FHA

Greystone Provides $16.8 Million for Supportive Living Community in Illinois Under New HUD Seniors Green Financing Program

Retrieved on: 
Wednesday, August 16, 2023

NEW YORK, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, has provided a $16.8 million HUD LEAN 232/223(f) green loan to refinance a 102-unit Supportive Living Facility in Rolling Meadows, Illinois.

Key Points: 
  • NEW YORK, Aug. 16, 2023 (GLOBE NEWSWIRE) -- Greystone , a leading national commercial real estate finance company, has provided a $16.8 million HUD LEAN 232/223(f) green loan to refinance a 102-unit Supportive Living Facility in Rolling Meadows, Illinois.
  • The financing was originated by Adam Lipkin, Vice President and Michael Zukerman, Managing Director, of Greystone with Brent Connell of Geneva Capital acting as correspondent on the transaction.
  • The Supportive Living program in Illinois is an alternative to nursing home care for low-income older persons requiring mid-range care needs as opposed to skilled nursing.
  • This leads to a substantial decrease in annual financing costs and enables a significantly larger loan than HUD-insured financing without the green benefits.

Zap Mortgage Ranks No. 294 on the 2023 Inc. 5000 & #1 Veteran Owned Lender

Retrieved on: 
Tuesday, August 15, 2023

TAMPA, Fla., Aug. 15, 2023 /PRNewswire-PRWeb/ -- Inc. revealed today that Zap Mortgage ranks No. 294 on the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy's most dynamic segment—its independent, entrepreneurial businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other household name brands gained their first national exposure as honorees on the Inc. 5000.

Key Points: 
  • 294 on the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America.
  • Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other household name brands gained their first national exposure as honorees on the Inc. 5000.
  • Zap Mortgage is the Nation's #1 Veteran Owned privately held lender for a reason… because we believe that everyone should be able to own a home and live the American Dream.
    "
  • Zap Mortgage is the Nation's #1 Veteran Owned privately held lender for a reason…because we believe that everyone should be able to own a home and live the American Dream."

Freedom Mortgage Named in the 2023 Inc. 5000 List

Retrieved on: 
Tuesday, August 15, 2023

BOCA RATON, Fla., Aug. 15, 2023 /PRNewswire/ -- Freedom Mortgage, one of the largest full-service, independent mortgage companies and a top Veterans Administration (VA) and Federal Housing Administration (FHA) lender in the U.S., was named to the Inc. 5000 list of America's fastest-growing private companies by Inc. Magazine—for the ninth time.

Key Points: 
  • Top VA and FHA lender makes prestigious Inc. 5000 list for the ninth time
    BOCA RATON, Fla., Aug. 15, 2023 /PRNewswire/ -- Freedom Mortgage , one of the largest full-service, independent mortgage companies and a top Veterans Administration (VA) and Federal Housing Administration (FHA) lender in the U.S., was named to the Inc. 5000 list of America's fastest-growing private companies by Inc. Magazine—for the ninth time.
  • Freedom Mortgage, top VA and FHA lender, back on prestigious Inc. 5000 list for the ninth time
    Freedom Mortgage first made the Inc. 5000 list in 2013 and continued for six straight years in a row, earning a spot in the Inc. 5000 Hall of Fame in 2018.
  • "I'm so proud Freedom Mortgage is back on the Inc. 5000 list," said Stanley C. Middleman, founder, President, and Chief Executive Officer of Freedom Mortgage.
  • Freedom Mortgage is a full-service mortgage company that provides mortgage loans through retail, wholesale, and correspondent channels.

Fujitsu and NEC significantly improve efficiency of base station interoperability testing for the post-5G era

Retrieved on: 
Wednesday, July 12, 2023

The interoperability testing time for base stations of different vendors was reduced by more than 30%, assuming the commercial environment of overseas telecommunications carriers (operators).

Key Points: 
  • The interoperability testing time for base stations of different vendors was reduced by more than 30%, assuming the commercial environment of overseas telecommunications carriers (operators).
  • NEC and Fujitsu have jointly developed a technology to automate the testing of interoperability between base station equipment from various vendors at the O-RAN fronthaul (4).
  • Reducing the interoperability testing time will enable operators to shorten the lead time for deploying systems that combine O-RAN compliant base station equipment from different vendors.
  • The interface between the base unit (CU/DU) and the radio units (RU) of base station equipment standardized for O-RAN specifications.

Bright MLS July Housing Report: Mid-Atlantic Housing Market Resilient

Retrieved on: 
Friday, August 11, 2023

NORTH BETHESDA, Md., Aug. 11, 2023 /PRNewswire/ -- The Mid-Atlantic housing market stayed firmly on the summer pace set in June, as buyers still compete for historically-low levels of inventory even in the midst of an elevated mortgage rate environment, according to the Bright MLS Mid-Atlantic July Housing Report released today. The median home price in the region was up 3.9% in July, the strongest price growth since January.  

Key Points: 
  • "It's been surprising to me that higher rates and prices have not pushed more people out of the market, particularly first-time buyers," said Dr. Lisa Sturtevant, Bright MLS Chief Economist.
  • "It's been surprising to me that higher rates and prices have not pushed more people out of the market, particularly first-time buyers," said Dr. Lisa Sturtevant, Bright MLS Chief Economist.
  • No relief was found in the market for buyers, however, as new listings were down over 29% in the region.
  • Looking ahead, Bright expects the fall market in the Mid-Atlantic will be characterized by low inventory, stable or rising home prices, and growing affordability challenges.

