Remove Bankruptcy Remove Banks Remove Equity Remove Residential
article thumbnail

Figure partners with NovaWulf on proposed reorg of crypto lender Celsius

Housing Wire

The partnership was made public by Figure on Thursday and comes a day after an announcement from Celsius — which filed for bankruptcy in July 2022 — that it will be acquired by NovaWulf. NewCo is expected to be a public reporting company that is initially 100% owned by Celsius creditors with its common equity provided in a tokenized form.

article thumbnail

Compare Your Home Equity Borrowing Options

Realty Biz

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
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The big nonbanks stir up a non-QM turf war

Housing Wire

The figures are drawn from the prime and nonprime (or non-QM) residential mortgage-backed securities deals tracked by Kroll Bond Rating Agency (KBRA). UWM recently rolled out bank statement loans targeting the self-employed as well as investor loans. billion over the first full three months of 2021, the most recent KBRA’s data show.

Loans 363
article thumbnail

What Happens to Homeowners if the Housing Market Crashes?

Marco Santarelli

Instead, they will lose their homes to foreclosure and often file for bankruptcy in the process. By 2000, the Nasdaq peaked, and when the tech bubble burst, many high-flying equities plummeted. A drop in housing prices resulted, in lowering the equity of homeowners even more. In response to the technology bust, the U.S.

article thumbnail

 MAXEX seeks to capitalize on expanding non-QM market

Housing Wire

MAXEX is an Atlanta-based fintech company that is backed by leading private-equity and capital-markets investors, including J.P. These new programs will expand our reach with bank-statement and other alternative-documentation loans, interest-only, etc., Morgan Chase.

Marketing 360
article thumbnail

Passive Income Ideas: 25 Ways To Earn More Money In 2020

Marco Santarelli

Lending money through the crowdfunding site eliminates the need to have a detailed contract with the borrower or having an equity stake in the property itself. If they are sued or go into bankruptcy, you’re joined at the hip as their business partner. On the other hand, stocks are considered equity. Affiliate Marketing.

Lending 135
article thumbnail

Four Horsemen of the Housing Apocalypse, Part 3: On a Black Horse – Recession

Notorious ROB

At least one major Wall Street bank, Deutsche Bank, has called for a major recession : Deutsche Bank raised eyebrows earlier this month by becoming the first major bank to forecast a US recession, albeit a “mild” one. Now, said zombie company is really dead and enters bankruptcy proceedings.