Brownstoner

JULY 28, 2021

Latte-loving Brooklynites looking for local caffeine will soon have more options, as the Brooklyn Roasting Company is back from bankruptcy and better than ever, said the head black bean brewer. “We We are thrilled to have survived,” said Jim Munson, chief executive officer of Brooklyn Roasting Company. “At

Bankruptcy 98

Bankruptcy Closing As-is 98

Brownstoner

OCTOBER 26, 2020

Brooklyn’s namesake roasting company is another casualty of the coronavirus pandemic after filing for Chapter 11 bankruptcy protection on October 21.

Bankruptcy 115

Bankruptcy Closing As-is 115

Brownstoner

OCTOBER 26, 2020

Brooklyn’s namesake roasting company filed for Chapter 11 bankruptcy on October 21, but its founder said the company is only adjusting its operations and has no plans to go anywhere. “In

Bankruptcy 105

Bankruptcy Closing As-is 105

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

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 397

Mortgages Bankruptcy Lending Loan Officer 397

Housing Wire

JANUARY 26, 2024

Of those complaints, 167 had to do with “trouble during the payment process,” while other topics included payment issues (80), closing issues (63) and application problems (49). The overwhelming majority of the 2023 complaints saw complainants receive a timely response from the company (355) and were closed with an explanation (353).

Mortgages 391

Mortgages Bankruptcy Industrial Closing 391

Housing Wire

NOVEMBER 28, 2023

This includes payment history, credit usage, credit account age, total number of accounts, hard inquiries and derogatory marks, such as late payments, collections, bankruptcies, civil judgments, foreclosures and liens. HousingWire: You have advocated for giving consumer credit another look. Why is this important now?

Bankruptcy 378

Bankruptcy Loans Mortgages As-is 378

Housing Wire

JANUARY 4, 2024

Amid an already challenging operating environment observed throughout 2023, both HECM endorsement volume and HECM-backed Securities (HMBS) issuance closed out the year on a low note, with both metrics falling lower from the month before, according to data from RMI and New View Advisors. The obvious culprit is still rates.

Mortgages 420

Mortgages Bankruptcy Principal Finance 420

Realty Biz

JULY 12, 2021

I’m thinking that bankruptcy might be my only option. What’s important for me to know about filing bankruptcy as a homeowner? How bankruptcies work out is highly dependent on personal circumstances. You definitely want to talk to a bankruptcy attorney before making any final decisions or taking action.

Bankruptcy 91

Bankruptcy Equity Mortgages As-is 91

Housing Wire

SEPTEMBER 1, 2022

The last paycheck was paid on Wednesday, but commissions on closing loans will happen through the end of September. “We Suburban may be the latest reported case of a company closing doors since mortgage rates surged and origination volumes dropped. . Arizona-based mortgage lender Suburban Mortgage Inc. ’s

Mortgages 382

Mortgages Bankruptcy Loan Officer Loans 382

Housing Wire

JUNE 21, 2022

There has been a great deal of innovation around purchasing homes, making credit available, and closing real estate transactions. There has been a great deal of innovation around purchasing homes, making credit available, and closing real estate transactions. Why is a title search necessary for refinancing?

Title 506

Title Title search Due diligence Land 506

Housing Wire

FEBRUARY 23, 2024

per share at market close the day before. In 2023 alone, the mortgage industry saw a total of 62 merger and acquisition transactions, lender exits and bankruptcies. Rocket’s stock price rose to $11.75 per share at market open on Friday, up from $10.98 It boils down to increasing capacity at scale via higher productivity.

Equity 396

Equity Bankruptcy Loans Mortgages 396

Housing Wire

FEBRUARY 23, 2024

Shortly after RMF declared bankruptcy in November 2022, the lender failed to make required payments to its borrowers, resulting in Ginnie Mae reaching out to TCB, the filing reads. TCB also claims that the FHA Commissioner “has stated that Ginnie Mae’s brazen action is impermissible and wrong.”

