Bankruptcy Banks Equity Residential 
Housing Wire
FEBRUARY 17, 2023
The partnership was made public by Figure on Thursday and comes a day after an announcement from Celsius — which filed for bankruptcy in July 2022 — that it will be acquired by NovaWulf. NewCo is expected to be a public reporting company that is initially 100% owned by Celsius creditors with its common equity provided in a tokenized form.
Housing Wire
SEPTEMBER 29, 2022
MAXEX is an Atlanta-based fintech company that is backed by leading private-equity and capital-markets investors, including J.P. These new programs will expand our reach with bank-statement and other alternative-documentation loans, interest-only, etc., Morgan Chase.
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Realty Biz
SEPTEMBER 25, 2021
Your home equity is the difference between what you owe on your mortgage(s) and what your home is currently worth if you sold it today (the appraised value). For instance, if the remaining balance on your mortgage is $195,000 and the market value is $295,000, you have $100,000 of equity in your home. Your equity increases in two ways.
Housing Wire
MARCH 28, 2022
The figures are drawn from the prime and nonprime (or non-QM) residential mortgage-backed securities deals tracked by Kroll Bond Rating Agency (KBRA). UWM recently rolled out bank statement loans targeting the self-employed as well as investor loans. billion over the first full three months of 2021, the most recent KBRA’s data show.
Housing Wire
MAY 25, 2022
The home itself is a depreciating asset, which makes it difficult for manufactured homeowners to build equity or intergenerational wealth. But when home prices depreciated, it flamed out, and its parent Conseco filed for bankruptcy protection in 2002. The loans, called chattel, are rarely refinanced. That means the 17.5
Realtor.com
MARCH 24, 2021
Many of these loans are held in bank portfolios, where the bank has considerable discretion to offer the type of relief it sees fit, while others are owned by smaller investors or packaged into private-label securities, where the deal documents can govern what types of relief servicers can offer to borrowers.
Notorious ROB
JUNE 12, 2022
At least one major Wall Street bank, Deutsche Bank, has called for a major recession : Deutsche Bank raised eyebrows earlier this month by becoming the first major bank to forecast a US recession, albeit a “mild” one. Now, said zombie company is really dead and enters bankruptcy proceedings.
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