Redfin

JULY 17, 2025

This agreement can include: How much each person contributed to the down payment and closing costs How you’ll split monthly expenses like mortgage payments, taxes, and maintenance What happens if one of you wants to sell or move out How the proceeds of a future sale will be divided 5. Is it harder for unmarried couples to buy a house?

Purchase and sale agreement

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. But what actually makes a property distressed?

Bankruptcy

Seattle Times Real Estate

JUNE 9, 2025

Most Read Business Stories Seattle-area homebuyers skittish amid high rates, economic uncertainty Rite Aid, Bartell presence in WA shrinks as bankruptcy fire sale burns 17 more WA Rite Aid stores, including 4 Bartell Drugs, to shutter ‘Rough ride’ for auto industry in coming years, Bank of America report finds BowFlex Recalls 3.8

Loans

Housing Wire

OCTOBER 12, 2023

Bankrupt retail lender AmeriFirst Financial is seeking approval for a private sale of loans from a Delaware bankruptcy judge to pay off two warehouse lenders and fund restructuring costs. Law360 and National Mortgage News first reported on AmeriFirst’s motion seeking approval of loan sales. million to Centier Bank.

Loans

Redfin

FEBRUARY 25, 2025

of homes affordable on areas median income Median household income : $63,937 Median sale price: $175,000 Median rent price: $1,333 Income needed to afford median-priced home: $45,789 Cost of living: 3% higher than the national average Detroit, the automobile mecca turned Rust Belt icon, is the most affordable city in the U.S. Louis, MO 67.5%

Sales

Housing Wire

AUGUST 15, 2024

Department of Housing and Urban Development (HUD), last week filed a slew of new documents in their court case against Texas Capital Bank (TCB). These were primarily in response to the bank’s prior motion for a partial summary judgment and offer reasons why the motion should be denied. Attorneys for the U.S.

Bankruptcy

Housing Wire

MARCH 26, 2021

The lawsuit, which combined two legal actions that were designated a class action, was filed on behalf of 5,377 loan officers and other mortgage staffers employed by the bank in California from 2013 and 2019. James Kang, the lead plaintiff, said Wells Fargo illegally clawed back compensation.

Bankruptcy

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

NOVEMBER 15, 2022

The solution: Bank Statement loans. . Angel Oak’s Bank Statement loan is ideal for the self-employed. Loans up to $3 million 12 or 24 months personal or business bank statements allowed 1099 earning statements accepted Two years seasoning required for bankruptcy, foreclosure, short sale or deed-in-lieu.

Bankruptcy

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. That’s very low historically.

FHA loan

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. million homes for sale, but in 2022 we got as low as 870,000 in total inventory. We have a much better housing ecosystem now for sure.

Loans

Housing Wire

JANUARY 5, 2023

Silvergate Capital Corporation , parent company of Silvergate Bank , which provided services to Sam Bankman-Fried’s now-collapsed crypto empire, walked away from its mortgage warehouse business and cut workforce by 20% as clients pulled $8.1 billion in crypto-related deposits. million in severance payments and $1.3

Lending

Housing Wire

AUGUST 30, 2022

From the index : I know it seems strange, but existing home sales are falling, and the monthly supply of new homes is at 10.9 months even if the last existing home sales report showed home price growth of near 11% year over year. However, we haven’t had a credit sales boom like the one we saw from 2002-2005.

Bankruptcy

Housing Wire

AUGUST 9, 2022

LLC , recently announced that it is exploring a potential company sale or merger in the wake of posting a $22.4 The stock-value pressure is prompting the WMC to explore alternatives going forward, including a possible sale of the company. The REIT, which is managed by investment advisor Western Asset Management Co. WMC, with some $2.8

Marketing

Keeping Current Matters

JUNE 10, 2021

Lehman Brothers) and many more into bankruptcy. We told banks they needed more reserves and that they could no longer underwrite toxic mortgages. Here are the results of that regulation, captured in a graph depicting the number of failed banks since 2007. It created a panic that drove some large companies out of business (ex.

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, 2021

A Bank Statement loan allows bank statement submissions instead of tax returns. Portfolio Select is a good option for those just two years out of foreclosure, short sale, bankruptcy or deed-in-lieu. This loan qualifies using the cash flow of the property. Full doc options include Platinum Jumbo and Portfolio Select.

Loans

Housing Wire

DECEMBER 27, 2022

Other smaller lenders, including real estate tech startup Reali and Sprout Mortgage , shuttered, while First Guaranty Mortgage Corp filed for Chapter 11 bankruptcy. non-Bank financial institutions at Fitch Ratings. Everybody is going to have a black eye here.

