Housing Wire

NOVEMBER 21, 2024

People have looked at the demographics, the under-savings of seniors and the significant amount of home equity seniors hold as a potentially large opportunity,” he said in the interview. FOA’s shares, he said, are not likely “to appreciate meaningfully from current levels.”

Bankruptcy

Housing Wire

AUGUST 5, 2025

If you’ve been thinking about diving into this niche, you should know up front – it’s not just about pulling a list. It’s about knowing where to look, understanding the process and showing up for people who are in a tough spot. Grabbing a name and number is one thing, but building trust with someone facing foreclosure is something else entirely.

Banks

BAM Media

APRIL 3, 2025

1: Foreclosures & Bankruptcies Still Below Pre-Pandemic Levels Consumers still worry that were heading for a repeat of the Great Recession of 2008. Number one, foreclosures and bankruptcies were rising in 2005, -6, -7, and -8. Fortunately, Mohtashami quickly responded and set the record straight. Most decline.

Bankruptcy

Seattle Times Real Estate

JUNE 16, 2025

Advertising Selig has made a career of comebacks, repeatedly shrugging off bankruptcies, foreclosures and litigation by unhappy contractors. Selig, once the biggest name in the Seattle office world, could still find a way to retrieve at least some of those properties. Downtown Seattle is seeing signs of recovery.

Commercial

Housing Wire

DECEMBER 27, 2024

HousingWire tracked 37 mergers, acquisitions, exits and bankruptcies involving originators, servicers, tech platforms, and appraisal and valuation companies. In 2024, M&A deals accounted for 76% of the total, followed by exits at 22% and bankruptcies at 2%. But Neylan plans to capitalize on these challenges. Guild posted $6.9

Mortgages

Housing Wire

OCTOBER 23, 2024

Why are home prices still rising even as mortgage rates have gone higher? A number of people predicted that home prices would experience a steep drop as mortgage rates rose, but that’s not what has happened. This is not a new idea — I’ve been dealing with people predicting a housing crash since 2012. million in September. million.

Mortgages

Redfin

JULY 17, 2025

But buying a home as an unmarried couple comes with unique considerations that married buyers don’t always face, from deciding how to structure your mortgage to outlining what happens if you break up. Understand the legalities 5. Have a plan for worst case scenario 6. Set expectations for the future 7. Hire a real estate attorney 8.

Purchase and sale agreement

Housing Wire

FEBRUARY 19, 2025

One of Ginnie Maes core functions in the reverse mortgage industry is providing liquidity through its Home Equity Conversion Mortgage ( HECM )-backed Securities ( HMBS ) program. ” HMBS 2.0 Housing trade and advocacy groups have consistently described Ginnie Mae as underresourced. Regarding the potential for HMBS 2.0,

Bankruptcy

Housing Wire

APRIL 11, 2025

The leading issuers in the Home Equity Conversion Mortgage ( HECM )-backed Securities ( HMBS ) program during the first quarter of 2025 saw a couple of fluctuations quarter over quarter, but maintains two fewer issuers than it did at the same point in 2024. This is based on a recent tabulation published by New View Advisors. market share.

Mortgages

Housing Wire

JANUARY 8, 2024

The presiding judge in the ongoing bankruptcy case of Reverse Mortgage Funding (RMF) has approved a stipulation that would resolve an administrative claim made against the company’s estate by reverse mortgage servicing company Celink , authorizing both companies to consummate the agreement. of the originally sought amount.

Bankruptcy

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

Housing Wire

NOVEMBER 27, 2023

Reali , another proptech company founded by Heller and Avrahami, shut down in 2022 after raising more than $290 million in debt and equity funding. Additionally, Veev also stopped paying interest payments on some of its properties in California. Veev was founded in California, in 2008 by Amit Heller, Ami Avrahami, and Dafna Akiva.

Bankruptcy

Housing Wire

MARCH 26, 2024

As the person relaxes on the couch watching television at night, they occasionally check the current value of their home and do a rough calculation of the amount of equity that they have accrued. Stated differently, you are dealing with individuals that may be in an equity prison. It comforts them for a brief moment.

Equity

Housing Wire

JANUARY 22, 2021

Citing anonymous sources, Bloomberg reported that CoStar Group and a private equity group led by Warburg Pincus are currently competing for the data provider, though it is unclear if either have made an offer yet. The post CoStar and private equity group battle for CoreLogic appeared first on HousingWire. billion market cap.

