Housing Wire

MARCH 30, 2025

Also, the foreclosure and bankruptcy data isnt even back to pre-COVID-19 levels. This weekend, there has been a lot of discussion on social media surrounding homeowners’ delinquency data. Its not even a clever lie. As always, you have to examine the data closely before concluding anything on the internet.

Fixed-rate mortgage 541

Fixed-rate mortgage Bankruptcy Loans Commercial 541

Housing Wire

MAY 16, 2024

Across all states, California poses the highest risk of bankruptcy for Americans ages 65 and older, according to a study released by personal finance website Moneywise. citizens at the greatest risk of bankruptcy. The study analyzed 11 factors to determine which states put elderly U.S.

Bankruptcy 449

Bankruptcy Debt-to-income ratio Finance As-is 449

Housing Wire

JUNE 4, 2024

Hometown Lenders has filed for Chapter 11 bankruptcy protection in Alabama, blaming the Federal Reserve’s policy to curb inflation for its debacle. “After exhausting all reasonable alternatives, Debtor has determined that a resolution outside of this Bankruptcy Court cannot be fairly and equitably achieved,” it states.

Bankruptcy 408

Bankruptcy Banks Principal Investor 408

Housing Wire

AUGUST 25, 2023

filed for Chapter 11 bankruptcy protection in Delaware, just two months after it got back into the forward mortgage origination business. Bankruptcy Court for Delaware. Other creditors in the AmeriFirst bankruptcy with unsecured claims exceeding $500,000 include – RCP Customized Credit Fund ($5.97 million, court pleadings show.

Bankruptcy 370

Bankruptcy Mortgages Loans Lending 370

Housing Wire

JANUARY 17, 2024

The bankruptcy plan administrator for Reverse Mortgage Investment Trust (RMIT), the parent company of former industry lender Reverse Mortgage Funding (RMF), has filed a court petition to convert from Chapter 11 bankruptcy to Chapter 7 bankruptcy. TCB and Ginnie Mae dispute RMIT filed for Chapter 11 bankruptcy in November 2022.

Bankruptcy 430

Bankruptcy Finance Loans Mortgages 430

Housing Wire

JUNE 30, 2022

(FGMC) and its holding company, Maverick II Holdings LLC, filed for Chapter 11 bankruptcy protection Thursday, June 30, leaving one of the country’s major warehouse lenders as its largest unsecured creditor, according to court filings. The lender then filed for Chapter 11 bankruptcy on Thursday, June 30. million.

Bankruptcy 370

Bankruptcy Banks Finance Lending 370

Housing Wire

APRIL 18, 2025

The joint venture initiated a voluntary bankruptcy in March 2025, allowing it to put Remines assets up for sale. Real estate technology and agent services firm Place is continuing its acquisition spree. On Thursday, the firm announced that it had purchased real estate software firm Remine for $1.5 million in cash at auction.

MLS 355

MLS Bankruptcy Technology Sales 355

Housing Wire

DECEMBER 19, 2024

This guy was in a Chapter 13 bankruptcy at the time, was behind on credit cards and on his mortgage, and was on the verge of losing his house. He also had mobility challenges, so Rodriguez assisted with filing court documents in conjunction with the reverse mortgage origination process in order to address the bankruptcy.

Bankruptcy 382

Bankruptcy Mortgages Principal Loans 382

Housing Wire

MAY 13, 2025

has avoided a recession since 2010 (excluding the impact of COVID-19), I believe the QM mortgage law and the 2005 bankruptcy reform law have played significant roles. According to the most recent credit data from the New York Fed , foreclosure data for the housing market is still below 2019 levels. Let’s review the data.

Bankruptcy 453

Bankruptcy Equity Loans Lending 453

Housing Wire

NOVEMBER 12, 2024

According to Home Equity Conversion Mortgage (HECM) endorsement data compiled by Reverse Market Insight (RMI) in early November 2022 — just prior to the halting of originations and its subsequent bankruptcy — RMF was the fifth-largest HECM lender in the country, with 4,804 endorsements over the 12-month period that ended Oct. 31 of that year.

Equity 360

Equity Finance Mortgages Bankruptcy 360

Housing Wire

FEBRUARY 4, 2025

Dara Default offers decisioning, automated workflows, collections, loss mitigation, claims, foreclosure and bankruptcy and an attorney network. Dara Movement and Dara Data are not yet on the market but in a “road map” stage, Sagent confirmed. And Dara Core is nearing beta completion. and planning for version 1.5,

Mortgages 392

Mortgages Bankruptcy Staging As-is 392

Housing Wire

NOVEMBER 26, 2024

With DecisionPoint, we’ve been able to automate key aspects of title production, such as searching bankruptcy records, identifying Office of Foreign Assets Control (OFAC) sanctions, and curative work. Historically, these processes involved multiple manual steps and handoffs, resulting in delays and higher costs.

