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 426

Mortgages Bankruptcy Loans Equity 426

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.

Equity 417

Equity Bankruptcy Loans Mortgages 417

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.” Any time we see exits and consolidations we tend to see a dip in industry production for a time,” McCue said. “In This is a different situation.”

Mortgages 445

Mortgages Bankruptcy Principal Finance 445

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 417

Mortgages Bankruptcy Lending Loan Officer 417

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. How far are we into the industry’s consolidation?

FHA loan 446

FHA loan Bankruptcy Marketing Loans 446

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. The final amount will be determined by the trial judge. million.

Banks 405

Banks Bankruptcy Commercial Equity 405

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 413

Bankruptcy Loans Mortgages Equity 413

Housing Wire

FEBRUARY 5, 2021

“We have assembled the best in the industry and they have provided the rocket fuel to succeed,” Stearns said. 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.

Lending 368

Lending Bankruptcy Mortgages Title 368

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. Black Knight is a proven mortgage industry leader in servicing technology. Originations. Secondary Marketing.

Lending 406

Lending Bankruptcy Equity Loans 406

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. HW: Almost every area of housing is focused on improving the consumer experience.

Title 379

Title Loans Equity Title search 379

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. And while Zillow has scrapped iBuying, which all evidence so far points to as a money-hemorrhaging industry , Kelman said that Redfin will stay the course. “We When in doubt we go low.”.

Bankruptcy 395

Bankruptcy Brokerage Title Equity 395

Housing Wire

OCTOBER 13, 2022

The firm specializes in asset-backed credit, whole loans and private equity. Capasse sees the headwinds facing the independent mortgage banking industry over the next couple years as being near hurricane-force in their impact. “We There likely will be 40 to 50 deals done this year. Garth Graham, senior partner at stratmor group.

Mortgages 370

Mortgages Marketing Banks Loans 370

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. We see more folks turning their attention to the non-QM space, and we see volumes growing.”.

Marketing 370

Marketing Lending Loans Bankruptcy 370

Housing Wire

SEPTEMBER 18, 2023

Tom George : The way Constellation operates is that we focus on acquiring vertical market software companies and portfolios of vertical market software companies with the intent to stay in these industries forever. How does the company expect to manage profit amid industry consolidation , bankruptcies and attrition?

Technology 481

Technology Mortgages Bankruptcy Industrial 481

Propmodo

APRIL 30, 2024

Those in the industry holding out for cuts could soon consider selling assets, handing the keys back to the lenders, or halting projects altogether. After years of high times and low rates, the hangover is lasting longer than the industry wants it to, and people are looking for relief to weather the adverse effects.

Commercial 67

Commercial Bankruptcy Investor Equity 67

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. We’re prepping as if this is going to be a 12- to 24-month downcycle for us as an industry. Non-QM lender First Guaranty Mortgage Corp. That’s probably a little more common than people think.”.

Lending 383

Lending Banks Bankruptcy Loans 383

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 376

Marketing Debt-to-income ratio Loans Mortgages 376

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. This crash didn’t just affect the real estate industry. Other fields also faced bankruptcy due to credit issues.

Pre-approval 91

Pre-approval Bankruptcy Banks Loans 91

Housing Wire

MARCH 28, 2022

Consequently, the hunt is on for opportunities in the purchase market, and that’s why non-QM lending is expected to become a sweet spot in the mortgage market, according to industry observers. Non-QM guidelines iterate on a quarterly basis, sometimes on a monthly basis,” Yoon said.

Loans 370

Loans Lending Investor Mortgages 370

Realty Biz

SEPTEMBER 30, 2023

Longer time to build equity: With a higher interest rate and potentially larger down payment, it may take longer for you to build equity in your home. However, generally, a credit score below 620 is often seen as a lower credit score in the mortgage industry. This adds an additional cost to your monthly payments.

Finance 97

Finance Debt-to-income ratio FHA loan Mortgages 97

The Close

JANUARY 20, 2023

Wholesale real estate investing is a good choice if you’re looking for short-term opportunities to break into the investing industry by leveraging your existing skills as an agent. This means that you may need to create a plan for marketing to homeowners in foreclosure or divorce and bankruptcy attorneys. These are good exit points.

Investor 90

Investor Finance MLS Property Management 90

Marco Santarelli

JULY 25, 2022

Instead, they will lose their homes to foreclosure and often file for bankruptcy in the process. The previous housing bubble in the United States in the mid-2000s was caused in part by another bubble, this time in the technology industry. By 2000, the Nasdaq peaked, and when the tech bubble burst, many high-flying equities plummeted.

Marketing 52

Marketing Lending Mortgages Equity 52

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. The growth of this fragmented market requires standardization to meet the long term needs of the consumer and the industry, [and] MAXEX is committed to providing that, just as we have for jumbo loans.”.

