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Stavvy lands $40 million Series A for aggressive growth

Housing Wire

Stavvy, a Boston-based fintech, announced Monday that it landed a $40 million Series A funding round led by Morningside Technology Ventures. In addition to the funding round, Stavvy also announced its alliance with Flagstar Bank , the sixth-largest bank mortgage originator in the country, to provide remote loan modification services.

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Top Tips and Considerations For Buying Land

Realty Biz

Buying land represents a pivotal investment in one's future. Unlike purchasing a ready-made home, it offers the flexibility to design and build according to personal or business needs. Each stage demands careful consideration to avoid common pitfalls and ensure the land meets your long-term objectives.

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Treasury’s new housing plan includes redirected COVID-19 funds to boost affordable supply

Housing Wire

Department of the Treasury on Tuesday announced a series of new initiatives designed to increase the supply of affordable housing across the country. The third provision is an extension of the support from the Federal Financing Bank (FFB) for “a risk-sharing initiative between the U.S. There are three core provisions of the plan.

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Cheapest Way to Buy Land and Build a House

Marco Santarelli

The cheapest way to buy land and build a house will vary depending on a number of factors, including the location of the land, the size and complexity of the house, and the materials used. This article is for anyone who is considering buying land and building a house. What Are the Benefits of Buying Land and Building a House?

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Buying Land to Build a House

Realty Biz

Finding that location and buying land to build a house is the first step in fulfilling this dream. . The loan you use for buying land to build a house on is very different than the traditional home mortgage loan. The loan you use for buying land to build a house on is very different than the traditional home mortgage loan.

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FinCEN expands GTOs on all-cash real estate transactions

Housing Wire

The GTOs and the $300,000 reporting requirement were established in 2016 by FinCEN and were originally designed to target shell companies purchasing real estate in Manhattan and Miami. real estate market to launder money. real estate market,” Himamauli Das, acting director of FinCEN, said in a statement last winter.

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MBA leadership says it’s “playing offense” to “stop the madness”

Housing Wire

We urge the Fed to take these simple steps to ensure that this sector does not precipitate the hard landing the Fed has tried so hard to avoid,” the letter read. ” He said that the proposed new capital increases for banks “are a dagger aimed at the heart of the housing market.” Not just mortgages, but servicing.