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. If approved, AmeriFirst’s retail and commercial loans worth more than $5 million will be sold to a non-QM lender Oaktree Funding Corp.,
Housing Wire
NOVEMBER 21, 2022
FGMC) , controlled by global investment management firm PIMCO, filed for Chapter 11 bankruptcy protection in June. Stronghill, however, is no stranger to the non-agency and investor loan space. . Now, business owners can also apply for a mortgage loan as an individual. First Guaranty Mortgage Corp. The question is: why? .
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Housing Wire
AUGUST 9, 2022
billion in assets, has a diverse portfolio of residential and commercial real estate assets. A closer look at WMC’s books, however, shows that as of June 30 its residential whole loan portfolio, nearly all of which is comprised of non-QM loans, was underwater by some $44 million. WMC, with some $2.8 The dreaded discount.
Housing Wire
OCTOBER 12, 2023
Within mortgage companies, even those that have huge scale versus small scale, they’re offering really the same borrower experience and the same loan officer experience. Obviously, they’ve got some different systems to handle hundreds of loans a month versus thousands or tens of thousands. SW: How do you fix that?
Propmodo
APRIL 30, 2024
The amount of commercial real estate debt maturing this year makes the situation trickier. Newmark estimates that $929 billion of commercial real estate loans will come due in 2024. Willowbrook Partners will provide bespoke credit solutions for distressed commercial real estate projects in the $5 million to $50 million range.
RIS Media
AUGUST 19, 2021
When it comes to other debts, such as business or personal loans and credit cards, your creditors might seek a judgment against you that could put your home at risk. In general, if you’re behind on payments to a commercial creditor, the creditor must sue you and win a judgment against you before it can seize your property to cover the debt.
Housing Wire
AUGUST 11, 2022
a real estate investment trust (REIT) based in Mill Valley California that has residential operations focused on nonagency jumbo loans, recently reported a second-quarter 2022 net loss of $100 million, after recording a net gain of $31 million in the prior quarter. Redwood Trust Inc. , Likewise, Atlanta-based A ngel Oak Mortgage Inc. ,
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