-term uncertainty

Housing Wire

“It doesn’t make sense to start raising interest rates [to fight inflation] without running off their MBS portfolio,” said Laurie Goodman, vice president for housing finance policy and the founder of the Housing Finance Policy Center at the Urban Institute. You don’t know what investor demand is going to be.

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