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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. The CDFI certification is a designation given by the U.S. At least 60% of a lender’s financing must target low- and moderate-income borrowers or customers in underserved communities.

Lending 370
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Home equity products light up a dark housing market

Housing Wire

“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. billion, according to offering documents. The news is just as positive in the more traditional home equity sector of HELOCs and CESs.

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This global investment firm wants to become a non-QM rainmaker

Housing Wire

Minneapolis-based CarVal Investors , a global alternative investment manager and long-time player in the mortgage market, has launched a real estate mortgage investment conduit, or REMIC, that plans to work with loan originators around the country to develop and acquire innovative nonagency mortgage products.

Investing 383
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3 solutions to a gridlocked housing market

Housing Wire

Acra’s jumbo prime mortgage solution is designed to provide borrowers with the larger loan amounts needed to purchase a high-value property, with loan amounts up to $3 million. Fix n’ flip loans are ideal for investors and developers looking to purchase a home and renovate it. Fix’n’flip.

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The Fed pauses its rate hikes for now, will it last?

Housing Wire

Most investors are already wondering what it would take for the central bank to lift rates again later this year. of these investors bet officials will freeze the rate hike at the November 1st meeting. Raising interest rates is designed to tackle those still-high prices outside of the volatile food and energy sectors.

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How to write a lead-winning, memorable real estate agent bio (+ examples)

Housing Wire

Accreditations and designations Highlight your professional credentials and any special designations you’ve earned. Growing up in Savannah, Georgia, as the daughter of a builder and developer, she learned the processes involved in new home construction from her dad. Jane Doe specializes in luxury markets.”

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CRT protects GSEs, taxpayers from unexpected disasters

Housing Wire

After reading the recent report from the Federal Housing Finance Agency on the performance of Fannie Mae and Freddie Mac’ s credit risk transfer programs, anyone unfamiliar with the purposes of CRT might understandably conclude that the GSEs vastly overpaid capital market investors and insurance providers to transfer credit risk off their books.

Insurance 380