Equity

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

Housing Wire

JUNE 12, 2024

The nested equity level of U.S. Not being underwater is a plus — having enough equity to sell and cover the transaction cost is even more significant if you’re financially stressed and need to sell. Also, many homeowners count on their equity growth to help them with a down payment for their next home. We only have 1.8%

Equity

Housing Wire

DECEMBER 27, 2022

They are not selling and have a lot of equity in their homes. Homeowners in 2022 also tapped into their home equity, which peaked at $11.5 trillion in the second quarter of 2022, capitalizing on home equity loans and home equity line of credit (HELOC). over asking price. High octane stuff.

Marketing

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

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

Housing Wire

APRIL 10, 2024

The company also provides commentary for its fourth quarter 2023 financial performance, assesses its market advantages and offers an assessment of impacts stemming from changes in Ginnie Mae ’s Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program.

Investor

Housing Wire

JANUARY 11, 2024

In the initial October complaint, TCB alleged that the government-owned company “extinguished, in return for no consideration, TCB’s first priority lien on tens of millions of dollars in collateral” stemming from the Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage (HECM) program.

Lending

Housing Wire

SEPTEMBER 8, 2022

For the traditional homeowner who bought a home many years ago and has seen their nested equity position explode higher, this isn’t much of an issue. If they lost their job, they have a lot of equity in their home, and most likely their financials have gotten better over time. It’s not an investment.”. This is what we do in America.

Loans

Housing Wire

FEBRUARY 8, 2024

Bankruptcies and foreclosures After 2010, the qualified mortgage laws came into play and all the exotic loan debt structures in the system, especially in the run-up in demand from 2002 to 2005, disappeared. People have been screaming about a housing bubble crash on social media sites for over 12 years. The truth is, U.S.

Bankruptcy

Housing Wire

MAY 8, 2024

Braun also requested “detailed insights into Ginnie Mae’s actions prior to and following the bankruptcy of RMF” as well as more information on “steps taken to improve troubled issuer management practices that threaten market stability.” Mike Braun (R-Ind.), Eric Holcomb (R) is term limited.

Bankruptcy

Housing Wire

MAY 30, 2024

Ginnie Mae is aiming to roll out plans for its new Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) product by the end of the year, according to acting president Sam Valverde, who spoke at the National Reverse Mortgage Lenders Association (NRMLA) Eastern Regional Meeting in Washington, D.C., on Wednesday.

Bankruptcy

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. The comprehensive MSP servicing system supports all areas of loan servicing for both first mortgages and home equity products. Originations.

Lending

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

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

Housing Wire

SEPTEMBER 22, 2023

For existing homeowners, that’s good news because it means equity accumulation. With the majority of Fed officials expecting another rate hike by year-end, Duncan predicts a 50/50 chance of that happening, depending on how resilient the economy is against the Fed’s monetary policy. Are you optimistic this trend will continue?

FHA loan

Housing Wire

DECEMBER 29, 2021

Now that we are just a few days away from 2022, it’s time to take a look at the positive and the negative housing stories of 2021. Keeping it simple, mother demographics is the most powerful economic force in the world. I’ve been writing for many years that years 2020-2024 would have the best housing demographics ever recorded in history.

Marketing

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

Housing Wire

JUNE 14, 2024

New filings The filing, posted to the court docket on Friday morning, shows the immediate bankruptcy concern of leaders at RMF and the lack of willingness from other reverse mortgage industry participants to assume control of the full loan portfolio. It is RMF’s responsibility to find an orderly solution to its upcoming purchase obligations.

Bankruptcy

Housing Wire

FEBRUARY 5, 2021

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. Glenn Stearns is back, and not just on television. Glenn is the type of person I would’ve worked for again in a heartbeat.

Lending

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. The BUY+ program provided borrowers a credit equal to 1.5%

Bankruptcy

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. He repeatedly mentioned that the company had fallen into bankruptcy and was “not on track” to even make a profit before subtracting operating expenses. housing market. Redfin posted $1.9

Bankruptcy

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

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.” Jon McCue All things considered, the drop observed last month was not a big surprise, according to Jon McCue, director of client relations at RMI.

Mortgages