Remove Development Remove Insurance Remove Investors Remove Lending
article thumbnail

FAR parent updates investors on AAG integration, business performance

Housing Wire

Last July, the company sold its title insurance business to Essent Group , followed by strategic changes in September including a transition of its offshore-based operations to a team in the Philippines and the sale of “certain operations” of its home improvement lending business to Aqua Finance.

Business 405
article thumbnail

How to vet private money lenders for real estate investing

Housing Wire

In today’s competitive real estate market, an increasing number of real estate investors are turning to private money lenders to help them close deals faster, enhance property valuations, and increase their returns. If your state requires a lending license, make sure a the lender is licensed. Escrow officers and title agents.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Home equity products light up a dark housing market

Housing Wire

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

article thumbnail

Ex-chief of staff accuses The Change Company of “mischaracterizing loans” 

Housing Wire

Bush and a vice president at Goldman Sachs before starting at the lender in 2021, listed several alleged violations related to lending practices. Investors looking to support low-income families would not purchase the lender’s loans if they knew they were provided to wealthy individuals or celebrities, the lawsuit states.

Investors 343
article thumbnail

Blend is now worth $4.6B. Now what?

Housing Wire

The IPO gives the cloud-based software company the ammunition to grow market share , develop new products and dive deeper into various sectors within fintech, including consumer banking and auto. Over the last two years, Blend has acquired its own mortgage insurance firm and title insurance firm (the latter in a $422 million deal).

Insurance 384
article thumbnail

Wells Fargo to pay $250 million for “reckless practices”

Housing Wire

Wells Fargo has been slapped with a $250 million civil money penalty by the Office of the Comptroller of the Currency for “unsafe or unsound practices” pertaining to their home lending loss mitigation program this week. As the housing market changes, so does lending fraud. Presented by: First American Data & Analytics.

Lending 458
article thumbnail

IMBs have a duty to serve lower-income communities

Housing Wire

Bank CRA obligations cover far more than their mortgage lending. It extends to their checking and savings accounts, small business and community development debt and equity financing, bank branch locations, financial literacy, grantmaking and more. They are bound to do more.

Lending 468