Housing Wire

JUNE 13, 2025

Kind Lending , a national wholesale mortgage lender and his second brainchild, is built on lean operations and a focus on efficiency — a contrast with his first company, Stearns Lending, which filed for Chapter 11 bankruptcy in 2019. Inside Mortgage Finance (IMF) reported that Kind Lending originated $7.5 He’s not wrong.

Mortgages

Rochester Real Estate

NOVEMBER 5, 2015

Top Mortgage Blogs From 2017 Best Mortgage & Home Financing Blogs From 2017 We’re back! Below you’re going to find some incredible recaps of home financing and mortgage blogs that have been published during 2017. This week we’re highlighting the best mortgage blogs from this year!

Finance

Lab Coat Agents

JUNE 23, 2025

For example, real estate data tools like PropStream let you zero in on motivated seller leads with various situational filters: bankruptcy, divorce, failed listings, liens, pre-foreclosure, tax delinquency, and more. Here are our top five tips for scoring new listings in today’s market: 1.

Marketing

HomeLight

JULY 21, 2025

No financing hold-ups: Since purchases are cash-based, there’s no risk of a deal falling through due to financing contingencies or loan approval issues. No financing hold-ups: Since purchases are cash-based, there’s no risk of a deal falling through due to financing contingencies or loan approval issues.

Purchase and sale agreement

Marco Santarelli

MAY 22, 2025

For those who might not be as familiar, Dave Ramsey is a personal finance guru. Having navigated his own financial ups and downs, including a bankruptcy early in his career, he speaks from experience. Dave Ramsey Predicts Mortgage Rates Will Drop Soon in 2025 Who is Dave Ramsey and Why Should We Care?

Mortgages

Redfin

JULY 17, 2025

Discuss your finances 3. Discuss your finances It’s essential to be transparent about your finances, especially as an unmarried couple buying a home. Get aligned on the home you want to buy 2. Who will be on the mortgage application 4. Understand the legalities 5. Have a plan for worst case scenario 6.

Purchase and sale agreement

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

AAOA

MAY 5, 2025

Sometimes, life throws the owner curveballslike divorce, bankruptcy, or forced liquidationwhich can also lead a property down this path. Divorce or Bankruptcy Sales: When homeowners go through financial or legal issues, such as divorce settlements or bankruptcy filings, they may need sell their properties quickly.

Bankruptcy

Seattle Times Real Estate

JUNE 9, 2025

Source: Washington State Housing Finance Commission (Frank Mina / The Seattle Times) When Scott entered the real estate market two decades ago, “I saw that my community was in apartments. Now, that number could climb as the state broadens income eligibility to help more people struggling to afford sky-high home prices.

Loans

Redfin

AUGUST 5, 2025

FHA waiting periods based on foreclosure circumstances The FHA loan foreclosure waiting period includes additional waiting periods for getting an FHA loan after a bankruptcy and additional extenuating circumstances surrounding the initial foreclosure. Chapter 7 bankruptcy: Chapter 7 bankruptcy clears away debt.

FHA loan

Housing Wire

FEBRUARY 19, 2025

After challenges caused by a major lender and HMBS issuers bankruptcy in 2022, the government-owned company aimed to remedy these issues by developing a complementary program dubbed “HMBS 2.0.” ” HMBS 2.0 ” HMBS 2.0 The program was announced in January 2024 and a final term sheet was released in November.

Bankruptcy

Housing Wire

MAY 7, 2025

King says he worries that borrowers could spiral into debt, which could result in bankruptcy. She was a responsible borrower but made a mistake: she had lost track of her student loan payments and was 60 days late. Over 42 million Americans hold student loans totaling more than $1.6

Loans

Housing Wire

JUNE 30, 2022

FGMC) and its affiliate Maverick II Holdings filed for Chapter 11 bankruptcy protection late Wednesday. . The company said the bankruptcy action has no impact on closed mortgages, which are already serviced by third parties. The debtor-in-possession financing, however, needs the Delaware bankruptcy court’s approval.

Bankruptcy

Housing Wire

APRIL 11, 2025

Finance of America (FOA) retained its spot as the top HMBS issuer in the industry in Q1, issuing 72 pools with an aggregate amount of $435.9 Finance of America (FOA) retained its spot as the top HMBS issuer in the industry in Q1, issuing 72 pools with an aggregate amount of $435.9 million for a market share of 28.2%. market share.

Mortgages

Housing Wire

JULY 21, 2022

Recent pleadings filed in the bankruptcy case of First Guaranty Mortgage Corp. FGMC and its affiliate, Maverick II Holdings LLC , on June 30 filed to reorganize under Chapter 11 bankruptcy protection. Samples reveals in his declaration that FGMC was hemorrhaging cash just prior to filing for bankruptcy protection — posting a $23.3

Bankruptcy

Housing Wire

MAY 16, 2024

Across all states, California poses the highest risk of bankruptcy for Americans ages 65 and older, according to a study released by personal finance website Moneywise. citizens at the greatest risk of bankruptcy. The study analyzed 11 factors to determine which states put elderly U.S.

Bankruptcy

Housing Wire

JANUARY 17, 2024

The bankruptcy plan administrator for Reverse Mortgage Investment Trust (RMIT), the parent company of former industry lender Reverse Mortgage Funding (RMF), has filed a court petition to convert from Chapter 11 bankruptcy to Chapter 7 bankruptcy. TCB and Ginnie Mae dispute RMIT filed for Chapter 11 bankruptcy in November 2022.

