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The 2022 housing market: A tale of two halves

Housing Wire

The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. They are not selling and have a lot of equity in their homes. Homeowners in 2022 also tapped into their home equity, which peaked at $11.5 over asking price. High octane stuff. But the housing market in the second half of 2022?

Equity 519
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Reverse mortgage volume and securities issuance trend lower in December

Housing Wire

When assessing December’s Home Equity Conversion Mortgage (HECM) volume data for December 2023, Reverse Market Insight (RMI) used a choice word as the title for its commentary : “thud.” But New View has been warning for virtually the entirety of 2023 that the year’s issuance levels would not come close to those record-breaking levels.

Mortgages 430
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Non-QM lenders are racing to stay ahead of rates

Housing Wire

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 on July 6 closed its doors suddenly, leaving hundreds of employees without jobs and paychecks. It’s whether they’re able to sell off their closed loans. Warehouse Lenders.

Lending 379
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7 Critical Parts of Every Real Estate Investment Business Plan

The Close

This means that you may need to create a plan for marketing to homeowners in foreclosure or divorce and bankruptcy attorneys. The financial projection is a five- to 30-year estimate of your budget that will also take into consideration other important items such as appreciation, principal reduction, and depreciation.

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What Causes Pre-Construction Condo Cancellations?

Toronto Realty Blog

If you close your eyes and picture the northwest corner of Bloor and Dundas in Roncesvalles, what do you see? After all, they’re developers, not equity groups or banks. Many times, these projects are effectively canceled by somebody else… – 4) Bankruptcy. I see a leopard. No, wait, it’s something else.

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Non-QM lenders struggle to navigate volatile waters

Housing Wire

The pool of non-QM borrowers includes real estate investors, property flippers, foreign nationals, business owners, gig workers and the self-employed, as well as a smaller group of homebuyers facing credit challenges, such as past bankruptcies. David Pelka, head of RMBS business and a principal at non-QM lender CarVal Investors.

Loans 393
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2020 in Review: A Year of Changes & Opportunities for the Real Estate Industry

App Folio

Sean: To close out 2020, we’ve prepared a special episode that’s fitting of a year which has been unlike any other. Cass: Associations are really intended to be close and connected and the only way they can achieve providing a connected community is by being more advanced in their technology to navigate contactless management.