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. Department of Housing and Urban Development (HUD) may not be in office should the suit progress to trial sometime next year.

Banks 410

Banks Bankruptcy Lending Finance 410

Brownstoner

JULY 22, 2021

The long-anticipated restoration and adaptation of the historic Nassau Brewery at 945 Bergen Street could be scrapped by a bankruptcy sale just as it inches toward completion.

Bankruptcy 98

Bankruptcy Investor Sales As-is 98

Housing Wire

JANUARY 5, 2021

In a statement confirming the deal Tuesday afternoon, Guaranteed Rate said the acquisition of Stearns would enable a boost in retail loan originations and further scale its JV platform, while also developing “new multichannel capabilities.” This is a breaking news story. Check back for more updates.

Lending 536

Lending Bankruptcy Loans Mortgages 536

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. Late last year, the U.S.

Bankruptcy 414

Bankruptcy Loans Mortgages Equity 414

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 370

Bankruptcy Mortgages Development Loans 370

Housing Wire

MARCH 23, 2022

Minneapolis-based CarVal Investors , a global alternative investment manager and long-time player in the mortgage market, has launched a real estate mortgage investment conduit, or REMIC, that plans to work with loan originators around the country to develop and acquire innovative nonagency mortgage products.

Banks 382

Banks Bankruptcy Loans Investor 382

Housing Wire

AUGUST 3, 2022

No Worker Adjustment and Retraining Notification (WARN) notices were submitted to California’s Employment Development Department (EDD) and New American Funding did not respond to requests for comment. But, as is the case for virtually all mortgage lenders, origination volume began to drop as mortgage rates climbed.

Bankruptcy 414

Bankruptcy Loan Officer Mortgages Loans 414

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 477

Technology Mortgages Bankruptcy Industrial 477

Housing Wire

MARCH 26, 2024

Just for a moment, let’s imagine a world in which a person purchases a home shortly before a global pandemic. Even though they have a low mortgage rate on their home loan, the pandemic causes unanticipated financial hardships which lead to a decrease in their annual income as well as the necessity of using credit cards for their basic needs.

Equity 424

Equity Loans Bankruptcy New Construction 424

Housing Wire

JUNE 21, 2022

As someone who spent a career in the title insurance industry – both as a builder of a title business and leader of the industry’s trade group, — I am proud of the role we play in helping to protect what most Americans consider the biggest purchase of their lives. Why is a title search necessary for refinancing?

Title 506

Title Title search Due diligence Land 506

Housing Wire

APRIL 18, 2024

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. This created balance-sheet havoc for a number of lenders, particularly for small and midsized originators.

Loans 414

Loans Due diligence Investor Technology 414

Housing Wire

DECEMBER 14, 2021

That has some producers of non-QM loans, which require specialized underwriting expertise, looking to technology, big data and the development of automated underwriting platforms as the solution for dealing with the anticipated surge in loan volume in the years ahead. And it is growing fast, he added. “We’re

Lending 382

Lending Loans Bankruptcy Technology 382

Housing Wire

JULY 29, 2021

Many of these firms experienced bankruptcies and closures similar to that of New Century.”. I applied a multivariate statistical analysis consistent with the one I used to develop the industry’s first FHA automated underwriting scorecard (known now as TOTAL), and the industry’s first VA scorecard during my tenure at Freddie Mac.

Mortgages 414

Mortgages Loans Bankruptcy Industrial 414

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. In the past, we did 97% of our production in California,” Yoon said.

Marketing 370

Marketing Lending Loans Bankruptcy 370

Housing Wire

JULY 1, 2022

FGMC filed for Chapter 11 bankruptcy protection in Delaware on Thursday, June 30. VanSingel, former senior vice president at learning & organizational development at FGMC, is suing FGMC and PIMCO for not paying her 60 days of severance following her termination in February 2022.

Loan Officer 370

Loan Officer Bankruptcy Loans Sales 370

Housing Wire

MAY 10, 2022

“Eric Hill engaged in premeditated criminal acts with the sole purpose of enriching himself, without regard for millions of American homebuyers who rely on federal housing programs to insure their mortgages,” Wyatt Achord, special agent in charge with the Department of Housing and Urban Development (HUD) Office of Inspector General, said in a U.S.

