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Summit Funding to lay off staff amid CCM deal

A group of employees at Summit Funding, most of them in back-office roles, are being laid off but may receive job offers from CrossCountry Mortgage (CCM) as part of the companies’ pending M&A deal, according to filings with California authorities. Cleveland-based CCM agreed last week to acquire Sacramento-based Summit Funding, a move that expands its…

HomeLight says more buyers are hungry for down payment help in 2026

As the U.S. housing market continues to face affordability headwinds, buyers are increasingly seeking down payment assistance and exploring alternative housing options, according to HomeLight’s second-quarter 2026 Lender Insights & Predictions report. The report, released Wednesday, polled loan officers from 78 top mortgage companies in February, and it reveals a changing landscape shaped by high…

States bet on by-right housing projects on church land

Unused church property is emerging as a viable housing supply source as two slow-moving trends converge: declining church attendance and an escalating housing affordability crunch. Many congregations have surplus land but tighter budgets, while cities are short on well-located sites for new homes. States and local governments are rewriting zoning rules to make it easier…