Residential Building & Real Estate

ICE Mortgage Technology Acquires eVault Technology from DocMagic for Encompass eClose

Friday, June 11, 2021 - 1:30pm

ICE Mortgage Technology and DocMagic have been helping lenders implement digital mortgage processes for years, said Dominic Iannitti, president and CEO of DocMagic.

Key Points: 
  • ICE Mortgage Technology and DocMagic have been helping lenders implement digital mortgage processes for years, said Dominic Iannitti, president and CEO of DocMagic.
  • ICE Mortgage Technology combines technology, data and expertise to automate the entire mortgage process from consumer engagement through loan registration.
  • At ICE Mortgage Technology , we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration.
  • Encompass and the ICE Mortgage Technology logo are trademarks of the entities of ICE Mortgage Technology, Inc.
    View source version on businesswire.com: https://www.businesswire.com/news/home/20210611005076/en/

KB Home Announces the Grand Opening of Stewart Crossing, Its Latest New-home Community in a Prime Pierce County, Washington Location

Friday, June 11, 2021 - 1:00pm

KB Home (NYSE: KBH) today announced the grand opening of Stewart Crossing, a new, single-family home community in a desirable Pierce County, Washington location.

Key Points: 
  • KB Home (NYSE: KBH) today announced the grand opening of Stewart Crossing, a new, single-family home community in a desirable Pierce County, Washington location.
  • View the full release here: https://www.businesswire.com/news/home/20210611005029/en/
    KB Home announces the grand opening of Stewart Crossing, its latest new-home community in a prime Pierce County, Washington location.
  • The community also offers the KB Home Office, a dedicated room that homebuyers can personalize for the way they work.
  • As with other KB Home communities, Stewart Crossing provides home shoppers the opportunity to purchase a personalized, new KB home at a price that fits their budget.

DHI Residential Announces New Homes for Rent in Charlotte

Thursday, June 10, 2021 - 10:59pm

This new community recently opened as the first single-family for rent community by DHI Residential in the Charlotte area.

Key Points: 
  • This new community recently opened as the first single-family for rent community by DHI Residential in the Charlotte area.
  • Whether you rent or own, the meaning of home has been redefined for so many over this last year.
  • DHI Residential invites all interested renters, future homeowners and real estate agents assisting future homebuyers to visit Harrison Trace.
  • DHI Residential offers its customers homes with livable floor plans, energy-efficient and smart home technology features and a reliable property management experience in family-friendly neighborhoods.

Special Needs Assistance Program Subsidy Helps Mississippi Woman

Thursday, June 10, 2021 - 10:36pm
Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20210610005979/en/
    A Special Needs Assistance Program subsidy provided by BankPlus and the Federal Home Loan Bank of Dallas funded repairs for a Jackson, Mississippi, homeowner.
  • But over time, the home where she consistently hosted her family began to need repairs she couldnt afford.
  • Miss Lee had handymen patch things until a $7,000 Special Needs Assistance Program (SNAP) subsidy from BankPlus and the Federal Home Loan Bank of Dallas (FHLB Dallas) funded more substantial repairs including a new roof, trim, porch railings and repairs to interior walls.
  • FHLB Dallas set aside $2.5 million of its 2021 Affordable Housing Program funds for SNAP, and all SNAP funds were allocated in January for the highly sought-after program.

KBRA Assigns Preliminary Ratings to Mosaic Solar Loan Trust 2021-2

Thursday, June 10, 2021 - 9:55pm

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of notes issued by Mosaic Solar Loan Trust 2021-2 (Mosaic 2021-2), an asset-backed securitization collateralized by a pool of residential solar loans.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of notes issued by Mosaic Solar Loan Trust 2021-2 (Mosaic 2021-2), an asset-backed securitization collateralized by a pool of residential solar loans.
  • The collateral pool of Mosaic 2021-2 will include approximately $218.2 million of residential solar loans, which comprises of approximately $120.0 million in loans at closing and $98.2 million in additional prefunded solar loans.
  • The preliminary ratings reflect the initial credit enhancement levels ranging from 51.97% for the Class A notes to 12.14% for the Class D notes.
  • Solar Mosaic, Inc. (Mosaic or the Company) is a California-based specialty finance company focused on originating and servicing consumer loans used for the purchase of residential solar systems.

