Community Mortgage Program

The Change Company Issues its First AAA Rated Securitization Backed Exclusively by its Proprietary Community Mortgages

Retrieved on: 
Wednesday, June 14, 2023
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Asset Management, REIT, Community Mortgage Program, LLP, International Capital Market Association, United Nations, Capital market, Bookrunner, Insurance, Institutional Shareholder Services, Sustainable Development Goals, RMBS, Investment management, Bank, Seeds of Change (company), LTV, Community, AAA, Investment, CDFI, United, Change, FICO, Sustainable development, ISS

The Change Company CDFI LLC and its subsidiary Change Lending, LLC (“Change”) – America’s CDFI – are pleased to announce that Change has closed its seventh securitization of its proprietary Community Mortgages, and the first such securitization which earned an AAA rating for the senior A1 class.

Key Points: 
  • The Change Company CDFI LLC and its subsidiary Change Lending, LLC (“Change”) – America’s CDFI – are pleased to announce that Change has closed its seventh securitization of its proprietary Community Mortgages, and the first such securitization which earned an AAA rating for the senior A1 class.
  • Jesse Elhai, Managing Director of Capital Markets for Change, said, “Receiving our first AAA rating on a securitization comprised solely of our proprietary Community Mortgage is an important milestone for Change.
  • Jason Biegel, President of Change Lending, said, “We are excited to close this groundbreaking RMBS securitization that recognizes the prime credit profile of the borrowers accessing our Community Mortgage program.
  • Dentons US LLP served as issuer counsel to Change and Hunton Andrews Kurth LLP served as underwriter counsel in the transaction.]

New Fifth Third Mortgage Program offers $1,000 toward closing costs for VA, FHA, 203K, USDA mortgages

Retrieved on: 
Wednesday, June 15, 2022
Professional Services, Other Professional Services, Residential Building & Real Estate, Finance, Construction & Property, Banking, Personal Finance, ATM, Community, National Association, FHA, AMI, Tax, Wild Arms, Dream, Commercial bank, NMLS, School, Fifth Third Bank, Â, Wealth, DPA, Housing, OH, Company, Heritage Bank Center, Registered investment adviser, LTV, Income, Program, CLTV, Trust, MI, IRS, Community Mortgage Program, Thought, Paint, USDA, Restaurant, Center, Credit, Thumb, Organization, Real estate, Online shopping, Renting, Sales, Life insurance, Financial adviser

To support affordable housing options, Fifth Third has announced it will pay $1,000 toward closing costs for VA, FHA, 203K and USDA Owner Occupied Purchase and REFI loans.

Key Points: 
  • To support affordable housing options, Fifth Third has announced it will pay $1,000 toward closing costs for VA, FHA, 203K and USDA Owner Occupied Purchase and REFI loans.
  • There are a variety of benefits of homeownership, including having the ability to paint, plant and make changes and renovations.
  • Also, when you own a home, it helps grow equity and you may be able to deduct mortgage interest on your taxes.
  • Ultimately, you should weigh the pros and cons of buying or renting, but Fifth Third also offers a rent versus buy calculator to help.

First Community Mortgage Launches Hispanic Home Opportunity Loan Program

Retrieved on: 
Tuesday, August 31, 2021
GNMA, NMLS, Ownership, Tennessean, Equal housing lender, FCM, EVP, Community Mortgage Program, Tax, The Last Best Place, National Association of Affordable Housing Lenders, Vega, FHLMC, Correspondent, CEO, FNMA, National Association, Hispanic, American City Business Journals, Wholesaling, National Association of Realtors, ITIN, Individual Taxpayer Identification Number, Real estate

NASHVILLE, Tenn., Aug. 31, 2021 /PRNewswire/ --First Community Mortgage announces the launch of HOLACASA, a home opportunity loan program breaking down barriers to homeownership for Hispanics.

Key Points: 
  • NASHVILLE, Tenn., Aug. 31, 2021 /PRNewswire/ --First Community Mortgage announces the launch of HOLACASA, a home opportunity loan program breaking down barriers to homeownership for Hispanics.
  • Vega notes that HOLACASA is more than just an ITIN (Individual Taxpayer Identification Number) mortgage loan program, though it does include that component.
  • In addition, the company offers educational resources to make prospective Hispanic homebuyers more familiar and comfortable with the mortgage lending process.
  • First Community Mortgage, Inc. is a wholly owned subsidiary of First Community Bank of Tennessee, and includes Wholesale, Correspondent and Retail divisions.