Unparalleled Grand Opening for Pacific Communities Builders, Inc. in Palmdale
Pacific Wildflower Plan Model Home
Pacific Wildflower features 95 homes with unique modern style, great indoor\/outdoor living spaces, and single and two-story open floorplans in Palmdale. These homes range from 2,179 to 3,230 square feet and up to five bedrooms.
After much anticipation, Pacific Wildflower had its grand opening on July 30, 2022, with many attractions such as Fresh off the Grill Taco Truck and homebuyer prizes. The event was a smashing success and concluded with Pacific Wildflower selling four homes within hours of opening, showcasing that buyers' demand for a superior product is still very strong.
Pacific Communities is grateful for its buyers who put their trust and savings in its product and applaud them for understanding that there is no better investment for them and their families than buying a new home.
Pacific Communities Builder is a respected and well-established developer with over 30 years of experience and over 5,000 homes delivered. In fact, Pacific Communities is the largest home builder in the Antelope Valley by land holdings and has been recently selected as Builder of the Year by the Building Industry Association Baldy View Chapter.
Through its Smart by DesignSM philosophy, Pacific Communities' homes feature space-efficient open floor plans, convenient downstairs bedrooms and baths, large entertainment lofts, vaulted ceilings, and gourmet kitchens with impressive islands.
Pacific Communities is extremely excited about the opportunity to repeat Wildflower's success at its next grand opening on 8.13.22 at 1 p.m. for the sister community Creekside Encore located in West Palmdale at 2105 Cork Oak Street Palmdale, CA 93551.
Pacific Creekside Encore will be the newest community to be built and stands apart from its competitors in terms of design and layout. As the interest list grows daily, prospective buyers are encouraged to learn more about Pacific Communities' products and design by visiting the website at PacificCommunities.com.
Contact:
Kendra Sanchez
Pacific Communities Builders, Inc.
Marketing Manager
[email protected]
949-560-7308
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Original Source: Unparalleled Grand Opening for Pacific Communities Builders, Inc. in Palmdale
CMG Financial’s Tara Pettersen Named 2022 HousingWire Woman of Influence
Tara Pettersen, Chief Compliance Officer at CMG Financial
Tara Pettersen, Chief Compliance Officer at CMG Financial and 2022 HousingWire Woman of Influence
CMG Financial's Chief Compliance Officer, Tara Pettersen, was honored by HousingWire as one of its 2022 Women of Influence. This annual award recognizes women in the housing industry who are making notable contributions to their companies and to the industry at large. Tara was honored for her inspiring leadership, caring mentorship, and ability to transform her department to better protect the company and its consumers from risks or losses.
Since joining CMG in 2014, Tara has made a distinct impact both professionally and personally. She initially joined CMG to handle licensing, but quickly transitioned to Fraud Manager. With her talent and experience, she transformed the entire compliance department by redesigning its framework, hiring and training over 50 new team members, and establishing a risk management department. She eventually rose to the role of Senior Vice President (SVP) of Risk Management, but it didn't take long for her to become the company's Chief Compliance Officer. Despite the massive growth she's overseen in her department, Tara still prioritizes building strong relationships with every member of her team. As a leader, she recognizes that to get the best out of her team, she must invest in them — not just as employees but as people.
"Throughout Pettersen's 29-year career, she has maintained a distinct leadership style that inspires those around her to reach for greatness," states HousingWire. "She mentors risk managers with grace and kindness, acting as an instrumental aid in their career development."
Tara's supervision of the quality control area has been proven successful by investors as it identifies potential loan errors and addresses how CMG intends to lower origination risk. She has made exhaustive efforts to ensure counterparties and vendors uphold their contractual obligations. With her efforts in recent months, Tara has improved CMG's regulatory compliance framework and ensured company operation within agency guidelines and investor agreements. This is evidenced by CMG's ability to maintain over 4,000 state licenses across the country while also adding several loan programs and initiatives over the past year. Both of these initiative and program efforts required extensive compliance structuring and coordination in order to adhere to different federal and state regulations.
