FHFA clears Rocket’s $9.4B acquisition of Mr. Cooper, with safeguards
The Federal Housing Finance Agency (FHFA) said Tuesday it has allowed Fannie Mae and Freddie Mac to approve Rocket Companies’ planned acquisition of Mr. Cooper Group, noting the combined company should not exceed a 20% counterparty risk limit set for the government-sponsored enterprises (GSEs). Detr
LISC appoints Valerie White to lead national housing strategy
The Local Initiatives Support Corp. (LISC) has appointed Valerie White to lead its national housing team — expanding her role beyond her current position as senior executive director of LISC New York. White will oversee the organization’s national housing investments — which total $30.4 billion to d
Clear Capital partnership introduces automated property condition reports
Real estate analytics and valuation firm Clear Capital has formed a partnership with CAPE Analytics, offering a new automated property condition tool for home equity lenders. The collaboration introduces an Automated Property Condition Report (aPCR) and an inspection cascade designed to speed up loa
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