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.

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Bankruptcy Equity Mortgages As-is 91

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.

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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.

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Bankruptcy Equity Loans Mortgages 477

Realty Biz

APRIL 5, 2022

One of the frequently asked questions during today’s booming housing market is can I qualify for a mortgage during Chapter 13 Bankruptcy. Chapter 13 Bankruptcy is a court-approved debt repayment plan where their debts are restructured over a period of three to five years. Mortgage Options During Chapter 13 Bankruptcy.

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Bankruptcy Debt-to-income ratio VA loan FHA loan 120

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.

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Mortgages Bankruptcy Loans Equity 424

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.

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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%

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Mortgages Bankruptcy Lending Loan Officer 414

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%

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Equity Bankruptcy Loans Mortgages 414

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?

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Housing Wire

MARCH 1, 2024

The funds will ultimately go to companies including Mirae Asset Securities , Industrial and Commercial Bank of China Financial Services (ICBC), Flagstar Bank , Customers Bank and the bankruptcy estate of Live Well itself, according to court filings reviewed by RMD. million; Mirae receive $7.4 million; ICBC receive nearly $17.8

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Banks Bankruptcy Commercial Equity 413

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.

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Bankruptcy Loans Mortgages Equity 414

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.

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Mortgages Bankruptcy Principal Finance 441

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.

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Realty Biz

SEPTEMBER 25, 2021

Your home equity is the difference between what you owe on your mortgage(s) and what your home is currently worth if you sold it today (the appraised value). For instance, if the remaining balance on your mortgage is $195,000 and the market value is $295,000, you have $100,000 of equity in your home. Your equity increases in two ways.

Equity 91

Equity Loans Bankruptcy Mortgages 91

Housing Wire

APRIL 10, 2023

In December, HousingWire spoke to Flueid about the concept of instant title and why it is a misnomer for mortgage lenders. HousingWire: HousingWire recently spoke to Flueid about the concept of instant title and why it’s a misnomer for mortgage lenders. How is the idea of a “title check” different and what value does it provide to lenders?

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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.

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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.

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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

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Bankruptcy Brokerage Title Equity 393

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.

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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?

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Technology Mortgages Bankruptcy Industrial 477

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.

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Housing Wire

OCTOBER 13, 2022

The firm specializes in asset-backed credit, whole loans and private equity. The financial chaos that sparked the savings and loan crisis of the 1980s, leading to a government bailout, now haunts the independent mortgage banking market this Halloween season — and beyond. Storm Brewing. There likely will be 40 to 50 deals done this year.

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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. Non-QM lender First Guaranty Mortgage Corp. Sprout Mortgage imploded in early July, leaving its employees out in the cold. It has since been sued by its former employees.

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Propmodo

APRIL 30, 2024

Investment data firm Prequin estimates global real estate funds operated by private equity firms had a record $544 billion in cash as of the second quarter of 2023, up from $457 billion at the end of 2022. As property distress spreads, other debt-workout scenarios like bankruptcies and foreclosures will still be in play.

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Commercial Bankruptcy Investor Equity 67

RIS Media

AUGUST 19, 2021

In most states, a certain dollar amount of home equity is exempt from creditors under the Homestead Exemption. Should You Declare Bankruptcy? If you have a lot of home equity and a creditor would be likely to foreclose to collect a debt, you might be thinking about declaring bankruptcy to protect your house.

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Bankruptcy Equity Loans Commercial 98

Housing Wire

DECEMBER 8, 2021

My biggest concern for housing in the years 2020-2024 was that if the demographic push in demand picks up and total home sales get over 6. 2 million , we could be at risk of housing inventory falling to such low levels that I would have to categorize this housing market as unhealthy. 2020 and 2021 easily each have over 6.2

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Housing Wire

JANUARY 4, 2022

Most of the buyers are move-up buyers, and if you’re moving up to buy the property, you’re tapping into the equity from the property you’re selling, which is also going up in value 20% [year-over-year],” he added. billion. “A KBRA seems to think so as well. KBRA seems to think so as well. UWM is riding that wave.

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Housing Wire

MARCH 28, 2022

The sponsors and loan aggregators in the private label securities (PLS) deals that have come to market so far this year include affiliates of real estate investment trusts, private equity firms as well as more familiar names in the non-QM space, such as Verus Mortgage Capital , Ellington Financial , Angel Oak and Deephaven Mortgage.

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Loans Lending Investor Mortgages 370

McKissock

AUGUST 7, 2022

When people could not make their mortgage payments, the housing bubble burst and thousands of homes were foreclosed, multiple big-name lenders declared bankruptcy, and the market required government bailouts. Other fields also faced bankruptcy due to credit issues. This crash didn’t just affect the real estate industry.

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Realtor.com

FEBRUARY 4, 2022

“This protects not only the equity in your home but other assets that could be lost should a claim arise.” Homestead exemption: So what if, instead of a lawsuit, you’re facing a creditor or bankruptcy? Getty Images You’ve saved since forever to buy your dream home. How to protect your home from lawsuits.

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Equity Bankruptcy Loans Mortgages 115

Realty Biz

MAY 26, 2021

is mostly concentrated in retirement accounts and home equity. Considering 29% of an average American’s wealth comes from home equity, this means most Black families have less than $4,000 in home equity. Many of them may be going into debt paying for housing and could face foreclosure or bankruptcy. Census report.

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Equity Bankruptcy Mortgages As-is 113

HomeLight

NOVEMBER 9, 2021

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. Home appraisal definition from Appraisal Institute. A home appraisal is both a process and a report.

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Purchase and sale agreement Equity Bankruptcy Finance 93

Realty Biz

JULY 14, 2021

Unlike most other states, Florida protects your home from foreclosure, even if you file for bankruptcy. Fort Myers golf homes have equity and bundled golf communities along with comfort, luxury, and quality of life. But for many reasons buying or renting a property is a tedious process and requires effort, time, and money. .

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RIS Media

JANUARY 29, 2021

After a bankruptcy, foreclosure or short sale, a prospective homebuyer may have to wait a period of time before taking out a new prime mortgage. A high loan-to-value ratio means that an Alt-A borrower will have little or no equity. Some people who take out Alt-A mortgages have low credit scores and can’t qualify for prime mortgages.

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HomeLight

AUGUST 31, 2020

This means that you cannot sell your house and pocket any equity from the sale until that tax lien debt is satisfied. Dealing with debt is always difficult, and when it gets to the point that you have a lien against your house for something as serious as unpaid taxes, it’s hard not to feel the walls crashing in. But there is hope yet.

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Bankruptcy Equity Title Closing 98

Realty Biz

DECEMBER 29, 2021

You must use the home as your primary residence for at least a year, it must have been at least two years since any bankruptcy (and three years since any mortgage foreclosure), you must be current on your taxes and federal loan payments, and you’ll be required to get a strict home appraisal. What Is an FHA loan? homeownership rate.

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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.

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