HomeStreet, Inc., the parent company of HomeStreet Bank, announced the sale of $990 million of multifamily commercial real estate loans, at a price, including the value of the retained servicing, of approximately 92% of the principal balance of the loans. The proceeds from the sale were used to pay down Federal Home Loan Bank borrowings.
NexPoint Real Estate Finance, Inc. has announced a dividend for its 8.50% Series A cumulative redeemable preferred stock of $0.53125 per share. The dividend will be payable on Jan. 27 to stockholders of record at the close of business on Jan. 15.
Oakwood Homes, Nest Home Lending and Colorado Housing and Finance Authority (CHFA) announced a new first-time homebuyer pilot program that will pair a builder-paid interest rate buydown with CHFA’s first mortgage loan and down payment assistance programs. The programs will allow qualifying homebuyers to have the opportunity to purchase their first homes with competitive financing, affordable down payment options and additional resources. Nest Home Lending will provide the mortgage options and guidance for borrowers.
