Housing Wire

APRIL 18, 2024

ACES Quality Management , a fintech that provides quality-control software for the financial services industry, issued a Mortgage QC Industry Trends report with data through Q3 2023. The overarching goal of prefunding QC is to ward off problems before they become issues on closed loans.

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Loans Due diligence Investor Technology 360

Housing Wire

OCTOBER 10, 2023

After six years of no enforcement actions and a rapidly declining housing market, RESPA attorneys believe some in the industry may be more willing to test the boundaries. “I More than a dozen industry pros and attorneys told HousingWire that RESPA rules are unclear, leaving violations to flourish in a shrinking market.

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Loan Officer Loans Brokerage Mortgages 404

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. Just weeks later, a leaked text message from Flagstar Bank provided an inside look at how dire the current climate is for many non-QM lenders. Non-QM lender First Guaranty Mortgage Corp.

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Lending Banks Bankruptcy Loans 355

Housing Wire

AUGUST 9, 2022

Combined, the closing loan-pool balance for the two securitization deals was $834.2 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.

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Marketing Bankruptcy Loans Principal 357

Housing Wire

NOVEMBER 9, 2022

The steady drumbeat of dour news in the mortgage industry punctuated by headlines announcing layoffs and closures among the ranks of independent mortgage banks continues to play out, with several lenders over the last two weeks adding to the torrent of pink slips. Some 80% of the volume in our industry is done by about 40% of the LOs.

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Loan Officer Loans Mortgages Industrial 403

Housing Wire

SEPTEMBER 29, 2022

Enabling bulk trading, which allows platform users to sell closed loan pools to one or more buyers in a single transaction. These new programs will expand our reach with bank-statement and other alternative-documentation loans, interest-only, etc.,

Marketing 328

Marketing Pre-approval Investor Bankruptcy 328

Housing Wire

JULY 29, 2021

In light of this important industry and policy topic, I thought it instructive to provide further insight into the arguments raised from that previous piece. Many of these firms experienced bankruptcies and closures similar to that of New Century.”. Similar results (2.57 Smith School of Business at the University of Maryland.

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Mortgages Loans Bankruptcy Industrial 413

Housing Wire

DECEMBER 14, 2021

Over the next several years, however, assuming interest rates continue to tick upward absent great volatility, the non-QM (or non-qualified mortgage) market has the potential to grow tenfold, according to some industry executives. He said the housing industry went from slightly more than $2 trillion in origination volume in 2019 to $4.5

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Lending Loans Bankruptcy Technology 315

Housing Wire

MAY 25, 2022

Instead, they have opted to finance manufactured homes that more closely resemble site-built homes, are titled as real property and cost much more. Manufactured homes are no more vulnerable than site-built homes in extreme weather events, industry groups claim. The enterprises thus far have shunned the affordable end of the market.

Finance 352

Finance FHA loan Loans Bankruptcy 352

Housing Wire

DECEMBER 21, 2021

As 2021 draws to a close, it’s clear that the private-label residential mortgage-backed securities (RMBS) market has notched a year for the record books. Morgan , the investment bank side of New York-based banking holding company JPMorgan Chase & Co. For the full year, the RMBS 2.0 Morgan, via its private label conduit, J.P.

Marketing 340

Marketing Loans Investor Bankruptcy 340

Housing Wire

JUNE 28, 2021

Ultimately, DeZarn concluded, “We don’t know where this industry is going.”. But they did not become key players in the home valuation industry until the recent housing bubble.”. The state fees, which in theory go to safeguarding and policing the appraisal industry, are a bane of AMCs (more on that in a sec).

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Bankruptcy Loans Industrial Mortgages 397

Point2Homes

AUGUST 12, 2020

An uptick in Canada’s home prices might seem unlikely amid the COVID-19 crisis, particularly when the economy is facing significant job losses and a record-high number of bankruptcie s. While mortgage brokers noted there are tighter requirements for bank loans, eligible customers can snap up five-year fixed mortgages at 2% or lower.

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Bankruptcy Banks Loans Sales 96

Fancy Pants Homes

MAY 13, 2022

is once again trying to bank a $100+ million sale. Just one year after it sold at auction — banking a somewhat modest $51 million — the sprawling estate re-surfaced on the market with a $120 million asking price. The price point makes it the sixth-most-expensive residential listing in the Los Angeles area, Dirt reports.

Bankruptcy 126

Bankruptcy Title Residential Banks 126

The Close

MARCH 15, 2022

This practice will put further strain on the already short-handed new home industry and prevent more new homes from being built for individual homeowners. An REO agent represents banks and loan servicing companies to sell the homes that they foreclosed upon. Visit The Close Pro. Follow Industry Thought Leaders.

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Agents Investor Banks Land 97

Kyle Handy

JANUARY 20, 2023

They aren’t closing these deals through PayPal but are trying to source a buyer as an FSBO homeowner. But there are a lot of industries that may be helpful if you’re looking to flip a house. Think about people within your community who might be able to give you a referral, even if they aren’t in your industry.

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House Flipping Bankruptcy Investor Renovation 89

The Close

DECEMBER 27, 2022

Preforeclosure and bank-owned properties, or REO. Even a few bank-owned homes are starting to show up in the MLS. These are early-stage distressed homeowners, because it typically takes nine months to a year for a bank to foreclose on a home, clean the title, and place it back on the market. Housing values. Rental rates.

Investor 94

Investor Staging Marketing Banks 94

Realty Biz

AUGUST 20, 2023

It's essential to gather the necessary documentation, such as bank statements and pay stubs, to support your application. Pre-approval requires you to submit documentation such as bank statements, pay stubs, and a comprehensive credit history review, resulting in a more accurate assessment of your borrowing capacity.