Marketing

Housing Wire

SEPTEMBER 9, 2022

That cap doubled starting in September, meaning the central bank going forward will now allow up to $35 billion per month in MBS to roll off its balance sheet as the securities mature. The Fed capped monthly MBS runoff of its $2.7 trillion MBS portfolio over the past three months at $17.5

Marketing

Housing Wire

AUGUST 11, 2022

The magnitude of rapidly rising rates impacted our residential mortgage banking business, while demand for shorter-term financing from our business-purpose lending borrowers [including bridge loans and single-family rental property loans] proved more resilient.”. or less],” which will “impact executions for those seeking to securitize.”.

Mortgages

Housing Wire

MAY 10, 2022

Hill also was accused of defrauding his employer out of $480,000 in sales commissions. Depository Institutions – Banks SARs Filings Related to Mortgage Fraud 2020: 11,349 2021: 8,805 Down: 22%. Following are some of the DOJ presser headlines for those cases and links to the official releases describing the charges. Loan or Finance Cos.

Mortgages

Housing Wire

FEBRUARY 28, 2023

We remain focused on winning new clients, expanding and extending our relationships with existing clients through cross-sales and contract renewals, and delivering innovative new solutions.” Organic growth in 2022 declined from the previous year’s 10%, which is in line with the mortgage analytics data company’s expectations. .

Bankruptcy

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. So, it’s the same thing with these 4,400 independent mortgage banks. “At He points out that in 2021, 85% of the U.S.

Mortgages

Housing Wire

DECEMBER 21, 2021

The pool of non-QM borrowers includes real estate investors, property flippers, foreign nationals, business owners and the self-employed, as well as a smaller group of homebuyers facing credit challenges, such as past bankruptcies. Morgan , the investment bank side of New York-based banking holding company JPMorgan Chase & Co.

Marketing

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. filed for Chapter 11 bankruptcy. [In

Loan Officer

Housing Wire

MARCH 26, 2024

For those individuals that are considering selling in the current real estate market , it is important to stress to them that they have several paths that can be taken to find their new home while also not breaking the bank.

Equity

Housing Wire

APRIL 18, 2024

The report defines a critical defect as one that “would result in the loan being uninsurable or ineligible for sale.” We buy loans from over 100 different mortgage banks in a given month,” Smith said, “… and we’ve been working with and training a [generative AI] system on our [non-QM] guidelines.”

Loans

Housing Wire

JUNE 28, 2021

The remote work was a further dislocation for an industry tied up in a most concrete transaction – the home sale – and yet abstracted in its duties, unclear in its worth. In the fall of 2019, Brian Coester, filed for Chapter 7 bankruptcy in Maryland federal court, after CoesterVMS went under. Rickard never got paid.

Bankruptcy

Realty Biz

AUGUST 29, 2022

Many more homes have been sold since then and some have even gone through short sales. But what is a short sale exactly, and how is it any different than a regular sale, bankruptcy, or foreclosure? How does a short sale affect you as a homeowner? Are there any benefits of short sales compared to other options?

Short sale

HomeLight

MARCH 16, 2023

Do you need to connect with cash home buyers in Houston for a fast sale? Whatever your reason for needing a quick sale without making expensive repairs, Houston is teeming with cash home buyers ready to make you an offer no matter your home’s condition. Need to Sell Your House Fast in Houston? No showings, no repairs, no open houses.

Sales

HomeLight

AUGUST 16, 2021

As Richie Helali , mortgage sales leader at HomeLight Loans explains “You have to actually report the income. They will also consider your current and previous debts that resulted in foreclosures or bankruptcies. Bank statements. Bankruptcy paperwork. Bill of sale. Credit cards and other lines of credit.

Loans

Toronto Realty Blog

MARCH 1, 2023

Remember, developers can start pre-sales before they have a final design or approval, and of course, they can always change the design. We talked a lot about sales on Monday as a reason for delays. After all, they’re developers, not equity groups or banks. I see the failed 2007 development called “Giraffe Condos.”

Construction

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. Pittis points to increased sales numbers and prices for homes in two of Canada’s largest cities, Vancouver and Toronto. compared to June 2020.

Bankruptcy

HomeLight

JULY 30, 2021

When you apply for a mortgage , you’re essentially asking a bank to hand you hundreds of thousands of dollars with the promise to pay it back over the next 15 to 30 years. The bank will ask for a list of mortgage documents to prove you’ll be able to repay the loan. Bankruptcy discharge papers. Can you blame them?). Other income.

Loans

HomeLight

MAY 24, 2022

Even though it’s all cash to the sellers at closing, with a cash offer, “you don’t have to go through the appraisal or the bank approval process — it’s cleaner.”. A cash sale: Start to finish. With a cash sale, you can skip a few steps in the typical closing process. Average Price Point. Single Family Homes.

Purchase and sale agreement

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. Villa Firenze in North Beverly Park. Image credit: Concierge Auctions.

Bankruptcy

RIS Media

JANUARY 29, 2021

A lender may instead base its decision on information contained in bank statements. After a bankruptcy, foreclosure or short sale, a prospective homebuyer may have to wait a period of time before taking out a new prime mortgage. With an Alt-A mortgage, a lender may require much less documentation.

Debt-to-income ratio