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. Just weeks later, a leaked text message from Flagstar Bank provided an inside look at how dire the current climate is for many non-QM lenders. Non-QM lender First Guaranty Mortgage Corp.

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Lending Banks Bankruptcy Loans 384

Housing Wire

DECEMBER 27, 2022

The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. Other smaller lenders, including real estate tech startup Reali and Sprout Mortgage , shuttered, while First Guaranty Mortgage Corp filed for Chapter 11 bankruptcy. non-Bank financial institutions at Fitch Ratings. over asking price.

Equity 527

Equity Marketing Loans Bankruptcy 527

Housing Wire

NOVEMBER 9, 2022

The steady drumbeat of dour news in the mortgage industry punctuated by headlines announcing layoffs and closures among the ranks of independent mortgage banks continues to play out, with several lenders over the last two weeks adding to the torrent of pink slips. Garth Graham, senior partner at stratmor group.

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Loan Officer Loans Mortgages Industrial 410

Realty Biz

SEPTEMBER 25, 2021

First, as you make monthly payments, you gain equity by the amount that the mortgage principal is reduced each month. First, as you make monthly payments, you gain equity by the amount that the mortgage principal is reduced each month. Home Equity is Like having Money in the Bank. Your equity increases in two ways.

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Equity Loans Bankruptcy Mortgages 91

CT Homes

FEBRUARY 3, 2022

A lot has changed in the world of real estate over the last decade. As difficult as it may be to believe, the mortgage collapse was over ten years ago. A defining term that emerged shortly after the collapse was the “short sale”. There is a good chance that even if you were in real estate you probably never heard of it before 2008.

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Short sale Sales Pre-approval Principal 52

Housing Wire

AUGUST 11, 2022

The magnitude of rapidly rising rates impacted our residential mortgage banking business, while demand for shorter-term financing from our business-purpose lending borrowers [including bridge loans and single-family rental property loans] proved more resilient.”. Likewise, Atlanta-based A ngel Oak Mortgage Inc. , The Angel Oak Cos.

Mortgages 384

Mortgages Loans Residential Lending 384

C4D Crew

AUGUST 3, 2020

Previously successful people have had to declare bankruptcy, and gotten bankruptcy loans, recently because of COVID-19. Cheese to name a few have had to invoke bankruptcy protection with bankruptcy loans. . Bankruptcy Code. The Struggle Continues with Bankruptcy Loans. No Scarlet Letter for Bankruptcy Loans.

Bankruptcy 52

Bankruptcy Loans Principal Finance 52

Toronto Realty Blog

MARCH 1, 2023

TorontoRealtyBlog Sometimes, a delay is just a delay. And other times, a delay is just the first step along the road to a cancelation. As you’ll see in today’s blog, many of the reasons for cancelations are often rooted in the same problems that caused delays, but some are extensions, and some are completely different reasons altogether.

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Construction Bankruptcy Pre-approval Purchase and sale agreement 73

Toronto Realty Blog

JANUARY 5, 2023

Foregoing Christmas gifts is a great way to save a thousand bucks or more, and I’d rather spend that on the kids, or bank it. Foregoing Christmas gifts is a great way to save a thousand bucks or more, and I’d rather spend that on the kids, or bank it. But my kids, on the other hand, wow, what a haul! Total: $739.82.

Banks 81

Banks Mortgages Bankruptcy As-is 81

HomeLight

JUNE 30, 2022

You also want to check your FICO score, as this is what the majority of lenders use ; you can often get your FICO score for free if your banking institution provides it, but otherwise you might have to pay for this service. Lenders will also want to know if you’ve ever declared bankruptcy or owned a house that went into foreclosure.

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Purchase and sale agreement Inspection Earnest money deposit Closing costs 96

Broke Agent Media

JUNE 2, 2023

Dr. Anju Vajja Principal Associate Director in FHFA’s Division of Research and Statistics HousingWire’s Logan Mohtashami explained why this is happening in a recent article while debunking some popular myths about inventory. However, year over year prices in many western states have started to decline for the first time in over ten years.

Bankruptcy 52

Bankruptcy Principal Finance Mortgages 52

HomeLight

DECEMBER 1, 2021

of the loan amount, although no closing cost options exist (that is, they’ll be lumped in with your principal or you’ll pay a higher rate). Maybe you got caught up in a bidding war, bought at a market peak, and buyer interest (along with home values) has since cooled. Maybe you’re facing catastrophic medical bills.

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Purchase and sale agreement Short sale Loans Mortgages 109

Notorious ROB

DECEMBER 19, 2022

Welcome to yet another edition of the Seven Predictions, sure to be wrong or your money back. Does not apply to VIP Subscriptions.) This is one of my favorite annual traditions around this time of year. For those keeping track at home, I just published my results from last year’s predictions , and my lifetime average is.374.

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MLS Agents Pre-approval Brokerage 79