Addison, TX-based Mid America Mortgage will fund its downpayment assistance program for low- and moderate-income borrowers through a gestation repo line secured from JVB Financial Group.
“We see this slowdown as a temporary consequence of the holidays, not as an indication that homebuyer demand is backing off,” said Redfin Deputy Chief economist Taylor Marr.
The Bipartisan Policy Center and the Urban Institute this month called on local, state and federal policymakers to help address the critically short supply of housing, especially affordable housing.
In a deal expected to close by year end, Rocket Companies will pay $1.28 billion in cash to acquire personal finance app Truebill, a six-year-old tech start-up with 2.5 million users.