Banks 345

Banks Bankruptcy Lending Finance 345

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 422

Bankruptcy Brokerage Property Management Agents 422

Housing Wire

SEPTEMBER 29, 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. As a result, they present a greater risk and typically come with higher interest rates.

Mortgages 368

Mortgages Bankruptcy Lending Investor 368

Housing Wire

AUGUST 3, 2023

Heightened focus on expenses by clients and prospects, as well as the proposed ICE transaction, has elongated the sales cycles in the short term; market conditions continue to result in elevated originator consolidation, bankruptcies and associated attrition, according to its filing with the Securities and Exchange Commission (SEC).

Bankruptcy 344

Bankruptcy Mortgages Development Loans 344

Housing Wire

APRIL 18, 2024

The overarching goal of prefunding QC is to ward off problems before they become issues on closed loans. A large portion of those loans, once repurchased from the government-sponsored enterprises (GSEs) at par, were later resold for much less in the so-called “scratch and dent market.

Loans 393

Loans Due diligence Investor Technology 393

Housing Wire

AUGUST 3, 2022

Earlier this year, around March or April, they cut that back saying we couldn’t get paid out on anything unless we closed over 11 loans a month. Last year when it was busier we were able to close 20 to 30 no problem but with the economy as it is, it was a struggle to hit 10.” . billion in the first six months of 2022, down 42.7%

Bankruptcy 414

Bankruptcy Loan Officer Mortgages Loans 414

Housing Wire

NOVEMBER 8, 2023

Foreclosures and bankruptcy data One of the most prominent credit stress data lines I have ever seen came during 2005-2008. Currently, jobless claims are still low and nowhere close to the level I believe is needed to break the labor market , which would be 323,000 on a four-week moving average. Is the U.S. Doesn’t it look beautiful?

Fixed-rate mortgage 417

Fixed-rate mortgage Bankruptcy Loans Mortgages 417

Housing Wire

SEPTEMBER 8, 2022

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. People’s first reaction was to wonder if this was 2008 all over again. It’s not an investment.”. This is what we do in America.

Loans 543

Loans Banks Equity Closing costs 543

Housing Wire

OCTOBER 31, 2023

This includes payment history, credit usage, credit account age, total number of accounts, hard inquiries and derogatory marks, such as late payments, collections, bankruptcies, civil judgments, foreclosures and liens. 1 reason a mortgage loan applicant is denied for a loan is a problem with their credit score. Don’t guess.

Bankruptcy 371

Bankruptcy Loans Mortgages As-is 371

Housing Wire

AUGUST 30, 2022

On Tuesday, the S&P CoreLogic Case Shiller Index reported that national home prices grew 18% year over year. While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. Housing inventory issue with no booming demand. million listings.

Bankruptcy 382

Bankruptcy Days on market Sales Short sale 382

Housing Wire

APRIL 10, 2023

Unfortunately, that “instant” title commitment itself does not inherently equate to a faster close, as my colleague Matt Regan outlined in his recent article. Just as important, it saves our title partners time and money when critical issues are discovered upfront resulting in loans that may never close.

Title 346

Title Loans Equity Title search 346

Housing Wire

AUGUST 5, 2020

Fed Chairman Jerome Powell said at a news conference last week that the central bank was close to wrapping up a review of its policy-making strategy that began in 2019. The Federal Reserve is considering abandoning its longtime strategy of using its benchmark rate to pre-emptively prevent inflation from rising above its 2% target.

Mortgages 502

Mortgages Bankruptcy Investor Banks 502

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 351

Title Bankruptcy Sales As-is 351

Realty Biz

JUNE 7, 2021

What Is The Time Frame For Closing on a Home? One of the more popular questions asked from buyers and sellers is how long it will take to close on a house. When buying or selling a home, you feel relieved once the process closes and you have the home keys handed over to you. Hence, the closing timeline depends on your lender.