Marketing 382

Marketing Pre-approval Investor Bankruptcy 382

App Folio

DECEMBER 18, 2020

To better understand where the real estate industry is headed, we reached out to top thought leaders from residential property management, community associations management, and investment management to learn more about their experiences in 2020 and what they are doing to prepare for the year ahead. . What will 2021 bring? Listen now: ? ?.

Industrial 105

Industrial Property Management Investor Technology 105

Housing Wire

JANUARY 31, 2022

MSP is a single, comprehensive platform used by servicers of all sizes to support a wide range of loan products, including first mortgages and home equity loans and lines of credit on a single system. MSP is used to service approximately 36 million loans,” Black Knight President Joe Nackashi said. Anthony Jabbour, CEO.

Loans 359

Loans Bankruptcy Equity Investor 359

The Close

DECEMBER 27, 2022

Foreclosure filings begin to increase as financially distressed homeowners no longer have the option to refinance and access their equity, and the tighter market gives them few options to sell or downsize. Affordability, along with new industry and jobs, has made the area an attractive place to live.

Investor 91

Investor Staging Marketing Banks 91

HomeLight

APRIL 29, 2022

Since its inception, Zillow has become a massive player in the online real estate industry. This site also lists whether a property is in bankruptcy, preforeclosure , or foreclosure. You’ll also be able to see property debt info, equity and profit potential, and ownership information. today Zillow has over 130 million listings.

Agents 94

Agents Bankruptcy Loans Sales 94

HomeLight

AUGUST 16, 2021

This is the show where you’ll learn what’s working right now from the best real estate agents and industry experts in the country. So when someone hasn’t paid 12 to 18 months of payments, that’s gonna eat up a very large portion of equities. At HomeLight, we believe in real estate agents. Christina: Sure.

Marketing 75

Marketing Short sale Bankruptcy Banks 75

Housing Wire

MARCH 10, 2022

In one of the bulletins, the watchdog listed seven potential schemes that a borrower in financial distress could fall victim to, including a fake government modification scheme, rent-to-own scheme, and foreclosure and bankruptcy schemes. HUD’s home equity conversion mortgage program accounts for most of the reverse mortgage market.

Bankruptcy 386

Bankruptcy Loans Mortgages Title 386

HomeLight

JUNE 16, 2023

If you’re a homeowner with consumer or student debt, it’s tempting to tap into your home’s equity with a cash-out refinance to pay down these balances. Homeowners may refinance to secure a lower interest rate, change their loan terms, or, as in this case, tap into their home equity.

Fixed-rate mortgage 61

Fixed-rate mortgage Equity Debt-to-income ratio Loans 61

Housing Wire

APRIL 22, 2022

It’s a crisis that one industry executive describes as “a situation where we have to get the pig through the belly of the python.”. I can’t speak broadly for the industry, but we’ve acquired in excess of $500 million between loan trades and forward commitments in the last two weeks. SECURITIZATION & LOAN SALES.

Loans 395

Loans Lending Mortgages Investor 395

Notorious ROB

JUNE 12, 2022

In part 1 , we covered legal and regulatory challenges to the real estate industry. Now, said zombie company is really dead and enters bankruptcy proceedings. Bankruptcies – not yet, but 20% of the 3,000 largest public companies are “zombie companies” . Layoffs are all but inevitable. in return on investment!

Investor 86

Investor Banks Bankruptcy Equity 86

Housing Wire

MARCH 26, 2024

The Home Equity Conversion Mortgage (HECM) program faces stability and viability challenges stemming from the 2022 collapse of a major industry lender and its extinguishment from the HECM-backed Securities (HMBS) program, which could warrant congressional scrutiny if these challenges are not properly addressed by the U.S.

Bankruptcy 397

Bankruptcy Loans Banks Mortgages 397

HomeLight

DECEMBER 2, 2021

A conservative industry estimate might be six months, start-to-finish. Consult an attorney specializing in bankruptcy. in equity from 2019 to 2020. Your home may be worth more than you think, allowing your equity to help cover your debt. The timeline. A short sale can take as little as a few months , but that’s rare.

Short sale 83

Short sale Sales Loans Banks 83

Toronto Realty Blog

DECEMBER 19, 2023

In this post, I provided the following reasons: 1) Zoning and approval 2) Economic viablity 3) Financing 4) Bankruptcy 5) The ability to cancel and re-sell without reprisal While a couple of the points are repeated from the previous blog post, the explanations and reasoning are completely different. There’s your starting point!

Pre-approval 82

Pre-approval Construction Development Agents 82

HomeLight

JULY 31, 2021

Here’s a little background on what cash buyers tend to prioritize and look for when they make an offer, according to experts in the real estate and investing industry we spoke with directly. Value-add is the process of remodeling a home or complex to increase the value and add equity,” Shipwash explains. “In Motivated sellers.

Earnest money deposit 98

Earnest money deposit Inspection Proof of funds Inspection contingency 98

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. Manufactured homes are no more vulnerable than site-built homes in extreme weather events, industry groups claim. The loans, called chattel, are rarely refinanced. That means the 17.5

Finance 415

Finance FHA loan Loans Bankruptcy 415