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.

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Bankruptcy Days on market Sales Short sale 397

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 405

Marketing Bankruptcy Loans Principal 405

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.

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Lending Banks Bankruptcy Loans 389

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.

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Bankruptcy Banks Short sale Industrial 237

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?

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Short sale Sales Bankruptcy Banks 108

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 375

Bankruptcy Mortgages Technology Banks 375

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 423

Loans Due diligence Investor Technology 423

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 367

Mortgages Marketing Banks Loans 367

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 458

Equity Loans Bankruptcy New Construction 458

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 407

Marketing Fixed-rate mortgage Bankruptcy Mortgages 407

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.

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Mortgages Marketing Loans Finance 414

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.

Equity 519

Equity Marketing Loans Bankruptcy 519

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.

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Marketing Loans Investor Bankruptcy 401

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 435

Loan Officer Loans Mortgages Industrial 435

The Close

JULY 23, 2022

Begin with an MLS search of the past 12 months’ sales in the area your client is looking. It turns out that a bank had foreclosed on the property several years ago and somehow forgot that they owned it—until the investor tracked down and presented them with the foreclosure sale information. Sort the search by “Listing Agent.”

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Bankruptcy Purchase and sale agreement MLS Investor 111

CT Homes

FEBRUARY 3, 2022

A defining term that emerged shortly after the collapse was the “short sale”. In the years following, short sales were the driving force behind a majority of all total real estate transactions. While the overall number has greatly declined in recent years, there are still a good number of short sale transactions happening every day.

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Short sale Sales Pre-approval Principal 52

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 98

Loans Mortgages Bankruptcy Purchase and sale agreement 98

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.

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Bankruptcy Banks Loans Sales 96

Realtor.com

JULY 2, 2021

Ross eventually put the property into bankruptcy and the saga of attempted sales efforts commenced. The agent, Anthony Marguleas of Amalfi Estates, who became involved with the listing after the bankruptcy court took ownership of the property this year, came up with the rebranding of the property, harking back to its tycoon days. “I

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Bankruptcy Marketing Design Agents 105

The Close

DECEMBER 27, 2022

Real estate sales by unit. Preforeclosure and bank-owned properties, or REO. Distressed sales will create a downward force on sales prices, especially for sellers who are forced to move. Builders experience an increase in failed sales due to move-up purchasers not being able to sell their existing homes.

Investor 95

Investor Staging Marketing Banks 95

Kyle Handy

JANUARY 20, 2023

Estate sales professionals, estate auctions, senior living communities — often, these individuals know about properties before they hit the market. You can target advertising on Google or Facebook to people interested in bankruptcy or foreclosure. ” they discovered you?

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House Flipping Bankruptcy Investor Renovation 89

Realty Biz

AUGUST 31, 2021

You are probably looking for a quick sale because you are facing foreclosure, bankruptcy, going through a divorce, or just need to sell and leave the state. In the case of a cash buyer, the closing process can take place much faster since they are not waiting for financing approval or bank financing. The final steps of selling.

Bankruptcy 64

Bankruptcy Renovation Finance Staging 64

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.

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Bankruptcy Title Residential Banks 128

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 95

Debt-to-income ratio Mortgages Bankruptcy Loans 95

HomeLight

AUGUST 16, 2021

You’ll learn how to prospect for distressed properties, how to approach homeowners, how to work with banks, and much more that will position you as the local expert with solutions to help those in need. Christina’s course: Working with Foreclosures and Short Sales. HUD Homes for Sale. Links and Show Notes.

Marketing 75

Marketing Short sale Bankruptcy Banks 75

Realty Biz

JUNE 7, 2021

Credit Unions and large banks sometimes take a bit longer than other mortgage lenders. As long as everything proceeds smoothly, there should be no reason you can’t complete the time frame agreed upon in the purchase and sale agreement regarding the closing. Hence, the closing timeline depends on your lender. Final walk-through.

