Industry Update: the Future of eClosing and RON

Join industry experts for an in-depth discussion on the future of eClosing and how hybrid and RON closings benefit lenders and borrowers.

DOJ v. NAR and the ethics of real estate commissions

Today’s HousingWire Daily features the first-ever episode of Houses in Motion. We discuss the Department of Justice’s recent move to withdraw from a settlement agreement with the NAR.

Hopes for generational investment in housing fade in DC

Despite a Democratic majority, the likelihood of a massive investment in housing via a $3.5 trillion social infrastructure package appears slim these days. HW+ Premium Content

How Biden’s Neighborhood Homes proposal impacts real estate investors

Dubbed the Neighborhood Homes Tax Credit, the proposal is part of the larger American Jobs Plan legislation — also known as Biden’s infrastructure plan. Here's a look into how it impacts real estate investors.

Oak Hill Closes $1.1bn Distressed Asset Fund

Investment management firm Oak Hill Advisors closed its distressed asset fund, OHA Strategic Credit Fund, after raising $1.125bn in capital, the company announced Monday. The fund was formed in March 2008 and began investing in October of the same year. The initial target of $750m was exceeded by more than 50% due to increased investor interest. The fund’s domestic and international investors include corporate and public pension plans, endowments, insurance companies and family offices, Oak Hill Advisors said. The firm said it made several senior hires over the past 18 months to focus on corporate and structured product distressed assets investment opportunities. “My partners and I are excited about the opportunities available in the distressed market and we are grateful for the favorable response from our investors,” said Oak Hill Advisors president and senior partner Glenn August. “For nearly 20 years, our team has worked hard to build confidence among our investors and establish a track record of success, which has allowed us to raise this capital during challenging market conditions,” he added. Write to Austin Kilgore.

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The housing market is losing steam

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3d rendering of a row of luxury townhouses along a street

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