Title 368

Title Mortgages Title search Bankruptcy 368

Housing Wire

NOVEMBER 27, 2023

Additionally, Veev also stopped paying interest payments on some of its properties in California. The company attributed its difficulties to “the challenging economic environment and declining real estate prices.” Veev’s business model is innovative: it provides pre-inspected, fully cladded walls directly to homebuilders , ready for installation.

Bankruptcy 458

Bankruptcy Inspection Investor Staging 458

Housing Wire

NOVEMBER 14, 2024

There’s always that push and pull between the long-term potential and the challenges the industry has faced, especially after regulatory changes affecting the amount of draws and more recently, the RMF bankruptcy.” They also mentioned the proprietary product suite at their company as a bright spot.

Investor 368

Investor Mortgages Bankruptcy Equity 368

Housing Wire

MAY 15, 2025

Ive helped a lot of divorcees who have terrible credit and people that are a few months out of bankruptcy get into a home. In an era of high mortgage rates and stagnant home sales , a real estate transaction model is making waves by reintroducing and standardizing a once-popular financing method. Why is the real estate market stuck right now?

Finance 370

Finance Lending Bankruptcy Residential 370

Housing Wire

MARCH 27, 2025

MLS Technology Holdings (MLSTH) , a joint venture of four MLS organizations with nearly 150,000 members, initiated an alternative to bankruptcy earlier this month to facilitate the sale of Remines assets, according to legal filings first reported by Inman. The proceeding has been classified as an assignment for the benefit of creditors (ABC).

MLS 279

MLS Sales Bankruptcy Technology 279

Housing Wire

NOVEMBER 21, 2024

There’s always that push and pull between the long-term potential and the challenges the industry has faced, especially after regulatory changes affecting the amount of draws and more recently, the RMF bankruptcy.” FOA’s shares, he said, are not likely “to appreciate meaningfully from current levels.”

Bankruptcy 359

Bankruptcy Finance Equity Mortgages 359

Housing Wire

MARCH 3, 2025

HousingWire tracked 37 mergers, acquisitions, exits and bankruptcies involving originators, servicers, tech platforms, and appraisal and valuation companies in 2024. Bank7 is expanding its mortgage reach in Oklahoma. The community bank has completed its acquisition of First American Mortgage, Inc. , Yukon-based First American Mortgage, Inc.

Mortgages 253

Mortgages Bankruptcy Title Banks 253

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 517

Bankruptcy Lending Equity Mortgages 517

Housing Wire

NOVEMBER 9, 2021

As you can see below, when you lend to the capacity to own the debt, you should never see a rise in foreclosures or bankruptcies unless a job loss recession happens on a massive scale. Let’s take a look at the New York Federal Reserve’s Household Debt and Credit Report for the third quarter, released today.

Bankruptcy 526

Bankruptcy Mortgages Lending Loans 526

Housing Wire

DECEMBER 8, 2020

In all, the Justice Department said the three lenders didn’t comply with federal bankruptcy procedures, which affected a total of 76,000 accounts beginning in 2011. The bank also waived approximately $43 million in fees across its mortgage servicing portfolio, including for borrowers in bankruptcy. Meanwhile, U.S.

Banks 410

Banks Bankruptcy Finance Mortgages 410

Housing Wire

OCTOBER 12, 2023

Bankrupt retail lender AmeriFirst Financial is seeking approval for a private sale of loans from a Delaware bankruptcy judge to pay off two warehouse lenders and fund restructuring costs. AmeriFirst’s request for approval to sell its loans comes less than two months after it filed for Chapter 11 bankruptcy protection in late August.

Loans 410

Loans Bankruptcy Sales Commercial 410

Housing Wire

SEPTEMBER 5, 2023

The announcement comes in the wake of bankruptcy of allegations of fraudulent activity against reinsurer Vesttoo Ltd , which filed for Chapter 11 bankruptcy protection in August. Porch Group announced that its insurance subsidiary Homeowners of America (HOA) has been placed under temporary supervision by Texas regulators.

Bankruptcy 410

Bankruptcy Development Banks Industrial 410

Housing Wire

JUNE 13, 2025

Kind Lending , a national wholesale mortgage lender and his second brainchild, is built on lean operations and a focus on efficiency — a contrast with his first company, Stearns Lending, which filed for Chapter 11 bankruptcy in 2019. Mortgage veteran Glenn Stearns is taking a different approach with his latest venture. We’ve been profitable.