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

JUNE 4, 2024

Hometown Lenders has filed for Chapter 11 bankruptcy protection in Alabama, blaming the Federal Reserve’s policy to curb inflation for its debacle. “After exhausting all reasonable alternatives, Debtor has determined that a resolution outside of this Bankruptcy Court cannot be fairly and equitably achieved,” it states.

Bankruptcy

Housing Wire

AUGUST 25, 2023

filed for Chapter 11 bankruptcy protection in Delaware, just two months after it got back into the forward mortgage origination business. Bankruptcy Court for Delaware. Other creditors in the AmeriFirst bankruptcy with unsecured claims exceeding $500,000 include – RCP Customized Credit Fund ($5.97 million, court pleadings show.

Bankruptcy

Redfin

FEBRUARY 25, 2025

It is so cheap largely because of its economic and population decline , which culminated in bankruptcy in 2013. If buying a home feels impossible, consider one of these cities As house prices rise and mortgage rates settle into a new normal , affordability is becoming a top priority for many people deciding where to live. Detroit, MI 77.2%

Sales

Housing Wire

NOVEMBER 27, 2023

Additionally, Veev also stopped paying interest payments on some of its properties in California. The company attributed its difficulties to “the challenging economic environment and declining real estate prices.” Veev’s business model is innovative: it provides pre-inspected, fully cladded walls directly to homebuilders , ready for installation.

Bankruptcy

Housing Wire

DECEMBER 8, 2020

In all, the Justice Department said the three lenders didn’t comply with federal bankruptcy procedures, which affected a total of 76,000 accounts beginning in 2011. The bank also waived approximately $43 million in fees across its mortgage servicing portfolio, including for borrowers in bankruptcy. Meanwhile, U.S.

Banks

Housing Wire

JANUARY 5, 2021

Blackstone took full control of Stearns in fall 2019 after it exited bankruptcy due to significant debt problems. Guaranteed Rate ended the year as the 11th-largest lender in the country, according to Inside Mortgage Finance. The Chicago-based lender had two loan originators eclipse $1 billion in originations in 2020.

Lending

Housing Wire

APRIL 10, 2024

The company also said it “continues to evaluate new products to reach additional segments of the population facing a retirement gap,” and describes recent reverse mortgage industry consolidation following influential industry changes in 2017 and the 2022 bankruptcy of Reverse Mortgage Funding (RMF). “As

Investor

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

MARCH 6, 2024

Sagent’s solutions include Loanserv, a servicing system of record powering collections, accounting, escrows, investor management and customer care; Tempo, a default management system of record powering loss mitigation, foreclosure and bankruptcy; and Account Connect, a customer care and retention system. billion in volume, an increase of 19.9%

Bankruptcy

Housing Wire

DECEMBER 27, 2023

nationally, per Inside Mortgage Finance (IMF) estimates. There were also a few cases of bankruptcy. HousingWire tracked 62 mergers, acquisitions, exits and bankruptcies covered by the newsroom in 2023. bankruptcies. By the same measure, Guild had just 1.1% M&A deals comprised 79% of the total, followed by 17.7%

Mortgages

Housing Wire

JUNE 7, 2024

According to a Worker Adjustment and Retraining Notification Act (WARN) notice sent to the state authority, jobs cut include professionals in activities related to bankruptcy, customer care, default, foreclosure and valuations, among others. year over year, according to Inside Mortgage Finance (IMF) estimates. Newrez, a top-five U.S.

Bankruptcy

Housing Wire

NOVEMBER 2, 2023

million settlement with Sprout Mortgage for unpaid wages after a request from the shuttered lender to halt the agreement due to an involuntary bankruptcy petition was filed by three creditors. Strauss founded Sprout six years after paying $2.45 Smart Rate Mortgage, LLC is no longer licensed as a residential mortgage company in Illinois.

Loan Officer

Housing Wire

SEPTEMBER 12, 2024

The CFPB’s investigation found that for several years, TD Bank repeatedly gave inaccurate account information to consumer reporting companies, which at times contained systemic errors about personal bankruptcies and credit card delinquencies, the bureau said Wednesday. year over year, according to Inside Mortgage Finance estimates.

Banks

Housing Wire

JANUARY 3, 2024

Reverse mortgage servicing company Celink is seeking the dismissal of a lawsuit alleging that it had added unlawful servicing fees to reverse mortgage loans alongside now-bankrupt lender Reverse Mortgage Funding (RMF). In response to the recent recommendation by a magistrate judge against the dismissal of Dancy-Wilkins v.

Bankruptcy

Housing Wire

APRIL 1, 2024

Recorded in property records since 2018, right-to-list agreements can be misleading in many instances, and they can create “impediments and increase the cost and complexity of transferring or financing real estate in the future,” according to a news release from the American Land Title Association (ALTA), which supports the legislation.

Title

Housing Wire

FEBRUARY 23, 2024

TCB claims that it dealt with Ginnie Mae in good faith, having lent “millions of dollars in much-needed financing to help the collapsing [RMF] continue making payments to senior citizens as part of a mortgage program critical to the federal government.” The Government’s motion should accordingly be denied.”

Banks

Housing Wire

MAY 13, 2024

Broeksmit added that the report “fails to consider the adverse impacts the Basel III Endgame proposal would have on the mortgage market, which, if implemented as proposed, would push banks further out of the business and make it more difficult for them to provide the vital financing that sustains IMBs.” Treasury Secretary Janet L.

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

JANUARY 26, 2024

Finance of America Companies (FOA) received 26 complaints, while American Advisors Group (AAG) — which was acquired by FOA last year — received 17 complaints. Reverse Mortgage Investment Trust (RMIT), the parent company of Reverse Mortgage Funding (RMF), recorded five complaints in 2023 despite filing for bankruptcy at the end of 2022.

Mortgages