Housing Wire

JULY 22, 2022

Non-QM lender First Guaranty Mortgage Corp. FGMC) filed for Chapter 11 bankruptcy protection at the end of June — leaving four warehouse lenders on the hook for more than $415 million. Sprout Mortgage imploded in early July, leaving its employees out in the cold. It has since been sued by its former employees.

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Lending Banks Bankruptcy Loans 377

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. Garth Graham, senior partner at stratmor group.

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Loan Officer Loans Mortgages Industrial 410

Housing Wire

AUGUST 11, 2022

Likewise, Atlanta-based A ngel Oak Mortgage Inc. , a real estate investment trust focused on nonqualified mortgages, or non-QM, recently announced that it was struggling with red ink — recording a net loss of $52.1 a long-term player in the non-QM mortgage market. Redwood Trust Inc. , The Angel Oak Cos.

Mortgages 383

Mortgages Loans Residential Lending 383

Realty Biz

SEPTEMBER 25, 2021

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.

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Equity Loans Bankruptcy Mortgages 91

CT Homes

FEBRUARY 3, 2022

As difficult as it may be to believe, the mortgage collapse was over ten years ago. 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.

Short sale 52

Short sale Sales Pre-approval Principal 52

C4D Crew

AUGUST 3, 2020

Previously successful people have had to declare bankruptcy, and gotten bankruptcy loans, recently because of COVID-19. Cheese to name a few have had to invoke bankruptcy protection with bankruptcy loans. . Bankruptcy Code. The Struggle Continues with Bankruptcy Loans. No Scarlet Letter for Bankruptcy Loans.

Bankruptcy 52

Bankruptcy Loans Principal Finance 52

Toronto Realty Blog

JANUARY 5, 2023

Foregoing Christmas gifts is a great way to save a thousand bucks or more, and I’d rather spend that on the kids, or bank it. Joe t-shirt that the average home price in November of 2023 is higher than that… 2) Mortgage Renewals, Trigger Rates, & Interest Rates. And if I didn’t, I’d just buy it.

Banks 80

Banks Mortgages Bankruptcy As-is 80

Broke Agent Media

JUNE 2, 2023

Dr. Anju Vajja Principal Associate Director in FHFA’s Division of Research and Statistics HousingWire’s Logan Mohtashami explained why this is happening in a recent article while debunking some popular myths about inventory. Source: FHFA U.S. house prices generally increased modestly in the first quarter.

Bankruptcy 52

Bankruptcy Principal Finance Mortgages 52

HomeLight

JUNE 30, 2022

You also want to check your FICO score, as this is what the majority of lenders use ; you can often get your FICO score for free if your banking institution provides it, but otherwise you might have to pay for this service. Your mortgage lender will check your credit score , as well as analyze your credit history. Bank statements.

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Purchase and sale agreement Inspection Earnest money deposit Closing costs 74

HomeLight

DECEMBER 1, 2021

Whatever the circumstance, you should act early if you’re suddenly struggling to make your monthly mortgage payment. We also connected with HomeLight Home Loans Mortgage Sales Leader Richie Helali, who offered an insider’s look at mortgage options that could help you hold on to your home — or let it go without falling into foreclosure.

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Purchase and sale agreement Short sale Loans Mortgages 107

Notorious ROB

DECEMBER 19, 2022

Rocket Mortgage Acquires Redfin. To be fair, there were a number of big announcements, but the one I honed in on was this one: We plan to overhaul our current mortgage funnels away from third-party lead generation and toward Zillow Home Loans , and bolster our loan officers’ tools and capabilities to help the customers who come their way.

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MLS Agents Pre-approval Brokerage 79