The Close

JANUARY 16, 2025

These records include images of the damages, printouts of email or text messages with the tenant, bank statements, or returned checks. Without evidence, proving your case is more complicated and could delay eviction. Having an experienced landlord eviction attorney on your side will ensure your action stays within legal boundaries.

Inspection

The Close

MARCH 13, 2025

It offers online banking and accounting, leasing and property management, tenant management, and app integrations. Your tenants have a convenient app to communicate with you, pay rent and fees, connect their bank accounts, and submit maintenance requests. Manage from your computer or on the go with its convenient mobile app.

Property Management

Rochester Real Estate

NOVEMBER 5, 2015

Should I Go With A Mortgage Broker Or A Bank? A common question Realtors get from buyers and home owners looking to refinance is “should I go with a mortgage broker or a bank?” They cover the differences between mortgage brokers and banks, the pros and cons of each one and just as importantly, how to find a good lender.

Finance

Marco Santarelli

MAY 22, 2025

That's why when someone like Dave Ramsey, a guy who's built a career on giving straightforward financial advice, talks about the housing market, people tend to listen. In fact, Ramsey believes these changes, specifically a drop in rates, could be the key to unlocking a more active housing market.

Mortgages

Housing Wire

DECEMBER 27, 2024

billion in origination volume in the third quarter of 2024 , when it reported profitability in its origination segment even with an overall loss of $67 million due to a market value change in its servicing book. In 2024, M&A deals accounted for 76% of the total, followed by exits at 22% and bankruptcies at 2%. Guild posted $6.9

Mortgages

AAOA

MAY 5, 2025

These homes are typically under foreclosure, in pre-foreclosure, or have already been repossessed by a lender or bank. Sometimes, life throws the owner curveballslike divorce, bankruptcy, or forced liquidationwhich can also lead a property down this path. It also elevates their market appeal and value.

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. I saw that many didn’t even consider the idea of owning a home.” “The

Loans

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. First Guaranty Mortgage Corp.

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. Warehouse lender Flagstar Bank , which has a lawsuit filed against Hometown Lenders , has the largest unsecured claim, $20.1 million), investor Freddie Mac ($3.4

Bankruptcy

Redfin

FEBRUARY 25, 2025

It is so cheap largely because of its economic and population decline , which culminated in bankruptcy in 2013. A strong job market, relatively low housing costs, and a thriving community continue to make it a great option for those looking to live affordably in a lively city. Detroit, MI 77.2% Baltimore, MD 64.4% Cincinnati, OH 60.8%

Sales

Housing Wire

NOVEMBER 13, 2023

. $700 billion in taxpayer funds were authorized to help stabilize the economy in free fall in the wake of the Lehman bankruptcy and a mortgage market meltdown. The original plan — to buy up troubled mortgage assets — was quickly abandoned in favor of actions like capital infusions for banks and the bailout of our auto companies.

Banks

Housing Wire

JULY 11, 2024

A magistrate judge overseeing requests in a case against Ginnie Mae brought by Texas Capital Bank (TCB) has granted each side’s respective requests for an extension — one for a partial summary judgment for TCB, and the other for a change in venue by attorneys for the U.S. at the time of its 2022 bankruptcy. government.

Banks

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. While the central bank left the benchmark rate unchanged in the target range of 5.25%-5.5% However, a silver lining in the subdued housing market is the strength in new-home sales.

FHA loan

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. But the housing market in the second half of 2022? By September, a full-fledged housing market recession had set in. The 2002 housing market has been a tale of two halves,” said Green. A mortgage rate lockdown freezes the housing market.

Marketing

Housing Wire

SEPTEMBER 9, 2022

The pace of mortgage-backed securities (MBS) issuance in the nonagency market slowed considerably in July and August as rising interest rates and Federal Reserve MBS-purchase policy have combined to dampen the momentum exhibited in the private-label space in 2021 and over the first half of this year. billion over the same period in 2021.

Marketing

Housing Wire

OCTOBER 31, 2022

One of the unsung heroes of the most prolonged economic and job expansion ever recorded in history was the passing of the 2005 Bankruptcy Reform Act and the 2010 qualified mortgage rule under Dodd-Frank. As we can see below, the bankruptcy levels were extremely high before the bankruptcy law was passed in 2005.

Bankruptcy

Housing Wire

JULY 28, 2023

It follows a request from the shuttered lender to halt the agreement due to an involuntary bankruptcy petition filed by three creditors. New Wave Lending Group , JMJ Financial Group and EF Mortgage filed on July 5 an involuntary petition against Sprout under Chapter 7 of the Bankruptcy Code in a New York court, claiming the lender owes $1.3

Bankruptcy

Housing Wire

NOVEMBER 15, 2022

While originations are down due to a volatile mortgage market, the population of underserved borrowers who require non-QM products is on the rise. Prospecting for these borrower types can help protect your business during market shifts. The solution: Bank Statement loans. . A look at non-QM borrower profiles. and growing.

Bankruptcy

Housing Wire

NOVEMBER 9, 2021

This was very critical to not only the housing market but also the health of the U.S. As you can see below, when you lend to the capacity to own the debt, you should never see a rise in foreclosures or bankruptcies unless a job loss recession happens on a massive scale. This content is exclusively for HW+ members.

