Bipartisan legislation aims to expand ADU financing
A bipartisan bill introduced last week in the U.S. House of Representatives seeks to address the nation’s housing shortage by expanding financing options for accessory dwelling units (ADUs). Reps. Sam Liccardo (D-Calif.) and Andrew Garbarino (R-N.Y.) unveiled H.R. 4568 — the Supporting Upgraded Prop
HomeStreet to sell $794M in Ginnie Mae MSRs
Seattle-based HomeStreet Bank has agreed to sell its $794 million Ginnie Mae loan servicing portfolio to an undisclosed “experienced” buyer, the company announced in a regulatory filing. The transaction is scheduled to close on August 1. “As HomeStreet carried this servicing portfolio at current mar
NAF launches multimillion-dollar marketing campaign
New American Funding (NAF) on Tuesday launched its new “Hell Yeah You’re Buying a Home” marketing campaign that’s designed to “energize and empower” the next generation of first-time homebuyers. According to a press release from the California-based mortgage lender, the campaign was crafted in colla
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