"Among their outstanding achievements, these women are using their platforms to support and empower others in the industry while simultaneously improving processes that can provide greater access to homeownership for women," writes Lesley Collins, HousingWire Program Manager for the Editor's Choice Awards. "Congratulations to this year's winners."
To find out what it's like to work with inspirational leaders like Tara, visit: www.cmgfi.com/careers/recruiting.
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About CMG Financial
CMG Financial is a well-capitalized, privately held mortgage-banking firm founded in 1993. The company makes its products and services available to the market through three distinct origination channels: Retail Lending, Wholesale Lending, and Correspondent Lending.
CMG Financial currently operates in all states, including District of Columbia, and holds federal agency lending approvals with HUD, VA, RHS, GNMA, FNMA and FHLMC. Throughout the mortgage banking and housing markets, CMG Financial is widely known for responsible lending practices, industry and consumer advocacy, product innovation, and operational efficiency.
About HousingWire
HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets. Built on a foundation of independent and original journalism, HousingWire reaches over 60,000 newsletter subscribers daily and over 1.0 million unique visitors each month. Our audience of mortgage, real estate and fintech professionals rely on us to Move Markets Forward. Visit www.housingwire.com or www.solutions.housingwire.com to learn more.
Media Contact:
Annaugh Madsen
Phone: (667) 260-6360
Email: [email protected]
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Original Source: CMG Financial's Tara Pettersen Named 2022 HousingWire Woman of Influence
Korean Toy Company ‘Young Toys’ Enters ‘DeNations’ Metaverse
'Young Toys', a Korean toy company, signed MOU to join DeNations metaverse.
DeNations metaverse is the world's first nations-based metaverse which currently has 195 nation NFTs inspired by real-world data. DeNations recently released land NFT, which will serve as territories of the nations. DeNations users can own the nations and lands to earn tokens by expanding their territories.
Young Toys is a Korean toy company that produced brands like Secret Jouju, Tobot, and Kongsuni. These toys each have their own animated series, and Kongsuni is being aired until now. The company's history starts in 1980 and it is currently focusing on its vision to make a better future for the kids by inspiring them with its toys.
Through the partnership with DeNations, Young Toys will be owning one of DeNations 'Meta Land'. Young Toys can utilize the 'Meta Land' to interact with the DeNations users and carry out various activities. Also, DeNations users will be able to collect special resources near Young Toys 'Meta Land' to create exclusive NFT. The exclusive NFT can be used for upgrading owned nations and lands. Also, they can be traded on open markets. The officials stated that companies strive to create a partnership that elevates their user content experience. Collaboration details will be announced on DeNations' social media.
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Original Source: Korean Toy Company 'Young Toys' Enters 'DeNations' Metaverse
BoomTown Launches Full Suite of Back Office and Transaction Management Capabilities to Manage Entire Client Lifecycle
CHARLESTON, S.C. - August 4, 2022 - (Newswire.com)
BoomTown, the leading cloud-based sales and marketing automation platform for real estate professionals, announced the launch of back office capabilities through an expanded integration with Brokermint, real estate's leading cloud-based back office and transaction management software, which was acquired by BoomTown.
Fragmented customer relationship management and back office solutions cause duplication of effort and business inefficiencies, a problem that has plagued the real estate industry for years. Unlike other integrations, this unification of the data layer is the critical component that powers the deep integration and allows agents to seamlessly align the BoomTown and Brokermint platforms, answering the need for an end-to-end solution. While agents, team leaders, and brokers utilize BoomTown's lead generation and customer relationship management solutions, administrative teams can now work in the back-office solution, which handles everything from commissions, offers, and e-signatures, to accounting, transaction management and reporting, and all information is seamlessly synced. It provides visibility into the entire business transaction, and ensures information is accurate, and all relevant parties enjoy a streamlined and efficient process from lead-to-close.
"This enhanced integration is closing the loop on the real estate transaction process and fostering 'clients-for-life' for our customers by enabling offices to manage their client relationships from first click to close, and deliver more value at every step," said Grier Allen, CEO of BoomTown. "It eliminates inter-office inefficiencies, helps business owners identify opportunities, and creates a solid foundation for continued innovation between front office and back office."