CBRE Clarion Global Real Estate Income Fund (NYSE: IGR) Declares Monthly Distribution for June

Thursday, June 10, 2021 - 9:03pm

SHAREHOLDERS WILL BE SENT A FORM 1099-DIV FOR THE CALENDAR YEAR INDICATING HOW TO REPORT FUND DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES.

Key Points: 
  • SHAREHOLDERS WILL BE SENT A FORM 1099-DIV FOR THE CALENDAR YEAR INDICATING HOW TO REPORT FUND DISTRIBUTIONS FOR FEDERAL INCOME TAX PURPOSES.
  • The estimated allocations presented above are based on the Funds monthly calculation of its year-to-date net investment income, capital gains and returns of capital.
  • The Funds investment income is mainly comprised of distributions received from the real estate investment trusts (REITs) and other companies in which it invests.
  • Net investment income refers to the Funds investment income offset by its expenditures, which include the fees paid to the investment adviser and other service providers.

Radian Debuts Innovative Title Insurance and Closing Services Offering, titlegenius by Radian

Thursday, June 10, 2021 - 9:30pm

Radian Group Inc. (NYSE: RDN) announced the launch of titlegenius by Radian, a direct-to-consumer service that provides a simple, transparent and secure way to order title insurance and closing services online.

Key Points: 
  • Radian Group Inc. (NYSE: RDN) announced the launch of titlegenius by Radian, a direct-to-consumer service that provides a simple, transparent and secure way to order title insurance and closing services online.
  • View the full release here: https://www.businesswire.com/news/home/20210610005923/en/
    titlegenius by Radian, a direct-to-consumer service that provides a simple, transparent and secure way to order title insurance and closing services online.
  • Title insurance is provided and underwritten by Radian Title Insurance Inc., 6100 Oak Tree Blvd, Suite 200, Independence, OH 44131, Tel: 877.936.8485, NAIC#: 51632, CA- License# 5093-0.
  • Title Services are provided by Radian Title Insurance Inc. and Radian Settlement Services Inc., 1000 GSK Drive, Suite 210, Coraopolis, PA 15108, Tel: 800.646.8258, FL- Non-Resident Title Agency #A271379, both wholly owned subsidiaries of Radian Group Inc. Radian Settlement Services Inc. is a title insurance agency for Radian Title Insurance Inc.
    View source version on businesswire.com: https://www.businesswire.com/news/home/20210610005923/en/

The St. Joe Company Enters the Apartment Management Business Through a Joint Venture With HomeCorp

Thursday, June 10, 2021 - 9:05pm

The St. Joe Company (NYSE: JOE) (St. Joe) and HomeCorp today announced the formation of a joint venture partnership to create a new apartment management company.

Key Points: 
  • The St. Joe Company (NYSE: JOE) (St. Joe) and HomeCorp today announced the formation of a joint venture partnership to create a new apartment management company.
  • The new company will initially manage the Watersound Origins Crossings and Pier Park Crossings apartment communities, both of which are joint ventures between St. Joe and HomeCorp.
  • The St. Joe Company is a real estate development, asset management and operating company with real estate assets and operations in Northwest Florida.
  • St. Joe, JOE, the Taking Flight Design, St. Joe (and Taking Flight Design) , Watersound Origins, and Pier Park are registered service marks of The St. Joe Company or its affiliates.

Procore Enhances its Preconstruction Solution for Better Cost and Risk Management

Thursday, June 10, 2021 - 10:00pm

Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, announced an enhanced Preconstruction solution at todays Procore Innovation Summit .

Key Points: 
  • Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, announced an enhanced Preconstruction solution at todays Procore Innovation Summit .
  • Procore Preconstruction is tailored for owners, general contractors and specialty contractors looking to win and build more profitable projects, while reducing risk and rework.
  • Procore Preconstruction starts with estimating and takeoff, and the data flows into bidding and financials tools.
  • If the first half of reducing cost risk is to make better estimates, the second half is better design coordination to ensure constructability.