Fannie Mae reveals 2022 multifamily production volume

By: ameer@trustedteam.com

Fannie Mae has reported financing over $69 billion in debt to support affordable housing and the multifamily market in 2022. The government-sponsored enterprise said it was able to commit all...

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New home sales leap as prices and rates drop

By: ameer@trustedteam.com

The median sales price of new houses in December was $442,100, down 3.7% from November but still up 7.8% from last year. Meanwhile, the average sale price was $528,400. “In...

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Fairway shakes up reverse division as Accola departs for Movement

By: ameer@trustedteam.com

Madison-based Fairway Independent Mortgage Corporation announced on Monday that it is ramping up investments into its reverse mortgage division and reorganizing its leadership structure. This will include “decentralizing” its...

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Top Originator Spotlight: Tina Hogan of Network Funding

By: ameer@trustedteam.com

TH: Last year, I was given a referral by our local housing authority. They had homes that they owned that had been rented out to underserved families. The housing...

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Housing Market Tracker: Housing inventory falls once more

By: ameer@trustedteam.com

We are off and going now, as seasonality has kicked into full gear with the purchase application data. And, so far, it’s been a good start to the year. Here’s...

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SoFi’s bank charter drives positive outlook, but layoffs hit tech unit

By: ameer@trustedteam.com

SoFi Technologies said the benefits of its bank charter outweighed home loan and student loan challenges and helped its fourth-quarter performance while it also announced layoffs in its technology...

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AmeriSave accused of defamation, failure to pay wages in lawsuit

By: ameer@trustedteam.com

A group of 11 former employees are accusing AmeriSave Mortgage Corp. in a new lawsuit of failing to pay the wages, bonuses and commissions that were agreed to when...

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