Three struggling small businesses filed a lawsuit against the Department of Housing and Urban Development in an effort to halt and reverse its decision to relocate from its longtime headquarters in the nation’s capital. Processing Content In legal documents submitted this week, attorneys representing a party and novelty store and two local restaurants, all of […]
Washington businesses take HUD to court over its relocation Read More »
Clayton Home Building Group confirmed that its Southeast U.S. powerhouse operator, Mungo Homes has acquired Columbia, S.C.-based McGuinn Homes, a four-decade-old regional builder whose rise in HousingWire’s Homebuilder Rankings reflected a carefully executed growth strategy centered on attainable homeownership, disciplined operations and customer focus. In announcing the acquisition, Clayton described the combination as built on
Berkshire’s Clayton adds McGuinn Homes to Mungo as scale race widens Read More »
Finance of America (FOA) has closed an all-cash acquisition of reverse mortgage servicing rights from Onity Mortgage Corp., adding roughly 20,000 Home Equity Conversion Mortgages (HECMs) with a combined $5.2 billion in unpaid principal balance (UPB) to its portfolio, the companies announced Wednesday. The deal, disclosed by FOA in an 8-K filing with the Securities
FOA completes deal for Onity reverse mortgage assets, adding $5.2B in UPB Read More »