"The deep integration between the front-end BoomTown solution and back-end Brokermint solution, and the efficiency gains and holistic company view that it delivers, are changing the game," said Chad Priest, Broker in Charge of The Flowertown Group. "Unlike other integrations that still require manual updates and maintenance, this includes data from transactions and commissions, to contact data and user information, so we can confidently manage every front-office and back-office task in one place."
About BoomTown
BoomTown exists to make real estate agents successful. 100,000+ of the industry's top professionals trust BoomTown to grow their business with easy-to-use technology. Capabilities include a website with local MLS data, success management, a CRM system with marketing automation, advertising and lead generation, a mobile app, transaction management, commissions, and accounting. BoomTown's services include lead qualification, dedicated advisors for onboarding, training, and coaches. Founded in 2006 and headquartered in Charleston, SC, BoomTown has offices in Carlsbad and San Francisco, CA. BoomTown's brands include some of the most trusted solutions in real estate like Brokermint, real estate's leading back-office and transaction management software, and MyAgentFinder. Visit boomtownroi.com.
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Original Source: BoomTown Launches Full Suite of Back Office and Transaction Management Capabilities to Manage Entire Client Lifecycle
Proposed California Law Restricts Homeownership, National Diversity Coalition Says
SACRAMENTO, Calif. - August 4, 2022 - (Newswire.com)
The Senate Appropriations Committee will vote on Aug. 11 whether to approve AB 1837 (author Mia Bonta, co-author Nancy Skinner), a law that advocates say has the potential to convert almost all foreclosed residential homes in California into rental units. According to ATTOM data, there were 12,800 foreclosure starts across the state of California in the first half of 2022, up 219% from last year[1].
"This is likely an unintended consequence that the bill authors didn't see," says Andre Chapple, Board Member of the National Diversity Coalition and Chief Executive of the African American Empowerment Coalition. "Instead of elevating people out of poverty, the new bill traps them in it."
Background
AB 1837 revises the "Homes for Homeowners, Not Corporations" program (SB 1079), which became effective in 2021. The current law allows prospective homeowners and mission-oriented organizations a 'last look' to buy homes that go to foreclosure auction, which are usually purchased by corporations. The intention of the program is to recirculate homes to owner-occupants and first-time homebuyers.
But advocates say that the new bill does the opposite of promoting home ownership because it restricts the homes as 'affordable housing' for at least 30 years. New homeowners of these properties would still need to shell out down payments, take out mortgage loans and pay for all home repairs. But when they try to sell, owners would need to sell the home for roughly the same price that they bought it. Sellers could even end up "under water" (owing money at closing) to keep the property 'affordable' for the next homeowner if the economy goes into recession and average wages decrease. The average American moves 12 times in their lifetime, or roughly once every seven years[2].
According to Jack Miranda, Board Member of the National Diversity Coalition and Executive Director of the Jesse Miranda Center for Hispanic Leadership, "They may be called homeowners, but the law basically turns these properties into rentals without a landlord to replace the furnace when it breaks." He added, "We appreciate the intention to keep homes affordable, but we can't put the entire burden of fixing California's affordability crisis on the backs of our minority and low-income communities."
The new law has a loophole - prospective homeowners who can buy a home with cash are not subject to the affordability restriction. Foreclosure sales require buyers to pay with all cash. According to the Federal Reserve Board's latest Study of Consumer Finances, the average American only has $5,300 of savings in their bank accounts[3], while the average California home cost $865,000 in June 2022, according to the California Association of Realtors[4].
About National Diversity Coalition
National Diversity Coalition is a 501c3 nonprofit advocacy organization that represents almost 3 million diverse and minority constituents across the state of California from San Francisco Bay area, Central Valley, Greater Los Angeles, and San Diego.
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For more information, press only:
Prachi Kohli
650-952-0522
www.nationaldiversitycoalition.org
[3]https://www.federalreserve.gov/econres/scfindex.htm
[4]https://www.car.org/en/marketdata/data/countysalesactivity/
Related Files
AB1837_Amended Version 6.23.2022.pdf
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Original Source: Proposed California Law Restricts Homeownership, National Diversity Coalition Says
