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Here’s how one CRE veteran helps multifamily investors thrive

Housing Wire

If it isn’t rising interest rates or shifting rental trends, then growing technology is the driving force that prompts investors to evolve. To help investors survive uncertain times, professionals must understand market trends and develop a game plan for success. It is at the intersection of business, banking, and the economy.

Investor 468
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A closer look at investor attitudes and trends in reverse mortgage stocks

Housing Wire

stock market, companies like Finance of America (FOA) and Ellington Financial — the parent of reverse lender Longbridge Financial — have recently released their third-quarter 2024 earnings results. These moves, he said, helped demonstrate to investors that the company had its priorities clearly in mind.

Investor 369
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One mortgage lender abandons the Florida condo market

Housing Wire

“We have an investor who won’t do any deals in Florida or near major bodies of water.” Some owners of older condo units have had to list at prices far below what they bought the units for because special assessments are so high (and are difficult to finance). “I’m not surprised. Condos are hard.

Mortgages 524
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MoxiWorks taps finance veteran Chris Choi as CFO

Housing Wire

Choi brings more than two decades of finance experience across tech and startup sectors to the CFO seat. Choi has a background in investment banking, with stints at Lehman Brothers , Lazard , ING Barings and Barclays.

Finance 228
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Portrait of a pre-foreclosure peacemaker

Housing Wire

My mom and stepdad went into pre-foreclosure,” said Sandoval, a real estate agent and investor who specializes in working in low-income, often Latino neighborhoods in Southern California. “I Often, the best available option for staying in the home is through a loan modification or some other type of repayment plan with the bank.

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Dunmor CEO Franck Ruimy on Newfi partnership and the residential investment lending sector

Housing Wire

Ruimy noted that the BPL sector accounts for a significant portion of residential mortgage originations, with large investors increasingly turning to BPL lenders like Dunmor. Apollo orchestrated this transaction and now our partnership through Newfi provides the financing needed to grow this business and scale it to a higher level.

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LoanSnap troubles continue as California revokes its lender license

Housing Wire

A consent order signed by a Connecticut banking commissioner said that LoanSnap failed to notify the Nationwide Multistate Licensing System (NMLS) that its main address had changed. These actions include a Wells Fargo suit filed in Minnesota, where the bank sought more than $430,000 over an alleged breach of contract.

Lending 448