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Former FHFA exec Jason Cave says FSOC report is a ‘tall order’ for states

Housing Wire

FDIC), including as a representative on the deputies committee of the FSOC, where he helped to build its nonbank designation program. If I were the state regulators, I would look at this closely and see where we need to up our game … That’s a tall order to do at a state level,” Cave said. He left the FHFA in February.

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The risk of zero-down loans while the Fed talks recession

Housing Wire

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. The entire system has to be designed to inflate the price over time. This is what we do in America.

Loans 543
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 MAXEX seeks to capitalize on expanding non-QM market

Housing Wire

MAXEX , a major mortgage trading and aggregating platform, has unveiled a series of new programs designed to serve originators and loan buyers in the growing non-QM lending market. Enabling bulk trading, which allows platform users to sell closed loan pools to one or more buyers in a single transaction.

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3 Alternative Home Loan Options for People with Bad Credit

Rent, Buy & Sell

Bad credit is usually the result of late bill payments, bankruptcy, foreclosure and loan defaults. FHA loans can also be obtained by people who have a bankruptcy or foreclosure on their record. Instead, they guarantee the loan by approving and insuring banks and lending institutions. There are some drawback to VA loans.

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Heavily Discounted Hearst Estate in Beverly Hills Back on the Market for $70M

Realtor.com

Ross eventually put the property into bankruptcy and the saga of attempted sales efforts commenced. The agent, Anthony Marguleas of Amalfi Estates, who became involved with the listing after the bankruptcy court took ownership of the property this year, came up with the rebranding of the property, harking back to its tycoon days. “I

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9 Proven Strategies to Find Hidden Listing Inventory in 2022

The Close

In order to make your search easier, here are nine hidden listing opportunities and the tips and scripts you’ll need to close them. It turns out that a bank had foreclosed on the property several years ago and somehow forgot that they owned it—until the investor tracked down and presented them with the foreclosure sale information.

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The appraisal industry’s hidden hand

Housing Wire

In the fall of 2019, Brian Coester, filed for Chapter 7 bankruptcy in Maryland federal court, after CoesterVMS went under. Rickard, who said that she is still owed $3,800 for her work, is one of multiple appraisers listed as creditors in the Coester bankruptcy. But he repeatedly surfaces as the designated mouthpiece for AMCs.