Housing Wire

OCTOBER 31, 2022

One of the unsung heroes of the most prolonged economic and job expansion ever recorded in history was the passing of the 2005 Bankruptcy Reform Act and the 2010 qualified mortgage rule under Dodd-Frank. As we can see below, the bankruptcy levels were extremely high before the bankruptcy law was passed in 2005.

Bankruptcy 513

Bankruptcy Lending Equity Mortgages 513

Realty Biz

APRIL 5, 2022

One of the frequently asked questions during today’s booming housing market is can I qualify for a mortgage during Chapter 13 Bankruptcy. Chapter 13 Bankruptcy is a court-approved debt repayment plan where their debts are restructured over a period of three to five years. Mortgage Options During Chapter 13 Bankruptcy.

Bankruptcy 120

Bankruptcy Debt-to-income ratio VA loan FHA loan 120

Housing Wire

JANUARY 11, 2024

In the initial October complaint, TCB alleged that the government-owned company “extinguished, in return for no consideration, TCB’s first priority lien on tens of millions of dollars in collateral” stemming from the Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage (HECM) program.

Lending 370

Lending Bankruptcy Mortgages Principal 370

Housing Wire

DECEMBER 27, 2022

They are not selling and have a lot of equity in their homes. Homeowners in 2022 also tapped into their home equity, which peaked at $11.5 trillion in the second quarter of 2022, capitalizing on home equity loans and home equity line of credit (HELOC).

Equity 493

Equity Marketing Loans Bankruptcy 493

Housing Wire

FEBRUARY 8, 2024

Bankruptcies and foreclosures After 2010, the qualified mortgage laws came into play and all the exotic loan debt structures in the system, especially in the run-up in demand from 2002 to 2005, disappeared. Renters, younger renter households and those with lower FICO scores are the ones showing credit stress today.

Bankruptcy 396

Bankruptcy Equity Loans Mortgages 396

Housing Wire

JANUARY 16, 2024

Released on Tuesday morning, the move is a further attempt to address the well-documented liquidity challenges that have been plaguing the reverse mortgage business for most of the past year, stemming from the late 2022 bankruptcy of Reverse Mortgage Funding (RMF), the run-up in interest rates and a precipitous drop in loan volume.

Mortgages 371

Mortgages Bankruptcy Loans Equity 371

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.

Bankruptcy 263

Bankruptcy Equity Technology Lending 263

Housing Wire

DECEMBER 27, 2023

There were also a few cases of bankruptcy. HousingWire tracked 62 mergers, acquisitions, exits and bankruptcies covered by the newsroom in 2023. bankruptcies. Those who couldn’t find a dance partner shut down production channels or left the mortgage market behind entirely. exits and 3.2%

Mortgages 369

Mortgages Bankruptcy Lending Loan Officer 369

Housing Wire

FEBRUARY 23, 2024

In 2023 alone, the mortgage industry saw a total of 62 merger and acquisition transactions, lender exits and bankruptcies. To court more clients, Rocket launched products targeted at accumulated home equity levels and potential homebuyers who face affordability challenges. The BUY+ program provided borrowers a credit equal to 1.5%

Equity 368

Equity Bankruptcy Loans Mortgages 368

Housing Wire

SEPTEMBER 22, 2023

For existing homeowners, that’s good news because it means equity accumulation. These loans are going to refinance, and the consumer will be in good shape, building equity to become a move-up buyer. Kim: Bankruptcies and layoffs are still happening. Duncan: I was looking at the bankruptcy data. to 6% over the cycle.

FHA loan 424

FHA loan Bankruptcy Marketing Loans 424

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.

Equity 91

Equity Loans Bankruptcy Mortgages 91

Housing Wire

SEPTEMBER 8, 2022

For the traditional homeowner who bought a home many years ago and has seen their nested equity position explode higher, this isn’t much of an issue. If they lost their job, they have a lot of equity in their home, and most likely their financials have gotten better over time.

Loans 543

Loans Banks Equity Closing costs 543

Housing Wire

MARCH 1, 2024

The funds will ultimately go to companies including Mirae Asset Securities , Industrial and Commercial Bank of China Financial Services (ICBC), Flagstar Bank , Customers Bank and the bankruptcy estate of Live Well itself, according to court filings reviewed by RMD. million.