Bankruptcy

Housing Wire

AUGUST 9, 2022

The latest non-QM player to feel the pain of the interest rate volatility afflicting the nation’s housing market this year is a Pasadena, California-based real estate investment trust called Western Asset Mortgage Capital Corp. And they have to sell them now [in the whole loan market or via securitization when we are seeing] 6%, 6.5%

Marketing

Housing Wire

SEPTEMBER 29, 2022

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. That has left “originators scrambling for liquidity in this growing market segment,” MAXEX’s announcement of the new non-QM initiative states.

Marketing

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. market — defined as all post-financial-crisis prime, non-prime and credit-risk transfer (CRT) transactions — is projected to exceed $115 billion in issuance.

Marketing

Housing Wire

SEPTEMBER 8, 2022

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. People’s first reaction was to wonder if this was 2008 all over again. The entire system has to be designed to inflate the price over time.

Loans

Housing Wire

OCTOBER 13, 2022

The financial chaos that sparked the savings and loan crisis of the 1980s, leading to a government bailout, now haunts the independent mortgage banking market this Halloween season — and beyond. mortgage market was ripe for refinancing, but today closer to 10%. . RTC), closed 747 S&Ls with assets of more than $407 billion.

Mortgages

Housing Wire

MAY 10, 2022

As the housing market enters a purchase-market cycle sparked by rising mortgage rates that have killed off a long-running refinance boom, we can expect to see mortgage-fraud schemes proliferate, industry experts say. The Hill case is not a common occurrence in the world of housing finance, but it is far from rare. month over month.

Mortgages

Housing Wire

MARCH 1, 2024

The funds will ultimately go to companies including Mirae Asset Securities , Industrial and Commercial Bank of China Financial Services (ICBC), Flagstar Bank , Customers Bank and the bankruptcy estate of Live Well itself, according to court filings reviewed by RMD. million; Customers Bank receive $7.64

Banks

Housing Wire

MARCH 26, 2024

“Mismanagement of this program could lead to the collapse of the reverse mortgage market that hurts both seniors and taxpayers.” He also seeks information regarding the “proposed policy solutions to safeguard the reverse mortgage market in the future.” Mike Braun (R-Ind.) Of the $24.6 million in additional funding requested, $4.4

Bankruptcy

Housing Wire

MARCH 23, 2022

Minneapolis-based CarVal Investors , a global alternative investment manager and long-time player in the mortgage market, has launched a real estate mortgage investment conduit, or REMIC, that plans to work with loan originators around the country to develop and acquire innovative nonagency mortgage products.

Bankruptcy

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.

Lending

Housing Wire

MAY 13, 2024

The FSOC report, released on Friday, states that these companies quickly adapt their operations to market conditions, are early adopters of technology and are key for underserved borrower groups. In addition, nonbanks represent seven of the 10 largest servicers of Fannie Mae , Freddie Mac and Ginnie Mae loans.

Bankruptcy

Housing Wire

FEBRUARY 5, 2021

At the time, the bankruptcy was being conducted by Blackstone , the private equity giant that acquired a majority stake in Stearns parent company, Stearns Holdings , back in 2015. And market leader Rocket Companies is expected to announce later this month that it originated over $300 billion worth of mortgages in 2020.

Lending

Housing Wire

JULY 27, 2022

AOMR)— has brought to market a total of five PLS deals backed by mortgage pools valued at $2.1 The question remains, however: Is Angel Oak’s liquidity strategy sufficiently robust to get it through the current economic environment, which is marked by high market volatility and fast-rising interest rates?

Marketing

Housing Wire

NOVEMBER 10, 2020

His corner of the Atlanta mortgage market – high-value home loans that wouldn’t be bought by the GSEs – was booming. Over the last several months, liquidity has poured back into the non-QM market, prompting roughly a half-dozen lenders to once again underwrite non-QM loans. “Pre-COVID, The origination credit quality was very good.

Debt-to-income ratio

Housing Wire

DECEMBER 13, 2024

The Mortgage Bankers Association (MBA) this week published a proposal for Ginnie Mae to develop a new mortgage securitization product that could boost the availability of private capital liquidity sources into the market, particularly in periods of stress for the U.S. could serve as a logistical template for such a product.

Bankruptcy

Housing Wire

AUGUST 30, 2022

While the growth rate is cooling monthly, we are still in a savagely unhhealthy housing market trying to get national inventory levels back to pre-COVID-19 levels. I understand why anti-Central Bank people say this because they want to blame everything on the Federal Reserve and say it’s just been booming demand.

Bankruptcy

Housing Wire

FEBRUARY 23, 2024

per share at market open on Friday, up from $10.98 per share at market close the day before. 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. Rocket’s stock price rose to $11.75

Bankruptcy

Housing Wire

JANUARY 19, 2023

The lawsuits quickly came pouring in, but Strauss never did seek bankruptcy protection for Sprout or its affiliates. The Smart Rate website mentions that the mortgage lender offers purchase and refinancings, jumbo, FHA, adjustable, bank statement and investors loans. Yet Strauss, who already has a $2.45

Mortgages