Posted in home remodeling

Home Point Financial, Kukun, Kairoi Residential

Home Point Financial named Kristin Supancich to the new role of chief people officer where she will be charged with growing and scaling the company. 

Supancich brings more than 25 years of experience in the workforce and talent industry to the new position, harnessing her experience to help Home Point become one of the nation’s Top-10 overall mortgage lenders by continuing to enhance its people-focused initiatives.

Prior to this new position, Supancich served as senior vice president and global chief human resources officer at Kelly Services, a Fortune 500 company that specializes in workforce management solutions for employers worldwide. 

Real estate data and research expert Ralph McLaughlin has been appointed to the board of advisors at Kukun, a data and analytics company that focuses on the massive home remodeling market.

McLaughlin is responsible for advising Kukun’s data science team in developing predictive housing market analytics and products, bringing

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Posted in home

A financial planner says he saw 4 surprises while buying a home

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

  • As a financial planner, Mark Reyes of Albert walks his clients through the financial side of preparing for home buying all the time. 
  • But four things were slightly different than he expected in the process of buying his own first home with his wife during the coronavirus pandemic.
  • The pandemic created more competition for homes, and also meant many changes to the ways buyers are able to see potential homes. 
  • There are some parts of the process that are confusing even in normal times, like getting the right paperwork to mortgage lenders, and the escrow process before closing. 
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Buying a

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Posted in home improvement loans

Customers Bancorp Discloses Healthy Credit Quality & Declining Loan Deferrals; Reiterates Financial Guidance

WEST READING, Pa.–(BUSINESS WIRE)–Over the last decade, Customers Bancorp and its principal subsidiary, Customers Bank (the “Bank”), have developed a suite of commercial and retail loan products with one particularly important common denominator: relatively low credit risk assumption. The Bank’s multifamily, mortgage warehouse, and specialty finance lines of business, for example, are characterized by conservative underwriting standards and low loss rates. As a consequence of this emphasis, the Bank’s credit quality to-date has been healthy despite a highly adverse economic environment. Nonperforming assets increased slightly to $92.6 million at August 31, 2020 from $86.4 million at June 30, 2020 and are expected to fall below $80.0 million by quarter-end due to the anticipated sale of an investment CRE loan.

Further, we are pleased to disclose a sharp decline in loan deferrals since financial results for Q2 2020 were released. Excluding PPP loans, active deferments decreased to $439.0 million

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Posted in drywall repair

D.C. flooding: D.C. Water offers financial assistance after flooding

“What really happened to all of our basements?” she said. “What caused this immense amount of sewage that came out of our toilet and our shower?”

D.C. Water officials tried to explain the mess during a community videoconference call Wednesday evening. The utility also offered financial help for homeowners struggling to clean up, referring to the downpour as a “100-year storm event.”

Climate change is causing more short, high-intensity storms, the utility said. D.C.’s century-old water system is aging and stressed by development. Plans for green infrastructure and an overflow tunnel would help prevent flooding but are not yet online. And the existing, 124-million-gallon Anacostia River Tunnel — running seven miles from RFK Stadium to the Blue Plains wastewater treatment plant — filled in about 35 minutes.

“Even when our system was working to its maximum capacity, it just could not accommodate this event,” said Kishia L. Powell, D.C. Water’s

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