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Pre-approval Debt-to-income ratio Mortgages Loans 93

The Close

JUNE 22, 2023

Related Articles 7 Critical Parts of Every Real Estate Investment Business Plan How Smart Investors Decipher & Respond to Real Estate Market Cycles 9 Skills Agents Need to Work With Investors & Close 50-100 Deals a Year Is Right Now Really a Good Time to Invest in Real Estate? It’s a fair question! Consider the 2008 recession.

Investor 116

Investor Debt-to-income ratio New Construction Construction 116

The Close

APRIL 5, 2024

Forewarn can obtain a criminal history, verify current vehicle and property ownership statuses, identify financial risks (like bankruptcy), and provide a complete residential address history for almost 90% of people. The app monitors your credit and bank account and alerts users of potential threats and suspicious activity.

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Agents Property Management Bankruptcy Design 98

Notorious ROB

JULY 11, 2022

Yes, I’m referring to Doomberg , a team with strong backgrounds in energy and heavy industry, who started writing in May of 2021. Doomberg starts by briefly summarizing the horrible precedent of government bailouts of the banks. One of my favorite economic and finance analysts is a green chicken. Wen Bazooka?

Investor 80

Investor Banks Finance Title 80

Notorious ROB

JUNE 12, 2022

In part 1 , we covered legal and regulatory challenges to the real estate industry. Even with a strong job market and wage gains, as well as Covid stimulus savings, price spikes in core spending categories including food, gas and shelter are leading more Americans to mind their pocketbooks closely.

Investor 86

Investor Banks Bankruptcy Equity 86

HomeLight

JULY 31, 2021

turn four walls and a roof into money in the bank, without the need for inconvenient showings, nail-biting appraisals , or a 50-day closing. 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.

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Earnest money deposit Inspection Proof of funds Inspection contingency 98

CT Homes

FEBRUARY 3, 2022

A short sale, commonly also known as a pre-foreclosure sale, is a transaction within the real estate industry refers to a sale that occurs when a financially struggling homeowners sells their property for less than the original amount due on the mortgage. For a homeowner the stain of a short sale is less than a foreclosure or bankruptcy.

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Short sale Sales Pre-approval Principal 52

HomeLight

DECEMBER 2, 2021

A conservative industry estimate might be six months, start-to-finish. One key difference between them: A short sale is homeowner-generated, while a foreclosure is initiated by the bank. . With a foreclosure, the bank assumes ownership of your home, relieving you of many selling tasks. Don’t close any credit accounts.

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Short sale Sales Loans Banks 79

Marco Santarelli

SEPTEMBER 7, 2021

Avoid any area that is dependent on one economic driver such as the tourism or auto industry. Detroit is one such example of a market whose economy was heavily driven by the auto industry. When its auto industry failed, it led to a drastic decline in home values. It could involve renting out a corner to a bank to install an ATM.

Investor 111

Investor Bankruptcy Renovation Industrial 111

Marco Santarelli

SEPTEMBER 8, 2020

Total sales (closed) during July increased 35.4 Data released by Naples Area Board of REALTORS®, which tracks home listings and sales within Collier County (excluding Marco Island), showed that overall closed sales in March increased 15.8 percent to 1,148 closed sales compared to 991 closed sales in March 2019.

Marketing 105

Marketing Purchase and sale agreement Investor Closing 105

HomeLight

APRIL 29, 2022

Much like other online platforms created in the late 1990s and early 2000s — think Amazon which primarily sold books and Facebook which was only available to college students — what began as a specialized site has grown into something much larger that now includes home loans, closing services, and Zillow Premier Agents. RealtyTrac.

Agents 90

Agents Bankruptcy Loans Sales 90

HomeLight

SEPTEMBER 24, 2022

It’s in close proximity to Georgetown Municipal Airport, grocery stores, and several nature preserves and parks. Surrounded by natural areas, Hill Country Retreat is also in close proximity to busy shopping districts in San Antonio. Is there a variety of conveniences nearby such as restaurants, banks, or grocery stores?

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Development Agents As-is Bankruptcy 89

Notorious ROB

DECEMBER 19, 2022

Relevant to this thinking is the fact that the term “MLS” is nowhere defined, other than in private industry groups’ own rules and policies. Zillow went into even more detail, but fundamentally, I thought this was Zillow declaring war against the entire mortgage industry. NAR defines what an MLS is. CMLS defines it. Finally, D.R.

MLS 79

MLS Agents Pre-approval Brokerage 79

HomeLight

SEPTEMBER 28, 2022

It’s geared for those over 55 seeking a peaceful setting close to nature. Check ratings, reviews, and comments posted on the Better Business Bureau site, Google Reviews, and industry websites. Is there a variety of conveniences nearby such as restaurants, banks, or grocery stores? Price range: low-$200K to low-$700K.

Development 85

Development Agents As-is Construction 85

HomeLight

FEBRUARY 8, 2023

It’s geared toward those older adults seeking a peaceful setting close to nature. Check ratings, reviews, and comments posted on the Better Business Bureau site, Google Reviews, and industry websites. Is there a variety of conveniences nearby such as restaurants, banks, shopping, or grocery stores? star rating on 55 Places.

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Development Agents Construction Design 85

Toronto Realty Blog

DECEMBER 19, 2023

In this post, I provided the following reasons: 1) Zoning and approval 2) Economic viablity 3) Financing 4) Bankruptcy 5) The ability to cancel and re-sell without reprisal While a couple of the points are repeated from the previous blog post, the explanations and reasoning are completely different. I absolutely hate it.

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Pre-approval Construction Development Agents 83