Banks 324

Banks Bankruptcy Commercial Equity 324

Housing Wire

FEBRUARY 22, 2024

Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) announced the launch of an inquiry into Ginnie Mae ’s monitoring of now-bankrupt lender Reverse Mortgage Funding (RMF), and its extinguishment from the Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program.

Bankruptcy 342

Bankruptcy Loans Mortgages Equity 342

Housing Wire

JANUARY 4, 2024

When assessing December’s Home Equity Conversion Mortgage (HECM) volume data for December 2023, Reverse Market Insight (RMI) used a choice word as the title for its commentary : “thud.” This is a different situation.”

Mortgages 391

Mortgages Bankruptcy Principal Finance 391

Housing Wire

NOVEMBER 6, 2020

” The letter outlines the categories of affected customers: “In early March, Wells Fargo began providing forbearances to customers in active bankruptcy proceedings if we identified a court filing indicating that the customer may have been suffering a COVID-19-related hardship.”

Bankruptcy 257

Bankruptcy Banks Equity Loans 257

Housing Wire

FEBRUARY 5, 2021

At the time, the bankruptcy was being conducted by Blackstone , the private equity giant that acquired a majority stake in Stearns parent company, Stearns Holdings , back in 2015. The process eventually saw Blackstone obtaining full ownership of Stearns Holdings, and therefore Stearns Lending.

Lending 312

Lending Bankruptcy Mortgages Title 312

Housing Wire

FEBRUARY 18, 2022

Redfin plans to completely revamp its mortgage services in 2022 following the expected acquisition of Bay Equity Home Loans in the second quarter. He repeatedly mentioned that the company had fallen into bankruptcy and was “not on track” to even make a profit before subtracting operating expenses.

Bankruptcy 387

Bankruptcy Brokerage Title Equity 387

Housing Wire

NOVEMBER 2, 2020

As a premier provider of innovative, high-performance software, data and analytics for mortgage and home equity lending and servicing, Black Knight is transforming the housing finance industry. The comprehensive MSP servicing system supports all areas of loan servicing for both first mortgages and home equity products.

Lending 377

Lending Bankruptcy Equity Loans 377

Housing Wire

APRIL 10, 2023

And all of this helps create a more integrated (and more importantly, streamlined) lender-title workflow that empowers the collective to achieve the all-elusive 5-day close for home equity or 10-day close for refinance. Now, it’s not uncommon to find these and other potential issues during the title search and curative process.

Title 311

Title Loans Equity Title search 311

Housing Wire

DECEMBER 29, 2021

On top of all that, the nested equity position of American homeowners has never looked better. has not been as hot as in other countries, but the nested equity position is so much better now than the peak of the housing bubble years. This means all homeowners are legit and those who are cashing out on their homes are all good as well.

Marketing 524

Marketing Equity Construction Bankruptcy 524

Housing Wire

OCTOBER 13, 2022

The firm specializes in asset-backed credit, whole loans and private equity. For the buyers — other better-positioned industry players, including competing IMBs, private-equity firms, real estate investment trusts, banks and more — that means solid assets will be available at bargain-basement prices. “[The

Mortgages 355

Mortgages Marketing Banks Loans 355

Housing Wire

FEBRUARY 8, 2022

The pool of non-QM borrowers includes real estate investors, property flippers, foreign nationals, business owners, gig workers and the self-employed, as well as a smaller group of homebuyers facing credit challenges, such as past bankruptcies.

Marketing 337

Marketing Lending Loans Bankruptcy 337

RIS Media

AUGUST 19, 2021

In most states, a certain dollar amount of home equity is exempt from creditors under the Homestead Exemption. Should You Declare Bankruptcy? If you have a lot of home equity and a creditor would be likely to foreclose to collect a debt, you might be thinking about declaring bankruptcy to protect your house.

Bankruptcy 98

Bankruptcy Equity Loans Commercial 98

Housing Wire

SEPTEMBER 18, 2023

How does the company expect to manage profit amid industry consolidation , bankruptcies and attrition? Dugan: We’ve also delivered digital portals for each one of our business channels within Empower, which would include retail, wholesale, correspondent, home equity and assumptions. Gagliano: We’ve seen a strong pipeline.

Technology 458

Technology Mortgages Bankruptcy Industrial 458

Housing Wire

JULY 22, 2022

FGMC) filed for Chapter 11 bankruptcy protection at the end of June — leaving four warehouse lenders on the hook for more than $415 million. I think that’s why you’re seeing more and more people, as far as mom-and-pops [small landlords, who are non-QM borrowers] getting into the housing market as opposed to the equity market moving forward.

