Housing Wire

DECEMBER 29, 2022

As we close out 2022, it’s time to reflect on a historic year for the housing market, which was even crazier than the COVID-19 year of 2020. In 2008, the rise of foreclosures and bankruptcy were waving red flags before the job-loss recession even happened. Not even close. So is housing in a recession? Yes, it is.

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Marketing Bankruptcy Sales FHA loan 545

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. MAXEX is an Atlanta-based fintech company that is backed by leading private-equity and capital-markets investors, including J.P. Morgan Chase.

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Marketing Pre-approval Investor Bankruptcy 352

Housing Wire

APRIL 22, 2022

For the sector of the mortgage market engaged in non-QM lending, the volatile rate environment is a particular challenge. Some non-QM lenders have parent companies in the private equity space or have affiliates organized as real estate investment trust, and some even have affiliated real estate mortgage investment conduits (REMICs).

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Loans Lending Mortgages Investor 384

HomeLight

AUGUST 26, 2020

The good news is, you can arrange to have PMI removed once you have 20% equity built up in your home. However, the lender will not automatically remove PMI once you hit your 20% equity threshold — so be sure to keep an eye on it and contact your lender when you know you have 20% equity built up. – 1.75% payment at closing.

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FHA loan Loans Debt-to-income ratio Bankruptcy 54

HomeLight

DECEMBER 23, 2021

If you have a lien against the property such as mortgage, second mortgage, or home equity line of credit, you’ll need to resolve that lien using proceeds from the sale. Before a buyer can take title to a house, the seller must clear title, or in other words prove that the title is free of issues such as liens, judgments, or bankruptcies.

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Title Title search Bankruptcy Due diligence 109

Toronto Realty Blog

JANUARY 5, 2023

Sure, there were some policy changes, but nothing remotely close to the interest rate hikes of 2022. It’s incredible just how closely these two markets aligned. So he’s not without equity. If interest rates rise drastically, I back off on everything else to avoid filing for bankruptcy.”. Filing for bankruptcy?

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Banks Mortgages Bankruptcy As-is 80

Real Estate Finance HQ

AUGUST 25, 2017

The FHA doesn’t actually lend any money. FHA lending guidelines are different from those of the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) simply because they’re designed specifically to help low-income prospective home buyers. Home Equity Loans.

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FHA loan Debt-to-income ratio Inspection Loans 40

Notorious ROB

JUNE 12, 2022

Even with a strong job market and wage gains, as well as Covid stimulus savings, price spikes in core spending categories including food, gas and shelter are leading more Americans to mind their pocketbooks closely. Now, said zombie company is really dead and enters bankruptcy proceedings. Layoffs are all but inevitable.

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Investor Banks Bankruptcy Equity 86

Housing Wire

MAY 25, 2022

The home itself is a depreciating asset, which makes it difficult for manufactured homeowners to build equity or intergenerational wealth. Instead, they have opted to finance manufactured homes that more closely resemble site-built homes, are titled as real property and cost much more. The loans, called chattel, are rarely refinanced.

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Finance FHA loan Loans Bankruptcy 377

Realtor.com

MARCH 24, 2021

With her children’s schools closed, Fairbanks says, it was impossible to return to work. Knowing that a foreclosure was pending, Fairbanks contacted a real-estate agent to sell her house, which would likely allow her to walk away with upwards of $100,000 in equity, she says. whose home was sold in a foreclosure last fall.

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As-is Mortgages Purchase and sale agreement Bankruptcy 85