National Affordable Housing Program Arrive Home Announces Executive Leadership Changes

Retrieved on: 
Wednesday, August 9, 2023

Arrive Home , a national affordable housing program offering emerging credit solutions for responsible borrowers in underserved communities, has promoted two key executives.

Key Points: 
  • Arrive Home , a national affordable housing program offering emerging credit solutions for responsible borrowers in underserved communities, has promoted two key executives.
  • The changes reflect the company’s growth as it connects with mortgage lenders to provide both down payment assistance and its earned equity program to qualified borrowers.
  • Since launching in November 2022, Arrive Home has made a number of inroads with lenders seeking solutions for borrowers who meet FHA guidelines but have been locked out of the housing market.
  • “Arrive Home has made huge strides toward its mission to help borrowers in underserved communities build generational wealth through homeownership,” added Christensen.

loanDepot’s Mosi Gatling Receives HousingWire’s “Women of Influence” Award

Retrieved on: 
Thursday, August 3, 2023

loanDepot, Inc. (NYSE: LDI) Sales Manager Mosi Gatling earned HousingWire’s annual “Women of Influence” award , honoring the industry’s most influential women leaders.

Key Points: 
  • loanDepot, Inc. (NYSE: LDI) Sales Manager Mosi Gatling earned HousingWire’s annual “Women of Influence” award , honoring the industry’s most influential women leaders.
  • "Early in my career, I noticed a lot of potential buyers were missing out on the chance to become homeowners.
  • Either they didn’t think it was possible or they didn’t have anyone to turn to for help,” said Gatling.
  • Gatling is also a sought-after speaker who frequently contributes to industry forums, sharing her insightful perspectives on what's working--and what isn't--to close the minority housing gap.

HUD SECRETARY FUDGE REITERATES COMMITMENT TO END APPRAISAL BIAS AND CREATE HOUSING OPPORTUNITIES IN MARGINALIZED COMMUNITIES

Retrieved on: 
Thursday, August 3, 2023

HOUSTON, Aug. 3, 2023 /PRNewswire/ -- The National Association of Real Estate Brokers (NAREB) agreed yesterday to work with the U.S. Department of Housing and Urban Development (HUD) to address appraisal bias and discrimination through education, outreach, and other activities.

Key Points: 
  • "HUD and NAREB will work together to fight appraisal bias in the Black community," said Secretary Marcia L. Fudge in a dynamic and inspirational address that ignited passion and commitment among attendees at NAREB's annual convention.
  • Secretary Fudge added that the commitment to tackling appraisal bias reflects the administration's dedication to promoting fairness in housing valuations and bringing equity to all communities.
  • Specifically, the agreement with HUD cites several collaborative actions in the fiscal year 2024, which begins October 1, 2023:
    Online training opportunities for housing counselors to understand racial appraisal bias in home property valuation.
  • Secretary Fudge fired up the audience with her powerful commitment to addressing racial disparities in housing for marginalized communities.

wemlo® Expands Third-Party Mortgage Loan Processing Services with Addition of New Loan Products and Lender Partners

Retrieved on: 
Wednesday, August 2, 2023

BOCA RATON, Fla., Aug. 2, 2023 /PRNewswire/ -- wemlo®, the first third-party mortgage processing solution with an all-in-one digital platform, today announces it has expanded its list of participating lenders and added support for new loan products to provide mortgage brokers a seamless processing experience and empower them to better serve the needs of their borrowers.

Key Points: 
  • Now, wemlo has expanded its catalog of participating lenders with the addition of Acra Lending, First National Bank of America and LoanStream Wholesale Mortgage.
  • The company is consistently adding processing services for new loan products, especially those that help make homeownership more accessible to diverse groups of borrowers.
  • Built with speed, efficiency, and security in mind, wemlo's award-winning loan processing technology seamlessly manages demand, allows for automation, and streamlines communication.
  • To learn more about how wemlo can help mortgage brokerages and loan originators work more efficiently, book a 15-minute demo with a wemlo representative today.

Freedom Mortgage Honored with 2023 National Top Workplaces Financial Services Industry Award

Retrieved on: 
Wednesday, July 26, 2023

BOCA RATON, Fla., July 26, 2023 /PRNewswire/ -- Freedom Mortgage, one of the largest full-service, independent mortgage companies and a top Veterans Administration (VA) and Federal Housing Administration (FHA) lender in the U.S., has earned the 2023 Top Workplaces Financial Services Industry Award, issued by Energage, a purpose-driven organization that develops solutions to build and brand Top Workplaces.

Key Points: 
  • Freedom Mortgage, a Top VA and FHA Lender,  Honored with 2023 National Top Workplaces Financial Services Industry Award
    This is the second time Freedom Mortgage has been honored with the Top Workplaces Industry Award since its inaugural launch in 2021.
  • This year, Top Workplaces named 1,079 winners in seven industries: Construction, Distribution, Financial Services, Healthcare, Manufacturing, Nonprofit and Technology.
  • "We are honored to be recognized, again, as a Top Workplaces in the financial services industry," said Stanley C. Middleman, Freedom Mortgage president and CEO.
  • "To have our employees endorse Freedom Mortgage as a great place for financial services professionals to work means a great deal.