Bankruptcy Banks Equity Technology 
Housing Wire
FEBRUARY 17, 2023
Fintech Figure Technologies will partner with NovaWulf Digital Management to provide blockchain technology solutions for a proposed reorganization of troubled crypto lender Celsius. 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.
Housing Wire
FEBRUARY 23, 2024
The three areas in which AI is driving impact are mortgage banking, underwriting and servicing, Rocket CEO Varun Krishna shared with analysts during the latest earnings call. In 2023 alone, the mortgage industry saw a total of 62 merger and acquisition transactions, lender exits and bankruptcies.
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Housing Wire
SEPTEMBER 22, 2023
While the central bank left the benchmark rate unchanged in the target range of 5.25%-5.5% Elevated mortgage rates will lead to more lenders spilling red ink in the latter half of the year, in contrast to the improved financial performance of independent mortgage banks in Q2. Kim: Bankruptcies and layoffs are still happening.
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.
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. During the late 1990s dotcom bubble, many new technology companies' stock was purchased quickly.
HomeLight
APRIL 29, 2022
This technology is now widely available, with other real estate tech companies offering home value estimators. HomeLight is a technology platform that gives hundreds of thousands of homebuyers and sellers the opportunity to partner with top real estate agents. RealtyTrac. After the free trial, RealtyTrac is $49.95
Marco Santarelli
SEPTEMBER 6, 2020
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.
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