Lending 357

Lending Banks Bankruptcy Loans 357

McKissock

AUGUST 7, 2022

When people could not make their mortgage payments, the housing bubble burst and thousands of homes were foreclosed, multiple big-name lenders declared bankruptcy, and the market required government bailouts. Other fields also faced bankruptcy due to credit issues. This crash didn’t just affect the real estate industry.

Pre-approval 91

Pre-approval Bankruptcy Banks Loans 91

Realtor.com

FEBRUARY 4, 2022

“This protects not only the equity in your home but other assets that could be lost should a claim arise.” Homestead exemption: So what if, instead of a lawsuit, you’re facing a creditor or bankruptcy? In California, $75,000 to $150,000 in equity is insulated from creditors.”.

Equity 115

Equity Bankruptcy Loans Mortgages 115

Housing Wire

DECEMBER 8, 2021

This idea is that American citizens who are financially sound, have great cash flow, a vast amount of nested equity built-in, and live in a nice home will all of a sudden sell their homes at a major discount to the market bid in an attempt to get out at any cost. Recently, I have noticed a few people bring up the notion of panic selling.

Bankruptcy 514

Bankruptcy Loans Sales Short sale 514

Realty Biz

MAY 26, 2021

is mostly concentrated in retirement accounts and home equity. Considering 29% of an average American’s wealth comes from home equity, this means most Black families have less than $4,000 in home equity. Many of them may be going into debt paying for housing and could face foreclosure or bankruptcy. Census report.

Equity 113

Equity Bankruptcy Mortgages As-is 113

Housing Wire

MARCH 28, 2022

The sponsors and loan aggregators in the private label securities (PLS) deals that have come to market so far this year include affiliates of real estate investment trusts, private equity firms as well as more familiar names in the non-QM space, such as Verus Mortgage Capital , Ellington Financial , Angel Oak and Deephaven Mortgage.

Loans 343

Loans Lending Investor Mortgages 343

Housing Wire

JANUARY 4, 2022

Most of the buyers are move-up buyers, and if you’re moving up to buy the property, you’re tapping into the equity from the property you’re selling, which is also going up in value 20% [year-over-year],” he added. “I I don’t think we’re seeing a lot of 3%- or 5%-down mortgages on those higher-priced homes. …

Marketing 300

Marketing Debt-to-income ratio Loans Mortgages 300

HomeLight

NOVEMBER 9, 2021

According to Benson, homeowners sometimes contact her directly for an appraisal if they need to know how to price their home, if they’re getting ready to retire, or if they’re declaring bankruptcy. You might also refinance if you need to dip into your home equity (the difference between what you owe and what your home is worth).

Purchase and sale agreement 90

Purchase and sale agreement Equity Bankruptcy Finance 90

Housing Wire

NOVEMBER 27, 2023

Reali , another proptech company founded by Heller and Avrahami, shut down in 2022 after raising more than $290 million in debt and equity funding. Veev was founded in California, in 2008 by Amit Heller, Ami Avrahami, and Dafna Akiva.

Bankruptcy 425

Bankruptcy Investor Inspection Staging 425

Realty Biz

JULY 14, 2021

Unlike most other states, Florida protects your home from foreclosure, even if you file for bankruptcy. Fort Myers golf homes have equity and bundled golf communities along with comfort, luxury, and quality of life. Be sure to factor in additional insurance costs when working out how much you can afford each month for your mortgage.

Bankruptcy 109

Bankruptcy Closing costs Equity Agents 109

HomeLight

AUGUST 31, 2020

This means that you cannot sell your house and pocket any equity from the sale until that tax lien debt is satisfied. As that tax debt piles up, it’ll swiftly eclipse any equity that you’ve built up in your home. But you cannot wait to use equity from the completed home sale to pay it off. What is a tax lien on a home?

Bankruptcy 95

Bankruptcy Equity Title Closing 95

RIS Media

JANUARY 29, 2021

After a bankruptcy, foreclosure or short sale, a prospective homebuyer may have to wait a period of time before taking out a new prime mortgage. A high loan-to-value ratio means that an Alt-A borrower will have little or no equity. With Alt-A mortgages, lenders may be more flexible with DTI ratios. Is an Alt-A Mortgage Right for You?

Debt-to-income ratio 91

Debt-to-income ratio Mortgages Bankruptcy Loans 91