Origen Financial Inc., a real estate investment trust based in Southfield, Mich., has announced the renewal of a financing facility with Citigroup Global Markets Realty Corp. for an additional year, with an increase in its capacity from $235 million to $250 million.The company said the other terms of the facility have also improved, offering lower borrowing costs and a higher advance rate. Origen, which originates and services manufactured home loans, can be found on the Web at http://www.origenfinancial.com.
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Also, the Broker Action Coalition announced Jamie Cavanaugh as its next CEO, while Dark Matter Technologies added two new members to its leadership team.
September 8 -
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Two online ads promise Fannie Mae and Freddie Mac are working to boost purchase applications but it's unclear whether they signal interest in a stock offering.
September 8 -
Weak refi demand is pushing lenders to lean on servicing income, as tighter execution spreads and higher MSR values shift the industry's sell/retain calculus
September 8 -
Chad Smith departs the lender in a transition phase, after helping Better to generate 2.5 times growth in total revenue and funded loan volume since 2024.
September 8 -
The Federal Housing Finance Agency has barred 51 people from working with Fannie Mae and Freddie Mac this year, the most suspensions in any calendar year.
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