Closing 120

Closing Purchase and sale agreement Inspection Title 120

Housing Wire

AUGUST 9, 2022

Combined, the closing loan-pool balance for the two securitization deals was $834.2 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 383

Marketing Bankruptcy Loans Principal 383

Housing Wire

JULY 8, 2022

Plaintiffs Nathaniel Agudelo and Helen Owens – both closing disclosure specialists who worked for Sprout from the fourth quarter of 2020 through July 6, 2022 – filed the lawsuit on their behalf and others in the same situation in the Eastern District of New York U.S. Sprout failed to pay their last paychecks. First Guaranty Mortgage Corp.

Mortgages 424

Mortgages Bankruptcy Loans Investor 424

Housing Wire

JANUARY 22, 2021

If CoStar were to close the deal, it would be the largest acquisition the Washington, D.C. After its filing of bankruptcy in February, Rentpath , which owns Rent.com, ApartmentGuide.com, Rentals.com and Lovely.com, agreed to sell to CoStar for a reported $558 million. As of Thursday, CoreLogic’s stock closed at $76.79

Equity 355

Equity Bankruptcy Investor Commercial 355

Housing Wire

DECEMBER 27, 2022

Other smaller lenders, including real estate tech startup Reali and Sprout Mortgage , shuttered, while First Guaranty Mortgage Corp filed for Chapter 11 bankruptcy. Banosian, whose loan origination volume will be close to $1 billion in 2022, said he turned housing market headwinds into an opportunity to target new geographic markets.

Equity 515

Equity Marketing Loans Bankruptcy 515

Housing Wire

SEPTEMBER 18, 2023

How does the company expect to manage profit amid industry consolidation , bankruptcies and attrition? Dark Matter Technologies , formerly Black Knight Origination Technologies, is focused on mainly two things: the smooth transition to new owners, and lowering the cost to originate loans for lenders. What opportunities did the firm see?

Technology 473

Technology Mortgages Bankruptcy Industrial 473

Housing Wire

MARCH 31, 2022

We aren’t anywhere close to the housing bubble dynamics we had from 2002 to 2008; that environment is simply impossible to replicate. That’s not to say that the data points the Fed used are incorrect — in fact, we are in a savagely unhealthy housing market , but it’s not a bubble. Let me explain. For the housing bubble 2.0

Bankruptcy 526

Bankruptcy Lending Mortgages Title 526

Housing Wire

NOVEMBER 2, 2020

These services include artificial intelligence, point of sale, loan officer capabilities, fee service, collaboration network, digital closings, PPE, compliance monitoring and actionable analytics. Capabilities include loss mitigation, bankruptcy, foreclosure, invoicing and claims. Business Lines, Services and Products. Originations.

Lending 397

Lending Bankruptcy Equity Loans 397

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. Sprout Mortgage on July 6 closed its doors suddenly, leaving hundreds of employees without jobs and paychecks. Non-QM lender First Guaranty Mortgage Corp.

Lending 376

Lending Banks Bankruptcy Loans 376

Housing Wire

OCTOBER 12, 2023

But if you go and look at the financials, there’s no differentiation in terms of cost per loan or speed to close with any correlation that I’ve been able to see on technology spend. So the technology that’s supposed to save you can also be the thing that drives the mortgage company into bankruptcy. SW: How do you fix that?

Mortgages 411

Mortgages Technology Loans Loan Officer 411

Housing Wire

MARCH 5, 2021

In February, CoStar made an offer to acquire CoreLogic for close to $97 a share, roughly 20% higher than the accepted offer Stone Point Capital and Insight Partners made earlier that month, which was about $80 a share, all in cash. About 50% of CoreLogic’s revenues are tied directly to mortgage volumes.

Marketing 321

Marketing Bankruptcy Residential Investor 321

HomeLight

JULY 31, 2020

Closing on a house seems pretty straightforward. Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. While seamless closings are ideal for everyone involved, they almost never happen unless the buyer is paying cash on the home, and even then there can be a roadblock or two.

Closing 110

Closing Purchase and sale agreement Title search Earnest money deposit 110