Bankruptcy Closing Fixed-rate mortgage 
Housing Wire
MARCH 30, 2025
As always, you have to examine the data closely before concluding anything on the internet. Notably, the rate of multifamily delinquencies currently stands at under 1%, but it is at levels above the 2008 recession. However, there is a big difference between apartment lending and homeowners who have a 30-year fixed-rate mortgage.
Housing Wire
JUNE 30, 2022
Less than a week after laying off hundreds of workers and refusing new mortgage applications, First Guaranty Mortgage Corp. FGMC) and its affiliate Maverick II Holdings filed for Chapter 11 bankruptcy protection late Wednesday. . The debtor-in-possession financing, however, needs the Delaware bankruptcy court’s approval.
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Housing Wire
NOVEMBER 8, 2023
Foreclosures and bankruptcy data One of the most prominent credit stress data lines I have ever seen came during 2005-2008. We started originating traditional, boring 30-year fixed-rate mortgage loans with guidelines that ensured borrowers were qualified.
Housing Wire
JULY 27, 2022
through its Angel Oak Mortgage Trust conduit, recently unveiled its latest private-label securitization (PLS) offering — a deal slated to close in early August backed by 788 predominately non-QM loans valued at $362 million. through its affiliated companies, including real estate investment trust, or REIT, Angel Oak Mortgage Inc.
Housing Wire
OCTOBER 13, 2022
In 1980, some 4,000 savings and loan institutions (S&Ls or thrifts) accounted for about half of the nation’s $960 billion in outstanding home mortgages at that time. RTC), closed 747 S&Ls with assets of more than $407 billion. . annualized as of August per the Consumer Price Index — as well as fast-rising interest rates.
Marco Santarelli
MAY 22, 2025
Having navigated his own financial ups and downs, including a bankruptcy early in his career, he speaks from experience. When he talks about mortgages, people pay attention, especially because he often advocates for more conservative approaches like the 15-year fixed-rate mortgage. Analysts at U.S.
HomeLight
JUNE 16, 2023
In some instances, prioritizing paying off your high-interest debt over your fixed-rate mortgage can expedite your journey to financial freedom. Compare this to the average credit card interest rate for 2022, which was 17.91%. For borrowers in dire financial straits, bankruptcy can be an option.
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