Mortgages 393

Mortgages Marketing Loans Finance 393

Housing Wire

JUNE 9, 2022

That negatively affected liquidity options in both the loan-trading and securitization markets as higher-rate loans [above 5%] subsequently hit the market. The same rate-spike dynamics hit non-QM lenders as well , with rates for those loans rising a couple points over the period as well, to the 6% to 7% range. Non-QM is a counter cyclical product.

Marketing 382

Marketing Loans Technology Bankruptcy 382

Realty Biz

JANUARY 16, 2022

The Bel Air mansion is known as “The One” and was built by Hollywood producer-cum-developer Nile Niami. However, Niami racked up mounting debts as he built the home, and the mansion is now being sold as part of a bankruptcy agreement. The bankruptcy agreement will force the home to be sold at auction to the highest bidder on Feb.

Purchase and sale agreement 101

Purchase and sale agreement Sales Bankruptcy Development 101

1000Watt

FEBRUARY 2, 2024

Bootstrappy people out of nowhere; existing “vendors” with interesting product developments; weird stuff with AI that sits on the edge of holy crap that’s cool and that’s the stupidest idea ever. Information bankruptcy, like business bankruptcy, can be constructive. I believe in homeownership. It’s as American as it gets.

Bankruptcy 59

Bankruptcy Construction Residential Industrial 59

Realtor.com

AUGUST 26, 2020

Facing bankruptcy, Newton sold the property to a development company in 2010, for $19.5 After three years, the museum closed to the public and was placed into Chapter 11 bankruptcy proceedings. The final toast came in 2019. Now, his former property, Casa de Shenandoah , is back on the market with a big markup. million. .

Bankruptcy 116

Bankruptcy Development Renovation Land 116

Propmodo

APRIL 30, 2024

As property distress spreads, other debt-workout scenarios like bankruptcies and foreclosures will still be in play. These capital infusions are a more cost-effective way to recapitalize assets rather than bringing new equity in through foreclosure or bankruptcy. March’s consumer price index report showed inflation rose 3.5

Commercial 67

Commercial Bankruptcy Investor Equity 67

Realty Biz

AUGUST 26, 2021

According to Midlothian Economic Development, the area has doubled in population since 2010. It remains a highly desirable place for semi-rural living, business expansion and workforce development. The median sales price in the market is approximately $383,557. – Sherry Chris, President and CEO of ERA Real Estate.

Bankruptcy 109

Bankruptcy Branding Development Residential 109

The Close

JULY 23, 2022

In my 27 years as an agent and coach, I have never seen inventory this low. Many agents who work predominantly with buyers grumble that they have too many buyers and not enough listings to show them. Listing agents are not meeting their goals, and some are struggling to make ends meet. Low inventory is a lose-lose for real estate agents and buyers.

Bankruptcy 111

Bankruptcy Purchase and sale agreement MLS Investor 111

Housing Wire

NOVEMBER 27, 2023

Veev said at the time that the funding would be used to scale its operations, accelerate its research and development, and expand construction into new markets. Additionally, Veev also stopped paying interest payments on some of its properties in California.

Bankruptcy 450

Bankruptcy Investor Inspection Staging 450

HomeLight

JULY 30, 2021

Bankruptcy discharge papers. If you have a job where you get a predictable salary, and you don’t have any blemishes on your credit, the list of mortgage documents is relatively short, according to Richie Helali, mortgage sales leader at HomeLight Home Loans. Profit and loss statements for any businesses you own. Foreclosure documents.

Loans 98

Loans Mortgages Bankruptcy Purchase and sale agreement 98

Kyle Handy

JANUARY 20, 2023

They’re someone investing in and improving their community. They’re putting old and damaged housing stock back onto the market. So, in looking for “distressed sellers,” what I’m looking for is people that I can help the most. So, let’s look deeper at my favorite strategies for finding houses to flip.

