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Hometap reaches $1B in home equity investments 

Housing Wire

Boston-based fintech company Hometap has deployed more than $1 billion in home equity investment (HEI) products since its launch in 2017, the company announced on Tuesday. The HEI provider typically recoups its initial investment and takes a percentage of the home’s future value when the property is sold.

Investing 411
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Downes named president of Enterprise Housing Credit Investments

Housing Wire

Enterprise Community Partners announced on Wednesday the appointment of Kari Downes to the position of president at its housing credit investments business, effective April 1. Downes, who currently serves as Enterprise Housing Credit Investments EVP, will succeed current president Scott Hoekman who has spent the past 30 years at Enterprise.

Investing 441
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Fairway makes new reverse mortgage investments, rejoins NRMLA

Housing Wire

Fairway Independent Mortgage Corporation announced on Tuesday a series of reverse mortgage maneuvers designed to increase the company’s investment in the space. To ‘lead by example’ “These strategic investments reflect our deep commitment to the future of our reverse mortgage business,” said Steve Jacobsen, CEO of Fairway. “We

Investing 403
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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 417
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Radian Group announces strategic investment in FinLocker 

Housing Wire

Radian Group announced a strategic investment in FinLocker that will closely connect the technology between Radian’s Homegenius platform and FinLocker’s financial fitness and homeownership platform. Terms of the deal were not disclosed. .” FinLocker also does both of those things,” said Radian’s CEO Rick Thornberry. “As

Investing 451
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TD Bank launches three-year plan to invest $10B in affordable homeownership

Housing Wire

New Jersey-based TD Bank has decided to invest $10 billion in affordable homeownership initiatives by 2027, including providing loans and liquidity to the residential lending market. billion in community development loans and other investments, including affordable housing projects. In the mortgage space, TD Bank was a top-35 U.S.

Investing 429
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HUD to invest $174 million for climate resiliency in multifamily

Housing Wire

Department of Housing and Urban Development (HUD) on Thursday announced an investment of $173.9 The investment supports the Biden administration ’s agenda to “invest in America,” and what it calls its “environmental justice agenda.”

Investing 460