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Closing Purchase and sale agreement Inspection Title 120

Realtor.com

JULY 2, 2021

Ross eventually put the property into bankruptcy and the saga of attempted sales efforts commenced. The agent, Anthony Marguleas of Amalfi Estates, who became involved with the listing after the bankruptcy court took ownership of the property this year, came up with the rebranding of the property, harking back to its tycoon days. “I

Bankruptcy 66

Bankruptcy Marketing Design Agents 66

The Close

JUNE 22, 2023

According to the National Association of Realtors’ latest existing-home sales data , sales are down 23.2% This retail market is reflective of a sale between a seller who is not in financial or personal distress and a buyer who is not being influenced to buy due to their circumstances. and prices are down 1.7%

Investor 116

Investor Debt-to-income ratio New Construction Construction 116

Realty Biz

AUGUST 18, 2020

Property owners impacted by the COVID-19 housing crisis are struggling to pay mortgages, and the imminent risk of foreclosure and bankruptcy looms large over the industry. Historically-low interest rates and a low inventory of homes for sale have helped the housing market remain robust. Ironically, the housing market seems resilient.

Purchase and sale agreement 104

Purchase and sale agreement Bankruptcy Mortgages Commercial 104

HomeLight

AUGUST 31, 2020

This means that you cannot sell your house and pocket any equity from the sale until that tax lien debt is satisfied. Whether out of embarrassment or denial, many homeowners hold out hope that their tax lien problem won’t crop up until after the home sale closes. What is a tax lien on a home? Source: ( IRS ).

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Bankruptcy Equity Title Closing 97

Fancy Pants Homes

JULY 14, 2022

Also known as the Beverly House (or the Godfather house, or the Bodyguard house, take your pick), it’s long been one of the most expensive houses for sale in Beverly Hills, having last been listed in 2018 for $135 million, down from its ambitious initial ask of $195 million. Beverly Drive in California. Photo credit: Jim Bartsch.

Bankruptcy 111

Bankruptcy As-is Land Sales 111

Fancy Pants Homes

OCTOBER 14, 2020

Also known as the Beverly House, it’s one of the most expensive houses for sale in Beverly Hills at the moment, having last been listed in 2018 for $135 million. The Beverly House, as we call it today, was designed by Gordon Kaufmann and built in 1926 for banking executive Milton Getz. What do JFK, Jackie O.,

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Bankruptcy Sales As-is Land 111

Redfin

MARCH 14, 2022

How a seller’s disclosure can impact a home sale. Missing items: The seller needs to list any items that will be removed after the sale, such as refrigerators or lighting fixtures. . There are several circumstances in which a buyer may not receive a seller’s disclosure – this is known as a “no seller’s disclosure sale.”

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Purchase and sale agreement Due diligence Seller disclosure Inspection 69

Marco Santarelli

JULY 25, 2022

Instead, they will lose their homes to foreclosure and often file for bankruptcy in the process. Government promotion of homeownership prompted banks to slash rates and credit criteria, sparking a house-buying frenzy that drove the median home price up 55% from 2000 to 2007. The problem was rooted in this self-perpetuating cycle.

Marketing 52

Marketing Lending Mortgages Equity 52

HomeLight

APRIL 29, 2022

Home listings: Zillow’s listings include the Zestimate, photos, listing description, school information, comparable home sales, maps, and more. It’s free to search for homes on Zillow as well as list homes for sale, so you may be wondering “how does Zillow make money?” How does Zillow make money? RealtyTrac.

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Agents Bankruptcy Loans Sales 96

Realty Biz

OCTOBER 4, 2022

A portion of the rent goes towards the sale of the house when the lease agreement ends. Rent-to-own is a great way to buy a house after bankruptcy or when you have a ding in your credit. These are obtained from a bank or other private lender specifically to purchase a home. Mortgage Pros and Cons.

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Purchase and sale agreement Mortgages Loans Bankruptcy 69

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.”.

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Mortgages Loans Residential Lending 396