Mortgages 213

Mortgages Lending Purchase and sale agreement Bankruptcy 213

Housing Wire

JULY 28, 2023

It follows a request from the shuttered lender to halt the agreement due to an involuntary bankruptcy petition filed by three creditors. New Wave Lending Group , JMJ Financial Group and EF Mortgage filed on July 5 an involuntary petition against Sprout under Chapter 7 of the Bankruptcy Code in a New York court, claiming the lender owes $1.3

Bankruptcy 363

Bankruptcy Banks Mortgages Loans 363

Housing Wire

MARCH 19, 2025

Kind Lending was founded by industry titan Glenn Stearns just days before the onset of the COVID-19 pandemic in 2020, which followed the bankruptcy of his previous company, Stearns Lending. Chief operating officer Tammy Richards is taking on a new role at Kind Lending. The case is still ongoing.

Lending 199

Lending Industrial Bankruptcy Mortgages 199

Housing Wire

JANUARY 5, 2021

Blackstone took full control of Stearns in fall 2019 after it exited bankruptcy due to significant debt problems. Chicago-based lender Guaranteed Rate is acquiring multi-channel lender Stearns Holdings for an undisclosed sum, multiple sources told HousingWire Tuesday. This is a breaking news story. Check back for more updates.

Lending 538

Lending Bankruptcy Loans Brokerage 538

Housing Wire

JANUARY 24, 2024

Bankruptcy Court for the District of Delaware seeking 60 days of wages and benefits, alleging termination without cause and notice as required by law. The class action lawsuit was filed in the U.S. Live Well initially announced its intent to challenge the suit a month after its filing. In a 92-minute court hearing held on Jan.

Bankruptcy 412

Bankruptcy Loans Closing Mortgages 412

Housing Wire

FEBRUARY 16, 2024

So your only leverage in negotiating the settlement is, ‘We’ll just file bankruptcy.’” The news about NAR’s insurance predicament began circulating late Wednesday , with industry analyst Rob Hahn highlighting the news in the Thursday edition of his email newsletter NotoriousROB. That this is an enormous issue is understating things.”

Bankruptcy 544

Bankruptcy Design As-is Industrial 544

Housing Wire

FEBRUARY 19, 2021

Seattle-based Redfin has agreed to pay $608 million in cash to acquire RentPath , though the deal still requires sign-off by the Federal Trade Commission and a bankruptcy court. Despite RentPath’s baggage, namely a $650 million bankruptcy restructuring , Redfin sees big traffic and lead-generation potential with the pending acquisition.

Bankruptcy 483

Bankruptcy Brokerage Property Management Agents 483

Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. First, we must define what we mean by recession. Our general economy is not yet in a recession, but housing has been in one since the summer. Sales fall. Housing demand has fallen noticeably this year.

Marketing 546

Marketing Bankruptcy Sales FHA loan 546

Housing Wire

AUGUST 15, 2024

8 was a nearly 400-page appendix of agreement terms, program information and correspondence between Ginnie Mae, TCB and leaders at Reverse Mortgage Funding (RMF), the former lender at the center of the dispute that filed for bankruptcy in late 2022. The first filing made on Aug.

Bankruptcy 436

Bankruptcy Banks Development Loans 436

Housing Wire

JANUARY 3, 2024

Reverse mortgage servicing company Celink is seeking the dismissal of a lawsuit alleging that it had added unlawful servicing fees to reverse mortgage loans alongside now-bankrupt lender Reverse Mortgage Funding (RMF). In response to the recent recommendation by a magistrate judge against the dismissal of Dancy-Wilkins v.

Bankruptcy 417

Bankruptcy Loans Mortgages As-is 417

Housing Wire

JANUARY 11, 2024

TCB’s contract with RMF and the bankruptcy court order also expressly stated that TCB’s right to a lien was subject to GNMA’s extinguishment rights.” “TCB’s contract with RMF and the bankruptcy court order also expressly stated that TCB’s right to a lien was subject to GNMA’s extinguishment rights.”

Lending 431

Lending Bankruptcy Mortgages Banks 431

Housing Wire

JANUARY 18, 2021

“The sky was falling,” Perkins said, describing the environment of fear as companies were acquired, layoffs were rampant and bankruptcies were common. There was a lot more fear involved than excitement,” she said. But today, the market has come full circle as mergers and acquisitions once again begin to pick up. Already a member?

Title 414

Title Bankruptcy Sales As-is 414

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. It’s also looking for companies to acquire — and it’s among the most aggressive lenders out there. M&A deals comprised 79% of the total, followed by 17.7% exits and 3.2%

Mortgages 421

Mortgages Bankruptcy Lending Loan Officer 421

Housing Wire

JANUARY 22, 2024

2023 , MV Realty filed for Chapter 11 bankruptcy in the 33 states it operates in. Right-to-list agreement firm MV Realty is no longer allowed to offer brokerage services in North Carolina. The ban was the result of a two-day hearing, during which the embattled real estate firm fought to maintain its ability to conduct business in the state.

Bankruptcy 455

Bankruptcy Brokerage Lending Agents 455