Falcon Capital Advisors is pleased to share that it won a research grant from The Center for Impact Finance, with funding provided by the Citi Foundation’s Community Finance Innovation Fund, to support research on Community Development Financial Institutions (CDFI) activity in the single-family mortgage space. The study will be the first to examine how CDFIs support homeownership and do a deep dive into the products offered, the borrowers served, and the business models used by the CDFI lenders.

“This research is extremely timely,” said Armando Falcon, CEO of Falcon Capital Advisors. “The good work CDFIs do to serve homebuyers is ripe for illumination. This research will be a must-read for lenders and investors seeking to understand the CDFI participation in the mortgage market.”


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10.26.21 – Update: New Date for HUD-Held Vacant Loan Sale 2022-1 (“HVLS 2022-1”) – Now December 1, 2021.

09/21/2021

The U.S. Department of Housing and Urban Development (“HUD”) has announced an update to the date for the upcoming HUD-Held Vacant Loan Sale (“HVLS 2022-1”). The new date for this sale is now December 1, 2021, which replaces the previous sale date of November 10, 2021.

The sale will consist of due and payable Secretary-Held loans. The loans are first liens secured by 1 to 4-unit, vacant residential properties where the last surviving borrower is deceased. This sale will include increased bidding opportunities for non-profit and state & local government purchasers.

Entities interested in participating can contact the Office of Asset Sales Single Family Transaction Specialist at 1-844-709-0763 or email [email protected] for more information.

For prospective bidders to this sale, please refer to the section on this webpage entitled, For Prospective HUD Asset Sale Bidders, to become a qualified bidder and receive the Bidder Information Package for HVLS 2022-1.

Q&A with Tim Renner, Co-Chair of the MISMO eVault Standards Development Workgroup

05/12/2022

What are the MISMO eVault Standards DWG? • The MISMO eVault Standards DWG is a development workgroup formed by MISMO to create mortgage industry standards for eVaults. Why are eVault Standards important to the mortgage industry? • Two primary functions of eVaults are to store electronic records such as eNotes and to send and receive […]

Brief Takeaways from MISMO’s Winter Summit By Tim Cooper, Manager, Digital Practice

02/08/2022

The U.S. Department of Housing and Urban Development (“HUD”) has announced an update to the date for the upcoming HUD-Held Vacant Loan Sale (“HVLS 2022-1”). The new date for this sale is now December 1, 2021, which replaces the previous sale date of November 10, 2021.

The sale will consist of due and payable Secretary-Held loans. The loans are first liens secured by 1 to 4-unit, vacant residential properties where the last surviving borrower is deceased. This sale will include increased bidding opportunities for non-profit and state & local government purchasers.

Entities interested in participating can contact the Office of Asset Sales Single Family Transaction Specialist at 1-844-709-0763 or email [email protected] for more information.

For prospective bidders to this sale, please refer to the section on this webpage entitled, For Prospective HUD Asset Sale Bidders, to become a qualified bidder and receive the Bidder Information Package for HVLS 2022-1.