Housing Wire

DECEMBER 27, 2022

They are not selling and have a lot of equity in their homes. The elevated mortgage rate environment has created a mortgage rate lockdown effect of sorts, limiting the pool of customers for the mortgage industry. Homeowners in 2022 also tapped into their home equity, which peaked at $11.5 over asking price. High octane stuff.

Equity 490

Equity Marketing Loans Bankruptcy 490

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 367

Lending Bankruptcy Mortgages Principal 367

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 367

Mortgages Bankruptcy Loans Equity 367

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.

Equity 364

Equity Bankruptcy Loans Mortgages 364

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.” Any time we see exits and consolidations we tend to see a dip in industry production for a time,” McCue said. “In The obvious culprit is still rates.

Mortgages 388

Mortgages Bankruptcy Principal Finance 388

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 365

Mortgages Bankruptcy Lending Loan Officer 365

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 421

FHA loan Bankruptcy Marketing Loans 421

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. The final amount will be determined by the trial judge.

Banks 321

Banks Bankruptcy Commercial Equity 321

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. Black Knight is a proven mortgage industry leader in servicing technology. Business Lines, Services and Products. Originations.

Lending 374

Lending Bankruptcy Equity Loans 374

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.

Bankruptcy 338

Bankruptcy Loans Mortgages Equity 338

Housing Wire

FEBRUARY 5, 2021

“We have assembled the best in the industry and they have provided the rocket fuel to succeed,” Stearns said. “We have assembled the best in the industry and they have provided the rocket fuel to succeed,” Stearns said. Glenn Stearns is back, and not just on television.

Lending 308

Lending Bankruptcy Mortgages Title 308

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. And while Zillow has scrapped iBuying, which all evidence so far points to as a money-hemorrhaging industry , Kelman said that Redfin will stay the course. “We housing market.

Bankruptcy 385

Bankruptcy Brokerage Title Equity 385

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?

Title 307

Title Loans Equity Title search 307

Housing Wire

OCTOBER 13, 2022

The firm specializes in asset-backed credit, whole loans and private equity. Capasse sees the headwinds facing the independent mortgage banking industry over the next couple years as being near hurricane-force in their impact. Mortgage origination volume this year is projected to decline drastically, by $2 trillion to $2.1

Mortgages 353

Mortgages Marketing Banks Loans 353

Housing Wire

SEPTEMBER 18, 2023

Tom George : The way Constellation operates is that we focus on acquiring vertical market software companies and portfolios of vertical market software companies with the intent to stay in these industries forever. How does the company expect to manage profit amid industry consolidation , bankruptcies and attrition?

Technology 455

Technology Mortgages Bankruptcy Industrial 455

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 334

Marketing Lending Loans Bankruptcy 334

Propmodo

APRIL 30, 2024

Those in the industry holding out for cuts could soon consider selling assets, handing the keys back to the lenders, or halting projects altogether. After years of high times and low rates, the hangover is lasting longer than the industry wants it to, and people are looking for relief to weather the adverse effects.

Commercial 67

Commercial Bankruptcy Investor Equity 67

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.

Lending 354

Lending Banks Bankruptcy Loans 354

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.

Marketing 297

Marketing Debt-to-income ratio Loans Mortgages 297

Housing Wire

MARCH 28, 2022

Consequently, the hunt is on for opportunities in the purchase market, and that’s why non-QM lending is expected to become a sweet spot in the mortgage market, according to industry observers. As the end of the first quarter of 2022 approaches, the expected blossoming of the non-QM lending space in the private label market is well underway.

Loans 340

Loans Lending Investor Mortgages 340

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. This crash didn’t just affect the real estate industry. Other fields also faced bankruptcy due to credit issues.

Pre-approval 91

Pre-approval Bankruptcy Banks Loans 91

Realty Biz

SEPTEMBER 30, 2023

Longer time to build equity: With a higher interest rate and potentially larger down payment, it may take longer for you to build equity in your home. Government-backed programs: Government-backed mortgage programs, such as FHA loans, VA loans, and USDA loans, often have more relaxed credit score requirements.

Finance 97

Finance Debt-to-income ratio FHA loan Mortgages 97

The Close

JANUARY 20, 2023

Wholesale real estate investing is a good choice if you’re looking for short-term opportunities to break into the investing industry by leveraging your existing skills as an agent. In this article, we’ll discuss the common requirements of any business plan, such as budget and financial projections, as well as required capital.

Investor 92

Investor Finance MLS Property Management 92

Marco Santarelli

JULY 25, 2022

Instead, they will lose their homes to foreclosure and often file for bankruptcy in the process. The previous housing bubble in the United States in the mid-2000s was caused in part by another bubble, this time in the technology industry. By 2000, the Nasdaq peaked, and when the tech bubble burst, many high-flying equities plummeted.