House Flipping 89

House Flipping Bankruptcy Investor Renovation 89

Realtor.com

JANUARY 6, 2021

Quinn and his wife, Florence Letts Quinn , widow of Alfred Letts , the original developer of Holmby Hills. In early 2018, Woodbridge declared bankruptcy and Shapiro landed in prison, after pleading guilty to charges involving a $1.3 It was last available for $115 million. This is a trophy. A collectible.”. Farquhar in 1936.

Bankruptcy 76

Bankruptcy Investor Land Development 76

Redfin

SEPTEMBER 16, 2022

In the 1950s and 1960s, real estate developer Joseph Eichler built thousands of homes in California that were designed to bring modern architecture to the masses. The homes were generally part of a larger development full of trees, parks, and community spaces. An original Eichler in Palo Alto, CA. What is an Eichler home?

Design 59

Design Bankruptcy Development Renovation 59

Fancy Pants Homes

SEPTEMBER 5, 2023

Painkiller , Netflix’s six-part miniseries exposing the Sackler family’s complicity in the creation and growth of the opioid epidemic, sees Matthew Broderick take on the role of Richard Sackler — the American billionaire businessman and physician who served as chairman and president of Purdue Pharma.

Bankruptcy 52

Bankruptcy Land As-is Development 52

McKissock

OCTOBER 23, 2020

Bankruptcy. McKissock’s Unlimited Learning Membership is your one-stop, money-saving solution for all CE plus professional development. McKissock’s Unlimited Learning Membership is your one-stop, money-saving solution for all CE plus professional development. Foreclosures. Appraiser negligence. Learn more.

Bankruptcy 77

Bankruptcy Title Development Construction 77

Point2Homes

FEBRUARY 12, 2021

2020 has had a severe impact on the job market, resulting in unemployment and even bankruptcy for many people. A side gig will not only help your finances, but also help you develop new skills that will make you more employable. But every cloud has a silver lining, so what did we learn along the way? An Emergency Fund Is a Must.

Finance 89

Finance Bankruptcy Loans As-is 89

The Close

MARCH 9, 2023

Within two short years, the Keller Williams brokerage I was leading went from near bankruptcy to number 10 out of more than 700 brokerages! This is because it requires agents to develop new sales skills, habits, and strategies. Thankfully, you can train your real estate agents to make this sales shift.

Agents 90

Agents Marketing Brokerage Bankruptcy 90

McKissock

AUGUST 30, 2022

In other words, USPAP doesn’t prohibit a mortgage broker from calling and asking you to develop an appraisal based on a predetermined value, but USPAP does prohibit you from accepting that assignment. There’s no simple and easy way to deal with appraisal pressure. Educate your appraisal clients. Get to know your current clients.

Lending 81

Lending Bankruptcy Inspection Mortgages 81

Fancy Pants Homes

APRIL 5, 2024

He’s regarded as one of the main contributors to the Googie architecture style and has developed various Atomic Age houses in the 1950s and 1960s, some of which we’ll take a look at below. You don’t have to be an architecture buff to recognize a house designed by John Lautner. Yet their designs couldn’t be more different.

Design 94

Design Construction Bankruptcy As-is 94

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. said the development could raise concerns around the reciprocal exchange timeline, which Porch previously said it expected to complete later this year. “We

Bankruptcy 404

Bankruptcy Development Banks Industrial 404

Housing Wire

AUGUST 4, 2021

States can use up to 5% of their funding for foreclosure or displacement-prevention counseling provided by Housing and Urban Development -approved agencies or legal services. Before receiving the rest, states must develop and submit a plan for how it will use the homeowner assistance funds. Presented by: Xome.

Homeowner’s association 414

Homeowner’s association Bankruptcy Principal Development 414

HomeLight

NOVEMBER 9, 2021

Appraisal (verb) : an appraisal is the act or process of developing an opinion of value. An appraisal is the process of determining what something is worth, getting an official value on a big ticket item — whether that item is your engagement ring, your late grandfather’s Black Forest cuckoo clock, or your beloved home.

Purchase and sale agreement 85

Purchase and sale agreement Equity Bankruptcy Finance 85