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First Financial Bank to invest $700M by 2028 in affordable mortgages

Housing Wire

billion in the next five years for lending and investments to low- and moderate-income (LMI) clients and census tracts, with 30% of the total tied to mortgage lending. First Financial Bank’s plan also includes investments in small-business lending and donations to organizations that create and preserve affordable housing.

Investing 318
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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 366
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Introducing the Rising Stars Class of 2022

Housing Wire

Planet Home Lending. Senior Director of Government and Industry Relations. VP, Correspondent Lending. Finance of America Home Improvement. Take a look through the list below to see the nominees’ impressive accomplishments. Company Name. Adam O’Daniel. SVP, Marketing. Open Mortgage. Adam Spigelman.

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Why Diversify? Multiple Streams, Multiple Dreams!

Appraisal Buzz

If you aren’t in control of your clients, your fees, your market, or the main factors that drive your business, you’re always under threat by outside forces, like interest rates and government policy. To that end, the appraisal business is ripe with opportunities to diversify and have revenue streams from multiple sources.

Clients 195
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With low inventory, house hunters are in full safari mode

Housing Wire

Clearly, not all these homes can be returned to the market in a cost-effective way, or face other obstacles, such as their location in higher-crime or deteriorating neighborhoods, according to Keith Lind, CEO of Acra Lending. Just because there’s vacant homes in the U.S. through the first quarter of 2024.” housing affordability.”

Inventory 448
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Some lenders won’t survive the purchase mortgage market of 2022

Housing Wire

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 519
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How LOs, mortgage execs are preparing for 2024

Housing Wire

I’m comfortable with lending there because I know I’m very familiar with the area. Originators will be battling it out again next year for purchase and refinance volume again that fall into the standard agency, government, jumbo buckets. I have a lot of connections in Ohio. If people got rates of 7% and 7.5%

Mortgage 439