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Future-proofing real estate: Why developers are turning to modular for sustainability and resilience

Housing Wire

These green building benefits associated with modular construction do not come with the dreaded green cost premium even though recent research shows that developers are willing to pay an average 10% more on construction costs if it allows their business to shift towards a more circular and sustainable business model.

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Ally Financial closes mortgage origination business

Housing Wire

Bloomberg was the first to report the developments. The company also plans to explore strategic alternatives for its credit card business in the first quarter of 2025. These changes are expected to result in a workforce reduction of less than 5% of Ally’s approximately 11,000 employees.

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How two sisters closed $40 million in 2024 “vibe flipping” LA homes

Housing Wire

They closed nearly $40 million in volume in 2024, vibe flipping luxury homes. They walked us through their exact strategy for building a team, finding homes to renovate and sell and which renovations get the best ROI at the closing table. I showed it to a friend who does some development, and he didn’t see the vision.

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Tomo Mortgage closes $20M Series B funding round

Housing Wire

Tomo touts its use of artificial intelligence in streamlining loan underwriting and closing processes. It claims to save the typical homebuyer up to $4,000 in closing costs and offers interest rates that are 50 to 100 basis points lower than the industry average, according to a press release.

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AI assistant Shilo closes $2.6 million seed funding round

Housing Wire

is going to have an easier time with product development thanks to a $2.6 The company said the funding round will accelerate Shilo’s product development and go-to-market expansion. “AI million seed funding round. The AI assistant firm announced the funding round on Friday.

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Fairway announces ‘hybrid e-closings’ for reverse mortgages

Housing Wire

announced the incorporation of hybrid e-closings for reverse mortgages on Tuesday, aiming to incorporate its experience with the technology on the forward side of the mortgage business into its reverse mortgage division for the first time. Fairway Independent Mortgage Corp. Fairway Independent Mortgage Corp.

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How a new agent closed $17 million in his second year using this simple strategy

Housing Wire

Tom closed over $17 million in volume in his second year in real estate. The local competition in Charlotte was fierce, and with only a handful of closed deals, he knew he couldnt compete with experienced agents. Tom honed his networking skills over a multi-decade career in product and business development for multinational brands.

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