Jeremiah Jensen is a reporter for HousingWire. In this role, he helps deliver timely news coverage of the U.S. housing market. Prior to joining HousingWire, Jeremiah was a freelance reporter in the commercial real estate space. He is a graduate of Southern Methodist University’s Journalism School.
Citing growing market demand, Citadel Servicing Corp. has created a new non-prime/non-QM funding product for multifamily and mixed-use properties up to 35 units that it's calling the "Outside Dodd-Frank Plus Program."
Qualia just rolled out eSigning capabilities in its bid for a berth among the companies holding the keys to the fully digital mortgage. Qualia claims that its new eSign technology is the first built specifically for title, escrow and closing software. According to Qualia, this will allow real estate professionals to use only the Qualia platform instead of needing to use piecemeal software to cobble together a digital mortgage process.
Cresset Capital Management and Diversified Real Estate Capital are partnering to launch an investment fund for Opportunity Zones. The Cresset-Diversified fund will be used for real estate development and redevelopment in Opportunity Zones across the nation.
Adolfo Marzol knows firsthand about this nation's long history with taking in, and housing, refugees. In fact, his parents emigrated from Cuba in 1961. How did the Marzols know they had made it in America? They bought their first house, he tells HousingWire Editor-in-Chief Jacob Gaffney in a bonus episode, and now finale, of our exclusive podcast, 6 Questions with 6 HUD Executives.
CoreLogic is buying Symbility Solutions, a subscription and cloud-based property insurance claims workflow solutions company. CoreLogic will acquire all outstanding stocks for C$0.165 per share in cash.
D.R. Horton invested in a construction tech company that claims to be able to 3D-print homes in under 24 hours. Construction tech company ICON and its Y-Combinator-backed nonprofit partner New Story, claim to have put up the first 3D-printed home in the U.S. in Austin.
Freddie Mac’s Apartment Investment Index took a 7.1% hit over the last quarter as investors seem to be paying more per dollar of income for their multifamily investments. According to the report, the recent increase in mortgage rates is the main culprit behind the drop in the index as its substantial rise made borrowing for multifamily investments significantly more expensive.
On this episode of 6 Questions with 6 HUD Executives, HousingWire Editor-in-Chief Jacob Gaffney sits down with Ginnie Mae Executive Vice President and COO Michael Bright to talk about affordable housing, the securities market and Ginnie Mae crossing the $2 trillion threshold.
The eyebrow-raising staff shuffle at HUD comes to an end. Plus, read more about affordable housing woes in Charlotte, Ginnie Mae's major milestone, Amazon HQ2 and more in this week's Monday Morning Cup of Coffee.
Co-living startup Starcity announced that it is building two ground-up co-living developments in the Bay Area: one in San Francisco and one in San Jose. Together, the projects will bring 1070 units to the Bay Area.
For anyone actively working in the mortgage industry, it’s no secret that reverse mortgages have taken a brutal hit in the last two years. The U.S. Department of Housing and Urban Development issued major program changes at the end of 2017 that effectively limited the amount of proceeds and the number of people who could qualify for the loan. The result had lenders across the space enduring sizable volume drops and subsequent gashes to their bottom lines.