Marketing 52

Marketing Lending Mortgages Equity 52

The Close

DECEMBER 27, 2022

But it took time and experience to figure out the particular moments in a real estate market cycle that are better for different types of investing. While tracking market cycles is widely accepted in the stock market, it has been strangely ignored in real estate investing. Understanding Real Estate Market Cycles. The reverse of this is also true.

Investor 93

Investor Staging Marketing Banks 93

HomeLight

APRIL 29, 2022

Since its inception, Zillow has become a massive player in the online real estate industry. Zillow also owns other companies, including Trulia, Out East, StreetEasy, HotPads, and Showing Time. What is Zillow? Its website launched in 2006 with Zestimates (home value estimates) and data on more than 40 million homes in the U.S.

Agents 89

Agents Bankruptcy Loans Sales 89

Housing Wire

SEPTEMBER 29, 2022

MAXEX is an Atlanta-based fintech company that is backed by leading private-equity and capital-markets investors, including J.P. MAXEX is an Atlanta-based fintech company that is backed by leading private-equity and capital-markets investors, including J.P. Morgan Chase.

Marketing 326

Marketing Pre-approval Investor Bankruptcy 326

App Folio

DECEMBER 18, 2020

To better understand where the real estate industry is headed, we reached out to top thought leaders from residential property management, community associations management, and investment management to learn more about their experiences in 2020 and what they are doing to prepare for the year ahead. . What will 2021 bring? Listen now: ? ?.

Industrial 105

Industrial Property Management Investor Technology 105

HomeLight

AUGUST 16, 2021

This is the show where you’ll learn what’s working right now from the best real estate agents and industry experts in the country. Be sure to follow The Walkthrough to get future episodes delivered automatically: Apple Podcasts/iTunes | Spotify | Stitcher | YouTube. The headlines change almost every day. ” (INTRO MUSIC).

Marketing 75

Marketing Short sale Bankruptcy Banks 75

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 275

Loans Bankruptcy Equity Investor 275

Housing Wire

APRIL 22, 2022

It’s a crisis that one industry executive describes as “a situation where we have to get the pig through the belly of the python.”. Some non-QM lenders have parent companies in the private equity space or have affiliates organized as real estate investment trust, and some even have affiliated real estate mortgage investment conduits (REMICs).

Loans 369

Loans Lending Mortgages Investor 369

Housing Wire

MARCH 10, 2022

In one of the bulletins, the watchdog listed seven potential schemes that a borrower in financial distress could fall victim to, including a fake government modification scheme, rent-to-own scheme, and foreclosure and bankruptcy schemes. HUD’s home equity conversion mortgage program accounts for most of the reverse mortgage market.

Bankruptcy 305

Bankruptcy Loans Mortgages Title 305

HomeLight

JUNE 16, 2023

If you’re a homeowner with consumer or student debt, it’s tempting to tap into your home’s equity with a cash-out refinance to pay down these balances. Homeowners may refinance to secure a lower interest rate, change their loan terms, or, as in this case, tap into their home equity.

Fixed-rate mortgage 59

Fixed-rate mortgage Equity Debt-to-income ratio Loans 59

Notorious ROB

JUNE 12, 2022

In part 1 , we covered legal and regulatory challenges to the real estate industry. In part 2 , we covered the insane money printing that has devalued the dollar, and stuck the Fed into a corner with no options. But in the meantime, even the modest Fed action has had real results in the real world. Revelation 6:5–6 NASB.

Investor 86

Investor Banks Bankruptcy Equity 86

Toronto Realty Blog

DECEMBER 19, 2023

It’s just really, really hard to describe an entire year’s blog posts or an entire year’s real estate stories in a standard blog-post length. ” Stories, topics, subjects, themes, issues, or however you wan to define it, but essentially what were the most important and most discussed real estate matters over the last year.

Pre-approval 83

Pre-approval Construction Development Agents 83

HomeLight

DECEMBER 2, 2021

A conservative industry estimate might be six months, start-to-finish. If you’re “upside-down” in your mortgage (owing more than the property is worth), you have a few options. One of them is a short sale. The process is complicated and confusing, often leaving a worrisome question in its wake: How long does a short sale stay on your credit?

Short sale 78

Short sale Sales Loans Banks 78

HomeLight

JULY 31, 2021

Here’s a little background on what cash buyers tend to prioritize and look for when they make an offer, according to experts in the real estate and investing industry we spoke with directly. Value-add is the process of remodeling a home or complex to increase the value and add equity,” Shipwash explains. “In What you have is a house.

Earnest money deposit 98

Earnest money deposit Inspection Inspection contingency Proof of funds 98